FERIX vs. FSEAX
FERIX (Fidelity Advisor Emerging Asia Fund Class I) and FSEAX (Fidelity Emerging Asia Fund) are both Asia Pacific Equities funds from Fidelity. Over the past 10 years, FERIX returned 14.03%/yr vs 13.85%/yr for FSEAX. Their correlation of 0.89 means they have usually moved in the same direction. FERIX charges 0.94%/yr vs 1.03%/yr for FSEAX.
Performance
FERIX vs. FSEAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FERIX having a 23.67% return and FSEAX slightly lower at 23.64%. Both investments have delivered pretty close results over the past 10 years, with FERIX having a 14.03% annualized return and FSEAX not far behind at 13.85%.
FERIX
- 1D
- 3.45%
- 1M
- -6.68%
- 6M
- 13.37%
- YTD
- 23.67%
- 1Y
- 42.70%
- 3Y*
- 27.32%
- 5Y*
- 7.86%
- 10Y*
- 14.03%
- ALL TIME*
- 8.52%
FSEAX
- 1D
- 3.37%
- 1M
- -6.52%
- 6M
- 13.54%
- YTD
- 23.64%
- 1Y
- 42.33%
- 3Y*
- 27.40%
- 5Y*
- 7.64%
- 10Y*
- 13.85%
- ALL TIME*
- 8.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FERIX vs. FSEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FERIX Fidelity Advisor Emerging Asia Fund Class I | 23.67% | 37.04% | 20.95% | 13.84% | -30.60% | -14.83% | 72.97% | 31.02% | -14.87% | 45.94% |
FSEAX Fidelity Emerging Asia Fund | 23.64% | 36.43% | 21.80% | 13.58% | -31.26% | -14.91% | 73.43% | 30.97% | -15.08% | 45.13% |
Correlation
The correlation between FERIX and FSEAX 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 Mar 31, 1994 | 0.89 |
The correlation between FERIX and FSEAX shifts across timeframes, from 0.89 (all time) to 1.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FERIX vs. FSEAX — Risk / Return Rank
FERIX
FSEAX
FERIX vs. FSEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class I (FERIX) and Fidelity Emerging Asia Fund (FSEAX). 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.
| FERIX | FSEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.57 | -0.02 |
| Martin ratioReturn relative to average drawdown | 8.31 | 8.36 | -0.05 |
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Drawdowns
FERIX vs. FSEAX - Drawdown Comparison
The maximum FERIX drawdown since its inception was -60.82%, smaller than the maximum FSEAX drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for FERIX and FSEAX.
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Drawdown Indicators
| FERIX | FSEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -65.59% | +4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -15.33% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -17.54% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -50.98% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -57.71% | -58.07% | +0.36% |
Current DrawdownCurrent decline from peak | -12.67% | -12.47% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -18.07% | -24.59% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 4.71% | +0.07% |
Volatility
FERIX vs. FSEAX - Volatility Comparison
Fidelity Advisor Emerging Asia Fund Class I (FERIX) and Fidelity Emerging Asia Fund (FSEAX) have volatilities of 9.96% and 9.87%, 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.
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Volatility by Period
| FERIX | FSEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 9.87% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.06% | 22.75% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 25.08% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 23.69% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 21.53% | -0.03% |
FERIX vs. FSEAX - Expense Ratio Comparison
FERIX has a 0.94% expense ratio, which is lower than FSEAX's 1.03% expense ratio.
Dividends
FERIX vs. FSEAX - Dividend Comparison
FERIX has not paid dividends to shareholders, while FSEAX's dividend yield for the trailing twelve months is around 0.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FERIX Fidelity Advisor Emerging Asia Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 12.49% | 6.58% | 5.30% | 6.70% | 0.03% | 1.29% | 0.82% |
FSEAX Fidelity Emerging Asia Fund | 0.17% | 0.22% | 0.00% | 0.08% | 0.00% | 14.14% | 14.10% | 6.15% | 3.44% | 0.05% | 1.26% | 0.44% |
Frequently Asked Questions
With a correlation of 1.00, FERIX and FSEAX 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.
FERIX has higher volatility (9.96%) compared to FSEAX (9.87%). In terms of maximum drawdown, FERIX dropped -60.82% vs FSEAX's -65.59%.
FSEAX currently has the higher Sharpe Ratio (1.57 vs 1.57), 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.
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