DHIAX vs. FAERX
DHIAX (Diamond Hill International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 5 years, DHIAX returned 8.09%/yr vs 2.04%/yr for FAERX. Their correlation of 0.83 means they have usually moved in the same direction. DHIAX charges 1.13%/yr vs 1.65%/yr for FAERX.
Performance
DHIAX vs. FAERX - Performance Comparison
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Returns By Period
DHIAX
- 1D
- 0.44%
- 1M
- 0.87%
- 6M
- 2.44%
- YTD
- 10.59%
- 1Y
- 22.82%
- 3Y*
- 15.01%
- 5Y*
- 8.09%
- 10Y*
- —
- ALL TIME*
- 9.65%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.93%
- 3Y*
- 8.48%
- 5Y*
- 2.04%
- 10Y*
- 7.13%
- ALL TIME*
- 5.57%
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 |
DHIAX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHIAX Diamond Hill International Fund | 10.59% | 27.86% | 3.55% | 17.88% | -13.82% | 12.41% | 6.48% | 7.92% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 6.80% |
Correlation
The correlation between DHIAX and FAERX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2019 | 0.83 |
Over the past year, the correlation between DHIAX and FAERX has dropped to 0.38 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
DHIAX vs. FAERX — Risk / Return Rank
DHIAX
FAERX
DHIAX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill International Fund (DHIAX) 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.
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.
| DHIAX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.07 | +2.49 |
| Martin ratioReturn relative to average drawdown | 8.49 | -0.10 | +8.59 |
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Drawdowns
DHIAX vs. FAERX - Drawdown Comparison
The maximum DHIAX drawdown since its inception was -36.15%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for DHIAX and FAERX.
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Drawdown Indicators
| DHIAX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.15% | -60.14% | +23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.29% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.51% | -14.00% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -36.62% | +7.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.62% | — |
Current DrawdownCurrent decline from peak | -1.20% | -5.89% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -14.34% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 4.54% | -1.69% |
Volatility
DHIAX vs. FAERX - Volatility Comparison
Diamond Hill International Fund (DHIAX) has a higher volatility of 3.80% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that DHIAX'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.
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Volatility by Period
| DHIAX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 0.00% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 0.00% | +12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 7.54% | +7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 16.66% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 16.29% | +1.47% |
DHIAX vs. FAERX - Expense Ratio Comparison
DHIAX has a 1.13% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
DHIAX vs. FAERX - Dividend Comparison
DHIAX's dividend yield for the trailing twelve months is around 4.08%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHIAX Diamond Hill International Fund | 4.08% | 4.51% | 1.26% | 0.92% | 1.14% | 3.71% | 0.89% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
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
DHIAX and FAERX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHIAX has higher volatility (3.80%) compared to FAERX (0.00%). In terms of maximum drawdown, DHIAX dropped -36.15% vs FAERX's -60.14%.
DHIAX currently has the higher Sharpe Ratio (1.65 vs -0.07), 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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