FAOCX vs. GQJPX

Last updated Aug 4, 2026

FAOCX (Fidelity Advisor Overseas Fund Class C) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - FAOCX is a Foreign Large Cap Equities fund managed by Fidelity, while GQJPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, FAOCX returned 1.81%/yr vs 9.67%/yr for GQJPX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. FAOCX charges 2.25%/yr vs 0.91%/yr for GQJPX.

Performance

FAOCX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Overseas Fund Class C (FAOCX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAOCX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -0.57%
• 3Y*: 7.00%
• 5Y*: 1.81%
• 10Y*: 6.54%
• ALL TIME*: 4.61%

GQJPX

• 1D: -0.31%
• 1M: 4.98%
• 6M: 4.52%
• YTD: 10.50%
• 1Y: 20.10%
• 3Y*: 16.70%
• 5Y*: 9.67%
• 10Y*: —
• ALL TIME*: 9.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAOCX Fidelity Advisor Overseas Fund Class C	$0.00	$0.00	$0.00
GQJPX GQG Partners International Quality Dividend Income Fund	$0.00	$0.00	$0.00

FAOCX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FAOCX Fidelity Advisor Overseas Fund Class C	0.00%	14.19%	3.86%	19.03%	-25.22%	6.66%
GQJPX GQG Partners International Quality Dividend Income Fund	10.50%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between FAOCX and GQJPX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.64

Over the past year, the correlation between FAOCX and GQJPX has dropped to 0.23 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

FAOCX vs. GQJPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAOCX

FAOCX Risk / Return Rank: 2
FAOCX Sharpe Ratio Rank: 2
FAOCX Sortino Ratio Rank: 1
FAOCX Omega Ratio Rank: 1
FAOCX Calmar Ratio Rank: 1
FAOCX Martin Ratio Rank: 2

GQJPX

GQJPX Risk / Return Rank: 68
GQJPX Sharpe Ratio Rank: 80
GQJPX Sortino Ratio Rank: 76
GQJPX Omega Ratio Rank: 76
GQJPX Calmar Ratio Rank: 70
GQJPX Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAOCX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class C (FAOCX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.95	-2.31
Sortino ratio: Return per unit of downside risk	-0.44	2.70	-3.14
Omega ratio: Gain probability vs. loss probability	0.92	1.35	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.37	2.39	-2.77
Martin ratio: Return relative to average drawdown	-0.56	5.95	-6.52

FAOCX vs. GQJPX - Sharpe Ratio Comparison

The current FAOCX Sharpe Ratio is -0.36, which is lower than the GQJPX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FAOCX and GQJPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAOCX vs. GQJPX - Drawdown Comparison

The maximum FAOCX drawdown since its inception was -60.45%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for FAOCX and GQJPX.

Drawdown Indicators

	FAOCX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-60.45%	-21.83%	-38.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.33%	-8.56%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.05%	-9.45%	-4.60%
Max Drawdown (5Y) Largest decline over 5 years	-36.96%	-21.83%	-15.13%
Max Drawdown (10Y) Largest decline over 10 years	-36.96%	—	—
Current Drawdown Current decline from peak	-5.90%	-1.37%	-4.53%
Average Drawdown Average peak-to-trough decline	-15.58%	-5.50%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	3.43%	+1.09%

Volatility

FAOCX vs. GQJPX - Volatility Comparison

The current volatility for Fidelity Advisor Overseas Fund Class C (FAOCX) is 0.00%, while GQG Partners International Quality Dividend Income Fund (GQJPX) has a volatility of 2.93%. This indicates that FAOCX experiences smaller price fluctuations and is considered to be less risky than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAOCX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.93%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	8.65%	-8.65%
Volatility (1Y) Calculated over the trailing 1-year period	7.67%	10.53%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	12.84%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.28%	12.89%	+3.39%

FAOCX vs. GQJPX - Expense Ratio Comparison

FAOCX has a 2.25% expense ratio, which is higher than GQJPX's 0.91% expense ratio.

Dividends

FAOCX vs. GQJPX - Dividend Comparison

FAOCX's dividend yield for the trailing twelve months is around 8.26%, more than GQJPX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
GQJPX GQG Partners International Quality Dividend Income Fund	3.80%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAOCX and GQJPX in my portfolio?

FAOCX and GQJPX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAOCX or GQJPX?

GQJPX has higher volatility (2.93%) compared to FAOCX (0.00%). In terms of maximum drawdown, FAOCX dropped -60.45% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.95 vs -0.36), 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.