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FPBFX vs. FIQPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FPBFX vs. FIQPX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Pacific Basin Fund (FPBFX) and Fidelity Advisor Emerging Asia Fund Class Z (FIQPX).

FPBFX is managed by Fidelity. It was launched on Oct 1, 1986. FIQPX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

FPBFX vs. FIQPX - Performance Comparison

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

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FPBFX vs. FIQPX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FPBFX
Fidelity Pacific Basin Fund		4.80%37.15%9.26%14.07%-23.71%2.28%32.92%32.21%-5.97%
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%

Returns By Period

In the year-to-date period, FPBFX achieves a 4.80% return, which is significantly higher than FIQPX's 3.73% return.

FPBFX

1D
4.02%
1M
-6.88%
YTD
4.80%
6M
4.92%
1Y
38.92%
3Y*
17.67%
5Y*
6.30%
10Y*
11.36%

FIQPX

1D
2.76%
1M
-9.31%
YTD
3.73%
6M
4.21%
1Y
36.92%
3Y*
22.09%
5Y*
2.61%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Pacific Basin Fund

Fidelity Advisor Emerging Asia Fund Class Z

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Often compared with FIQPX:
FIQPX vs. FSEAXFIQPX vs. ETGIXFIQPX vs. FERIXFIQPX vs. MGSEXFIQPX vs. MSAQXFIQPX vs. VPKIXFIQPX vs. MASGX

FPBFX vs. FIQPX - Expense Ratio Comparison

FPBFX has a 1.04% expense ratio, which is higher than FIQPX's 0.81% expense ratio.

FPBFX
Fidelity Pacific Basin Fund
FIQPX
Fidelity Advisor Emerging Asia Fund Class Z

Return for Risk

FPBFX vs. FIQPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FPBFX
FPBFX Risk / Return Rank: 8989
Overall Rank
FPBFX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
FPBFX Sortino Ratio Rank: 8787
Sortino Ratio Rank
FPBFX Omega Ratio Rank: 8484
Omega Ratio Rank
FPBFX Calmar Ratio Rank: 9292
Calmar Ratio Rank
FPBFX Martin Ratio Rank: 9191
Martin Ratio Rank
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
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.

FPBFX vs. FIQPX - Risk-Adjusted Trends Comparison

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

FPBFXFIQPXDifference

Sharpe ratio

Return per unit of total volatility

1.84

1.88

-0.04

Sortino ratio

Return per unit of downside risk

2.40

2.44

-0.05

Omega ratio

Gain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratio

Return relative to maximum drawdown

2.87

2.74

+0.12

Martin ratio

Return relative to average drawdown

10.85

9.79

+1.06

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

FPBFX vs. FIQPX - Sharpe Ratio Comparison

The current FPBFX Sharpe Ratio is 1.84, which is comparable to the FIQPX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FPBFX and FIQPX, 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

FPBFXFIQPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

1.88

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.12

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.62

-0.20

Correlation

The correlation between FPBFX and FIQPX is 0.89, 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

FPBFX vs. FIQPX - Dividend Comparison

FPBFX's dividend yield for the trailing twelve months is around 7.82%, while FIQPX has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
FPBFX
Fidelity Pacific Basin Fund		7.82%8.19%5.99%5.36%8.76%14.97%4.45%0.75%10.88%4.36%2.38%3.61%
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%

Drawdowns

FPBFX vs. FIQPX - Drawdown Comparison

The maximum FPBFX drawdown since its inception was -69.06%, which is greater than FIQPX's maximum drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for FPBFX and FIQPX.

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Drawdown Indicators

FPBFXFIQPXDifference

Max Drawdown

Largest peak-to-trough decline

-69.06%

-57.62%

-11.44%

Max Drawdown (1Y)

Largest decline over 1 year

-13.21%

-13.52%

+0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-37.97%

-53.21%

+15.24%

Max Drawdown (10Y)

Largest decline over 10 years

-39.85%

—

—

Current Drawdown

Current decline from peak

-8.72%

-11.13%

+2.41%

Average Drawdown

Average peak-to-trough decline

-17.65%

-22.55%

+4.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

3.79%

-0.30%

Volatility

FPBFX vs. FIQPX - Volatility Comparison

Fidelity Pacific Basin Fund (FPBFX) and Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) have volatilities of 10.35% and 10.19%, 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

FPBFXFIQPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.35%

10.19%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

16.09%

14.86%

+1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

21.62%

20.46%

+1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.80%

22.60%

-3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.50%

22.87%

-5.37%