FZAJX vs. PWJZX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor International Growth Fund Class Z (FZAJX) and PGIM Jennison International Opportunities Fund (PWJZX).

FZAJX is managed by Fidelity. It was launched on Aug 13, 2013. PWJZX is managed by PGIM. It was launched on Jun 4, 2012.

Performance

FZAJX vs. PWJZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Growth Fund Class Z (FZAJX) and PGIM Jennison International Opportunities Fund (PWJZX). The values are adjusted to include any dividend payments, if applicable.

FZAJX vs. PWJZX - 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%
PWJZX PGIM Jennison International Opportunities Fund	-8.80%	14.53%	6.84%	20.25%	-36.95%	13.27%	55.57%	38.16%	-12.93%	49.58%

Returns By Period

In the year-to-date period, FZAJX achieves a -2.21% return, which is significantly higher than PWJZX's -8.80% return. Over the past 10 years, FZAJX has underperformed PWJZX with an annualized return of 8.82%, while PWJZX has yielded a comparatively higher 9.91% 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%

PWJZX

• 1D: 4.71%
• 1M: -9.69%
• YTD: -8.80%
• 6M: -12.62%
• 1Y: 4.31%
• 3Y*: 5.25%
• 5Y*: -1.04%
• 10Y*: 9.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FZAJX vs. PWJZX - Expense Ratio Comparison

FZAJX has a 0.87% expense ratio, which is lower than PWJZX's 0.90% expense ratio.

PWJZX

PGIM Jennison International Opportunities Fund

FZAJX

Fidelity Advisor International Growth Fund Class Z

Return for Risk

FZAJX vs. PWJZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZAJX

FZAJX Risk / Return Rank: 25
FZAJX Sharpe Ratio Rank: 23
FZAJX Sortino Ratio Rank: 25
FZAJX Omega Ratio Rank: 23
FZAJX Calmar Ratio Rank: 27
FZAJX Martin Ratio Rank: 28

PWJZX

PWJZX Risk / Return Rank: 8
PWJZX Sharpe Ratio Rank: 8
PWJZX Sortino Ratio Rank: 8
PWJZX Omega Ratio Rank: 8
PWJZX Calmar Ratio Rank: 9
PWJZX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZAJX vs. PWJZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Growth Fund Class Z (FZAJX) and PGIM Jennison International Opportunities Fund (PWJZX). 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	PWJZX	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.20	+0.48
Sortino ratio Return per unit of downside risk	1.08	0.44	+0.64
Omega ratio Gain probability vs. loss probability	1.15	1.06	+0.09
Calmar ratio Return relative to maximum drawdown	0.90	0.19	+0.71
Martin ratio Return relative to average drawdown	3.52	0.72	+2.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZAJX vs. PWJZX - Sharpe Ratio Comparison

The current FZAJX Sharpe Ratio is 0.69, which is higher than the PWJZX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of FZAJX and PWJZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FZAJX	PWJZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.20	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	-0.05	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.48	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.41	+0.06

Correlation

The correlation between FZAJX and PWJZX is 0.89, 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. PWJZX - Dividend Comparison

FZAJX's dividend yield for the trailing twelve months is around 3.73%, more than PWJZX's 0.20% 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%
PWJZX PGIM Jennison International Opportunities Fund	0.20%	0.19%	0.07%	0.09%	0.00%	0.09%	0.00%	0.00%	0.06%	0.17%	0.24%	0.00%

Drawdowns

FZAJX vs. PWJZX - Drawdown Comparison

The maximum FZAJX drawdown since its inception was -34.84%, smaller than the maximum PWJZX drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for FZAJX and PWJZX.

Drawdown Indicators

	FZAJX	PWJZX	Difference
Max Drawdown Largest peak-to-trough decline	-34.84%	-48.22%	+13.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.96%	-18.08%	+4.12%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-48.22%	+13.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.84%	-48.22%	+13.38%
Current Drawdown Current decline from peak	-10.65%	-21.88%	+11.23%
Average Drawdown Average peak-to-trough decline	-6.68%	-13.07%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	4.73%	-1.15%

Volatility

FZAJX vs. PWJZX - Volatility Comparison

The current volatility for Fidelity Advisor International Growth Fund Class Z (FZAJX) is 9.11%, while PGIM Jennison International Opportunities Fund (PWJZX) has a volatility of 11.45%. This indicates that FZAJX experiences smaller price fluctuations and is considered to be less risky than PWJZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FZAJX	PWJZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	11.45%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	16.00%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	21.69%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	21.78%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	20.68%	-3.12%