FAOIX vs. PZRIX
FAOIX (Fidelity Advisor Overseas Fund Class I) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FAOIX returned 7.92%/yr vs 9.84%/yr for PZRIX. Their correlation of 0.81 suggests significant overlap in exposure. FAOIX charges 1.12%/yr vs 0.00%/yr for PZRIX.
Performance
FAOIX vs. PZRIX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOIX has underperformed PZRIX with an annualized return of 7.92%, while PZRIX has yielded a comparatively higher 9.84% annualized return.
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.95%
- 3Y*
- 9.23%
- 5Y*
- 3.24%
- 10Y*
- 7.92%
PZRIX
- 1D
- 0.88%
- 1M
- -1.95%
- 6M
- 8.44%
- YTD
- 11.61%
- 1Y
- 25.78%
- 3Y*
- 18.65%
- 5Y*
- 10.32%
- 10Y*
- 9.84%
FAOIX vs. PZRIX - 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% |
PZRIX PIMCO RAE Global ex-US Fund | 11.61% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Correlation
The correlation between FAOIX and PZRIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.81 |
Over the past year, the correlation between FAOIX and PZRIX has dropped to 0.45 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
FAOIX vs. PZRIX — Risk / Return Rank
FAOIX
PZRIX
FAOIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class I (FAOIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 3.09 | -3.77 |
| Martin ratioReturn relative to average drawdown | -1.07 | 9.43 | -10.50 |
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Drawdowns
FAOIX vs. PZRIX - Drawdown Comparison
The maximum FAOIX drawdown since its inception was -59.86%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for FAOIX and PZRIX.
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Drawdown Indicators
| FAOIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.86% | -43.53% | -16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -8.18% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -13.81% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -30.85% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -43.53% | +7.20% |
Current DrawdownCurrent decline from peak | -5.85% | -3.75% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -8.84% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.68% | +1.61% |
Volatility
FAOIX vs. PZRIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class I (FAOIX) is 0.00%, while PIMCO RAE Global ex-US Fund (PZRIX) has a volatility of 4.33%. This indicates that FAOIX experiences smaller price fluctuations and is considered to be less risky than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.33% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 9.85% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.36% | 12.12% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 15.78% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 16.64% | -0.34% |
FAOIX vs. PZRIX - Expense Ratio Comparison
FAOIX has a 1.12% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Dividends
FAOIX vs. PZRIX - Dividend Comparison
FAOIX's dividend yield for the trailing twelve months is around 8.49%, more than PZRIX's 5.87% 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% |
PZRIX PIMCO RAE Global ex-US Fund | 5.87% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Frequently Asked Questions
FAOIX and PZRIX 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.
PZRIX has higher volatility (4.33%) compared to FAOIX (0.00%). In terms of maximum drawdown, FAOIX dropped -59.86% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.09 vs -0.59), 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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