FZAIX vs. PZRIX
Compare and contrast key facts about Fidelity Advisor International Discovery Fund Class Z (FZAIX) and PIMCO RAE Global ex-US Fund (PZRIX).
FZAIX is managed by Fidelity. It was launched on Aug 13, 2013. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
FZAIX vs. PZRIX - Performance Comparison
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FZAIX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | -2.04% | 27.69% | 11.05% | 14.28% | -24.72% | 11.18% | 21.54% | 27.68% | -17.07% | 30.29% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, FZAIX achieves a -2.04% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, FZAIX has underperformed PZRIX with an annualized return of 8.24%, while PZRIX has yielded a comparatively higher 10.15% annualized return.
FZAIX
- 1D
- 3.29%
- 1M
- -7.81%
- YTD
- -2.04%
- 6M
- -0.50%
- 1Y
- 19.80%
- 3Y*
- 13.87%
- 5Y*
- 4.86%
- 10Y*
- 8.24%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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FZAIX vs. PZRIX - Expense Ratio Comparison
FZAIX has a 0.90% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
FZAIX vs. PZRIX — Risk / Return Rank
FZAIX
PZRIX
FZAIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class Z (FZAIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.67 | -1.61 |
Sortino ratioReturn per unit of downside risk | 1.54 | 3.39 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.52 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.09 | -1.66 |
Martin ratioReturn relative to average drawdown | 5.58 | 14.29 | -8.71 |
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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.67 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.69 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.60 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.59 | -0.16 |
Correlation
The correlation between FZAIX and PZRIX is 0.86, 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. PZRIX - Dividend Comparison
FZAIX's dividend yield for the trailing twelve months is around 7.22%, more than PZRIX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAIX Fidelity Advisor International Discovery Fund Class Z | 7.22% | 7.08% | 3.06% | 2.03% | 0.47% | 11.45% | 3.78% | 2.43% | 4.00% | 4.03% | 1.97% | 1.19% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
FZAIX vs. PZRIX - Drawdown Comparison
The maximum FZAIX drawdown since its inception was -36.47%, smaller than the maximum PZRIX drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for FZAIX and PZRIX.
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Drawdown Indicators
| FZAIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.47% | -43.53% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -10.68% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -30.85% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -43.53% | +7.06% |
Current DrawdownCurrent decline from peak | -10.22% | -5.20% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -9.00% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.45% | +0.92% |
Volatility
FZAIX vs. PZRIX - Volatility Comparison
Fidelity Advisor International Discovery Fund Class Z (FZAIX) has a higher volatility of 9.02% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that FZAIX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZAIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 5.45% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 8.92% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 14.17% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 15.85% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 17.02% | -0.17% |