FAERX vs. FXAIX
FAERX (Fidelity Advisor Overseas Fund Class M) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FAERX is a Foreign Large Cap Equities fund managed by Fidelity, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FAERX returned 7.12%/yr vs 15.16%/yr for FXAIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FAERX charges 1.65%/yr vs 0.02%/yr for FXAIX.
Performance
FAERX vs. FXAIX - Performance Comparison
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Returns By Period
Over the past 10 years, FAERX has underperformed FXAIX with an annualized return of 7.12%, while FXAIX has yielded a comparatively higher 15.16% annualized return.
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%
FXAIX
- 1D
- 0.71%
- 1M
- 0.15%
- 6M
- 7.97%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.42%
- 5Y*
- 12.84%
- 10Y*
- 15.16%
- ALL TIME*
- 13.94%
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. FXAIX - 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% | 29.37% |
FXAIX Fidelity 500 Index Fund | 10.13% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FAERX and FXAIX 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. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.75 |
Over the past year, the correlation between FAERX and FXAIX has dropped to 0.37 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
FAERX vs. FXAIX — Risk / Return Rank
FAERX
FXAIX
FAERX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class M (FAERX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.21 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.53 | 9.48 | -10.01 |
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Drawdowns
FAERX vs. FXAIX - Drawdown Comparison
The maximum FAERX drawdown since its inception was -60.14%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FAERX and FXAIX.
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Drawdown Indicators
| FAERX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.14% | -33.79% | -26.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -8.89% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -18.76% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -24.50% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.79% | -2.83% |
Current DrawdownCurrent decline from peak | -5.89% | -1.41% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -3.77% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.07% | +2.44% |
Volatility
FAERX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class M (FAERX) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.52%. This indicates that FAERX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAERX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.52% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 10.11% | -10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 12.87% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 17.02% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 18.07% | -1.79% |
FAERX vs. FXAIX - Expense Ratio Comparison
FAERX has a 1.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FAERX vs. FXAIX - Dividend Comparison
FAERX's dividend yield for the trailing twelve months is around 7.94%, more than FXAIX's 1.06% 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% |
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FAERX and FXAIX 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.
FXAIX has higher volatility (3.52%) compared to FAERX (0.00%). In terms of maximum drawdown, FAERX dropped -60.14% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.53 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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