FIQPX vs. TWN

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and The Taiwan Fund Inc. (TWN).

FIQPX is managed by Fidelity. It was launched on Oct 2, 2018. TWN is managed by Nomura Asset Management.

Performance

FIQPX vs. TWN - Performance Comparison

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

FIQPX vs. TWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
TWN The Taiwan Fund Inc.	22.18%	54.11%	32.76%	51.73%	-38.54%	58.14%	40.71%	47.00%	-1.09%

Returns By Period

In the year-to-date period, FIQPX achieves a 3.73% return, which is significantly lower than TWN's 22.18% return.

FIQPX

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

TWN

• 1D: -0.79%
• 1M: -0.81%
• YTD: 22.18%
• 6M: 32.85%
• 1Y: 119.08%
• 3Y*: 48.10%
• 5Y*: 27.10%
• 10Y*: 24.03%

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

FIQPX vs. TWN - Expense Ratio Comparison

FIQPX

Fidelity Advisor Emerging Asia Fund Class Z

Return for Risk

FIQPX vs. TWN — Risk / Return Rank

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

FIQPX

FIQPX Risk / Return Rank: 87
FIQPX Sharpe Ratio Rank: 88
FIQPX Sortino Ratio Rank: 86
FIQPX Omega Ratio Rank: 84
FIQPX Calmar Ratio Rank: 90
FIQPX Martin Ratio Rank: 86

TWN

TWN Risk / Return Rank: 99
TWN Sharpe Ratio Rank: 100
TWN Sortino Ratio Rank: 98
TWN Omega Ratio Rank: 97
TWN Calmar Ratio Rank: 99
TWN Martin Ratio Rank: 99

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. TWN - Risk-Adjusted Trends Comparison

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

	FIQPX	TWN	Difference
Sharpe ratio Return per unit of total volatility	1.88	4.58	-2.70
Sortino ratio Return per unit of downside risk	2.44	4.92	-2.47
Omega ratio Gain probability vs. loss probability	1.36	1.71	-0.35
Calmar ratio Return relative to maximum drawdown	2.74	7.12	-4.38
Martin ratio Return relative to average drawdown	9.79	33.43	-23.64
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. TWN - Sharpe Ratio Comparison

The current FIQPX Sharpe Ratio is 1.88, which is lower than the TWN Sharpe Ratio of 4.58. The chart below compares the historical Sharpe Ratios of FIQPX and TWN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIQPX	TWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	4.58	-2.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	1.17	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.20	+0.42

Correlation

The correlation between FIQPX and TWN is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FIQPX vs. TWN - Dividend Comparison

FIQPX has not paid dividends to shareholders, while TWN's dividend yield for the trailing twelve months is around 9.51%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TWN The Taiwan Fund Inc.	9.51%	11.62%	19.14%	1.26%	0.00%	7.78%	12.91%	8.26%	11.27%	3.16%

Drawdowns

FIQPX vs. TWN - Drawdown Comparison

The maximum FIQPX drawdown since its inception was -57.62%, smaller than the maximum TWN drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for FIQPX and TWN.

Drawdown Indicators

	FIQPX	TWN	Difference
Max Drawdown Largest peak-to-trough decline	-57.62%	-79.52%	+21.90%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-16.51%	+2.99%
Max Drawdown (5Y) Largest decline over 5 years	-53.21%	-51.72%	-1.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.72%	—
Current Drawdown Current decline from peak	-11.13%	-1.23%	-9.90%
Average Drawdown Average peak-to-trough decline	-22.55%	-37.57%	+15.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	3.56%	+0.23%

Volatility

FIQPX vs. TWN - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) and The Taiwan Fund Inc. (TWN) have volatilities of 10.19% and 10.26%, 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

	FIQPX	TWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	10.26%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	14.86%	17.86%	-3.00%
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	26.15%	-5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.60%	23.27%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	21.93%	+0.94%