FZAEX vs. FNDE
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013.
Performance
FZAEX vs. FNDE - Performance Comparison
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FZAEX vs. FNDE - 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% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 6.10% | 29.46% | 12.10% | 14.99% | -15.58% | 14.41% | -2.77% | 19.75% | -10.37% | 26.77% |
Returns By Period
In the year-to-date period, FZAEX achieves a 0.94% return, which is significantly lower than FNDE's 6.10% return. Both investments have delivered pretty close results over the past 10 years, with FZAEX having a 10.51% annualized return and FNDE not far behind at 10.24%.
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%
FNDE
- 1D
- 2.71%
- 1M
- -5.06%
- YTD
- 6.10%
- 6M
- 9.65%
- 1Y
- 29.56%
- 3Y*
- 18.98%
- 5Y*
- 9.51%
- 10Y*
- 10.24%
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FZAEX vs. FNDE - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than FNDE's 0.39% expense ratio.
Return for Risk
FZAEX vs. FNDE — Risk / Return Rank
FZAEX
FNDE
FZAEX vs. FNDE - 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 Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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 | FNDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.67 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.25 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.16 | 0.00 |
Martin ratioReturn relative to average drawdown | 8.39 | 9.71 | -1.32 |
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 | FNDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.67 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.57 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.53 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.34 | +0.13 |
Correlation
The correlation between FZAEX and FNDE is 0.86, 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. FNDE - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.64%, less than FNDE's 3.94% 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% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.94% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
Drawdowns
FZAEX vs. FNDE - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, roughly equal to the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for FZAEX and FNDE.
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Drawdown Indicators
| FZAEX | FNDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -43.55% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -13.72% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -29.44% | -10.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -39.93% | -1.80% |
Current DrawdownCurrent decline from peak | -13.71% | -6.41% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -11.84% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.06% | +0.48% |
Volatility
FZAEX vs. FNDE - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 8.51% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 7.66%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | FNDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 7.66% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 11.93% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.39% | 17.79% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 16.87% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 19.41% | -0.86% |