FEATX vs. FERCX

Last updated Aug 2, 2026

FEATX (Fidelity Advisor Emerging Asia Fund Class M) and FERCX (Fidelity Advisor Emerging Asia Fund Class C) are both Asia Pacific Equities funds from Fidelity. Over the past 10 years, FEATX returned 13.45%/yr vs 12.94%/yr for FERCX. Their 1.00 correlation means they have historically moved very closely together. FEATX charges 1.45%/yr vs 1.96%/yr for FERCX.

Performance

FEATX vs. FERCX - 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 C (FERCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FEATX having a 23.29% return and FERCX slightly lower at 22.95%. Both investments have delivered pretty close results over the past 10 years, with FEATX having a 13.45% annualized return and FERCX not far behind at 12.94%.

FEATX

• 1D: 3.44%
• 1M: -6.71%
• 6M: 13.07%
• YTD: 23.29%
• 1Y: 41.98%
• 3Y*: 26.66%
• 5Y*: 7.28%
• 10Y*: 13.45%
• ALL TIME*: 9.52%

FERCX

• 1D: 3.45%
• 1M: -6.74%
• 6M: 12.80%
• YTD: 22.95%
• 1Y: 41.29%
• 3Y*: 26.04%
• 5Y*: 6.76%
• 10Y*: 12.94%
• ALL TIME*: 9.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEATX Fidelity Advisor Emerging Asia Fund Class M	$0.00	$0.00	$0.00
FERCX Fidelity Advisor Emerging Asia Fund Class C	$0.00	$0.00	$0.00

FEATX vs. FERCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEATX Fidelity Advisor Emerging Asia Fund Class M	23.29%	36.34%	20.32%	13.22%	-30.99%	-15.29%	72.05%	30.26%	-15.36%	45.82%
FERCX Fidelity Advisor Emerging Asia Fund Class C	22.95%	35.65%	19.76%	12.64%	-31.29%	-15.75%	71.24%	29.64%	-15.72%	45.46%

Correlation

The correlation between FEATX and FERCX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (10Y) Provides a long-term view across more market conditions.	1.00
Correlation (All Time) Calculated using the full available price history since Jun 15, 1999	1.00

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

FEATX vs. FERCX - Sectors Allocation Comparison

Sectors	FEATX	FERCX
Technology	56.1%	56.1%
Financial Services	13.7%	13.7%
Industrials	9.5%	9.5%
Consumer Cyclical	6.5%	6.5%
Basic Materials	5.5%	5.5%
Communication Services	3.6%	3.6%
Healthcare	2.0%	2.0%
Consumer Defensive	1.6%	1.6%
Energy	1.5%	1.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

FEATX vs. FERCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEATX

FEATX Risk / Return Rank: 64
FEATX Sharpe Ratio Rank: 63
FEATX Sortino Ratio Rank: 52
FEATX Omega Ratio Rank: 63
FEATX Calmar Ratio Rank: 76
FEATX Martin Ratio Rank: 64

FERCX

FERCX Risk / Return Rank: 60
FERCX Sharpe Ratio Rank: 59
FERCX Sortino Ratio Rank: 49
FERCX Omega Ratio Rank: 59
FERCX Calmar Ratio Rank: 74
FERCX Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEATX vs. FERCX - 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 C (FERCX). 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.

	FEATX	FERCX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.51	+0.03
Sortino ratio: Return per unit of downside risk	2.01	1.98	+0.03
Omega ratio: Gain probability vs. loss probability	1.29	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	2.50	2.45	+0.05
Martin ratio: Return relative to average drawdown	8.12	7.95	+0.18

FEATX vs. FERCX - Sharpe Ratio Comparison

The current FEATX Sharpe Ratio is 1.54, which is comparable to the FERCX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of FEATX and FERCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEATX vs. FERCX - Drawdown Comparison

The maximum FEATX drawdown since its inception was -60.97%, roughly equal to the maximum FERCX drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for FEATX and FERCX.

Drawdown Indicators

	FEATX	FERCX	Difference
Max Drawdown Largest peak-to-trough decline	-60.97%	-61.15%	+0.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-15.66%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-17.64%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-50.88%	-51.15%	+0.27%
Max Drawdown (10Y) Largest decline over 10 years	-58.09%	-58.44%	+0.35%
Current Drawdown Current decline from peak	-12.71%	-12.75%	+0.04%
Average Drawdown Average peak-to-trough decline	-20.60%	-21.12%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	4.82%	-0.02%

Volatility

FEATX vs. FERCX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class M (FEATX) and Fidelity Advisor Emerging Asia Fund Class C (FERCX) have volatilities of 9.96% and 9.96%, 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	FERCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	9.96%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	23.06%	23.06%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	25.40%	25.39%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.76%	23.76%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	21.51%	0.00%

FEATX vs. FERCX - Expense Ratio Comparison

FEATX has a 1.45% expense ratio, which is lower than FERCX's 1.96% expense ratio.

Dividends

FEATX vs. FERCX - Dividend Comparison

Neither FEATX nor FERCX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FERCX Fidelity Advisor Emerging Asia Fund Class C	0.00%	0.00%	0.00%	0.00%	0.00%	14.89%	7.03%	5.13%	6.53%	0.03%	0.56%	0.92%

Frequently Asked Questions

Can I hold both FEATX and FERCX in my portfolio?

With a correlation of 1.00, FEATX and FERCX 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 FERCX?

FERCX has higher volatility (9.96%) compared to FEATX (9.96%). In terms of maximum drawdown, FEATX dropped -60.97% vs FERCX's -61.15%.

Which has better risk-adjusted returns?

FEATX currently has the higher Sharpe Ratio (1.54 vs 1.51), 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.