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FKEMX vs. FZAEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FKEMX and FZAEX is 0.96, 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.


-0.50.00.51.01.0

Performance

FKEMX vs. FZAEX - Performance Comparison

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

60.00%70.00%80.00%90.00%100.00%110.00%AugustSeptemberOctoberNovemberDecember2025
98.87%
72.55%
FKEMX
FZAEX

Key characteristics

Sharpe Ratio

FKEMX:

0.88

FZAEX:

1.15

Sortino Ratio

FKEMX:

1.35

FZAEX:

1.73

Omega Ratio

FKEMX:

1.16

FZAEX:

1.21

Calmar Ratio

FKEMX:

0.44

FZAEX:

0.58

Martin Ratio

FKEMX:

3.24

FZAEX:

3.30

Ulcer Index

FKEMX:

4.21%

FZAEX:

5.57%

Daily Std Dev

FKEMX:

15.53%

FZAEX:

16.02%

Max Drawdown

FKEMX:

-69.07%

FZAEX:

-43.60%

Current Drawdown

FKEMX:

-21.77%

FZAEX:

-20.14%

Returns By Period

In the year-to-date period, FKEMX achieves a 1.47% return, which is significantly higher than FZAEX's 0.46% return. Over the past 10 years, FKEMX has outperformed FZAEX with an annualized return of 5.64%, while FZAEX has yielded a comparatively lower 4.13% annualized return.


FKEMX

YTD

1.47%

1M

0.29%

6M

-1.57%

1Y

11.42%

5Y*

2.14%

10Y*

5.64%

FZAEX

YTD

0.46%

1M

-0.45%

6M

-0.27%

1Y

15.87%

5Y*

2.22%

10Y*

4.13%

*Annualized

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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.


FZAEX
Fidelity Advisor Focused Emerging Markets Fund Class Z
Expense ratio chart for FZAEX: current value at 0.90% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.90%
Expense ratio chart for FKEMX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%

Risk-Adjusted Performance

FKEMX vs. FZAEX — Risk-Adjusted Performance Rank

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

FKEMX
The Risk-Adjusted Performance Rank of FKEMX is 4040
Overall Rank
The Sharpe Ratio Rank of FKEMX is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of FKEMX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of FKEMX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of FKEMX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of FKEMX is 4141
Martin Ratio Rank

FZAEX
The Risk-Adjusted Performance Rank of FZAEX is 5050
Overall Rank
The Sharpe Ratio Rank of FZAEX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of FZAEX is 5959
Sortino Ratio Rank
The Omega Ratio Rank of FZAEX is 5252
Omega Ratio Rank
The Calmar Ratio Rank of FZAEX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of FZAEX is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for FKEMX, currently valued at 0.88, compared to the broader market-1.000.001.002.003.004.000.881.15
The chart of Sortino ratio for FKEMX, currently valued at 1.35, compared to the broader market0.005.0010.001.351.73
The chart of Omega ratio for FKEMX, currently valued at 1.16, compared to the broader market1.002.003.004.001.161.21
The chart of Calmar ratio for FKEMX, currently valued at 0.44, compared to the broader market0.005.0010.0015.0020.000.440.58
The chart of Martin ratio for FKEMX, currently valued at 3.24, compared to the broader market0.0020.0040.0060.0080.003.243.30
FKEMX
FZAEX

The current FKEMX Sharpe Ratio is 0.88, which is comparable to the FZAEX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of FKEMX and FZAEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
0.88
1.15
FKEMX
FZAEX

Dividends

FKEMX vs. FZAEX - Dividend Comparison

FKEMX's dividend yield for the trailing twelve months is around 0.77%, less than FZAEX's 1.35% yield.


TTM20242023202220212020201920182017201620152014
FKEMX
Fidelity Emerging Markets K
0.77%0.78%1.24%0.89%1.23%0.27%1.85%0.99%0.61%0.84%1.40%1.71%
FZAEX
Fidelity Advisor Focused Emerging Markets Fund Class Z
1.35%1.36%1.69%1.23%2.03%0.54%0.77%0.75%0.51%0.63%0.69%1.42%

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 -43.60%. Use the drawdown chart below to compare losses from any high point for FKEMX and FZAEX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%AugustSeptemberOctoberNovemberDecember2025
-21.77%
-20.14%
FKEMX
FZAEX

Volatility

FKEMX vs. FZAEX - Volatility Comparison

Fidelity Emerging Markets K (FKEMX) has a higher volatility of 4.49% compared to Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) at 3.45%. This indicates that FKEMX'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.


3.00%4.00%5.00%6.00%7.00%8.00%AugustSeptemberOctoberNovemberDecember2025
4.49%
3.45%
FKEMX
FZAEX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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