ACIFX vs. FAOSX

Last updated Jun 25, 2026

ACIFX (Advisors Capital International Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past year, ACIFX returned 5.90% vs -1.89% for FAOSX. A 0.51 correlation means they provide meaningful diversification when combined. ACIFX charges 1.88%/yr vs 1.02%/yr for FAOSX.

Performance

ACIFX vs. FAOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisors Capital International Fund (ACIFX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACIFX

• 1D: 0.00%
• 1M: 0.10%
• YTD: 0.74%
• 6M: 0.22%
• 1Y: 5.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAOSX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -1.89%
• 3Y*: 9.26%
• 5Y*: 3.48%
• 10Y*: —

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

ACIFX vs. FAOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACIFX Advisors Capital International Fund	0.74%	12.47%	0.00%
FAOSX Fidelity Advisor Overseas Fund Class Z	0.00%	15.36%	-1.11%

Correlation

The correlation between ACIFX and FAOSX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.51

The correlation between ACIFX and FAOSX has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

Return for Risk

ACIFX vs. FAOSX — Risk / Return Rank

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

ACIFX

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

FAOSX

FAOSX Risk / Return Rank: 3
FAOSX Sharpe Ratio Rank: 3
FAOSX Sortino Ratio Rank: 3
FAOSX Omega Ratio Rank: 3
FAOSX Calmar Ratio Rank: 3
FAOSX Martin Ratio Rank: 3

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.

ACIFX vs. FAOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisors Capital International Fund (ACIFX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACIFX	FAOSX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	-0.07	+0.57
Sortino ratio: Return per unit of downside risk	0.80	-0.04	+0.84
Omega ratio: Gain probability vs. loss probability	1.10	0.99	+0.10
Calmar ratio: Return relative to maximum drawdown	0.57	-0.09	+0.66
Martin ratio: Return relative to average drawdown	1.68	-0.14	+1.82

ACIFX vs. FAOSX - Sharpe Ratio Comparison

The current ACIFX Sharpe Ratio is 0.50, which is higher than the FAOSX Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of ACIFX and FAOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACIFX vs. FAOSX - Drawdown Comparison

The maximum ACIFX drawdown since its inception was -98.76%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for ACIFX and FAOSX.

Drawdown Indicators

	ACIFX	FAOSX	Difference
Max Drawdown Largest peak-to-trough decline	-98.76%	-36.24%	-62.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-7.26%	-5.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.24%	—
Current Drawdown Current decline from peak	-98.45%	-5.86%	-92.59%
Average Drawdown Average peak-to-trough decline	-95.23%	-7.92%	-87.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	4.15%	+0.10%

Volatility

ACIFX vs. FAOSX - Volatility Comparison

Advisors Capital International Fund (ACIFX) has a higher volatility of 1.71% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that ACIFX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACIFX	FAOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	0.00%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	3.63%	+8.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	8.75%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,904.48%	16.71%	+2,887.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,904.48%	16.64%	+2,887.84%

ACIFX vs. FAOSX - Expense Ratio Comparison

ACIFX has a 1.88% expense ratio, which is higher than FAOSX's 1.02% expense ratio.

Dividends

ACIFX vs. FAOSX - Dividend Comparison

ACIFX's dividend yield for the trailing twelve months is around 15.18%, more than FAOSX's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACIFX Advisors Capital International Fund	15.18%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FAOSX Fidelity Advisor Overseas Fund Class Z	8.67%	8.67%	1.80%	1.12%	0.85%	2.07%	0.00%	1.70%	5.30%	3.93%

Frequently Asked Questions

Can I hold both ACIFX and FAOSX in my portfolio?

ACIFX and FAOSX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACIFX or FAOSX?

ACIFX has higher volatility (1.71%) compared to FAOSX (0.00%). In terms of maximum drawdown, ACIFX dropped -98.76% vs FAOSX's -36.24%.

Which has better risk-adjusted returns?

ACIFX currently has the higher Sharpe Ratio (0.50 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.