SIVLX vs. FZAEX

Last updated Apr 3, 2026

Compare and contrast key facts about Seafarer Overseas Value Fund Institutional Class (SIVLX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX).

SIVLX is an actively managed fund by Seafarer. It was launched on May 31, 2016. FZAEX is managed by Fidelity. It was launched on Aug 13, 2013.

Performance

SIVLX vs. FZAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seafarer Overseas Value Fund Institutional Class (SIVLX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX). The values are adjusted to include any dividend payments, if applicable.

SIVLX vs. FZAEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVLX Seafarer Overseas Value Fund Institutional Class	5.12%	37.79%	-3.34%	13.38%	-0.74%	10.05%	4.05%	21.98%	-13.91%	23.02%
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z	5.90%	40.25%	9.43%	8.60%	-19.75%	-2.50%	30.63%	29.94%	-17.95%	45.85%

Returns By Period

In the year-to-date period, SIVLX achieves a 5.12% return, which is significantly lower than FZAEX's 5.90% return.

SIVLX

• 1D: 2.06%
• 1M: -4.44%
• YTD: 5.12%
• 6M: 10.21%
• 1Y: 36.22%
• 3Y*: 14.79%
• 5Y*: 10.02%
• 10Y*: —

FZAEX

• 1D: 1.40%
• 1M: -3.15%
• YTD: 5.90%
• 6M: 10.38%
• 1Y: 38.73%
• 3Y*: 19.45%
• 5Y*: 5.71%
• 10Y*: 11.04%

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

SIVLX vs. FZAEX - Expense Ratio Comparison

SIVLX has a 1.05% expense ratio, which is higher than FZAEX's 0.90% expense ratio.

SIVLX

Seafarer Overseas Value Fund Institutional Class

FZAEX

Fidelity Advisor Focused Emerging Markets Fund Class Z

Return for Risk

SIVLX vs. FZAEX — Risk / Return Rank

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

SIVLX

SIVLX Risk / Return Rank: 95
SIVLX Sharpe Ratio Rank: 98
SIVLX Sortino Ratio Rank: 96
SIVLX Omega Ratio Rank: 96
SIVLX Calmar Ratio Rank: 92
SIVLX Martin Ratio Rank: 91

FZAEX

FZAEX Risk / Return Rank: 90
FZAEX Sharpe Ratio Rank: 92
FZAEX Sortino Ratio Rank: 89
FZAEX Omega Ratio Rank: 88
FZAEX Calmar Ratio Rank: 91
FZAEX Martin Ratio Rank: 89

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.

SIVLX vs. FZAEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seafarer Overseas Value Fund Institutional Class (SIVLX) and Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX). 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.

	SIVLX	FZAEX	Difference
Sharpe ratio Return per unit of total volatility	2.91	2.09	+0.82
Sortino ratio Return per unit of downside risk	3.52	2.62	+0.90
Omega ratio Gain probability vs. loss probability	1.58	1.40	+0.18
Calmar ratio Return relative to maximum drawdown	3.04	2.92	+0.12
Martin ratio Return relative to average drawdown	11.87	10.95	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIVLX vs. FZAEX - Sharpe Ratio Comparison

The current SIVLX Sharpe Ratio is 2.91, which is higher than the FZAEX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SIVLX and FZAEX, 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

	SIVLX	FZAEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.09	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.31	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.50	+0.27

Correlation

The correlation between SIVLX and FZAEX is 0.73, 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

SIVLX vs. FZAEX - Dividend Comparison

SIVLX's dividend yield for the trailing twelve months is around 4.80%, more than FZAEX's 1.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIVLX Seafarer Overseas Value Fund Institutional Class	4.80%	5.05%	4.23%	2.93%	1.70%	3.56%	1.38%	3.06%	3.30%	3.41%	0.00%	0.00%
FZAEX Fidelity Advisor Focused Emerging Markets Fund Class Z	1.56%	1.65%	1.36%	1.69%	1.23%	5.35%	2.23%	11.13%	0.78%	0.10%	0.63%	0.34%

Drawdowns

SIVLX vs. FZAEX - Drawdown Comparison

The maximum SIVLX drawdown since its inception was -33.09%, smaller than the maximum FZAEX drawdown of -41.73%. Use the drawdown chart below to compare losses from any high point for SIVLX and FZAEX.

Drawdown Indicators

	SIVLX	FZAEX	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-41.73%	+8.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.51%	-13.71%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-16.39%	-40.39%	+24.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.73%	—
Current Drawdown Current decline from peak	-9.25%	-9.48%	+0.23%
Average Drawdown Average peak-to-trough decline	-5.60%	-12.53%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	3.65%	-0.45%

Volatility

SIVLX vs. FZAEX - Volatility Comparison

The current volatility for Seafarer Overseas Value Fund Institutional Class (SIVLX) is 6.15%, while Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) has a volatility of 8.44%. This indicates that SIVLX experiences smaller price fluctuations and is considered to be less risky than FZAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVLX	FZAEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	8.44%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	13.53%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	18.67%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.54%	18.53%	-6.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	18.59%	-6.02%