FZAEX vs. GQGIX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. GQGIX is managed by GQG Partners.
Performance
FZAEX vs. GQGIX - Performance Comparison
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FZAEX vs. GQGIX - 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% | 45.85% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.19% | 9.92% | 6.19% | 28.81% | -20.85% | -2.37% | 33.98% | 21.08% | -14.70% | 30.20% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly higher than GQGIX's 2.19% 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%
GQGIX
- 1D
- 1.73%
- 1M
- -4.61%
- YTD
- 2.19%
- 6M
- 5.33%
- 1Y
- 12.60%
- 3Y*
- 14.20%
- 5Y*
- 3.39%
- 10Y*
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FZAEX vs. GQGIX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than GQGIX's 0.98% expense ratio.
Return for Risk
FZAEX vs. GQGIX — Risk / Return Rank
FZAEX
GQGIX
FZAEX vs. GQGIX - 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 GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX). 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 | GQGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.01 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.44 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.38 | +1.31 |
Martin ratioReturn relative to average drawdown | 10.21 | 4.75 | +5.47 |
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 | GQGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.01 | +1.04 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.54 | -0.05 |
Correlation
The correlation between FZAEX and GQGIX is 0.80, 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. GQGIX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than GQGIX's 2.08% 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% |
GQGIX GQG Partners Emerging Markets Equity Fund Institutional Shares | 2.08% | 2.13% | 1.70% | 2.71% | 5.67% | 3.91% | 0.24% | 1.16% | 0.81% | 0.25% | 0.00% | 0.00% |
Drawdowns
FZAEX vs. GQGIX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, which is greater than GQGIX's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FZAEX and GQGIX.
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Drawdown Indicators
| FZAEX | GQGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -33.50% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -9.11% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -29.89% | -10.50% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -7.38% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -11.54% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.64% | +0.96% |
Volatility
FZAEX vs. GQGIX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 9.38% compared to GQG Partners Emerging Markets Equity Fund Institutional Shares (GQGIX) at 5.96%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than GQGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | GQGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 5.96% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 9.03% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 12.60% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 14.74% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 16.00% | +2.58% |