FKEMX vs. FZAEX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. FZAEX is managed by Fidelity. It was launched on Aug 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKEMX or FZAEX.
Key characteristics
| FKEMX | FZAEX | |
|---|---|---|
| YTD Return | 8.78% | 12.30% |
| 1Y Return | 18.08% | 19.36% |
| 3Y Return (Ann) | -3.03% | -2.99% |
| 5Y Return (Ann) | 7.81% | 7.53% |
| 10Y Return (Ann) | 6.27% | 6.04% |
| Sharpe Ratio | 1.28 | 1.25 |
| Daily Std Dev | 13.65% | 15.05% |
| Max Drawdown | -69.07% | -41.73% |
| Current Drawdown | -17.97% | -15.72% |
Correlation
The correlation between FKEMX and FZAEX is 0.97, 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.
Performance
FKEMX vs. FZAEX - Performance Comparison
In the year-to-date period, FKEMX achieves a 8.78% return, which is significantly lower than FZAEX's 12.30% return. Both investments have delivered pretty close results over the past 10 years, with FKEMX having a 6.27% annualized return and FZAEX not far behind at 6.04%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FKEMX vs. FZAEX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than FZAEX's 0.90% expense ratio.
Risk-Adjusted Performance
FKEMX vs. FZAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) 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.
Dividends
FKEMX vs. FZAEX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 1.14%, less than FZAEX's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 1.14% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.69% | 0.84% | 0.70% | 1.67% | 0.16% |
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 1.50% | 1.69% | 1.23% | 5.35% | 2.23% | 11.13% | 0.78% | 0.61% | 0.63% | 0.34% | 1.42% | 1.49% |
Drawdowns
FKEMX vs. FZAEX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than FZAEX's maximum drawdown of -41.73%. Use the drawdown chart below to compare losses from any high point for FKEMX and FZAEX. For additional features, visit the drawdowns tool.
Volatility
FKEMX vs. FZAEX - Volatility Comparison
Fidelity Emerging Markets K (FKEMX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) have volatilities of 4.06% and 3.88%, 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.