EXOSX vs. FAOIX
EXOSX (Manning & Napier Overseas Series) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, EXOSX returned 7.46%/yr vs 7.83%/yr for FAOIX. Their correlation of 0.87 suggests significant overlap in exposure. EXOSX charges 0.75%/yr vs 1.12%/yr for FAOIX.
Performance
EXOSX vs. FAOIX - Performance Comparison
Loading charts...
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with EXOSX having a 7.46% annualized return and FAOIX not far ahead at 7.83%.
EXOSX
- 1D
- -0.75%
- 1M
- 0.69%
- 6M
- 0.87%
- YTD
- 3.53%
- 1Y
- 6.89%
- 3Y*
- 8.62%
- 5Y*
- 2.06%
- 10Y*
- 7.46%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.97%
- 3Y*
- 7.67%
- 5Y*
- 3.14%
- 10Y*
- 7.83%
EXOSX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXOSX Manning & Napier Overseas Series | 3.53% | 16.21% | 3.33% | 19.89% | -24.26% | 11.50% | 27.07% | 27.52% | -17.23% | 23.92% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between EXOSX and FAOIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2002 | 0.87 |
Over the past year, the correlation between EXOSX and FAOIX has dropped to 0.44 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EXOSX vs. FAOIX — Risk / Return Rank
EXOSX
FAOIX
EXOSX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Overseas Series (EXOSX) and Fidelity Advisor Overseas Fund Class I (FAOIX). 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.
| EXOSX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.91 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.47 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.92 | -0.74 | +2.66 |
Loading charts...
Drawdowns
EXOSX vs. FAOIX - Drawdown Comparison
The maximum EXOSX drawdown since its inception was -55.50%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for EXOSX and FAOIX.
Loading charts...
Drawdown Indicators
| EXOSX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.50% | -59.86% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -7.28% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.91% | -13.98% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -37.71% | -36.33% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.71% | -36.33% | -1.38% |
Current DrawdownCurrent decline from peak | -2.00% | -5.85% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -14.18% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 4.31% | -0.86% |
Volatility
EXOSX vs. FAOIX - Volatility Comparison
Manning & Napier Overseas Series (EXOSX) has a higher volatility of 4.73% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that EXOSX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXOSX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 0.00% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 2.61% | +9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 8.28% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.71% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.30% | +0.23% |
EXOSX vs. FAOIX - Expense Ratio Comparison
EXOSX has a 0.75% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
EXOSX vs. FAOIX - Dividend Comparison
EXOSX's dividend yield for the trailing twelve months is around 1.10%, less than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXOSX Manning & Napier Overseas Series | 1.10% | 1.13% | 1.29% | 1.27% | 0.82% | 1.85% | 0.86% | 1.72% | 0.91% | 1.79% | 1.71% | 1.84% |
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
Frequently Asked Questions
EXOSX and FAOIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXOSX has higher volatility (4.73%) compared to FAOIX (0.00%). In terms of maximum drawdown, EXOSX dropped -55.50% vs FAOIX's -59.86%.
EXOSX currently has the higher Sharpe Ratio (0.45 vs -0.41), 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.
Find the right allocation for EXOSX and FAOIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer