FZAEX vs. PEAFX
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and PIMCO RAE Emerging Markets Fund Class A (PEAFX).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. PEAFX is an actively managed fund by PIMCO. It was launched on Jun 5, 2015.
Performance
FZAEX vs. PEAFX - Performance Comparison
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FZAEX vs. PEAFX - 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% |
PEAFX PIMCO RAE Emerging Markets Fund Class A | 6.52% | 20.25% | 1.14% | 22.28% | -10.71% | 15.47% | 6.43% | 13.30% | -12.77% | 28.91% |
Returns By Period
In the year-to-date period, FZAEX achieves a 0.94% return, which is significantly lower than PEAFX's 6.52% return. Both investments have delivered pretty close results over the past 10 years, with FZAEX having a 10.51% annualized return and PEAFX not far behind at 10.12%.
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%
PEAFX
- 1D
- 0.08%
- 1M
- -8.64%
- YTD
- 6.52%
- 6M
- 8.29%
- 1Y
- 24.42%
- 3Y*
- 15.08%
- 5Y*
- 8.03%
- 10Y*
- 10.12%
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FZAEX vs. PEAFX - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is lower than PEAFX's 1.10% expense ratio.
Return for Risk
FZAEX vs. PEAFX — Risk / Return Rank
FZAEX
PEAFX
FZAEX vs. PEAFX - 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 PIMCO RAE Emerging Markets Fund Class A (PEAFX). 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 | PEAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.58 | +0.19 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.99 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.75 | +0.42 |
Martin ratioReturn relative to average drawdown | 8.39 | 7.13 | +1.26 |
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 | PEAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.58 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.54 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.65 | -0.17 |
Correlation
The correlation between FZAEX and PEAFX 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. PEAFX - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.64%, less than PEAFX's 2.79% 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% |
PEAFX PIMCO RAE Emerging Markets Fund Class A | 2.79% | 2.97% | 1.01% | 4.01% | 11.33% | 9.19% | 7.05% | 2.48% | 11.05% | 8.07% | 2.59% | 0.00% |
Drawdowns
FZAEX vs. PEAFX - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, smaller than the maximum PEAFX drawdown of -47.18%. Use the drawdown chart below to compare losses from any high point for FZAEX and PEAFX.
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Drawdown Indicators
| FZAEX | PEAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -47.18% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -12.14% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -28.57% | -11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -47.18% | +5.45% |
Current DrawdownCurrent decline from peak | -13.71% | -9.39% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -10.29% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.20% | +0.34% |
Volatility
FZAEX vs. PEAFX - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 8.51% compared to PIMCO RAE Emerging Markets Fund Class A (PEAFX) at 5.57%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than PEAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | PEAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 5.57% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 11.14% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.39% | 15.50% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 14.88% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 17.23% | +1.32% |