FZAEX vs. VWO
Compare and contrast key facts about Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) and Vanguard FTSE Emerging Markets ETF (VWO).
FZAEX is managed by Fidelity. It was launched on Aug 13, 2013. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Performance
FZAEX vs. VWO - Performance Comparison
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FZAEX vs. VWO - 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% | 46.69% |
VWO Vanguard FTSE Emerging Markets ETF | 0.84% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Returns By Period
In the year-to-date period, FZAEX achieves a 4.43% return, which is significantly higher than VWO's 0.84% return. Over the past 10 years, FZAEX has outperformed VWO with an annualized return of 10.89%, while VWO has yielded a comparatively lower 7.66% annualized 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%
VWO
- 1D
- 0.30%
- 1M
- -5.29%
- YTD
- 0.84%
- 6M
- 1.39%
- 1Y
- 22.71%
- 3Y*
- 13.84%
- 5Y*
- 3.90%
- 10Y*
- 7.66%
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FZAEX vs. VWO - Expense Ratio Comparison
FZAEX has a 0.90% expense ratio, which is higher than VWO's 0.08% expense ratio.
Return for Risk
FZAEX vs. VWO — Risk / Return Rank
FZAEX
VWO
FZAEX vs. VWO - 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 Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.28 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.80 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.89 | +0.80 |
Martin ratioReturn relative to average drawdown | 10.21 | 7.18 | +3.03 |
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 | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.28 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.23 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.40 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.25 | +0.24 |
Correlation
The correlation between FZAEX and VWO is 0.91, 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. VWO - Dividend Comparison
FZAEX's dividend yield for the trailing twelve months is around 1.58%, less than VWO's 2.68% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Drawdowns
FZAEX vs. VWO - Drawdown Comparison
The maximum FZAEX drawdown since its inception was -41.73%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FZAEX and VWO.
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Drawdown Indicators
| FZAEX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -67.68% | +25.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -12.23% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -40.39% | -32.80% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -36.39% | -5.34% |
Current DrawdownCurrent decline from peak | -10.73% | -8.13% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -15.93% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.22% | +0.38% |
Volatility
FZAEX vs. VWO - Volatility Comparison
Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a higher volatility of 9.38% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 7.41%. This indicates that FZAEX's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAEX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 7.41% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 12.26% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 17.83% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 17.21% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.58% | 19.18% | -0.60% |