FAOAX vs. FSPGX
FAOAX (Fidelity Advisor Overseas Fund Class A) and FSPGX (Fidelity Large Cap Growth Index Fund) are both mutual funds - FAOAX is a Foreign Large Cap Equities fund managed by Fidelity, while FSPGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FAOAX returned 2.49%/yr vs 11.68%/yr for FSPGX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FAOAX charges 1.43%/yr vs 0.04%/yr for FSPGX.
Performance
FAOAX vs. FSPGX - Performance Comparison
Loading charts...
Returns By Period
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.36%
- 3Y*
- 7.62%
- 5Y*
- 2.49%
- 10Y*
- 7.41%
- ALL TIME*
- 5.44%
FSPGX
- 1D
- 2.95%
- 1M
- -3.22%
- 6M
- 1.01%
- YTD
- -0.52%
- 1Y
- 9.22%
- 3Y*
- 18.94%
- 5Y*
- 11.68%
- 10Y*
- —
- ALL TIME*
- 17.82%
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 |
FAOAX vs. FSPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
FSPGX Fidelity Large Cap Growth Index Fund | -0.52% | 18.54% | 33.27% | 42.77% | -29.17% | 27.57% | 38.46% | 36.38% | -1.79% | 27.70% |
Correlation
The correlation between FAOAX and FSPGX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.67 |
Over the past year, the correlation between FAOAX and FSPGX has dropped to 0.31 - well below their long-term average of 0.67, 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
FAOAX vs. FSPGX — Risk / Return Rank
FAOAX
FSPGX
FAOAX vs. FSPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class A (FAOAX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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.
| FAOAX | FSPGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.08 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.45 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.52 | 1.34 | -1.86 |
Loading charts...
Drawdowns
FAOAX vs. FSPGX - Drawdown Comparison
The maximum FAOAX drawdown since its inception was -60.03%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FAOAX and FSPGX.
Loading charts...
Drawdown Indicators
| FAOAX | FSPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.03% | -32.66% | -27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -16.17% | +8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -23.32% | +9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -32.66% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | — | — |
Current DrawdownCurrent decline from peak | -5.87% | -8.74% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -6.36% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 5.38% | -0.89% |
Volatility
FAOAX vs. FSPGX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class A (FAOAX) is 0.00%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 6.40%. This indicates that FAOAX experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FAOAX | FSPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 6.40% | -6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 14.04% | -14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 17.49% | -9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 21.81% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 21.58% | -5.30% |
FAOAX vs. FSPGX - Expense Ratio Comparison
FAOAX has a 1.43% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Dividends
FAOAX vs. FSPGX - Dividend Comparison
FAOAX's dividend yield for the trailing twelve months is around 8.54%, more than FSPGX's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.39% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
Frequently Asked Questions
FAOAX and FSPGX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPGX has higher volatility (6.40%) compared to FAOAX (0.00%). In terms of maximum drawdown, FAOAX dropped -60.03% vs FSPGX's -32.66%.
FSPGX currently has the higher Sharpe Ratio (0.41 vs -0.32), 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 FAOAX and FSPGX
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