FZAJX vs. PNGAX
Compare and contrast key facts about Fidelity Advisor International Growth Fund Class Z (FZAJX) and Putnam International Value Fund (PNGAX).
FZAJX is managed by Fidelity. It was launched on Aug 13, 2013. PNGAX is managed by Putnam. It was launched on Jul 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZAJX or PNGAX.
Key characteristics
| FZAJX | PNGAX | |
|---|---|---|
| YTD Return | 7.79% | 7.95% |
| 1Y Return | 20.32% | 17.91% |
| 3Y Return (Ann) | -0.31% | 5.58% |
| 5Y Return (Ann) | 7.33% | 8.03% |
| 10Y Return (Ann) | 7.56% | 4.91% |
| Sharpe Ratio | 1.46 | 1.45 |
| Sortino Ratio | 2.08 | 2.02 |
| Omega Ratio | 1.25 | 1.25 |
| Calmar Ratio | 1.12 | 2.47 |
| Martin Ratio | 7.08 | 7.73 |
| Ulcer Index | 2.82% | 2.38% |
| Daily Std Dev | 13.70% | 12.71% |
| Max Drawdown | -34.84% | -62.85% |
| Current Drawdown | -4.85% | -6.17% |
Correlation
The correlation between FZAJX and PNGAX 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.
Performance
FZAJX vs. PNGAX - Performance Comparison
The year-to-date returns for both investments are quite close, with FZAJX having a 7.79% return and PNGAX slightly higher at 7.95%. Over the past 10 years, FZAJX has outperformed PNGAX with an annualized return of 7.56%, while PNGAX has yielded a comparatively lower 4.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FZAJX vs. PNGAX - Expense Ratio Comparison
FZAJX has a 0.87% expense ratio, which is lower than PNGAX's 1.27% expense ratio.
Risk-Adjusted Performance
FZAJX vs. PNGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Growth Fund Class Z (FZAJX) and Putnam International Value Fund (PNGAX). 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.
Dividends
FZAJX vs. PNGAX - Dividend Comparison
FZAJX's dividend yield for the trailing twelve months is around 0.57%, less than PNGAX's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAJX Fidelity Advisor International Growth Fund Class Z | 0.57% | 0.61% | 0.36% | 0.53% | 0.22% | 1.11% | 1.04% | 0.76% | 1.40% | 0.92% | 1.00% | 1.18% |
PNGAX Putnam International Value Fund | 2.18% | 2.35% | 1.63% | 1.16% | 1.59% | 2.21% | 2.31% | 1.11% | 2.23% | 1.09% | 2.01% | 2.66% |
Drawdowns
FZAJX vs. PNGAX - Drawdown Comparison
The maximum FZAJX drawdown since its inception was -34.84%, smaller than the maximum PNGAX drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for FZAJX and PNGAX. For additional features, visit the drawdowns tool.
Volatility
FZAJX vs. PNGAX - Volatility Comparison
Fidelity Advisor International Growth Fund Class Z (FZAJX) has a higher volatility of 4.05% compared to Putnam International Value Fund (PNGAX) at 3.79%. This indicates that FZAJX's price experiences larger fluctuations and is considered to be riskier than PNGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.