FHKFX vs. FZAEX
Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX).
FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. FZAEX is managed by Fidelity. It was launched on Aug 13, 2013.
Performance
FHKFX vs. FZAEX - Performance Comparison
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FHKFX vs. FZAEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 8.52% | 38.51% | 5.42% | 12.10% | -24.50% | -4.15% | 17.85% | 9.64% | -8.52% |
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% | -12.27% |
Returns By Period
In the year-to-date period, FHKFX achieves a 8.52% return, which is significantly higher than FZAEX's 5.90% return.
FHKFX
- 1D
- 1.03%
- 1M
- -1.92%
- YTD
- 8.52%
- 6M
- 11.03%
- 1Y
- 42.12%
- 3Y*
- 18.99%
- 5Y*
- 4.21%
- 10Y*
- —
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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FHKFX vs. FZAEX - Expense Ratio Comparison
FHKFX has a 0.01% expense ratio, which is lower than FZAEX's 0.90% expense ratio.
Return for Risk
FHKFX vs. FZAEX — Risk / Return Rank
FHKFX
FZAEX
FHKFX vs. FZAEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) 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.
| FHKFX | FZAEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 2.09 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.62 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.92 | +0.50 |
Martin ratioReturn relative to average drawdown | 12.50 | 10.95 | +1.55 |
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
| FHKFX | FZAEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.09 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.31 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.50 | -0.21 |
Correlation
The correlation between FHKFX and FZAEX is 0.95, 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
FHKFX vs. FZAEX - Dividend Comparison
FHKFX's dividend yield for the trailing twelve months is around 2.19%, more than FZAEX's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKFX Fidelity Series Emerging Markets Fund | 2.19% | 2.38% | 2.86% | 2.43% | 2.56% | 3.46% | 1.38% | 2.28% | 0.42% | 0.00% | 0.00% | 0.00% |
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
FHKFX vs. FZAEX - Drawdown Comparison
The maximum FHKFX drawdown since its inception was -45.47%, which is greater than FZAEX's maximum drawdown of -41.73%. Use the drawdown chart below to compare losses from any high point for FHKFX and FZAEX.
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Drawdown Indicators
| FHKFX | FZAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -41.73% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -13.71% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -40.39% | -1.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.73% | — |
Current DrawdownCurrent decline from peak | -8.74% | -9.48% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -17.57% | -12.53% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.65% | -0.22% |
Volatility
FHKFX vs. FZAEX - Volatility Comparison
Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 9.11% compared to Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) at 8.44%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier 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
| FHKFX | FZAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 8.44% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 13.53% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 18.67% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 18.53% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 18.59% | +0.98% |