FAOAX vs. WEUSX

Last updated Jun 5, 2026

FAOAX (Fidelity Advisor Overseas Fund Class A) and WEUSX (SEI Institutional Investments Trust World Equity Ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAOAX returned 7.17%/yr vs 10.05%/yr for WEUSX. Their correlation of 0.89 suggests significant overlap in exposure. FAOAX charges 1.43%/yr vs 0.63%/yr for WEUSX.

Performance

FAOAX vs. WEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Overseas Fund Class A (FAOAX) and SEI Institutional Investments Trust World Equity Ex-US Fund (WEUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, FAOAX has underperformed WEUSX with an annualized return of 7.17%, while WEUSX has yielded a comparatively higher 10.05% annualized return.

FAOAX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -2.34%
• 3Y*: 8.51%
• 5Y*: 3.23%
• 10Y*: 7.17%

WEUSX

• 1D: -0.70%
• 1M: 4.20%
• YTD: 12.69%
• 6M: 14.69%
• 1Y: 26.83%
• 3Y*: 19.56%
• 5Y*: 8.06%
• 10Y*: 10.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAOAX vs. WEUSX - 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%
WEUSX SEI Institutional Investments Trust World Equity Ex-US Fund	12.69%	29.41%	7.19%	16.95%	-16.61%	7.36%	14.61%	23.74%	-16.01%	29.52%

Correlation

The correlation between FAOAX and WEUSX is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.89

Over the past year, the correlation between FAOAX and WEUSX has dropped to 0.52 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

FAOAX vs. WEUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAOAX

FAOAX Risk / Return Rank: 2
FAOAX Sharpe Ratio Rank: 2
FAOAX Sortino Ratio Rank: 2
FAOAX Omega Ratio Rank: 2
FAOAX Calmar Ratio Rank: 2
FAOAX Martin Ratio Rank: 2

WEUSX

WEUSX Risk / Return Rank: 48
WEUSX Sharpe Ratio Rank: 51
WEUSX Sortino Ratio Rank: 48
WEUSX Omega Ratio Rank: 49
WEUSX Calmar Ratio Rank: 45
WEUSX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAOAX vs. WEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class A (FAOAX) and SEI Institutional Investments Trust World Equity Ex-US Fund (WEUSX). 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.

	FAOAX	WEUSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.04	-2.27
Sortino ratio: Return per unit of downside risk	-0.25	2.84	-3.09
Omega ratio: Gain probability vs. loss probability	0.96	1.37	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.28	2.48	-2.76
Martin ratio: Return relative to average drawdown	-0.48	9.39	-9.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAOAX vs. WEUSX - Sharpe Ratio Comparison

The current FAOAX Sharpe Ratio is -0.22, which is lower than the WEUSX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of FAOAX and WEUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAOAX	WEUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	2.04	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.42	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.56	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.19	+0.11

Drawdowns

FAOAX vs. WEUSX - Drawdown Comparison

The maximum FAOAX drawdown since its inception was -60.03%, smaller than the maximum WEUSX drawdown of -67.47%. Use the drawdown chart below to compare losses from any high point for FAOAX and WEUSX.

Drawdown Indicators

	FAOAX	WEUSX	Difference
Max Drawdown Largest peak-to-trough decline	-60.03%	-67.47%	+7.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.29%	-11.11%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-13.99%	-14.22%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.50%	-39.17%	+2.67%
Max Drawdown (10Y) Largest decline over 10 years	-36.50%	-39.17%	+2.67%
Current Drawdown Current decline from peak	-5.87%	-0.70%	-5.17%
Average Drawdown Average peak-to-trough decline	-14.55%	-23.05%	+8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	2.93%	+1.07%

Volatility

FAOAX vs. WEUSX - Volatility Comparison

The current volatility for Fidelity Advisor Overseas Fund Class A (FAOAX) is 0.00%, while SEI Institutional Investments Trust World Equity Ex-US Fund (WEUSX) has a volatility of 4.02%. This indicates that FAOAX experiences smaller price fluctuations and is considered to be less risky than WEUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAOAX	WEUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.02%	-4.02%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	10.93%	-6.95%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	13.51%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	19.29%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	17.97%	-1.29%

FAOAX vs. WEUSX - Expense Ratio Comparison

FAOAX has a 1.43% expense ratio, which is higher than WEUSX's 0.63% expense ratio.

Dividends

FAOAX vs. WEUSX - Dividend Comparison

FAOAX's dividend yield for the trailing twelve months is around 8.54%, less than WEUSX's 11.12% 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%
WEUSX SEI Institutional Investments Trust World Equity Ex-US Fund	11.12%	12.53%	4.12%	2.99%	5.00%	23.87%	1.68%	2.48%	5.75%	2.27%	2.00%	2.62%

Frequently Asked Questions

Can I hold both FAOAX and WEUSX in my portfolio?

FAOAX and WEUSX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAOAX or WEUSX?

WEUSX has higher volatility (4.02%) compared to FAOAX (0.00%). In terms of maximum drawdown, FAOAX dropped -60.03% vs WEUSX's -67.47%.

Which has better risk-adjusted returns?

WEUSX currently has the higher Sharpe Ratio (2.04 vs -0.22), 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.