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.
Performance
FZAJX vs. PNGAX - Performance Comparison
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FZAJX vs. PNGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAJX Fidelity Advisor International Growth Fund Class Z | -2.21% | 18.02% | 5.02% | 21.03% | -23.11% | 15.55% | 17.11% | 34.21% | -11.40% | 28.88% |
PNGAX Putnam International Value Fund | 2.61% | 34.66% | 5.86% | 18.50% | -6.85% | 14.24% | 4.19% | 19.96% | -18.02% | 24.09% |
Returns By Period
In the year-to-date period, FZAJX achieves a -2.21% return, which is significantly lower than PNGAX's 2.61% return. Over the past 10 years, FZAJX has underperformed PNGAX with an annualized return of 8.82%, while PNGAX has yielded a comparatively higher 9.38% annualized return.
FZAJX
- 1D
- 3.84%
- 1M
- -8.74%
- YTD
- -2.21%
- 6M
- -2.02%
- 1Y
- 12.59%
- 3Y*
- 9.93%
- 5Y*
- 4.96%
- 10Y*
- 8.82%
PNGAX
- 1D
- 2.67%
- 1M
- -4.78%
- YTD
- 2.61%
- 6M
- 5.73%
- 1Y
- 23.99%
- 3Y*
- 17.29%
- 5Y*
- 10.93%
- 10Y*
- 9.38%
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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.
Return for Risk
FZAJX vs. PNGAX — Risk / Return Rank
FZAJX
PNGAX
FZAJX vs. PNGAX - Risk-Adjusted Trends 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.
| FZAJX | PNGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.47 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.95 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.06 | -1.16 |
Martin ratioReturn relative to average drawdown | 3.52 | 7.77 | -4.25 |
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
| FZAJX | PNGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.47 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.70 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.55 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.34 | +0.12 |
Correlation
The correlation between FZAJX and PNGAX is 0.85, 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
FZAJX vs. PNGAX - Dividend Comparison
FZAJX's dividend yield for the trailing twelve months is around 3.73%, more than PNGAX's 2.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAJX Fidelity Advisor International Growth Fund Class Z | 3.73% | 3.65% | 1.00% | 0.61% | 1.81% | 2.03% | 0.22% | 1.11% | 1.04% | 0.12% | 1.40% | 0.92% |
PNGAX Putnam International Value Fund | 2.89% | 2.97% | 3.89% | 2.35% | 1.63% | 5.70% | 1.84% | 3.91% | 4.34% | 1.11% | 2.23% | 1.09% |
Drawdowns
FZAJX vs. PNGAX - Drawdown Comparison
The maximum FZAJX drawdown since its inception was -34.84%, smaller than the maximum PNGAX drawdown of -64.78%. Use the drawdown chart below to compare losses from any high point for FZAJX and PNGAX.
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Drawdown Indicators
| FZAJX | PNGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.84% | -64.78% | +29.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.96% | -11.13% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -27.37% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.84% | -41.58% | +6.74% |
Current DrawdownCurrent decline from peak | -10.65% | -6.94% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -15.89% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.95% | +0.63% |
Volatility
FZAJX vs. PNGAX - Volatility Comparison
Fidelity Advisor International Growth Fund Class Z (FZAJX) has a higher volatility of 9.11% compared to Putnam International Value Fund (PNGAX) at 7.24%. 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.
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Volatility by Period
| FZAJX | PNGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 7.24% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 10.72% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 16.49% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 15.66% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 17.04% | +0.52% |