FZAEX vs. FIQGX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FZAEX vs. FIQGX - Performance Comparison
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FZAEX vs. FIQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -2.64% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 6.15% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly lower than FIQGX's 6.15% 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%
FIQGX
- 1D
- 1.90%
- 1M
- -6.09%
- YTD
- 6.15%
- 6M
- 11.78%
- 1Y
- 36.85%
- 3Y*
- 15.79%
- 5Y*
- 7.98%
- 10Y*
- —
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FZAEX vs. FIQGX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than FIQGX's 1.05% expense ratio.
Return for Risk
FZAEX vs. FIQGX — Risk / Return Rank
FZAEX
FIQGX
FZAEX vs. FIQGX - 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 Z (FIQGX). 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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 2.64 | -0.59 |
Sortino ratioReturn per unit of downside risk | 2.58 | 3.28 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.50 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.70 | -1.01 |
Martin ratioReturn relative to average drawdown | 10.21 | 14.41 | -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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.64 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.57 | -0.28 |
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 | 0.64 | -0.15 |
Correlation
The correlation between FZAEX and FIQGX 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. FIQGX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than FIQGX's 4.59% 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% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.59% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
FZAEX vs. FIQGX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, which is greater than FIQGX's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for FZAEX and FIQGX.
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Drawdown Indicators
| FZAEX | FIQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -38.41% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.94% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -27.36% | -13.03% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -7.83% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -7.02% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.55% | +1.05% |
Volatility
FZAEX vs. FIQGX - 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 Z (FIQGX) at 6.78%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FIQGX | 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% | 9.92% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 14.45% | +4.21% |
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% | 16.77% | +1.81% |