FZAEX vs. EMF
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Templeton Emerging Markets Fund (EMF).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. EMF is an actively managed fund by Franklin Templeton. It was launched on Feb 27, 1987.
Performance
FZAEX vs. EMF - Performance Comparison
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FZAEX vs. EMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 4.43% | 40.25% | 9.43% | 8.60% | -19.75% | -2.50% | 30.63% | 29.94% | -17.95% | 46.69% |
EMF Templeton Emerging Markets Fund | 6.77% | 58.20% | 6.56% | 8.84% | -21.53% | -8.23% | 24.48% | 27.20% | -14.78% | 53.55% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly lower than EMF's 6.77% return. Over the past 10 years, FZAEX has underperformed EMF with an annualized return of 10.89%, while EMF has yielded a comparatively higher 12.80% annualized return.
FZAEX
- 1D
- 3.46%
- 1M
- -8.80%
- YTD
- 4.43%
- 6M
- 9.44%
- 1Y
- 36.89%
- 3Y*
- 18.90%
- 5Y*
- 5.41%
- 10Y*
- 10.89%
EMF
- 1D
- 2.69%
- 1M
- -10.43%
- YTD
- 6.77%
- 6M
- 15.15%
- 1Y
- 53.85%
- 3Y*
- 24.12%
- 5Y*
- 6.42%
- 10Y*
- 12.80%
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FZAEX vs. EMF - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than EMF's 1.43% expense ratio.
Return for Risk
FZAEX vs. EMF — Risk / Return Rank
FZAEX
EMF
FZAEX vs. EMF - 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 Templeton Emerging Markets Fund (EMF). 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.
| FZAEX | EMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.43 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.58 | 2.92 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.80 | -0.11 |
Martin ratioReturn relative to average drawdown | 10.21 | 11.49 | -1.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZAEX | EMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.43 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.32 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.63 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.20 | +0.29 |
Correlation
The correlation between FZAEX and EMF is 0.81, 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
FZAEX vs. EMF - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than EMF's 9.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 1.58% | 1.65% | 1.36% | 1.69% | 1.23% | 5.35% | 2.23% | 11.13% | 0.78% | 0.10% | 0.63% | 0.34% |
EMF Templeton Emerging Markets Fund | 9.22% | 9.73% | 4.28% | 6.22% | 9.89% | 6.92% | 3.51% | 7.36% | 5.92% | 12.11% | 1.62% | 12.81% |
Drawdowns
FZAEX vs. EMF - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, smaller than the maximum EMF drawdown of -76.97%. Use the drawdown chart below to compare losses from any high point for FZAEX and EMF.
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Drawdown Indicators
| FZAEX | EMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -76.97% | +35.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -19.48% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -45.87% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -47.65% | +5.92% |
Current DrawdownCurrent decline from peak | -10.73% | -13.45% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -29.12% | +16.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 4.74% | -1.14% |
Volatility
FZAEX vs. EMF - Volatility Comparison
The current volatility for Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) is 9.38%, while Templeton Emerging Markets Fund (EMF) has a volatility of 11.00%. This indicates that FZAEX experiences smaller price fluctuations and is considered to be less risky than EMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | EMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 11.00% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 17.42% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 22.24% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 19.88% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 20.30% | -1.72% |