FZAEX vs. FKEMX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Emerging Markets K (FKEMX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FKEMX is managed by Fidelity. It was launched on May 9, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAEX or FKEMX.
Key characteristics
| FZAEX | FKEMX | |
|---|---|---|
| YTD Return | 15.04% | 13.11% |
| 1Y Return | 23.91% | 21.00% |
| 3Y Return (Ann) | -2.27% | -3.63% |
| 5Y Return (Ann) | 5.60% | 6.54% |
| 10Y Return (Ann) | 4.52% | 6.59% |
| Sharpe Ratio | 1.51 | 1.44 |
| Sortino Ratio | 2.20 | 2.10 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 0.76 | 0.75 |
| Martin Ratio | 7.06 | 7.15 |
| Ulcer Index | 3.52% | 3.11% |
| Daily Std Dev | 16.44% | 15.49% |
| Max Drawdown | -43.60% | -69.07% |
| Current Drawdown | -16.42% | -14.71% |
Correlation
The correlation between FZAEX and FKEMX 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.
Performance
FZAEX vs. FKEMX - Performance Comparison
In the year-to-date period, FZAEX achieves a 15.04% return, which is significantly higher than FKEMX's 13.11% return. Over the past 10 years, FZAEX has underperformed FKEMX with an annualized return of 4.52%, while FKEMX has yielded a comparatively higher 6.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FZAEX vs. FKEMX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than FKEMX's 0.77% expense ratio.
Risk-Adjusted Performance
FZAEX vs. FKEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Fidelity Emerging Markets K (FKEMX). 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.
Dividends
FZAEX vs. FKEMX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.47%, more than FKEMX's 1.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z | 1.47% | 1.69% | 1.23% | 2.03% | 0.54% | 0.77% | 0.75% | 0.51% | 0.63% | 0.34% | 1.42% | 1.49% |
FKEMX Fidelity Emerging Markets K | 1.10% | 1.24% | 0.89% | 1.23% | 0.27% | 1.85% | 0.99% | 0.61% | 0.84% | 0.70% | 1.67% | 0.16% |
Drawdowns
FZAEX vs. FKEMX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -43.60%, smaller than the maximum FKEMX drawdown of -69.07%. Use the drawdown chart below to compare losses from any high point for FZAEX and FKEMX. For additional features, visit the drawdowns tool.
Volatility
FZAEX vs. FKEMX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 5.63% compared to Fidelity Emerging Markets K (FKEMX) at 4.79%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FKEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.