BUFIX vs. FAERX

Last updated Jun 3, 2026

BUFIX (Buffalo International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, BUFIX returned 10.23%/yr vs 6.87%/yr for FAERX. Their correlation of 0.91 suggests significant overlap in exposure. BUFIX charges 1.03%/yr vs 1.65%/yr for FAERX.

Performance

BUFIX vs. FAERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Buffalo International Fund (BUFIX) and Fidelity Advisor Overseas Fund Class M (FAERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, BUFIX has outperformed FAERX with an annualized return of 10.23%, while FAERX has yielded a comparatively lower 6.87% annualized return.

BUFIX

• 1D: 1.26%
• 1M: 9.49%
• YTD: 17.82%
• 6M: 21.24%
• 1Y: 20.57%
• 3Y*: 11.94%
• 5Y*: 5.91%
• 10Y*: 10.23%

FAERX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -2.48%
• 3Y*: 8.31%
• 5Y*: 3.09%
• 10Y*: 6.87%

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

BUFIX vs. FAERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUFIX Buffalo International Fund	17.82%	17.09%	-1.90%	18.33%	-21.80%	18.20%	19.10%	28.01%	-8.85%	29.33%
FAERX Fidelity Advisor Overseas Fund Class M	0.00%	14.70%	4.40%	19.78%	-24.77%	18.63%	14.43%	27.14%	-15.25%	29.37%

Correlation

The correlation between BUFIX and FAERX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 2, 2007	0.91

Over the past year, the correlation between BUFIX and FAERX has dropped to 0.53 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

BUFIX vs. FAERX — Risk / Return Rank

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

BUFIX

BUFIX Risk / Return Rank: 19
BUFIX Sharpe Ratio Rank: 19
BUFIX Sortino Ratio Rank: 18
BUFIX Omega Ratio Rank: 19
BUFIX Calmar Ratio Rank: 19
BUFIX Martin Ratio Rank: 22

FAERX

FAERX Risk / Return Rank: 5
FAERX Sharpe Ratio Rank: 2
FAERX Sortino Ratio Rank: 2
FAERX Omega Ratio Rank: 2
FAERX Calmar Ratio Rank: 12
FAERX Martin Ratio Rank: 7

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.

BUFIX vs. FAERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Buffalo International Fund (BUFIX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.

	BUFIX	FAERX	Difference
Sharpe ratio Return per unit of total volatility	1.27	-0.21	+1.48
Sortino ratio Return per unit of downside risk	1.82	-0.23	+2.05
Omega ratio Gain probability vs. loss probability	1.23	0.97	+0.27
Calmar ratio Return relative to maximum drawdown	1.67	1.19	+0.48
Martin ratio Return relative to average drawdown	5.83	2.17	+3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFIX vs. FAERX - Sharpe Ratio Comparison

The current BUFIX Sharpe Ratio is 1.27, which is higher than the FAERX Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of BUFIX and FAERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUFIX	FAERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	-0.21	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.19	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.42	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.31	+0.02

Drawdowns

BUFIX vs. FAERX - Drawdown Comparison

The maximum BUFIX drawdown since its inception was -55.09%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for BUFIX and FAERX.

Drawdown Indicators

	BUFIX	FAERX	Difference
Max Drawdown Largest peak-to-trough decline	-55.09%	-60.14%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-7.29%	-5.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-14.00%	-1.52%
Max Drawdown (5Y) Largest decline over 5 years	-34.93%	-36.62%	+1.69%
Max Drawdown (10Y) Largest decline over 10 years	-34.93%	-36.62%	+1.69%
Current Drawdown Current decline from peak	0.00%	-5.89%	+5.89%
Average Drawdown Average peak-to-trough decline	-9.17%	-14.37%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	3.98%	-0.30%

Volatility

BUFIX vs. FAERX - Volatility Comparison

Buffalo International Fund (BUFIX) has a higher volatility of 7.06% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that BUFIX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFIX	FAERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	0.00%	+7.06%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	4.07%	+10.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	9.21%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	16.73%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	16.69%	+0.83%

BUFIX vs. FAERX - Expense Ratio Comparison

BUFIX has a 1.03% expense ratio, which is lower than FAERX's 1.65% expense ratio.

Dividends

BUFIX vs. FAERX - Dividend Comparison

BUFIX's dividend yield for the trailing twelve months is around 0.72%, less than FAERX's 7.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUFIX Buffalo International Fund	0.72%	0.85%	0.84%	0.59%	1.85%	1.20%	0.28%	0.57%	2.42%	0.36%	0.00%	0.51%
FAERX Fidelity Advisor Overseas Fund Class M	7.94%	7.94%	0.96%	0.51%	0.12%	2.07%	0.00%	1.15%	4.25%	3.35%	0.80%	0.09%

Frequently Asked Questions

Can I hold both BUFIX and FAERX in my portfolio?

BUFIX and FAERX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFIX or FAERX?

BUFIX has higher volatility (7.06%) compared to FAERX (0.00%). In terms of maximum drawdown, BUFIX dropped -55.09% vs FAERX's -60.14%.

Which has better risk-adjusted returns?

BUFIX currently has the higher Sharpe Ratio (1.27 vs -0.21), 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.