FAOIX vs. RPICX

Last updated Apr 4, 2026

Compare and contrast key facts about Fidelity Advisor Overseas Fund Class I (FAOIX) and T. Rowe Price Institutional International Disciplined Equity Fund (RPICX).

FAOIX is managed by Fidelity. It was launched on Jul 3, 1995. RPICX is managed by T. Rowe Price. It was launched on Jul 27, 2010.

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: -5.30%
• 1Y: 9.47%
• 3Y*: 9.70%
• 5Y*: 4.90%
• 10Y*: 7.81%

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'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.

FAOIX vs. RPICX - Expense Ratio Comparison

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

FAOIX

Fidelity Advisor Overseas Fund Class I

RPICX

T. Rowe Price Institutional International Disciplined Equity Fund

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: 13
FAOIX Sharpe Ratio Rank: 14
FAOIX Sortino Ratio Rank: 14
FAOIX Omega Ratio Rank: 19
FAOIX Calmar Ratio Rank: 9
FAOIX Martin Ratio Rank: 10

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.

	FAOIX	RPICX	Difference
Sharpe ratio Return per unit of total volatility	0.51	—	—
Sortino ratio Return per unit of downside risk	0.82	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.43	—	—
Martin ratio Return relative to average drawdown	1.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAOIX	RPICX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

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 (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	-14.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	—	—

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	5.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	—	—

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.

	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%