FEATX vs. FIQFX

Last updated Jul 14, 2026

FEATX (Fidelity Advisor Emerging Asia Fund Class M) and FIQFX (Fidelity Advisor China Region Fund Class Z) are both mutual funds - FEATX is a Asia Pacific Equities fund managed by Fidelity, while FIQFX is a China Equities fund managed by Fidelity. Over the past 5 years, FEATX returned 7.41%/yr vs 8.91%/yr for FIQFX. Their correlation of 0.93 suggests significant overlap in exposure. FEATX charges 1.45%/yr vs 0.80%/yr for FIQFX.

Performance

FEATX vs. FIQFX - 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 China Region Fund Class Z (FIQFX). 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 33.68% return and FIQFX slightly lower at 33.20%.

FEATX

• 1D: 0.02%
• 1M: 0.96%
• 6M: 25.54%
• YTD: 33.68%
• 1Y: 56.32%
• 3Y*: 31.87%
• 5Y*: 7.41%
• 10Y*: 14.79%

FIQFX

• 1D: -0.37%
• 1M: -0.72%
• 6M: 23.08%
• YTD: 33.20%
• 1Y: 65.31%
• 3Y*: 31.89%
• 5Y*: 8.91%
• 10Y*: —

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

FEATX vs. FIQFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEATX Fidelity Advisor Emerging Asia Fund Class M	33.68%	36.34%	20.32%	13.22%	-30.99%	-15.29%	72.05%	30.26%	-0.29%
FIQFX Fidelity Advisor China Region Fund Class Z	33.20%	42.75%	23.34%	-0.13%	-23.76%	-13.61%	48.04%	35.33%	-1.81%

Correlation

The correlation between FEATX and FIQFX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.93

The correlation between FEATX and FIQFX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FEATX vs. FIQFX — Risk / Return Rank

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

FEATX

FEATX Risk / Return Rank: 86
FEATX Sharpe Ratio Rank: 89
FEATX Sortino Ratio Rank: 77
FEATX Omega Ratio Rank: 83
FEATX Calmar Ratio Rank: 93
FEATX Martin Ratio Rank: 90

FIQFX

FIQFX Risk / Return Rank: 92
FIQFX Sharpe Ratio Rank: 95
FIQFX Sortino Ratio Rank: 86
FIQFX Omega Ratio Rank: 86
FIQFX Calmar Ratio Rank: 97
FIQFX 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.

FEATX vs. FIQFX - 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 China Region Fund Class Z (FIQFX). 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	FIQFX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.76	-0.39
Sortino ratio: Return per unit of downside risk	2.84	3.33	-0.49
Omega ratio: Gain probability vs. loss probability	1.43	1.47	-0.04
Calmar ratio: Return relative to maximum drawdown	4.17	6.10	-1.93
Martin ratio: Return relative to average drawdown	13.74	17.46	-3.73

FEATX vs. FIQFX - Sharpe Ratio Comparison

The current FEATX Sharpe Ratio is 2.37, which is comparable to the FIQFX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of FEATX and FIQFX, 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. FIQFX - Drawdown Comparison

The maximum FEATX drawdown since its inception was -60.97%, roughly equal to the maximum FIQFX drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for FEATX and FIQFX.

Drawdown Indicators

	FEATX	FIQFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.97%	-58.33%	-2.64%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-10.78%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-21.98%	+4.55%
Max Drawdown (5Y) Largest decline over 5 years	-51.81%	-50.60%	-1.21%
Max Drawdown (10Y) Largest decline over 10 years	-58.09%	—	—
Current Drawdown Current decline from peak	-5.35%	-4.85%	-0.50%
Average Drawdown Average peak-to-trough decline	-20.62%	-22.16%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	3.76%	+0.35%

Volatility

FEATX vs. FIQFX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class M (FEATX) has a higher volatility of 11.37% compared to Fidelity Advisor China Region Fund Class Z (FIQFX) at 10.04%. This indicates that FEATX's price experiences larger fluctuations and is considered to be riskier than FIQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEATX	FIQFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.37%	10.04%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	21.53%	19.79%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.92%	23.79%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	24.66%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.34%	24.30%	-2.96%

FEATX vs. FIQFX - Expense Ratio Comparison

FEATX has a 1.45% expense ratio, which is higher than FIQFX's 0.80% expense ratio.

Dividends

FEATX vs. FIQFX - Dividend Comparison

FEATX has not paid dividends to shareholders, while FIQFX's dividend yield for the trailing twelve months is around 1.55%.

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%
FIQFX Fidelity Advisor China Region Fund Class Z	1.55%	2.07%	1.58%	2.14%	0.86%	11.06%	4.98%	0.84%	1.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEATX and FIQFX in my portfolio?

With a correlation of 0.92, FEATX and FIQFX 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 FIQFX?

FEATX has higher volatility (11.37%) compared to FIQFX (10.04%). In terms of maximum drawdown, FEATX dropped -60.97% vs FIQFX's -58.33%.

Which has better risk-adjusted returns?

FIQFX currently has the higher Sharpe Ratio (2.76 vs 2.37), 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.