FSEAX vs. FIQPX
FSEAX (Fidelity Emerging Asia Fund) and FIQPX (Fidelity Advisor Emerging Asia Fund Class Z) are both Asia Pacific Equities funds from Fidelity. Over the past 5 years, FSEAX returned 7.81%/yr vs 8.13%/yr for FIQPX. With a 1.00 correlation, they move nearly in lockstep. FSEAX charges 1.02%/yr vs 0.81%/yr for FIQPX.
Performance
FSEAX vs. FIQPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FSEAX having a 33.92% return and FIQPX slightly higher at 34.15%.
FSEAX
- 1D
- 0.03%
- 1M
- 1.07%
- 6M
- 25.79%
- YTD
- 33.92%
- 1Y
- 56.66%
- 3Y*
- 32.61%
- 5Y*
- 7.81%
- 10Y*
- 15.18%
FIQPX
- 1D
- 0.02%
- 1M
- 0.99%
- 6M
- 25.94%
- YTD
- 34.15%
- 1Y
- 57.34%
- 3Y*
- 32.76%
- 5Y*
- 8.13%
- 10Y*
- —
FSEAX vs. FIQPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSEAX Fidelity Emerging Asia Fund | 33.92% | 36.43% | 21.80% | 13.58% | -31.26% | -14.91% | 73.43% | 30.97% | -0.03% |
FIQPX Fidelity Advisor Emerging Asia Fund Class Z | 34.15% | 37.22% | 21.13% | 13.98% | -30.50% | -14.73% | 73.23% | 31.17% | 0.71% |
Correlation
The correlation between FSEAX and FIQPX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 1.00 |
The correlation between FSEAX and FIQPX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FSEAX vs. FIQPX — Risk / Return Rank
FSEAX
FIQPX
FSEAX vs. FIQPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Asia Fund (FSEAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSEAX | FIQPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.27 | -0.02 |
| Martin ratioReturn relative to average drawdown | 14.10 | 14.08 | +0.02 |
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Drawdowns
FSEAX vs. FIQPX - Drawdown Comparison
The maximum FSEAX drawdown since its inception was -65.59%, which is greater than FIQPX's maximum drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for FSEAX and FIQPX.
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Drawdown Indicators
| FSEAX | FIQPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -57.62% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -13.52% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -17.18% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -51.83% | -51.39% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -58.07% | — | — |
Current DrawdownCurrent decline from peak | -5.19% | -5.32% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -24.62% | -21.85% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 4.09% | -0.06% |
Volatility
FSEAX vs. FIQPX - Volatility Comparison
Fidelity Emerging Asia Fund (FSEAX) and Fidelity Advisor Emerging Asia Fund Class Z (FIQPX) have volatilities of 11.28% and 11.36%, 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
| FSEAX | FIQPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.28% | 11.36% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 21.53% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.62% | 23.91% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 23.65% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 23.36% | -1.99% |
FSEAX vs. FIQPX - Expense Ratio Comparison
FSEAX has a 1.02% expense ratio, which is higher than FIQPX's 0.81% expense ratio.
Dividends
FSEAX vs. FIQPX - Dividend Comparison
FSEAX's dividend yield for the trailing twelve months is around 0.16%, while FIQPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSEAX Fidelity Emerging Asia Fund | 0.16% | 0.22% | 0.00% | 0.08% | 0.00% | 14.14% | 14.10% | 6.15% | 3.44% | 0.05% | 1.26% | 0.44% |
Frequently Asked Questions
With a correlation of 1.00, FSEAX and FIQPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIQPX has higher volatility (11.36%) compared to FSEAX (11.28%). In terms of maximum drawdown, FSEAX dropped -65.59% vs FIQPX's -57.62%.
FIQPX currently has the higher Sharpe Ratio (2.41 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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