FAOCX vs. KGIIX
FAOCX (Fidelity Advisor Overseas Fund Class C) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAOCX returned 6.48%/yr vs 9.34%/yr for KGIIX. At a 0.50 correlation, their price movements are largely independent. FAOCX charges 2.25%/yr vs 1.04%/yr for KGIIX.
Performance
FAOCX vs. KGIIX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOCX has underperformed KGIIX with an annualized return of 6.48%, while KGIIX has yielded a comparatively higher 9.34% 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%
KGIIX
- 1D
- -1.10%
- 1M
- -4.28%
- YTD
- 4.07%
- 6M
- 3.46%
- 1Y
- 25.88%
- 3Y*
- 17.40%
- 5Y*
- 8.08%
- 10Y*
- 9.34%
FAOCX vs. KGIIX - 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% |
KGIIX Kopernik International Fund | 4.07% | 54.97% | -7.01% | 13.86% | -14.05% | 16.62% | 18.94% | 16.37% | -6.24% | 10.50% |
Correlation
The correlation between FAOCX and KGIIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.50 |
Over the past year, the correlation between FAOCX and KGIIX has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
FAOCX vs. KGIIX — Risk / Return Rank
FAOCX
KGIIX
FAOCX vs. KGIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class C (FAOCX) and Kopernik International Fund (KGIIX). 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 | KGIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.92 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.21 | 8.47 | -8.69 |
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Drawdowns
FAOCX vs. KGIIX - Drawdown Comparison
The maximum FAOCX drawdown since its inception was -60.45%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for FAOCX and KGIIX.
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Drawdown Indicators
| FAOCX | KGIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.45% | -27.81% | -32.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -9.27% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -13.58% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -36.96% | -27.81% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.96% | -27.81% | -9.15% |
Current DrawdownCurrent decline from peak | -5.90% | -9.27% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -6.11% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.19% | +0.98% |
Volatility
FAOCX vs. KGIIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class C (FAOCX) is 0.00%, while Kopernik International Fund (KGIIX) has a volatility of 3.77%. This indicates that FAOCX experiences smaller price fluctuations and is considered to be less risky than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOCX | KGIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.77% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 10.77% | -7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 13.22% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 13.27% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 12.66% | +3.98% |
FAOCX vs. KGIIX - Expense Ratio Comparison
FAOCX has a 2.25% expense ratio, which is higher than KGIIX's 1.04% expense ratio.
Dividends
FAOCX vs. KGIIX - Dividend Comparison
FAOCX's dividend yield for the trailing twelve months is around 8.26%, less than KGIIX's 13.71% 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% |
KGIIX Kopernik International Fund | 13.71% | 14.26% | 0.48% | 12.56% | 2.46% | 5.77% | 2.89% | 2.50% | 1.19% | 1.35% | 0.33% |
Frequently Asked Questions
FAOCX and KGIIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGIIX has higher volatility (3.77%) compared to FAOCX (0.00%). In terms of maximum drawdown, FAOCX dropped -60.45% vs KGIIX's -27.81%.
KGIIX currently has the higher Sharpe Ratio (2.05 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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