ASIAX vs. FERIX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco EQV Asia Pacific Equity Fund (ASIAX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX).

ASIAX is managed by Invesco. It was launched on Nov 2, 1997. FERIX is managed by Fidelity. It was launched on Jun 15, 1999.

Performance

ASIAX vs. FERIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQV Asia Pacific Equity Fund (ASIAX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX). The values are adjusted to include any dividend payments, if applicable.

ASIAX vs. FERIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASIAX Invesco EQV Asia Pacific Equity Fund	-2.04%	24.56%	9.59%	0.87%	-10.82%	-6.10%	25.76%	17.78%	-11.50%	29.13%
FERIX Fidelity Advisor Emerging Asia Fund Class I	0.92%	37.04%	20.95%	13.84%	-30.60%	-14.83%	72.97%	31.02%	-14.87%	45.94%

Returns By Period

In the year-to-date period, ASIAX achieves a -2.04% return, which is significantly lower than FERIX's 0.92% return. Over the past 10 years, ASIAX has underperformed FERIX with an annualized return of 7.03%, while FERIX has yielded a comparatively higher 12.65% annualized return.

ASIAX

• 1D: -0.65%
• 1M: -11.53%
• YTD: -2.04%
• 6M: 3.87%
• 1Y: 25.13%
• 3Y*: 8.75%
• 5Y*: 2.08%
• 10Y*: 7.03%

FERIX

• 1D: -1.11%
• 1M: -12.52%
• YTD: 0.92%
• 6M: 2.47%
• 1Y: 34.26%
• 3Y*: 20.82%
• 5Y*: 2.42%
• 10Y*: 12.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASIAX vs. FERIX - Expense Ratio Comparison

ASIAX has a 1.45% expense ratio, which is higher than FERIX's 0.94% expense ratio.

ASIAX

Invesco EQV Asia Pacific Equity Fund

FERIX

Fidelity Advisor Emerging Asia Fund Class I

Return for Risk

ASIAX vs. FERIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASIAX

ASIAX Risk / Return Rank: 80
ASIAX Sharpe Ratio Rank: 81
ASIAX Sortino Ratio Rank: 81
ASIAX Omega Ratio Rank: 78
ASIAX Calmar Ratio Rank: 81
ASIAX Martin Ratio Rank: 80

FERIX

FERIX Risk / Return Rank: 84
FERIX Sharpe Ratio Rank: 86
FERIX Sortino Ratio Rank: 84
FERIX Omega Ratio Rank: 81
FERIX Calmar Ratio Rank: 87
FERIX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASIAX vs. FERIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASIAX	FERIX	Difference
Sharpe ratio Return per unit of total volatility	1.51	1.65	-0.14
Sortino ratio Return per unit of downside risk	2.07	2.18	-0.11
Omega ratio Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio Return relative to maximum drawdown	1.97	2.27	-0.30
Martin ratio Return relative to average drawdown	7.91	8.22	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASIAX vs. FERIX - Sharpe Ratio Comparison

The current ASIAX Sharpe Ratio is 1.51, which is comparable to the FERIX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ASIAX and FERIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASIAX	FERIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.65	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.11	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.61	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.35	+0.11

Correlation

The correlation between ASIAX and FERIX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ASIAX vs. FERIX - Dividend Comparison

ASIAX's dividend yield for the trailing twelve months is around 21.86%, while FERIX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIAX Invesco EQV Asia Pacific Equity Fund	21.86%	21.41%	8.68%	2.84%	7.25%	7.71%	7.37%	5.67%	7.17%	7.91%	1.09%	3.15%
FERIX Fidelity Advisor Emerging Asia Fund Class I	0.00%	0.00%	0.00%	0.00%	0.01%	12.49%	6.58%	5.30%	6.70%	0.03%	1.29%	0.82%

Drawdowns

ASIAX vs. FERIX - Drawdown Comparison

The maximum ASIAX drawdown since its inception was -63.78%, roughly equal to the maximum FERIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for ASIAX and FERIX.

Drawdown Indicators

	ASIAX	FERIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.78%	-60.82%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-13.53%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-32.40%	-53.29%	+20.89%
Max Drawdown (10Y) Largest decline over 10 years	-36.32%	-57.71%	+21.39%
Current Drawdown Current decline from peak	-11.73%	-13.53%	+1.80%
Average Drawdown Average peak-to-trough decline	-15.17%	-18.22%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.73%	-0.75%

Volatility

ASIAX vs. FERIX - Volatility Comparison

The current volatility for Invesco EQV Asia Pacific Equity Fund (ASIAX) is 6.73%, while Fidelity Advisor Emerging Asia Fund Class I (FERIX) has a volatility of 9.61%. This indicates that ASIAX experiences smaller price fluctuations and is considered to be less risky than FERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIAX	FERIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	9.61%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	14.64%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	20.29%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	22.55%	-7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	20.70%	-5.68%