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FIQPX vs. FEAAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FIQPX vs. FEAAX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX).

FIQPX is managed by Fidelity. It was launched on Oct 2, 2018. FEAAX is managed by Fidelity. It was launched on Mar 25, 1994.

Performance

FIQPX vs. FEAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX). The values are adjusted to include any dividend payments, if applicable.

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FIQPX vs. FEAAX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FIQPX
Fidelity Advisor Emerging Asia Fund Class Z		3.73%37.22%21.13%13.98%-30.50%-14.73%73.23%31.17%0.71%
FEAAX
Fidelity Advisor Emerging Asia Fund Class A		3.63%36.67%20.63%13.50%-30.79%-15.06%72.51%30.64%0.64%

Returns By Period

The year-to-date returns for both stocks are quite close, with FIQPX having a 3.73% return and FEAAX slightly lower at 3.63%.

FIQPX

1D
2.76%
1M
-9.31%
YTD
3.73%
6M
4.21%
1Y
36.92%
3Y*
22.09%
5Y*
2.61%
10Y*
—

FEAAX

1D
2.76%
1M
-9.35%
YTD
3.63%
6M
3.99%
1Y
36.35%
3Y*
21.59%
5Y*
2.20%
10Y*
12.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Advisor Emerging Asia Fund Class Z

Fidelity Advisor Emerging Asia Fund Class A

Often compared with FIQPX:
FIQPX vs. FSEAXFIQPX vs. ETGIXFIQPX vs. FERIXFIQPX vs. MGSEXFIQPX vs. VPKIXFIQPX vs. MSAQXFIQPX vs. MASGX
Often compared with FEAAX:
FEAAX vs. FERIXFEAAX vs. FPBFXFEAAX vs. PAAOXFEAAX vs. VPKIXFEAAX vs. ASIAXFEAAX vs. IASMXFEAAX vs. MATFX

FIQPX vs. FEAAX - Expense Ratio Comparison

FIQPX has a 0.81% expense ratio, which is lower than FEAAX's 1.20% expense ratio.

FEAAX
Fidelity Advisor Emerging Asia Fund Class A
FIQPX
Fidelity Advisor Emerging Asia Fund Class Z

Return for Risk

FIQPX vs. FEAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIQPX
FIQPX Risk / Return Rank: 8787
Overall Rank
FIQPX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FIQPX Sortino Ratio Rank: 8686
Sortino Ratio Rank
FIQPX Omega Ratio Rank: 8484
Omega Ratio Rank
FIQPX Calmar Ratio Rank: 9090
Calmar Ratio Rank
FIQPX Martin Ratio Rank: 8686
Martin Ratio Rank
FEAAX
FEAAX Risk / Return Rank: 8686
Overall Rank
FEAAX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FEAAX Sortino Ratio Rank: 8686
Sortino Ratio Rank
FEAAX Omega Ratio Rank: 8383
Omega Ratio Rank
FEAAX Calmar Ratio Rank: 9090
Calmar Ratio Rank
FEAAX Martin Ratio Rank: 8686
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.

FIQPX vs. FEAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX). 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.

FIQPXFEAAXDifference

Sharpe ratio

Return per unit of total volatility

1.88

1.85

+0.03

Sortino ratio

Return per unit of downside risk

2.44

2.41

+0.03

Omega ratio

Gain probability vs. loss probability

1.36

1.35

0.00

Calmar ratio

Return relative to maximum drawdown

2.74

2.69

+0.05

Martin ratio

Return relative to average drawdown

9.79

9.59

+0.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIQPX vs. FEAAX - Sharpe Ratio Comparison

The current FIQPX Sharpe Ratio is 1.88, which is comparable to the FEAAX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FIQPX and FEAAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FIQPXFEAAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

1.85

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

0.10

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.35

+0.26

Correlation

The correlation between FIQPX and FEAAX is 1.00, 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

FIQPX vs. FEAAX - Dividend Comparison

Neither FIQPX nor FEAAX has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
FIQPX
Fidelity Advisor Emerging Asia Fund Class Z		0.00%0.00%0.00%0.00%0.01%12.82%6.63%5.47%6.97%0.00%0.00%0.00%
FEAAX
Fidelity Advisor Emerging Asia Fund Class A		0.00%0.00%0.00%0.00%0.00%12.88%6.62%5.21%6.49%0.03%1.10%0.84%

Drawdowns

FIQPX vs. FEAAX - Drawdown Comparison

The maximum FIQPX drawdown since its inception was -57.62%, smaller than the maximum FEAAX drawdown of -60.87%. Use the drawdown chart below to compare losses from any high point for FIQPX and FEAAX.

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Drawdown Indicators

FIQPXFEAAXDifference

Max Drawdown

Largest peak-to-trough decline

-57.62%

-60.87%

+3.25%

Max Drawdown (1Y)

Largest decline over 1 year

-13.52%

-13.56%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-53.21%

-53.46%

+0.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.90%

—

Current Drawdown

Current decline from peak

-11.13%

-11.17%

+0.04%

Average Drawdown

Average peak-to-trough decline

-22.55%

-20.29%

-2.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

3.81%

-0.02%

Volatility

FIQPX vs. FEAAX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and Fidelity Advisor Emerging Asia Fund Class A (FEAAX) have volatilities of 10.19% and 10.18%, 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

FIQPXFEAAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.19%

10.18%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

14.86%

14.85%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

20.46%

20.43%

+0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.60%

22.58%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.87%

20.72%

+2.15%