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AZMIX vs. FERGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

AZMIX vs. FERGX

Last updated Apr 2, 2026

Compare and contrast key facts about Virtus NFJ Emerging Markets Value Fund (AZMIX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

AZMIX is managed by Allianz. It was launched on Dec 17, 2012. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

AZMIX vs. FERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus NFJ Emerging Markets Value Fund (AZMIX) and Fidelity SAI Emerging Markets Index Fund (FERGX). The values are adjusted to include any dividend payments, if applicable.

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AZMIX vs. FERGX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AZMIX
Virtus NFJ Emerging Markets Value Fund		1.85%33.20%0.98%7.15%-27.76%2.53%22.61%21.90%-19.63%35.64%
FERGX
Fidelity SAI Emerging Markets Index Fund		3.35%33.86%6.59%9.41%-20.19%-3.05%17.46%18.22%-14.52%33.62%

Returns By Period

In the year-to-date period, AZMIX achieves a 1.85% return, which is significantly lower than FERGX's 3.35% return.

AZMIX

1D
1.45%
1M
-9.07%
YTD
1.85%
6M
0.20%
1Y
28.14%
3Y*
10.81%
5Y*
1.24%
10Y*
6.91%

FERGX

1D
3.23%
1M
-8.17%
YTD
3.35%
6M
7.00%
1Y
32.37%
3Y*
15.69%
5Y*
3.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Virtus NFJ Emerging Markets Value Fund

Fidelity SAI Emerging Markets Index Fund

Often compared with AZMIX:
AZMIX vs. ASHIXAZMIX vs. DRMCXAZMIX vs. AZBIXAZMIX vs. PGWCXAZMIX vs. ALOIXAZMIX vs. ANVIXAZMIX vs. ANNPX
Often compared with FERGX:
FERGX vs. FGOMXFERGX vs. EEMFERGX vs. FPADXFERGX vs. VWOFERGX vs. FSISXFERGX vs. IEMGFERGX vs. VFINX

AZMIX vs. FERGX - Expense Ratio Comparison

AZMIX has a 0.89% expense ratio, which is higher than FERGX's 0.08% expense ratio.

AZMIX
Virtus NFJ Emerging Markets Value Fund
FERGX
Fidelity SAI Emerging Markets Index Fund

Return for Risk

AZMIX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AZMIX
AZMIX Risk / Return Rank: 7474
Overall Rank
AZMIX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
AZMIX Sortino Ratio Rank: 7272
Sortino Ratio Rank
AZMIX Omega Ratio Rank: 7171
Omega Ratio Rank
AZMIX Calmar Ratio Rank: 8080
Calmar Ratio Rank
AZMIX Martin Ratio Rank: 6969
Martin Ratio Rank
FERGX
FERGX Risk / Return Rank: 8686
Overall Rank
FERGX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FERGX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FERGX Omega Ratio Rank: 8585
Omega Ratio Rank
FERGX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FERGX Martin Ratio Rank: 8585
Martin Ratio Rank
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.

AZMIX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ Emerging Markets Value Fund (AZMIX) and Fidelity SAI Emerging Markets Index Fund (FERGX). 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.

AZMIXFERGXDifference

Sharpe ratio

Return per unit of total volatility

1.46

1.86

-0.40

Sortino ratio

Return per unit of downside risk

1.93

2.45

-0.53

Omega ratio

Gain probability vs. loss probability

1.29

1.36

-0.07

Calmar ratio

Return relative to maximum drawdown

2.11

2.27

-0.16

Martin ratio

Return relative to average drawdown

7.23

9.03

-1.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AZMIX vs. FERGX - Sharpe Ratio Comparison

The current AZMIX Sharpe Ratio is 1.46, which is comparable to the FERGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of AZMIX and FERGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

AZMIXFERGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

1.86

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.06

0.22

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.43

-0.15

Correlation

The correlation between AZMIX and FERGX is 0.89, 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

AZMIX vs. FERGX - Dividend Comparison

AZMIX's dividend yield for the trailing twelve months is around 3.10%, more than FERGX's 2.59% yield.

TTM20252024202320222021202020192018201720162015
AZMIX
Virtus NFJ Emerging Markets Value Fund		3.10%3.15%1.57%1.80%2.08%0.57%1.68%2.96%3.07%1.70%2.41%3.62%
FERGX
Fidelity SAI Emerging Markets Index Fund		2.59%2.67%2.40%2.67%2.51%2.90%1.49%2.49%2.58%0.58%0.00%0.00%

Drawdowns

AZMIX vs. FERGX - Drawdown Comparison

The maximum AZMIX drawdown since its inception was -44.57%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for AZMIX and FERGX.

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Drawdown Indicators

AZMIXFERGXDifference

Max Drawdown

Largest peak-to-trough decline

-44.57%

-39.27%

-5.30%

Max Drawdown (1Y)

Largest decline over 1 year

-13.15%

-13.32%

+0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-43.05%

-37.18%

-5.87%

Max Drawdown (10Y)

Largest decline over 10 years

-44.57%

—

—

Current Drawdown

Current decline from peak

-10.83%

-10.52%

-0.31%

Average Drawdown

Average peak-to-trough decline

-14.40%

-14.56%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

3.35%

+0.49%

Volatility

AZMIX vs. FERGX - Volatility Comparison

The current volatility for Virtus NFJ Emerging Markets Value Fund (AZMIX) is 8.45%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 9.62%. This indicates that AZMIX experiences smaller price fluctuations and is considered to be less risky than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AZMIXFERGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.45%

9.62%

-1.17%

Volatility (6M)

Calculated over the trailing 6-month period

14.07%

13.68%

+0.39%

Volatility (1Y)

Calculated over the trailing 1-year period

19.63%

17.94%

+1.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.16%

16.84%

+2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.20%

17.85%

+0.35%