BTMKX vs. FAOAX
BTMKX (iShares MSCI EAFE International Index Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, BTMKX returned 9.42%/yr vs 7.17%/yr for FAOAX. Their correlation of 0.93 suggests significant overlap in exposure. BTMKX charges 0.05%/yr vs 1.43%/yr for FAOAX.
Performance
BTMKX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, BTMKX has outperformed FAOAX with an annualized return of 9.42%, while FAOAX has yielded a comparatively lower 7.17% annualized return.
BTMKX
- 1D
- 0.33%
- 1M
- 4.17%
- YTD
- 9.65%
- 6M
- 12.05%
- 1Y
- 22.44%
- 3Y*
- 17.20%
- 5Y*
- 8.94%
- 10Y*
- 9.42%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.81%
- 3Y*
- 8.51%
- 5Y*
- 3.41%
- 10Y*
- 7.17%
BTMKX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 9.65% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -13.38% | 25.17% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
Correlation
The correlation between BTMKX and FAOAX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.93 |
Over the past year, the correlation between BTMKX and FAOAX has dropped to 0.59 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
BTMKX vs. FAOAX — Risk / Return Rank
BTMKX
FAOAX
BTMKX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (BTMKX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| BTMKX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.95 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.37 | +2.28 |
| Martin ratioReturn relative to average drawdown | 7.15 | -0.63 | +7.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTMKX | FAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | -0.29 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.21 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.44 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.30 | +0.09 |
Drawdowns
BTMKX vs. FAOAX - Drawdown Comparison
The maximum BTMKX drawdown since its inception was -33.92%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for BTMKX and FAOAX.
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Drawdown Indicators
| BTMKX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.92% | -60.03% | +26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -7.29% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.66% | -13.99% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -36.50% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -36.50% | +2.58% |
Current DrawdownCurrent decline from peak | -0.38% | -5.87% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -14.56% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.98% | -0.97% |
Volatility
BTMKX vs. FAOAX - Volatility Comparison
iShares MSCI EAFE International Index Fund (BTMKX) has a higher volatility of 4.70% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that BTMKX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTMKX | FAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 0.00% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 4.08% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 9.18% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.72% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 16.69% | -0.02% |
BTMKX vs. FAOAX - Expense Ratio Comparison
BTMKX has a 0.05% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
BTMKX vs. FAOAX - Dividend Comparison
BTMKX's dividend yield for the trailing twelve months is around 3.42%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.42% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
Frequently Asked Questions
BTMKX and FAOAX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTMKX has higher volatility (4.70%) compared to FAOAX (0.00%). In terms of maximum drawdown, BTMKX dropped -33.92% vs FAOAX's -60.03%.
BTMKX currently has the higher Sharpe Ratio (1.43 vs -0.29), 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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