CIOVX vs. FAOSX
CIOVX (Causeway International Opps Fd) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, CIOVX returned 12.81%/yr vs 2.86%/yr for FAOSX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. CIOVX charges 1.20%/yr vs 1.02%/yr for FAOSX.
Performance
CIOVX vs. FAOSX - Performance Comparison
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Returns By Period
CIOVX
- 1D
- 2.73%
- 1M
- -0.14%
- 6M
- 6.71%
- YTD
- 12.78%
- 1Y
- 29.22%
- 3Y*
- 19.81%
- 5Y*
- 12.81%
- 10Y*
- 10.48%
- ALL TIME*
- 7.79%
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 |
CIOVX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | 12.78% | 36.68% | 8.35% | 24.39% | -11.28% | 6.38% | 5.21% | 21.40% | -18.62% | 24.88% |
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 CIOVX and FAOSX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.80 |
Over the past year, the correlation between CIOVX and FAOSX has dropped to 0.37 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
CIOVX vs. FAOSX — Risk / Return Rank
CIOVX
FAOSX
CIOVX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Opps Fd (CIOVX) 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.
| CIOVX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.93 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.32 | +2.13 |
| Martin ratioReturn relative to average drawdown | 6.37 | -0.48 | +6.86 |
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Drawdowns
CIOVX vs. FAOSX - Drawdown Comparison
The maximum CIOVX drawdown since its inception was -43.70%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for CIOVX and FAOSX.
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Drawdown Indicators
| CIOVX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -36.24% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -7.26% | -7.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -13.96% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.10% | -36.24% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -5.86% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -7.90% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 4.48% | -0.25% |
Volatility
CIOVX vs. FAOSX - Volatility Comparison
Causeway International Opps Fd (CIOVX) has a higher volatility of 5.38% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that CIOVX'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
| CIOVX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 0.00% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 0.00% | +15.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 7.68% | +9.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 16.65% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.56% | +1.70% |
CIOVX vs. FAOSX - Expense Ratio Comparison
CIOVX has a 1.20% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
CIOVX vs. FAOSX - Dividend Comparison
CIOVX's dividend yield for the trailing twelve months is around 7.73%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIOVX Causeway International Opps Fd | 7.73% | 8.72% | 9.86% | 2.51% | 2.52% | 1.38% | 1.20% | 2.34% | 2.53% | 1.33% | 3.74% | 1.44% |
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% | 0.00% |
Frequently Asked Questions
CIOVX and FAOSX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIOVX has higher volatility (5.38%) compared to FAOSX (0.00%). In terms of maximum drawdown, CIOVX dropped -43.70% vs FAOSX's -36.24%.
CIOVX currently has the higher Sharpe Ratio (1.53 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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