FAOIX vs. RPICX

Last updated Jun 23, 2026

FAOIX (Fidelity Advisor Overseas Fund Class I) and RPICX (T. Rowe Price Institutional International Disciplined Equity Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.88 suggests significant overlap in exposure. FAOIX charges 1.12%/yr vs 0.75%/yr for RPICX.

Performance

FAOIX vs. RPICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Overseas Fund Class I (FAOIX) and T. Rowe Price Institutional International Disciplined Equity Fund (RPICX). 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%

RPICX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAOIX vs. RPICX - 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%
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	8.78%	17.23%	-10.26%	5.14%	4.57%	23.46%	-10.41%	21.67%

Correlation

The correlation between FAOIX and RPICX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.88

The correlation between FAOIX and RPICX shifts across timeframes, from 0.56 (3 years) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FAOIX vs. RPICX — 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

RPICX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RPICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class I (FAOIX) and T. Rowe Price Institutional International Disciplined Equity Fund (RPICX). 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	RPICX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	—	—
Sortino ratio: Return per unit of downside risk	-0.01	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.06	—	—
Martin ratio: Return relative to average drawdown	-0.10	—	—

Drawdowns

Drawdown Indicators

	FAOIX	RPICX	Difference
Max Drawdown Largest peak-to-trough decline	-59.86%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	—	—
Current Drawdown Current decline from peak	-5.85%	—	—
Average Drawdown Average peak-to-trough decline	-14.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	FAOIX	RPICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	—	—

FAOIX vs. RPICX - Expense Ratio Comparison

FAOIX has a 1.12% expense ratio, which is higher than RPICX's 0.75% expense ratio.

Dividends

FAOIX vs. RPICX - Dividend Comparison

FAOIX's dividend yield for the trailing twelve months is around 8.49%, while RPICX has not paid dividends to shareholders.

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%
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	3.48%	2.79%	0.84%	3.15%	2.70%	3.61%	19.04%	6.08%	1.68%	2.37%

Frequently Asked Questions

Can I hold both FAOIX and RPICX in my portfolio?

FAOIX and RPICX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.