FZAEX vs. FEDAX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FZAEX vs. FEDAX - Performance Comparison
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FZAEX vs. FEDAX - 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% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 6.04% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly lower than FEDAX's 6.04% return. Over the past 10 years, FZAEX has outperformed FEDAX with an annualized return of 10.89%, while FEDAX has yielded a comparatively lower 9.43% 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%
FEDAX
- 1D
- 1.87%
- 1M
- -6.14%
- YTD
- 6.04%
- 6M
- 11.58%
- 1Y
- 36.29%
- 3Y*
- 15.34%
- 5Y*
- 7.53%
- 10Y*
- 9.43%
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FZAEX vs. FEDAX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
FZAEX vs. FEDAX — Risk / Return Rank
FZAEX
FEDAX
FZAEX vs. FEDAX - 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 Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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 | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.60 | -0.55 |
Sortino ratioReturn per unit of downside risk | 2.58 | 3.23 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.64 | -0.95 |
Martin ratioReturn relative to average drawdown | 10.21 | 14.09 | -3.88 |
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 | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.60 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.54 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.60 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.50 | -0.01 |
Correlation
The correlation between FZAEX and FEDAX is 0.88, 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. FEDAX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than FEDAX's 4.31% 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% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.31% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
FZAEX vs. FEDAX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, roughly equal to the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for FZAEX and FEDAX.
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Drawdown Indicators
| FZAEX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -43.35% | +1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.95% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -27.68% | -12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -43.35% | +1.62% |
Current DrawdownCurrent decline from peak | -10.73% | -7.90% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -9.06% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.57% | +1.03% |
Volatility
FZAEX vs. FEDAX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 9.38% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.78%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 6.78% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 9.91% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 14.46% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 14.01% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 15.68% | +2.90% |