AFGPX vs. FAOSX
AFGPX (Alger International Focus Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, AFGPX returned 3.00%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.85 means they have usually moved in the same direction. AFGPX charges 1.28%/yr vs 1.02%/yr for FAOSX.
Performance
AFGPX vs. FAOSX - Performance Comparison
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Returns By Period
AFGPX
- 1D
- 4.07%
- 1M
- -1.25%
- 6M
- 4.43%
- YTD
- 10.46%
- 1Y
- 13.17%
- 3Y*
- 11.78%
- 5Y*
- 3.00%
- 10Y*
- 7.98%
- ALL TIME*
- 9.66%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AFGPX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFGPX Alger International Focus Fund | 10.46% | 18.22% | 5.20% | 18.03% | -31.00% | 9.09% | 43.38% | 27.60% | -21.49% | 21.13% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 15.17% | 27.96% | -14.73% | 26.25% |
Correlation
The correlation between AFGPX and FAOSX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.85 |
Over the past year, the correlation between AFGPX and FAOSX has dropped to 0.39 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
AFGPX vs. FAOSX — Risk / Return Rank
AFGPX
FAOSX
AFGPX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger International Focus Fund (AFGPX) 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.
| AFGPX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.93 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.32 | +1.21 |
| Martin ratioReturn relative to average drawdown | 2.91 | -0.48 | +3.39 |
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Drawdowns
AFGPX vs. FAOSX - Drawdown Comparison
The maximum AFGPX drawdown since its inception was -63.63%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for AFGPX and FAOSX.
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Drawdown Indicators
| AFGPX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -36.24% | -27.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -7.26% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -13.96% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -36.24% | -5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -42.17% | — | — |
Current DrawdownCurrent decline from peak | -4.52% | -5.86% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -7.90% | -11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 4.48% | -0.55% |
Volatility
AFGPX vs. FAOSX - Volatility Comparison
Alger International Focus Fund (AFGPX) has a higher volatility of 7.62% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that AFGPX'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.
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Volatility by Period
| AFGPX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 0.00% | +7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 0.00% | +19.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 7.68% | +13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 16.65% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 16.56% | +3.13% |
AFGPX vs. FAOSX - Expense Ratio Comparison
AFGPX has a 1.28% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
AFGPX vs. FAOSX - Dividend Comparison
AFGPX's dividend yield for the trailing twelve months is around 12.50%, more than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AFGPX Alger International Focus Fund | 12.50% | 13.81% | 6.27% | 0.00% | 0.00% | 10.04% | 0.00% | 4.42% | 2.96% | 5.26% | 1.26% |
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% | 0.00% |
Frequently Asked Questions
AFGPX and FAOSX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFGPX has higher volatility (7.62%) compared to FAOSX (0.00%). In terms of maximum drawdown, AFGPX dropped -63.63% vs FAOSX's -36.24%.
AFGPX currently has the higher Sharpe Ratio (0.53 vs -0.30), 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.
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