FSZZX vs. EFEIX
FSZZX (Fidelity Sustainable Emerging Markets Equity Fund) and EFEIX (Ashmore Emerging Markets Frontier Equity Fund) are both Emerging Markets Equities funds. Over the past 3 years, FSZZX returned 19.90%/yr vs 15.27%/yr for EFEIX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FSZZX charges 1.15%/yr vs 1.52%/yr for EFEIX.
Performance
FSZZX vs. EFEIX - Performance Comparison
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Returns By Period
In the year-to-date period, FSZZX achieves a 19.20% return, which is significantly higher than EFEIX's 4.39% return.
FSZZX
- 1D
- 3.76%
- 1M
- -3.09%
- 6M
- 9.06%
- YTD
- 19.20%
- 1Y
- 39.43%
- 3Y*
- 19.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.80%
EFEIX
- 1D
- 2.27%
- 1M
- 0.72%
- 6M
- -0.82%
- YTD
- 4.39%
- 1Y
- 11.43%
- 3Y*
- 15.27%
- 5Y*
- 9.09%
- 10Y*
- 7.09%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSZZX vs. EFEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSZZX Fidelity Sustainable Emerging Markets Equity Fund | 19.20% | 39.03% | 6.12% | 11.47% | -22.70% |
EFEIX Ashmore Emerging Markets Frontier Equity Fund | 4.39% | 20.69% | 24.12% | 10.60% | -15.91% |
Correlation
The correlation between FSZZX and EFEIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.52 |
The correlation between FSZZX and EFEIX has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
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Return for Risk
FSZZX vs. EFEIX — Risk / Return Rank
FSZZX
EFEIX
FSZZX vs. EFEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) and Ashmore Emerging Markets Frontier Equity Fund (EFEIX). 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.
| FSZZX | EFEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.91 | +1.84 |
| Martin ratioReturn relative to average drawdown | 8.23 | 2.47 | +5.76 |
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Drawdowns
FSZZX vs. EFEIX - Drawdown Comparison
The maximum FSZZX drawdown since its inception was -33.67%, smaller than the maximum EFEIX drawdown of -40.50%. Use the drawdown chart below to compare losses from any high point for FSZZX and EFEIX.
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Drawdown Indicators
| FSZZX | EFEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -40.50% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -11.62% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -11.62% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.50% | — |
Current DrawdownCurrent decline from peak | -10.37% | -3.07% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -12.18% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 4.25% | +0.28% |
Volatility
FSZZX vs. EFEIX - Volatility Comparison
Fidelity Sustainable Emerging Markets Equity Fund (FSZZX) has a higher volatility of 8.92% compared to Ashmore Emerging Markets Frontier Equity Fund (EFEIX) at 3.59%. This indicates that FSZZX's price experiences larger fluctuations and is considered to be riskier than EFEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSZZX | EFEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 3.59% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 10.69% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.58% | 12.35% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 10.11% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 11.03% | +9.76% |
FSZZX vs. EFEIX - Expense Ratio Comparison
FSZZX has a 1.15% expense ratio, which is lower than EFEIX's 1.52% expense ratio.
Dividends
FSZZX vs. EFEIX - Dividend Comparison
FSZZX's dividend yield for the trailing twelve months is around 0.86%, less than EFEIX's 10.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EFEIX Ashmore Emerging Markets Frontier Equity Fund | 10.51% | 11.69% | 2.15% | 2.26% | 0.17% | 1.61% | 0.96% | 1.63% | 1.44% | 0.88% | 0.38% |
FSZZX Fidelity Sustainable Emerging Markets Equity Fund | 0.86% | 1.02% | 1.48% | 1.74% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSZZX and EFEIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSZZX has higher volatility (8.92%) compared to EFEIX (3.59%). In terms of maximum drawdown, FSZZX dropped -33.67% vs EFEIX's -40.50%.
FSZZX currently has the higher Sharpe Ratio (1.58 vs 0.85), 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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