FZAEX vs. EDIV
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and SPDR S&P Emerging Markets Dividend ETF (EDIV).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. EDIV is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Dividend Opportunities Index. It was launched on Feb 23, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAEX or EDIV.
Key characteristics
| FZAEX | EDIV | |
|---|---|---|
| YTD Return | 11.38% | 12.07% |
| 1Y Return | 17.36% | 19.69% |
| 3Y Return (Ann) | -3.31% | 10.21% |
| 5Y Return (Ann) | 4.76% | 7.08% |
| 10Y Return (Ann) | 4.17% | 3.99% |
| Sharpe Ratio | 1.21 | 1.78 |
| Sortino Ratio | 1.80 | 2.59 |
| Omega Ratio | 1.22 | 1.32 |
| Calmar Ratio | 0.62 | 2.76 |
| Martin Ratio | 5.55 | 9.12 |
| Ulcer Index | 3.63% | 2.48% |
| Daily Std Dev | 16.60% | 12.68% |
| Max Drawdown | -43.60% | -53.36% |
| Current Drawdown | -19.08% | -8.09% |
Correlation
The correlation between FZAEX and EDIV is 0.79, 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.
Performance
FZAEX vs. EDIV - Performance Comparison
In the year-to-date period, FZAEX achieves a 11.38% return, which is significantly lower than EDIV's 12.07% return. Both investments have delivered pretty close results over the past 10 years, with FZAEX having a 4.17% annualized return and EDIV not far behind at 3.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FZAEX vs. EDIV - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than EDIV's 0.49% expense ratio.
Risk-Adjusted Performance
FZAEX vs. EDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.
Dividends
FZAEX vs. EDIV - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.51%, less than EDIV's 3.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 1.51% | 1.69% | 1.23% | 2.03% | 0.54% | 0.77% | 0.75% | 0.51% | 0.63% | 0.34% | 1.42% | 1.49% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 3.62% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.93% | 5.33% | 4.84% | 5.13% |
Drawdowns
FZAEX vs. EDIV - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -43.60%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for FZAEX and EDIV. For additional features, visit the drawdowns tool.
Volatility
FZAEX vs. EDIV - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 5.62% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 3.89%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.