FZAIX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and Fidelity Total Market Index Fund (FSKAX).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. FSKAX is managed by Fidelity.
Performance
FZAIX vs. FSKAX - Performance Comparison
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FZAIX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | -5.16% | 27.69% | 11.05% | 14.28% | -24.72% | 11.18% | 21.54% | 27.68% | -17.07% | 30.29% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FZAIX achieves a -5.16% return, which is significantly lower than FSKAX's -3.98% return. Over the past 10 years, FZAIX has underperformed FSKAX with an annualized return of 7.89%, while FSKAX has yielded a comparatively higher 13.56% annualized return.
FZAIX
- 1D
- 0.02%
- 1M
- -10.75%
- YTD
- -5.16%
- 6M
- -3.67%
- 1Y
- 15.99%
- 3Y*
- 12.65%
- 5Y*
- 4.49%
- 10Y*
- 7.89%
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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FZAIX vs. FSKAX - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FZAIX vs. FSKAX — Risk / Return Rank
FZAIX
FSKAX
FZAIX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class Z (FZAIX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FZAIX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.98 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.49 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.50 | -0.48 |
Martin ratioReturn relative to average drawdown | 4.03 | 7.20 | -3.17 |
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
| FZAIX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.98 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.61 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.74 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.79 | -0.37 |
Correlation
The correlation between FZAIX and FSKAX is 0.77, 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
FZAIX vs. FSKAX - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 7.46%, more than FSKAX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | 7.46% | 7.08% | 3.06% | 2.03% | 0.47% | 11.45% | 3.78% | 2.43% | 4.00% | 4.03% | 1.97% | 1.19% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FZAIX vs. FSKAX - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -36.47%, roughly equal to the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FZAIX and FSKAX.
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Drawdown Indicators
| FZAIX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.47% | -35.01% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -12.42% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -25.39% | -11.08% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -35.01% | -1.46% |
Current DrawdownCurrent decline from peak | -13.08% | -6.20% | -6.88% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -4.05% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.60% | +0.73% |
Volatility
FZAIX vs. FSKAX - Volatility Comparison
Fidelity Advisor International Discovery Fund Class Z (FZAIX) has a higher volatility of 8.27% compared to Fidelity Total Market Index Fund (FSKAX) at 5.52%. This indicates that FZAIX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAIX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 5.52% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 9.85% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 18.69% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 17.42% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 18.44% | -1.62% |