FEATX vs. FEAAX

Last updated Jun 5, 2026

FEATX (Fidelity Advisor Emerging Asia Fund Class M) and FEAAX (Fidelity Advisor Emerging Asia Fund Class A) are both Asia Pacific Equities funds from Fidelity. Over the past 10 years, FEATX returned 15.70%/yr vs 16.00%/yr for FEAAX. With a 1.00 correlation, they move nearly in lockstep. FEATX charges 1.45%/yr vs 1.20%/yr for FEAAX.

Performance

FEATX vs. FEAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Asia Fund Class M (FEATX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEATX having a 38.69% return and FEAAX slightly higher at 38.85%. Both investments have delivered pretty close results over the past 10 years, with FEATX having a 15.70% annualized return and FEAAX not far ahead at 16.00%.

FEATX

• 1D: -0.85%
• 1M: 9.55%
• YTD: 38.69%
• 6M: 43.59%
• 1Y: 71.42%
• 3Y*: 34.26%
• 5Y*: 7.99%
• 10Y*: 15.70%

FEAAX

• 1D: -0.85%
• 1M: 9.57%
• YTD: 38.85%
• 6M: 43.75%
• 1Y: 71.83%
• 3Y*: 34.59%
• 5Y*: 8.27%
• 10Y*: 16.00%

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

FEATX vs. FEAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEATX Fidelity Advisor Emerging Asia Fund Class M	38.69%	36.34%	20.32%	13.22%	-30.99%	-15.29%	72.05%	30.26%	-15.36%	45.82%
FEAAX Fidelity Advisor Emerging Asia Fund Class A	38.85%	36.67%	20.63%	13.50%	-30.79%	-15.06%	72.51%	30.64%	-15.11%	45.96%

Correlation

The correlation between FEATX and FEAAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 16, 1999	1.00

The correlation between FEATX and FEAAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FEATX vs. FEAAX — Risk / Return Rank

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

FEATX

FEATX Risk / Return Rank: 93
FEATX Sharpe Ratio Rank: 97
FEATX Sortino Ratio Rank: 90
FEATX Omega Ratio Rank: 90
FEATX Calmar Ratio Rank: 94
FEATX Martin Ratio Rank: 93

FEAAX

FEAAX Risk / Return Rank: 93
FEAAX Sharpe Ratio Rank: 98
FEAAX Sortino Ratio Rank: 91
FEAAX Omega Ratio Rank: 90
FEAAX Calmar Ratio Rank: 94
FEAAX Martin Ratio Rank: 93

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.

FEATX vs. FEAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class M (FEATX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX). 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.

	FEATX	FEAAX	Difference
Sharpe ratio: Return per unit of total volatility	3.73	3.75	-0.02
Sortino ratio: Return per unit of downside risk	4.45	4.48	-0.03
Omega ratio: Gain probability vs. loss probability	1.66	1.66	0.00
Calmar ratio: Return relative to maximum drawdown	5.46	5.50	-0.04
Martin ratio: Return relative to average drawdown	19.75	19.92	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEATX vs. FEAAX - Sharpe Ratio Comparison

The current FEATX Sharpe Ratio is 3.73, which is comparable to the FEAAX Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of FEATX and FEAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEATX	FEAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.73	3.75	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.36	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.77	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.40	+0.08

Drawdowns

FEATX vs. FEAAX - Drawdown Comparison

The maximum FEATX drawdown since its inception was -60.97%, roughly equal to the maximum FEAAX drawdown of -60.87%. Use the drawdown chart below to compare losses from any high point for FEATX and FEAAX.

Drawdown Indicators

	FEATX	FEAAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.97%	-60.87%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-13.56%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-17.33%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-53.63%	-53.46%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	-58.09%	-57.90%	-0.19%
Current Drawdown Current decline from peak	-0.85%	-0.85%	0.00%
Average Drawdown Average peak-to-trough decline	-20.68%	-20.20%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	3.73%	+0.01%

Volatility

FEATX vs. FEAAX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class M (FEATX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX) have volatilities of 8.62% and 8.61%, 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

	FEATX	FEAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	8.61%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	16.71%	16.70%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.85%	19.85%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	22.90%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	20.97%	0.00%

FEATX vs. FEAAX - Expense Ratio Comparison

FEATX has a 1.45% expense ratio, which is higher than FEAAX's 1.20% expense ratio.

Dividends

FEATX vs. FEAAX - Dividend Comparison

Neither FEATX nor FEAAX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEAAX Fidelity Advisor Emerging Asia Fund Class A	0.00%	0.00%	0.00%	0.00%	0.00%	12.88%	6.62%	5.21%	6.49%	0.03%	1.10%	0.84%
FEATX Fidelity Advisor Emerging Asia Fund Class M	0.00%	0.00%	0.00%	0.00%	0.00%	13.43%	6.70%	5.07%	6.24%	0.03%	0.89%	0.87%

Frequently Asked Questions

Can I hold both FEATX and FEAAX in my portfolio?

With a correlation of 1.00, FEATX and FEAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEATX or FEAAX?

FEATX has higher volatility (8.62%) compared to FEAAX (8.61%). In terms of maximum drawdown, FEATX dropped -60.97% vs FEAAX's -60.87%.

Which has better risk-adjusted returns?

FEAAX currently has the higher Sharpe Ratio (3.75 vs 3.73), 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.