FZAEX vs. FEDIX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FEDIX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
FZAEX vs. FEDIX - Performance Comparison
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FZAEX vs. FEDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 0.94% | 40.25% | 9.43% | 8.60% | -19.75% | -2.50% | 30.63% | 29.94% | -17.95% | 46.69% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.11% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
Returns By Period
In the year-to-date period, FZAEX achieves a 0.94% return, which is significantly lower than FEDIX's 4.11% return. Over the past 10 years, FZAEX has outperformed FEDIX with an annualized return of 10.51%, while FEDIX has yielded a comparatively lower 9.53% annualized 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%
FEDIX
- 1D
- -0.79%
- 1M
- -9.21%
- YTD
- 4.11%
- 6M
- 10.25%
- 1Y
- 35.20%
- 3Y*
- 14.92%
- 5Y*
- 7.71%
- 10Y*
- 9.53%
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FZAEX vs. FEDIX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than FEDIX's 1.19% expense ratio.
Return for Risk
FZAEX vs. FEDIX — Risk / Return Rank
FZAEX
FEDIX
FZAEX vs. FEDIX - 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 I (FEDIX). 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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 2.39 | -0.63 |
Sortino ratioReturn per unit of downside risk | 2.24 | 3.00 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.17 | -1.00 |
Martin ratioReturn relative to average drawdown | 8.39 | 12.58 | -4.19 |
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 | FEDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.39 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.55 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.04 |
Correlation
The correlation between FZAEX and FEDIX 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. FEDIX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.64%, less than FEDIX's 4.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.51% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
Drawdowns
FZAEX vs. FEDIX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, roughly equal to the maximum FEDIX drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for FZAEX and FEDIX.
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Drawdown Indicators
| FZAEX | FEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -42.98% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.98% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -27.42% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -42.98% | +1.25% |
Current DrawdownCurrent decline from peak | -13.71% | -9.58% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -8.86% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.51% | +1.03% |
Volatility
FZAEX vs. FEDIX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 8.51% compared to Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) at 6.44%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 6.44% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 9.71% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.39% | 14.33% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 13.98% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 15.65% | +2.90% |