FAERX vs. FAOSX
FAERX (Fidelity Advisor Overseas Fund Class M) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FAERX returned 2.30%/yr vs 2.86%/yr for FAOSX. Their 1.00 correlation means they have historically moved very closely together. FAERX charges 1.65%/yr vs 1.02%/yr for FAOSX.
Performance
FAERX vs. FAOSX - Performance Comparison
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Returns By Period
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.42%
- 3Y*
- 7.43%
- 5Y*
- 2.30%
- 10Y*
- 7.12%
- ALL TIME*
- 5.57%
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 |
FAERX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 25.98% |
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 FAERX and FAOSX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 1.00 |
The correlation between FAERX and FAOSX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FAERX vs. FAOSX — Risk / Return Rank
FAERX
FAOSX
FAERX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class M (FAERX) 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.
| FAERX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.93 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.32 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.53 | -0.48 | -0.04 |
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Drawdowns
FAERX vs. FAOSX - Drawdown Comparison
The maximum FAERX drawdown since its inception was -60.14%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for FAERX and FAOSX.
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Drawdown Indicators
| FAERX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.14% | -36.24% | -23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -7.26% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -13.96% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -36.24% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | — | — |
Current DrawdownCurrent decline from peak | -5.89% | -5.86% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -7.90% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 4.48% | +0.03% |
Volatility
FAERX vs. FAOSX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class M (FAERX) is 0.00%, while Fidelity Advisor Overseas Fund Class Z (FAOSX) has a volatility of 0.00%. This indicates that FAERX experiences smaller price fluctuations and is considered to be less risky 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
| FAERX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.00% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 0.00% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 7.68% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 16.65% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 16.56% | -0.28% |
FAERX vs. FAOSX - Expense Ratio Comparison
FAERX has a 1.65% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
FAERX vs. FAOSX - Dividend Comparison
FAERX's dividend yield for the trailing twelve months is around 7.94%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
With a correlation of 1.00, FAERX and FAOSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FAOSX has higher volatility (0.00%) compared to FAERX (0.00%). In terms of maximum drawdown, FAERX dropped -60.14% vs FAOSX's -36.24%.
FAOSX currently has the higher Sharpe Ratio (-0.30 vs -0.33), 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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