FERCX vs. FEATX

Last updated Jun 5, 2026

FERCX (Fidelity Advisor Emerging Asia Fund Class C) and FEATX (Fidelity Advisor Emerging Asia Fund Class M) are both Asia Pacific Equities funds from Fidelity. Over the past 10 years, FERCX returned 15.18%/yr vs 15.70%/yr for FEATX. With a 1.00 correlation, they move nearly in lockstep. FERCX charges 1.96%/yr vs 1.45%/yr for FEATX.

Performance

FERCX vs. FEATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Fidelity Advisor Emerging Asia Fund Class M (FEATX). 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 FERCX having a 38.41% return and FEATX slightly higher at 38.69%. Both investments have delivered pretty close results over the past 10 years, with FERCX having a 15.18% annualized return and FEATX not far ahead at 15.70%.

FERCX

• 1D: -0.85%
• 1M: 9.50%
• YTD: 38.41%
• 6M: 43.23%
• 1Y: 70.59%
• 3Y*: 33.60%
• 5Y*: 7.46%
• 10Y*: 15.18%

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%

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

FERCX vs. FEATX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FERCX Fidelity Advisor Emerging Asia Fund Class C	38.41%	35.65%	19.76%	12.64%	-31.29%	-15.75%	71.24%	29.64%	-15.72%	45.46%
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%

Correlation

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

FERCX vs. FEATX - Sectors Allocation Comparison

Sectors	FERCX	FEATX
Technology	42.6%	42.6%
Financial Services	14.9%	14.9%
Industrials	11.3%	11.3%
Consumer Cyclical	10.8%	10.8%
Communication Services	7.4%	7.4%
Basic Materials	5.1%	5.1%
Healthcare	4.2%	4.2%
Energy	2.0%	2.0%
Consumer Defensive	1.9%	1.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

FERCX vs. FEATX — Risk / Return Rank

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

FERCX

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

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

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.

FERCX vs. FEATX - Risk-Adjusted Trends Comparison

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

	FERCX	FEATX	Difference
Sharpe ratio: Return per unit of total volatility	3.69	3.73	-0.04
Sortino ratio: Return per unit of downside risk	4.41	4.45	-0.04
Omega ratio: Gain probability vs. loss probability	1.65	1.66	-0.01
Calmar ratio: Return relative to maximum drawdown	5.38	5.46	-0.08
Martin ratio: Return relative to average drawdown	19.43	19.75	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FERCX vs. FEATX - Sharpe Ratio Comparison

The current FERCX Sharpe Ratio is 3.69, which is comparable to the FEATX Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of FERCX and FEATX, 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

	FERCX	FEATX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	3.73	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.35	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.75	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.48	-0.02

Drawdowns

FERCX vs. FEATX - Drawdown Comparison

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

Drawdown Indicators

	FERCX	FEATX	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-60.97%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-13.58%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-17.43%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-53.94%	-53.63%	-0.31%
Max Drawdown (10Y) Largest decline over 10 years	-58.44%	-58.09%	-0.35%
Current Drawdown Current decline from peak	-0.85%	-0.85%	0.00%
Average Drawdown Average peak-to-trough decline	-21.21%	-20.68%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.74%	+0.02%

Volatility

FERCX vs. FEATX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Fidelity Advisor Emerging Asia Fund Class M (FEATX) have volatilities of 8.60% and 8.62%, 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

	FERCX	FEATX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.60%	8.62%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	16.71%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.84%	19.85%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	22.90%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	20.97%	+0.01%

FERCX vs. FEATX - Expense Ratio Comparison

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

Dividends

FERCX vs. FEATX - Dividend Comparison

Neither FERCX nor FEATX 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 FERCX and FEATX in my portfolio?

With a correlation of 1.00, FERCX and FEATX 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, FERCX or FEATX?

FEATX has higher volatility (8.62%) compared to FERCX (8.60%). In terms of maximum drawdown, FERCX dropped -61.15% vs FEATX's -60.97%.

Which has better risk-adjusted returns?

FEATX currently has the higher Sharpe Ratio (3.73 vs 3.69), 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.