FAOIX vs. GMWEX
FAOIX (Fidelity Advisor Overseas Fund Class I) and GMWEX (GuideMark World ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAOIX returned 7.63%/yr vs 9.04%/yr for GMWEX. Their correlation of 0.93 means they have usually moved in the same direction. FAOIX charges 1.12%/yr vs 1.15%/yr for GMWEX.
Performance
FAOIX vs. GMWEX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOIX has underperformed GMWEX with an annualized return of 7.63%, while GMWEX has yielded a comparatively higher 9.04% annualized return.
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.86%
- 5Y*
- 2.74%
- 10Y*
- 7.63%
- ALL TIME*
- 5.75%
GMWEX
- 1D
- 2.51%
- 1M
- 2.43%
- 6M
- 7.16%
- YTD
- 11.14%
- 1Y
- 24.63%
- 3Y*
- 16.78%
- 5Y*
- 8.86%
- 10Y*
- 9.04%
- ALL TIME*
- 3.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAOIX vs. GMWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
GMWEX GuideMark World ex-US Fund | 11.14% | 33.60% | 5.36% | 15.97% | -16.19% | 11.70% | 8.58% | 20.02% | -14.12% | 25.97% |
Correlation
The correlation between FAOIX and GMWEX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002 | 0.93 |
Over the past year, the correlation between FAOIX and GMWEX has dropped to 0.45 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
FAOIX vs. GMWEX — Risk / Return Rank
FAOIX
GMWEX
FAOIX vs. GMWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class I (FAOIX) and GuideMark World ex-US Fund (GMWEX). 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.
| FAOIX | GMWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.29 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.28 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.49 | 8.77 | -9.26 |
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Drawdowns
FAOIX vs. GMWEX - Drawdown Comparison
The maximum FAOIX drawdown since its inception was -59.86%, smaller than the maximum GMWEX drawdown of -70.00%. Use the drawdown chart below to compare losses from any high point for FAOIX and GMWEX.
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Drawdown Indicators
| FAOIX | GMWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.86% | -70.00% | +10.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -10.42% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -12.52% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -31.28% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -35.51% | -0.82% |
Current DrawdownCurrent decline from peak | -5.85% | 0.00% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -30.82% | +16.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 2.70% | +1.78% |
Volatility
FAOIX vs. GMWEX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class I (FAOIX) is 0.00%, while GuideMark World ex-US Fund (GMWEX) has a volatility of 4.43%. This indicates that FAOIX experiences smaller price fluctuations and is considered to be less risky than GMWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOIX | GMWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.43% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 12.62% | -12.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 14.87% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 15.78% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 16.00% | +0.29% |
FAOIX vs. GMWEX - Expense Ratio Comparison
FAOIX has a 1.12% expense ratio, which is lower than GMWEX's 1.15% expense ratio.
Dividends
FAOIX vs. GMWEX - Dividend Comparison
FAOIX's dividend yield for the trailing twelve months is around 8.49%, less than GMWEX's 13.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
GMWEX GuideMark World ex-US Fund | 13.18% | 14.64% | 2.94% | 3.43% | 3.11% | 1.08% | 2.01% | 1.66% | 1.61% | 1.43% | 1.86% | 2.70% |
Frequently Asked Questions
FAOIX and GMWEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMWEX has higher volatility (4.43%) compared to FAOIX (0.00%). In terms of maximum drawdown, FAOIX dropped -59.86% vs GMWEX's -70.00%.
GMWEX currently has the higher Sharpe Ratio (1.60 vs -0.31), 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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