FEDTX vs. FZAEX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX).
FEDTX is managed by Fidelity. It was launched on Nov 1, 2011. FZAEX is managed by Fidelity. It was launched on Aug 13, 2013.
Performance
FEDTX vs. FZAEX - Performance Comparison
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FEDTX vs. FZAEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 7.08% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 5.90% | 40.25% | 9.43% | 8.60% | -19.75% | -2.50% | 30.63% | 29.94% | -17.95% | 46.69% |
Returns By Period
In the year-to-date period, FEDTX achieves a 7.08% return, which is significantly higher than FZAEX's 5.90% return. Over the past 10 years, FEDTX has underperformed FZAEX with an annualized return of 9.28%, while FZAEX has yielded a comparatively higher 11.04% annualized return.
FEDTX
- 1D
- 1.04%
- 1M
- -1.64%
- YTD
- 7.08%
- 6M
- 12.86%
- 1Y
- 36.61%
- 3Y*
- 15.46%
- 5Y*
- 7.49%
- 10Y*
- 9.28%
FZAEX
- 1D
- 1.40%
- 1M
- -3.15%
- YTD
- 5.90%
- 6M
- 10.38%
- 1Y
- 38.73%
- 3Y*
- 19.45%
- 5Y*
- 5.71%
- 10Y*
- 11.04%
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FEDTX vs. FZAEX - Expense Ratio Comparison
FEDTX has a 1.76% expense ratio, which is higher than FZAEX's 0.90% expense ratio.
Return for Risk
FEDTX vs. FZAEX — Risk / Return Rank
FEDTX
FZAEX
FEDTX vs. FZAEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX). 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.
| FEDTX | FZAEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.62 | 2.09 | +0.53 |
Sortino ratioReturn per unit of downside risk | 3.25 | 2.62 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.87 | 2.92 | +0.95 |
Martin ratioReturn relative to average drawdown | 14.73 | 10.95 | +3.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEDTX | FZAEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.09 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.31 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.50 | -0.01 |
Correlation
The correlation between FEDTX and FZAEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEDTX vs. FZAEX - Dividend Comparison
FEDTX's dividend yield for the trailing twelve months is around 4.02%, more than FZAEX's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.02% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 1.56% | 1.65% | 1.36% | 1.69% | 1.23% | 5.35% | 2.23% | 11.13% | 0.78% | 0.10% | 0.63% | 0.34% |
Drawdowns
FEDTX vs. FZAEX - Drawdown Comparison
The maximum FEDTX drawdown since its inception was -43.70%, roughly equal to the maximum FZAEX drawdown of -41.73%. Use the drawdown chart below to compare losses from any high point for FEDTX and FZAEX.
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Drawdown Indicators
| FEDTX | FZAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -41.73% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -13.71% | +4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -40.39% | +12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -41.73% | -1.97% |
Current DrawdownCurrent decline from peak | -6.93% | -9.48% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -12.53% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.65% | -1.04% |
Volatility
FEDTX vs. FZAEX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) is 5.90%, while Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a volatility of 8.44%. This indicates that FEDTX experiences smaller price fluctuations and is considered to be less risky than FZAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDTX | FZAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 8.44% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 13.53% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 18.67% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 18.53% | -4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 18.59% | -2.94% |