FZAEX vs. FGKPX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FGKPX is managed by Fidelity. It was launched on Jan 30, 2019.
Performance
FZAEX vs. FGKPX - Performance Comparison
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FZAEX vs. FGKPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 4.43% | 40.25% | 9.43% | 8.60% | -19.75% | -2.50% | 30.63% | 19.02% |
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 0.61% | 12.56% | 5.96% | 15.28% | -12.98% | 10.75% | 5.22% | 3.48% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly higher than FGKPX's 0.61% 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%
FGKPX
- 1D
- 1.67%
- 1M
- -2.77%
- YTD
- 0.61%
- 6M
- 2.22%
- 1Y
- 13.45%
- 3Y*
- 10.23%
- 5Y*
- 5.04%
- 10Y*
- —
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FZAEX vs. FGKPX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than FGKPX's 0.23% expense ratio.
Return for Risk
FZAEX vs. FGKPX — Risk / Return Rank
FZAEX
FGKPX
FZAEX vs. FGKPX - 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 SAI Emerging Markets Low Volatility Index Fund (FGKPX). 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 | FGKPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.40 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.93 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.27 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.68 | +1.00 |
Martin ratioReturn relative to average drawdown | 10.21 | 5.61 | +4.60 |
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 | FGKPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.40 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.50 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.43 | +0.06 |
Correlation
The correlation between FZAEX and FGKPX is 0.83, 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. FGKPX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than FGKPX's 7.70% 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% |
FGKPX Fidelity SAI Emerging Markets Low Volatility Index Fund | 7.70% | 7.75% | 5.07% | 2.91% | 1.88% | 2.30% | 1.77% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZAEX vs. FGKPX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, which is greater than FGKPX's maximum drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for FZAEX and FGKPX.
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Drawdown Indicators
| FZAEX | FGKPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -32.05% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -7.14% | -6.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -20.69% | -19.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -5.38% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -5.41% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.14% | +1.46% |
Volatility
FZAEX vs. FGKPX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 9.38% compared to Fidelity SAI Emerging Markets Low Volatility Index Fund (FGKPX) at 4.76%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FGKPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FGKPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 4.76% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 6.59% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 9.98% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 10.08% | +8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 12.47% | +6.11% |