FAOCX vs. FXAIX
FAOCX (Fidelity Advisor Overseas Fund Class C) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - FAOCX 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, FAOCX returned 6.48%/yr vs 15.80%/yr for FXAIX. A 0.76 correlation means they provide meaningful diversification when combined. FAOCX charges 2.25%/yr vs 0.02%/yr for FXAIX.
Performance
FAOCX vs. FXAIX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOCX has underperformed FXAIX with an annualized return of 6.48%, while FXAIX has yielded a comparatively higher 15.80% annualized return.
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.01%
- 3Y*
- 6.99%
- 5Y*
- 2.79%
- 10Y*
- 6.48%
FXAIX
- 1D
- -0.37%
- 1M
- 0.10%
- YTD
- 9.79%
- 6M
- 8.79%
- 1Y
- 25.51%
- 3Y*
- 21.39%
- 5Y*
- 13.60%
- 10Y*
- 15.80%
FAOCX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
FXAIX Fidelity 500 Index Fund | 9.79% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between FAOCX and FXAIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.76 |
Over the past year, the correlation between FAOCX and FXAIX has dropped to 0.42 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FAOCX vs. FXAIX — Risk / Return Rank
FAOCX
FXAIX
FAOCX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class C (FAOCX) 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.
| FAOCX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.39 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.02 | -3.15 |
| Martin ratioReturn relative to average drawdown | -0.21 | 13.62 | -13.84 |
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Drawdowns
FAOCX vs. FXAIX - Drawdown Comparison
The maximum FAOCX drawdown since its inception was -60.45%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FAOCX and FXAIX.
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Drawdown Indicators
| FAOCX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.45% | -33.79% | -26.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -8.89% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -18.76% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -36.96% | -24.50% | -12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | -33.79% | -3.17% |
Current DrawdownCurrent decline from peak | -5.90% | -1.72% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -3.79% | -11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 1.97% | +2.20% |
Volatility
FAOCX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class C (FAOCX) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.68%. This indicates that FAOCX 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
| FAOCX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.68% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 9.84% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 12.50% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 17.00% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 18.12% | -1.48% |
FAOCX vs. FXAIX - Expense Ratio Comparison
FAOCX has a 2.25% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
FAOCX vs. FXAIX - Dividend Comparison
FAOCX's dividend yield for the trailing twelve months is around 8.26%, more than FXAIX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.04% | 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
FAOCX and FXAIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXAIX has higher volatility (4.68%) compared to FAOCX (0.00%). In terms of maximum drawdown, FAOCX dropped -60.45% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (2.15 vs -0.11), 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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