Correlation
The correlation between FZAIX and BROIX is 0.76, 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.
FZAIX vs. BROIX
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and BlackRock Advantage International Fund (BROIX).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. BROIX is managed by Blackrock. It was launched on Jan 31, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAIX or BROIX.
Performance
FZAIX vs. BROIX - Performance Comparison
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Key characteristics
FZAIX:
0.80
BROIX:
1.00
FZAIX:
1.10
BROIX:
1.37
FZAIX:
1.15
BROIX:
1.19
FZAIX:
0.91
BROIX:
1.15
FZAIX:
3.12
BROIX:
3.70
FZAIX:
4.29%
BROIX:
4.37%
FZAIX:
18.63%
BROIX:
17.09%
FZAIX:
-36.47%
BROIX:
-56.21%
FZAIX:
-0.54%
BROIX:
-0.27%
Returns By Period
In the year-to-date period, FZAIX achieves a 15.16% return, which is significantly lower than BROIX's 18.47% return. Both investments have delivered pretty close results over the past 10 years, with FZAIX having a 6.36% annualized return and BROIX not far behind at 6.24%.
FZAIX
15.16%
6.12%
11.72%
13.70%
10.42%
9.96%
6.36%
BROIX
18.47%
5.50%
15.01%
15.68%
13.54%
11.81%
6.24%
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FZAIX vs. BROIX - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than BROIX's 0.50% expense ratio.
Risk-Adjusted Performance
FZAIX vs. BROIX — Risk-Adjusted Performance Rank
FZAIX
BROIX
FZAIX vs. BROIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class Z (FZAIX) and BlackRock Advantage International Fund (BROIX). 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.
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Dividends
FZAIX vs. BROIX - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 2.66%, less than BROIX's 3.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | 2.66% | 3.06% | 2.03% | 0.47% | 11.45% | 3.78% | 2.43% | 4.00% | 5.25% | 1.97% | 1.19% | 0.84% |
BROIX BlackRock Advantage International Fund | 3.00% | 3.55% | 2.71% | 3.37% | 8.51% | 1.72% | 2.67% | 2.69% | 0.72% | 2.09% | 0.79% | 1.80% |
Drawdowns
FZAIX vs. BROIX - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -36.47%, smaller than the maximum BROIX drawdown of -56.21%. Use the drawdown chart below to compare losses from any high point for FZAIX and BROIX.
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Volatility
FZAIX vs. BROIX - Volatility Comparison
The current volatility for Fidelity Advisor International Discovery Fund Class Z (FZAIX) is 3.00%, while BlackRock Advantage International Fund (BROIX) has a volatility of 3.42%. This indicates that FZAIX experiences smaller price fluctuations and is considered to be less risky than BROIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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