LVAZX vs. FERGX

Last updated Apr 2, 2026

Compare and contrast key facts about LSV Emerging Markets Equity Fund (LVAZX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

LVAZX is managed by LSV. It was launched on Jan 16, 2019. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

LVAZX vs. FERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSV Emerging Markets Equity Fund (LVAZX) and Fidelity SAI Emerging Markets Index Fund (FERGX). The values are adjusted to include any dividend payments, if applicable.

LVAZX vs. FERGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LVAZX LSV Emerging Markets Equity Fund	6.77%	39.90%	7.26%	21.26%	-13.03%	13.77%	5.03%	5.91%
FERGX Fidelity SAI Emerging Markets Index Fund	3.35%	33.86%	6.59%	9.41%	-20.19%	-3.05%	17.46%	10.35%

Returns By Period

In the year-to-date period, LVAZX achieves a 6.77% return, which is significantly higher than FERGX's 3.35% return.

LVAZX

• 1D: 1.78%
• 1M: -8.56%
• YTD: 6.77%
• 6M: 13.84%
• 1Y: 40.92%
• 3Y*: 22.63%
• 5Y*: 12.00%
• 10Y*: —

FERGX

• 1D: 3.23%
• 1M: -8.17%
• YTD: 3.35%
• 6M: 7.00%
• 1Y: 32.37%
• 3Y*: 15.69%
• 5Y*: 3.68%
• 10Y*: —

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

LVAZX vs. FERGX - Expense Ratio Comparison

LVAZX has a 1.45% expense ratio, which is higher than FERGX's 0.08% expense ratio.

LVAZX

LSV Emerging Markets Equity Fund

FERGX

Fidelity SAI Emerging Markets Index Fund

Return for Risk

LVAZX vs. FERGX — Risk / Return Rank

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

LVAZX

LVAZX Risk / Return Rank: 95
LVAZX Sharpe Ratio Rank: 97
LVAZX Sortino Ratio Rank: 95
LVAZX Omega Ratio Rank: 95
LVAZX Calmar Ratio Rank: 95
LVAZX Martin Ratio Rank: 95

FERGX

FERGX Risk / Return Rank: 86
FERGX Sharpe Ratio Rank: 89
FERGX Sortino Ratio Rank: 88
FERGX Omega Ratio Rank: 85
FERGX Calmar Ratio Rank: 86
FERGX Martin Ratio Rank: 85

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.

LVAZX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV Emerging Markets Equity Fund (LVAZX) and Fidelity SAI Emerging Markets Index Fund (FERGX). 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.

	LVAZX	FERGX	Difference
Sharpe ratio Return per unit of total volatility	2.70	1.86	+0.84
Sortino ratio Return per unit of downside risk	3.26	2.45	+0.81
Omega ratio Gain probability vs. loss probability	1.52	1.36	+0.15
Calmar ratio Return relative to maximum drawdown	3.54	2.27	+1.26
Martin ratio Return relative to average drawdown	13.48	9.03	+4.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LVAZX vs. FERGX - Sharpe Ratio Comparison

The current LVAZX Sharpe Ratio is 2.70, which is higher than the FERGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LVAZX and FERGX, 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

	LVAZX	FERGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	1.86	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.22	+0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.43	+0.28

Correlation

The correlation between LVAZX and FERGX 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

LVAZX vs. FERGX - Dividend Comparison

LVAZX's dividend yield for the trailing twelve months is around 4.80%, more than FERGX's 2.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVAZX LSV Emerging Markets Equity Fund	4.80%	5.12%	1.39%	4.58%	3.14%	8.50%	2.54%	2.99%	0.00%	0.00%
FERGX Fidelity SAI Emerging Markets Index Fund	2.59%	2.67%	2.40%	2.67%	2.51%	2.90%	1.49%	2.49%	2.58%	0.58%

Drawdowns

LVAZX vs. FERGX - Drawdown Comparison

The maximum LVAZX drawdown since its inception was -37.87%, roughly equal to the maximum FERGX drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for LVAZX and FERGX.

Drawdown Indicators

	LVAZX	FERGX	Difference
Max Drawdown Largest peak-to-trough decline	-37.87%	-39.27%	+1.40%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-13.32%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-37.18%	+10.11%
Current Drawdown Current decline from peak	-9.86%	-10.52%	+0.66%
Average Drawdown Average peak-to-trough decline	-6.90%	-14.56%	+7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.35%	-0.28%

Volatility

LVAZX vs. FERGX - Volatility Comparison

The current volatility for LSV Emerging Markets Equity Fund (LVAZX) is 7.67%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 9.62%. This indicates that LVAZX experiences smaller price fluctuations and is considered to be less risky than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVAZX	FERGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	9.62%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	13.68%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	17.94%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	16.84%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	17.85%	-2.14%