EAD vs. FIQGX
EAD (Emerging Markets Dividend Fund) and FIQGX (Fidelity Advisor Emerging Markets Discovery Fund Class Z) are both Emerging Markets Equities funds. Over the past 5 years, EAD returned 2.42%/yr vs 8.81%/yr for FIQGX. Their 0.42 correlation means their historical movements had little consistent relationship. EAD charges 0.04%/yr vs 1.05%/yr for FIQGX.
Performance
EAD vs. FIQGX - Performance Comparison
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Returns By Period
In the year-to-date period, EAD achieves a -0.90% return, which is significantly lower than FIQGX's 17.73% return.
EAD
- 1D
- 0.79%
- 1M
- -1.65%
- 6M
- -2.96%
- YTD
- -0.90%
- 1Y
- -0.53%
- 3Y*
- 9.71%
- 5Y*
- 2.42%
- 10Y*
- 6.61%
- ALL TIME*
- 6.74%
FIQGX
- 1D
- -0.44%
- 1M
- -1.35%
- 6M
- 8.82%
- YTD
- 17.73%
- 1Y
- 33.54%
- 3Y*
- 15.76%
- 5Y*
- 8.81%
- 10Y*
- —
- ALL TIME*
- 11.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.13M | $1.89M | $1.54M | |
| $0.00 | $0.00 | $0.00 |
EAD vs. FIQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | -0.90% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -5.46% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 17.73% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
Correlation
The correlation between EAD and FIQGX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.42 |
The correlation between EAD and FIQGX shifts across timeframes, from 0.38 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EAD vs. FIQGX — Risk / Return Rank
EAD
FIQGX
EAD vs. FIQGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Dividend Fund (EAD) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EAD | FIQGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 3.46 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.22 | 11.71 | -11.93 |
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Drawdowns
EAD vs. FIQGX - Drawdown Comparison
The maximum EAD drawdown since its inception was -67.37%, which is greater than FIQGX's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for EAD and FIQGX.
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Drawdown Indicators
| EAD | FIQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.37% | -38.41% | -28.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.55% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -17.26% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -27.36% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | — | — |
Current DrawdownCurrent decline from peak | -3.58% | -3.83% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -6.83% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.81% | -0.40% |
Volatility
EAD vs. FIQGX - Volatility Comparison
The current volatility for Emerging Markets Dividend Fund (EAD) is 1.90%, while Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) has a volatility of 5.54%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAD | FIQGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 5.54% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 13.13% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 15.08% | -6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 14.42% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 16.84% | -0.74% |
EAD vs. FIQGX - Expense Ratio Comparison
EAD has a 0.04% expense ratio, which is lower than FIQGX's 1.05% expense ratio.
Dividends
EAD vs. FIQGX - Dividend Comparison
EAD's dividend yield for the trailing twelve months is around 10.11%, more than FIQGX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | 10.11% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.14% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EAD and FIQGX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQGX has higher volatility (5.54%) compared to EAD (1.90%). In terms of maximum drawdown, EAD dropped -67.37% vs FIQGX's -38.41%.
FIQGX currently has the higher Sharpe Ratio (2.19 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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