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Fidelity Advisor Overseas Fund Class A (FAOAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of assets in non-U.S. securities. It invests primarily in common stocks. The advisor allocates investments across different countries and regions. The advisor uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

Looking to diversify beyond FAOAX? The mutual funds below have the lowest correlation with FAOAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FAOAX.

Best Diversifiers for FAOAX

6 mutual funds have low correlation with FAOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.24, down from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
KGIIX
Kopernik International Fund0.240.320.49
54
Foreign Large Cap EquitiesFAOAX vs KGIIX
EPDIX
EuroPac International Dividend Income Fund0.280.500.58
75
Foreign Large Cap EquitiesFAOAX vs EPDIX
EPDPX
EuroPac International Dividend Income Fund Class A0.280.500.58
74
Foreign Large Cap Equities, DividendFAOAX vs EPDPX
ANJIX
Virtus NFJ International Value Fund0.280.610.72
73
Foreign Large Cap EquitiesFAOAX vs ANJIX
SAHMX
SA International Value Fund0.300.530.64
88
Foreign Large Cap EquitiesFAOAX vs SAHMX
See all 124 diversifiers for FAOAX

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