FZAEX vs. FEMSX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FEMSX is managed by Fidelity. It was launched on Dec 9, 2008.
Performance
FZAEX vs. FEMSX - Performance Comparison
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FZAEX vs. FEMSX - 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% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly lower than FEMSX's 5.44% return. Both investments have delivered pretty close results over the past 10 years, with FZAEX having a 10.89% annualized return and FEMSX not far behind at 10.88%.
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%
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
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FZAEX vs. FEMSX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than FEMSX's 0.01% expense ratio.
Return for Risk
FZAEX vs. FEMSX — Risk / Return Rank
FZAEX
FEMSX
FZAEX vs. FEMSX - 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 Series Emerging Markets Opportunities Fund (FEMSX). 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 | FEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.08 | -0.02 |
Sortino ratioReturn per unit of downside risk | 2.58 | 2.68 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.89 | -0.21 |
Martin ratioReturn relative to average drawdown | 10.21 | 11.41 | -1.20 |
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 | FEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.08 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.23 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.57 | +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 FEMSX is 0.96, 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. FEMSX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than FEMSX's 2.32% 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% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Drawdowns
FZAEX vs. FEMSX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, smaller than the maximum FEMSX drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for FZAEX and FEMSX.
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Drawdown Indicators
| FZAEX | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -44.16% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -13.42% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -41.64% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -44.16% | +2.43% |
Current DrawdownCurrent decline from peak | -10.73% | -10.35% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -13.52% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.40% | +0.20% |
Volatility
FZAEX vs. FEMSX - Volatility Comparison
The current volatility for Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) is 9.38%, while Fidelity Series Emerging Markets Opportunities Fund (FEMSX) has a volatility of 10.41%. This indicates that FZAEX experiences smaller price fluctuations and is considered to be less risky than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 10.41% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 14.73% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 19.16% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 18.65% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 19.13% | -0.55% |