FAOIX vs. GSIMX

Last updated Jun 23, 2026

FAOIX (Fidelity Advisor Overseas Fund Class I) and GSIMX (Goldman Sachs GQG Partners International Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FAOIX returned 3.78%/yr vs 8.73%/yr for GSIMX. Their correlation of 0.80 suggests significant overlap in exposure. FAOIX charges 1.12%/yr vs 0.76%/yr for GSIMX.

Performance

FAOIX vs. GSIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Overseas Fund Class I (FAOIX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAOIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.28%
• 3Y*: 7.90%
• 5Y*: 3.78%
• 10Y*: 7.58%

GSIMX

• 1D: -0.94%
• 1M: -4.79%
• YTD: 3.43%
• 6M: 4.22%
• 1Y: 10.23%
• 3Y*: 14.66%
• 5Y*: 8.73%
• 10Y*: —

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

FAOIX vs. GSIMX - 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%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	3.43%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-6.04%	29.92%

Correlation

The correlation between FAOIX and GSIMX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.80

Over the past year, the correlation between FAOIX and GSIMX has dropped to 0.38 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FAOIX vs. GSIMX — Risk / Return Rank

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

FAOIX

FAOIX Risk / Return Rank: 2
FAOIX Sharpe Ratio Rank: 3
FAOIX Sortino Ratio Rank: 2
FAOIX Omega Ratio Rank: 2
FAOIX Calmar Ratio Rank: 2
FAOIX Martin Ratio Rank: 3

GSIMX

GSIMX Risk / Return Rank: 15
GSIMX Sharpe Ratio Rank: 15
GSIMX Sortino Ratio Rank: 14
GSIMX Omega Ratio Rank: 15
GSIMX Calmar Ratio Rank: 15
GSIMX Martin Ratio Rank: 16

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.

FAOIX vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class I (FAOIX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). 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	GSIMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.02	-1.07
Sortino ratio: Return per unit of downside risk	-0.01	1.43	-1.44
Omega ratio: Gain probability vs. loss probability	1.00	1.19	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.06	1.29	-1.35
Martin ratio: Return relative to average drawdown	-0.10	4.01	-4.11

FAOIX vs. GSIMX - Sharpe Ratio Comparison

The current FAOIX Sharpe Ratio is -0.05, which is lower than the GSIMX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of FAOIX and GSIMX, 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

FAOIX vs. GSIMX - Drawdown Comparison

The maximum FAOIX drawdown since its inception was -59.86%, which is greater than GSIMX's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for FAOIX and GSIMX.

Drawdown Indicators

	FAOIX	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	-59.86%	-28.84%	-31.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-7.81%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	-10.32%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	-36.33%	-25.37%	-10.96%
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	—	—
Current Drawdown Current decline from peak	-5.85%	-6.44%	+0.59%
Average Drawdown Average peak-to-trough decline	-14.19%	-4.81%	-9.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	2.50%	+1.63%

Volatility

FAOIX vs. GSIMX - Volatility Comparison

The current volatility for Fidelity Advisor Overseas Fund Class I (FAOIX) is 0.00%, while Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) has a volatility of 2.79%. This indicates that FAOIX experiences smaller price fluctuations and is considered to be less risky than GSIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAOIX	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.79%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	3.63%	8.25%	-4.62%
Volatility (1Y) Calculated over the trailing 1-year period	8.78%	9.88%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	14.37%	+2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	15.68%	+0.97%

FAOIX vs. GSIMX - Expense Ratio Comparison

FAOIX has a 1.12% expense ratio, which is higher than GSIMX's 0.76% expense ratio.

Dividends

FAOIX vs. GSIMX - Dividend Comparison

FAOIX's dividend yield for the trailing twelve months is around 8.49%, more than GSIMX's 4.95% 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%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.95%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAOIX and GSIMX in my portfolio?

FAOIX and GSIMX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAOIX or GSIMX?

GSIMX has higher volatility (2.79%) compared to FAOIX (0.00%). In terms of maximum drawdown, FAOIX dropped -59.86% vs GSIMX's -28.84%.

Which has better risk-adjusted returns?

GSIMX currently has the higher Sharpe Ratio (1.02 vs -0.05), 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.