DFWVX vs. FAOSX
DFWVX (DFA World ex U.S. Value Portfolio Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, DFWVX returned 17.26%/yr vs 2.86%/yr for FAOSX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. DFWVX charges 0.40%/yr vs 1.02%/yr for FAOSX.
Performance
DFWVX vs. FAOSX - Performance Comparison
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Returns By Period
DFWVX
- 1D
- -0.15%
- 1M
- 2.33%
- 6M
- 8.50%
- YTD
- 15.79%
- 1Y
- 34.59%
- 3Y*
- 21.25%
- 5Y*
- 17.26%
- 10Y*
- 29.21%
- ALL TIME*
- 21.55%
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 |
DFWVX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFWVX DFA World ex U.S. Value Portfolio Fund | 15.79% | 40.30% | 6.66% | 17.37% | -6.41% | 32.65% | -0.40% | 344.89% | -16.69% | 22.34% |
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 DFWVX and FAOSX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
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 | 0.78 |
Over the past year, the correlation between DFWVX and FAOSX has dropped to 0.35 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
DFWVX vs. FAOSX — Risk / Return Rank
DFWVX
FAOSX
DFWVX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA World ex U.S. Value Portfolio Fund (DFWVX) 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.
| DFWVX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.93 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | -0.32 | +3.82 |
| Martin ratioReturn relative to average drawdown | 12.33 | -0.48 | +12.81 |
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Drawdowns
DFWVX vs. FAOSX - Drawdown Comparison
The maximum DFWVX drawdown since its inception was -41.32%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for DFWVX and FAOSX.
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Drawdown Indicators
| DFWVX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -36.24% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -7.26% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -13.96% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -36.24% | +11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -5.86% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.90% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 4.48% | -1.67% |
Volatility
DFWVX vs. FAOSX - Volatility Comparison
DFA World ex U.S. Value Portfolio Fund (DFWVX) has a higher volatility of 4.82% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that DFWVX'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
| DFWVX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 0.00% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 0.00% | +12.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 7.68% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.65% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.79% | 16.56% | +18.23% |
DFWVX vs. FAOSX - Expense Ratio Comparison
DFWVX has a 0.40% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
DFWVX vs. FAOSX - Dividend Comparison
DFWVX's dividend yield for the trailing twelve months is around 3.33%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFWVX DFA World ex U.S. Value Portfolio Fund | 3.33% | 3.66% | 4.28% | 4.30% | 3.75% | 15.97% | 2.43% | 110.54% | 5.26% | 2.70% | 2.92% | 2.77% |
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
DFWVX and FAOSX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFWVX has higher volatility (4.82%) compared to FAOSX (0.00%). In terms of maximum drawdown, DFWVX dropped -41.32% vs FAOSX's -36.24%.
DFWVX currently has the higher Sharpe Ratio (2.47 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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