BLZIX vs. FERGX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Sustainable Advantage Emerging Markets Equity Fund (BLZIX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

BLZIX is managed by BlackRock. It was launched on Aug 17, 2020. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

BLZIX vs. FERGX - Performance Comparison

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

BLZIX vs. FERGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BLZIX BlackRock Sustainable Advantage Emerging Markets Equity Fund	4.23%	34.04%	7.36%	8.27%	-21.88%	-3.34%	17.81%
FERGX Fidelity SAI Emerging Markets Index Fund	3.35%	33.86%	6.59%	9.41%	-20.19%	-3.05%	17.05%

Returns By Period

In the year-to-date period, BLZIX achieves a 4.23% return, which is significantly higher than FERGX's 3.35% return.

BLZIX

• 1D: 2.78%
• 1M: -8.30%
• YTD: 4.23%
• 6M: 8.03%
• 1Y: 34.62%
• 3Y*: 15.46%
• 5Y*: 3.23%
• 10Y*: —

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)

BLZIX vs. FERGX - Expense Ratio Comparison

BLZIX has a 0.86% expense ratio, which is higher than FERGX's 0.08% expense ratio.

BLZIX

BlackRock Sustainable Advantage Emerging Markets Equity Fund

FERGX

Fidelity SAI Emerging Markets Index Fund

Return for Risk

BLZIX vs. FERGX — Risk / Return Rank

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

BLZIX

BLZIX Risk / Return Rank: 88
BLZIX Sharpe Ratio Rank: 90
BLZIX Sortino Ratio Rank: 87
BLZIX Omega Ratio Rank: 85
BLZIX Calmar Ratio Rank: 90
BLZIX Martin Ratio Rank: 89

FERGX

FERGX Risk / Return Rank: 86
FERGX Sharpe Ratio Rank: 89
FERGX Sortino Ratio Rank: 88
FERGX Omega Ratio Rank: 85
FERGX Calmar Ratio Rank: 86
FERGX Martin Ratio Rank: 85

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.

BLZIX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage Emerging Markets Equity Fund (BLZIX) 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.

	BLZIX	FERGX	Difference
Sharpe ratio Return per unit of total volatility	1.93	1.86	+0.06
Sortino ratio Return per unit of downside risk	2.50	2.45	+0.05
Omega ratio Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio Return relative to maximum drawdown	2.69	2.27	+0.42
Martin ratio Return relative to average drawdown	10.33	9.03	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLZIX vs. FERGX - Sharpe Ratio Comparison

The current BLZIX Sharpe Ratio is 1.93, which is comparable to the FERGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of BLZIX 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.

Sharpe Ratios by Period

	BLZIX	FERGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.86	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.22	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.43	-0.05

Correlation

The correlation between BLZIX and FERGX is 0.97, 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

BLZIX vs. FERGX - Dividend Comparison

BLZIX's dividend yield for the trailing twelve months is around 2.77%, more than FERGX's 2.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLZIX BlackRock Sustainable Advantage Emerging Markets Equity Fund	2.77%	2.89%	2.00%	2.32%	2.70%	11.00%	0.42%	0.00%	0.00%	0.00%
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%

Drawdowns

BLZIX vs. FERGX - Drawdown Comparison

The maximum BLZIX drawdown since its inception was -42.19%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for BLZIX and FERGX.

Drawdown Indicators

	BLZIX	FERGX	Difference
Max Drawdown Largest peak-to-trough decline	-42.19%	-39.27%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-13.32%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-42.19%	-37.18%	-5.01%
Current Drawdown Current decline from peak	-10.45%	-10.52%	+0.07%
Average Drawdown Average peak-to-trough decline	-19.10%	-14.56%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.35%	0.00%

Volatility

BLZIX vs. FERGX - Volatility Comparison

BlackRock Sustainable Advantage Emerging Markets Equity Fund (BLZIX) and Fidelity SAI Emerging Markets Index Fund (FERGX) have volatilities of 9.38% and 9.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLZIX	FERGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.38%	9.62%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	13.68%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	17.94%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	16.84%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	17.85%	+0.08%