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FIQGX vs. EAD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIQGX vs. EAD

Last updated Jul 18, 2026
Documentation

FIQGX (Fidelity Advisor Emerging Markets Discovery Fund Class Z) and EAD (Emerging Markets Dividend Fund) are both Emerging Markets Equities funds. Over the past 5 years, FIQGX returned 8.48%/yr vs 2.99%/yr for EAD. At a 0.42 correlation, their price movements are largely independent. FIQGX charges 1.05%/yr vs 0.04%/yr for EAD.

Performance

FIQGX vs. EAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) and Emerging Markets Dividend Fund (EAD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FIQGX achieves a 17.36% return, which is significantly higher than EAD's -0.59% return.

FIQGX

1D
-0.71%
1M
-2.09%
6M
12.61%
YTD
17.36%
1Y
29.06%
3Y*
15.95%
5Y*
8.48%
10Y*
—

EAD

1D
-0.62%
1M
0.51%
6M
-1.66%
YTD
-0.59%
1Y
-1.20%
3Y*
9.31%
5Y*
2.99%
10Y*
6.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIQGX vs. EAD - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		17.36%31.96%-3.54%20.94%-11.74%6.86%17.11%19.81%-1.18%
EAD
Emerging Markets Dividend Fund		-0.59%8.05%15.86%11.94%-23.08%21.62%6.35%27.22%-5.46%

Correlation

The correlation between FIQGX and EAD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Advisor Emerging Markets Discovery Fund Class Z

Emerging Markets Dividend Fund

Often compared with FIQGX:
FIQGX vs. PZIEXFIQGX vs. JEMWXFIQGX vs. FEDAXFIQGX vs. CNWIXFIQGX vs. FAMKXFIQGX vs. FEDDXFIQGX vs. VEMAX
Often compared with EAD:
EAD vs. ERCEAD vs. KFEAD vs. IFNEAD vs. CNWIXEAD vs. FEDIXEAD vs. FGKPXEAD vs. SIVLX

Return for Risk

FIQGX vs. EAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIQGX
FIQGX Risk / Return Rank: 7575
Overall Rank
FIQGX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
FIQGX Sortino Ratio Rank: 7070
Sortino Ratio Rank
FIQGX Omega Ratio Rank: 7373
Omega Ratio Rank
FIQGX Calmar Ratio Rank: 8282
Calmar Ratio Rank
FIQGX Martin Ratio Rank: 7575
Martin Ratio Rank
EAD
EAD Risk / Return Rank: 22
Overall Rank
EAD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
EAD Sortino Ratio Rank: 22
Sortino Ratio Rank
EAD Omega Ratio Rank: 22
Omega Ratio Rank
EAD Calmar Ratio Rank: 22
Calmar Ratio Rank
EAD Martin Ratio Rank: 22
Martin Ratio Rank
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.

FIQGX vs. EAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) and Emerging Markets Dividend Fund (EAD). 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.

FIQGXEADDifference
Sharpe ratioReturn per unit of total volatility
2.04
-0.13

+2.17

Sortino ratioReturn per unit of downside risk
2.71
-0.12

+2.83

Omega ratioGain probability vs. loss probability

1.37

0.99

+0.38

Calmar ratioReturn relative to maximum drawdown

3.15

-0.15

+3.29

Martin ratioReturn relative to average drawdown

11.11

-0.53

+11.64

FIQGX vs. EAD - Sharpe Ratio Comparison

The current FIQGX Sharpe Ratio is 2.04, which is higher than the EAD Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of FIQGX and EAD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FIQGX vs. EAD - Drawdown Comparison

The maximum FIQGX drawdown since its inception was -38.41%, smaller than the maximum EAD drawdown of -67.37%. Use the drawdown chart below to compare losses from any high point for FIQGX and EAD.

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Drawdown Indicators

FIQGXEADDifference

Max Drawdown

Largest peak-to-trough decline

-38.41%

-67.37%

+28.96%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-8.16%

-1.39%

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

-12.65%

-4.61%

Max Drawdown (5Y)

Largest decline over 5 years

-27.36%

-29.44%

+2.08%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.54%

—

Current Drawdown

Current decline from peak

-4.13%

-3.27%

-0.86%

Average Drawdown

Average peak-to-trough decline

-6.84%

-7.13%

+0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.28%

+0.42%

Volatility

FIQGX vs. EAD - Volatility Comparison

Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) has a higher volatility of 5.52% compared to Emerging Markets Dividend Fund (EAD) at 2.15%. This indicates that FIQGX's price experiences larger fluctuations and is considered to be riskier than EAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIQGXEADDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.52%

2.15%

+3.37%

Volatility (6M)

Calculated over the trailing 6-month period

12.68%

7.57%

+5.11%

Volatility (1Y)

Calculated over the trailing 1-year period

14.70%

9.41%

+5.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.40%

13.60%

+0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.83%

16.11%

+0.72%

FIQGX vs. EAD - Expense Ratio Comparison

FIQGX has a 1.05% expense ratio, which is higher than EAD's 0.04% expense ratio.

Dividends

FIQGX vs. EAD - Dividend Comparison

FIQGX's dividend yield for the trailing twelve months is around 4.15%, less than EAD's 10.07% yield.

PositionTTM20252024202320222021202020192018201720162015
EAD
Emerging Markets Dividend Fund		10.07%9.47%9.08%9.07%10.97%7.59%8.51%8.44%9.11%8.58%9.62%10.95%
FIQGX
Fidelity Advisor Emerging Markets Discovery Fund Class Z		4.15%4.87%4.07%2.20%1.86%12.04%0.71%1.22%2.16%0.00%0.00%0.00%

Frequently Asked Questions

FIQGX and EAD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FIQGX has higher volatility (5.52%) compared to EAD (2.15%). In terms of maximum drawdown, FIQGX dropped -38.41% vs EAD's -67.37%.

FIQGX currently has the higher Sharpe Ratio (2.04 vs -0.13), 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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