FAERX vs. SWISX
FAERX (Fidelity Advisor Overseas Fund Class M) and SWISX (Schwab International Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAERX returned 7.06%/yr vs 9.58%/yr for SWISX. Their correlation of 0.92 suggests significant overlap in exposure. FAERX charges 1.65%/yr vs 0.06%/yr for SWISX.
Performance
FAERX vs. SWISX - Performance Comparison
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Returns By Period
Over the past 10 years, FAERX has underperformed SWISX with an annualized return of 7.06%, while SWISX has yielded a comparatively higher 9.58% annualized return.
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.04%
- 3Y*
- 7.45%
- 5Y*
- 3.31%
- 10Y*
- 7.06%
SWISX
- 1D
- 0.83%
- 1M
- 1.99%
- YTD
- 10.58%
- 6M
- 10.97%
- 1Y
- 25.29%
- 3Y*
- 16.19%
- 5Y*
- 9.33%
- 10Y*
- 9.58%
FAERX vs. SWISX - 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% |
SWISX Schwab International Index Fund | 10.58% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
Correlation
The correlation between FAERX and SWISX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.92 |
Over the past year, the correlation between FAERX and SWISX has dropped to 0.55 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
FAERX vs. SWISX — Risk / Return Rank
FAERX
SWISX
FAERX vs. SWISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class M (FAERX) and Schwab International Index Fund (SWISX). 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 | SWISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.14 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.16 | 8.03 | -8.18 |
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Drawdowns
FAERX vs. SWISX - Drawdown Comparison
The maximum FAERX drawdown since its inception was -60.14%, roughly equal to the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for FAERX and SWISX.
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Drawdown Indicators
| FAERX | SWISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.14% | -60.65% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -11.39% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -13.68% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -29.42% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.83% | -2.79% |
Current DrawdownCurrent decline from peak | -5.89% | 0.00% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -14.36% | -14.79% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.04% | +1.12% |
Volatility
FAERX vs. SWISX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class M (FAERX) is 0.00%, while Schwab International Index Fund (SWISX) has a volatility of 5.02%. This indicates that FAERX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAERX | SWISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.02% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 13.02% | -9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 15.62% | -6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 16.37% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.88% | -0.24% |
FAERX vs. SWISX - Expense Ratio Comparison
FAERX has a 1.65% expense ratio, which is higher than SWISX's 0.06% expense ratio.
Dividends
FAERX vs. SWISX - Dividend Comparison
FAERX's dividend yield for the trailing twelve months is around 7.94%, more than SWISX's 3.21% 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% |
SWISX Schwab International Index Fund | 3.21% | 3.55% | 3.29% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% |
Frequently Asked Questions
FAERX and SWISX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWISX has higher volatility (5.02%) compared to FAERX (0.00%). In terms of maximum drawdown, FAERX dropped -60.14% vs SWISX's -60.65%.
SWISX currently has the higher Sharpe Ratio (1.56 vs -0.08), 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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