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FZAEX vs. BSPGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FZAEX vs. BSPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and iShares S&P 500 Index Fund Class G (BSPGX). The values are adjusted to include any dividend payments, if applicable.

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FZAEX vs. BSPGX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
FZAEX
Fidelity Advisor Focused Emerging Markets Fund Class Z
0.94%40.25%9.43%8.60%-19.75%-2.50%30.63%6.97%
BSPGX
iShares S&P 500 Index Fund Class G
-7.06%17.85%24.96%26.27%-18.12%28.66%19.16%11.06%

Returns By Period

In the year-to-date period, FZAEX achieves a 0.94% return, which is significantly higher than BSPGX's -7.06% return.


FZAEX

1D
-0.97%
1M
-13.13%
YTD
0.94%
6M
6.61%
1Y
33.46%
3Y*
17.56%
5Y*
4.90%
10Y*
10.51%

BSPGX

1D
-0.39%
1M
-7.68%
YTD
-7.06%
6M
-4.62%
1Y
14.42%
3Y*
17.15%
5Y*
11.39%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FZAEX vs. BSPGX - Expense Ratio Comparison

FZAEX has a 0.90% expense ratio, which is higher than BSPGX's 0.01% expense ratio.


Return for Risk

FZAEX vs. BSPGX — Risk / Return Rank

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

FZAEX
FZAEX Risk / Return Rank: 8585
Overall Rank
FZAEX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FZAEX Sortino Ratio Rank: 8585
Sortino Ratio Rank
FZAEX Omega Ratio Rank: 8484
Omega Ratio Rank
FZAEX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FZAEX Martin Ratio Rank: 8383
Martin Ratio Rank

BSPGX
BSPGX Risk / Return Rank: 4444
Overall Rank
BSPGX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
BSPGX Sortino Ratio Rank: 4242
Sortino Ratio Rank
BSPGX Omega Ratio Rank: 4646
Omega Ratio Rank
BSPGX Calmar Ratio Rank: 4040
Calmar Ratio Rank
BSPGX Martin Ratio Rank: 5252
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.

FZAEX vs. BSPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and iShares S&P 500 Index Fund Class G (BSPGX). 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.


FZAEXBSPGXDifference

Sharpe ratio

Return per unit of total volatility

1.76

0.84

+0.92

Sortino ratio

Return per unit of downside risk

2.24

1.30

+0.95

Omega ratio

Gain probability vs. loss probability

1.34

1.20

+0.14

Calmar ratio

Return relative to maximum drawdown

2.17

1.06

+1.11

Martin ratio

Return relative to average drawdown

8.39

5.14

+3.25

FZAEX vs. BSPGX - Sharpe Ratio Comparison

The current FZAEX Sharpe Ratio is 1.76, which is higher than the BSPGX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of FZAEX and BSPGX, 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


FZAEXBSPGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

0.84

+0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.68

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.69

-0.22

Correlation

The correlation between FZAEX and BSPGX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

FZAEX vs. BSPGX - Dividend Comparison

FZAEX's dividend yield for the trailing twelve months is around 1.64%, more than BSPGX's 1.60% yield.


TTM20252024202320222021202020192018201720162015
FZAEX
Fidelity Advisor Focused Emerging Markets Fund Class Z
1.64%1.65%1.36%1.69%1.23%5.35%2.23%11.13%0.78%0.10%0.63%0.34%
BSPGX
iShares S&P 500 Index Fund Class G
1.60%1.74%1.43%1.52%2.04%1.83%2.09%2.25%0.00%0.00%0.00%0.00%

Drawdowns

FZAEX vs. BSPGX - Drawdown Comparison

The maximum FZAEX drawdown since its inception was -41.73%, which is greater than BSPGX's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for FZAEX and BSPGX.


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Drawdown Indicators


FZAEXBSPGXDifference

Max Drawdown

Largest peak-to-trough decline

-41.73%

-33.74%

-7.99%

Max Drawdown (1Y)

Largest decline over 1 year

-13.71%

-12.11%

-1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-40.39%

-24.50%

-15.89%

Max Drawdown (10Y)

Largest decline over 10 years

-41.73%

Current Drawdown

Current decline from peak

-13.71%

-8.90%

-4.81%

Average Drawdown

Average peak-to-trough decline

-12.53%

-5.19%

-7.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.54%

2.49%

+1.05%

Volatility

FZAEX vs. BSPGX - Volatility Comparison

Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 8.51% compared to iShares S&P 500 Index Fund Class G (BSPGX) at 4.24%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than BSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FZAEXBSPGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.51%

4.24%

+4.27%

Volatility (6M)

Calculated over the trailing 6-month period

13.08%

9.08%

+4.00%

Volatility (1Y)

Calculated over the trailing 1-year period

18.39%

18.06%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.46%

16.85%

+1.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.55%

20.15%

-1.60%