FAOAX vs. TIVFX
FAOAX (Fidelity Advisor Overseas Fund Class A) and TIVFX (American Beacon Tocqueville International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAOAX returned 7.35%/yr vs 9.94%/yr for TIVFX. A 0.76 correlation means they provide meaningful diversification when combined. FAOAX charges 1.43%/yr vs 1.20%/yr for TIVFX.
Performance
FAOAX vs. TIVFX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOAX has underperformed TIVFX with an annualized return of 7.35%, while TIVFX has yielded a comparatively higher 9.94% annualized return.
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.14%
- 3Y*
- 7.64%
- 5Y*
- 3.50%
- 10Y*
- 7.35%
TIVFX
- 1D
- 1.67%
- 1M
- 3.67%
- YTD
- 38.55%
- 6M
- 39.47%
- 1Y
- 66.74%
- 3Y*
- 25.27%
- 5Y*
- 12.18%
- 10Y*
- 9.94%
FAOAX vs. TIVFX - 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% |
TIVFX American Beacon Tocqueville International Value Fund | 38.55% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
Correlation
The correlation between FAOAX and TIVFX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 1994 | 0.76 |
Over the past year, the correlation between FAOAX and TIVFX has dropped to 0.38 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FAOAX vs. TIVFX — Risk / Return Rank
FAOAX
TIVFX
FAOAX vs. TIVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class A (FAOAX) and American Beacon Tocqueville International Value Fund (TIVFX). 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 | TIVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.57 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 5.66 | -5.74 |
| Martin ratioReturn relative to average drawdown | -0.13 | 20.01 | -20.14 |
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Drawdowns
FAOAX vs. TIVFX - Drawdown Comparison
The maximum FAOAX drawdown since its inception was -60.03%, which is greater than TIVFX's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for FAOAX and TIVFX.
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Drawdown Indicators
| FAOAX | TIVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.03% | -54.21% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -11.69% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -23.99% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -36.31% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | -41.51% | +5.01% |
Current DrawdownCurrent decline from peak | -5.87% | 0.00% | -5.87% |
Average DrawdownAverage peak-to-trough decline | -14.54% | -13.37% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 3.30% | +0.85% |
Volatility
FAOAX vs. TIVFX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class A (FAOAX) is 0.00%, while American Beacon Tocqueville International Value Fund (TIVFX) has a volatility of 9.25%. This indicates that FAOAX experiences smaller price fluctuations and is considered to be less risky than TIVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOAX | TIVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 9.25% | -9.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 16.71% | -13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 19.88% | -11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 18.91% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 17.76% | -1.12% |
FAOAX vs. TIVFX - Expense Ratio Comparison
FAOAX has a 1.43% expense ratio, which is higher than TIVFX's 1.20% expense ratio.
Dividends
FAOAX vs. TIVFX - Dividend Comparison
FAOAX's dividend yield for the trailing twelve months is around 8.54%, more than TIVFX's 6.37% 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% |
TIVFX American Beacon Tocqueville International Value Fund | 6.37% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
Frequently Asked Questions
FAOAX and TIVFX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIVFX has higher volatility (9.25%) compared to FAOAX (0.00%). In terms of maximum drawdown, FAOAX dropped -60.03% vs TIVFX's -54.21%.
TIVFX currently has the higher Sharpe Ratio (3.33 vs -0.07), 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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