EAD vs. FIQGX

Last updated Apr 2, 2026

Compare and contrast key facts about Emerging Markets Dividend Fund (EAD) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).

EAD is managed by Emerging Markets Fund Manager. It was launched on Jan 1, 2013. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

EAD vs. FIQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Emerging Markets Dividend Fund (EAD) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX). The values are adjusted to include any dividend payments, if applicable.

EAD vs. FIQGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EAD Emerging Markets Dividend Fund	-1.38%	8.05%	15.86%	11.94%	-23.08%	21.62%	6.35%	27.22%	-5.21%
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z	6.15%	31.96%	-3.54%	20.94%	-11.74%	6.86%	17.11%	19.81%	-1.18%

Returns By Period

In the year-to-date period, EAD achieves a -1.38% return, which is significantly lower than FIQGX's 6.15% return.

EAD

• 1D: 0.77%
• 1M: -3.48%
• YTD: -1.38%
• 6M: -2.22%
• 1Y: 4.28%
• 3Y*: 10.88%
• 5Y*: 4.07%
• 10Y*: 7.89%

FIQGX

• 1D: 1.90%
• 1M: -6.09%
• YTD: 6.15%
• 6M: 11.78%
• 1Y: 36.85%
• 3Y*: 15.79%
• 5Y*: 7.98%
• 10Y*: —

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

EAD vs. FIQGX - Expense Ratio Comparison

EAD has a 0.04% expense ratio, which is lower than FIQGX's 1.05% expense ratio.

FIQGX

Fidelity Advisor Emerging Markets Discovery Fund Class Z

EAD

Emerging Markets Dividend Fund

Return for Risk

EAD vs. FIQGX — Risk / Return Rank

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

EAD

EAD Risk / Return Rank: 10
EAD Sharpe Ratio Rank: 9
EAD Sortino Ratio Rank: 8
EAD Omega Ratio Rank: 10
EAD Calmar Ratio Rank: 10
EAD Martin Ratio Rank: 14

FIQGX

FIQGX Risk / Return Rank: 96
FIQGX Sharpe Ratio Rank: 97
FIQGX Sortino Ratio Rank: 95
FIQGX Omega Ratio Rank: 94
FIQGX Calmar Ratio Rank: 96
FIQGX Martin Ratio Rank: 95

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.

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.

	EAD	FIQGX	Difference
Sharpe ratio Return per unit of total volatility	0.32	2.64	-2.32
Sortino ratio Return per unit of downside risk	0.51	3.28	-2.77
Omega ratio Gain probability vs. loss probability	1.09	1.50	-0.41
Calmar ratio Return relative to maximum drawdown	0.43	3.70	-3.27
Martin ratio Return relative to average drawdown	1.99	14.41	-12.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAD vs. FIQGX - Sharpe Ratio Comparison

The current EAD Sharpe Ratio is 0.32, which is lower than the FIQGX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of EAD and FIQGX, 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

	EAD	FIQGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	2.64	-2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.57	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.64	-0.30

Correlation

The correlation between EAD and FIQGX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EAD vs. FIQGX - Dividend Comparison

EAD's dividend yield for the trailing twelve months is around 9.84%, more than FIQGX's 4.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EAD Emerging Markets Dividend Fund	9.84%	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	4.59%	4.87%	4.07%	2.20%	1.86%	12.04%	0.71%	1.22%	2.16%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	EAD	FIQGX	Difference
Max Drawdown Largest peak-to-trough decline	-67.37%	-38.41%	-28.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-9.94%	-1.38%
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 Drawdown Current decline from peak	-4.04%	-7.83%	+3.79%
Average Drawdown Average peak-to-trough decline	-7.19%	-7.02%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.55%	-0.10%

Volatility

EAD vs. FIQGX - Volatility Comparison

The current volatility for Emerging Markets Dividend Fund (EAD) is 5.42%, while Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) has a volatility of 6.78%. 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.

Volatility by Period

	EAD	FIQGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	6.78%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	9.92%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	14.45%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	14.01%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	16.77%	-0.65%