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FAOSX vs. APHKX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAOSX vs. APHKX

Last updated Jun 23, 2026

FAOSX (Fidelity Advisor Overseas Fund Class Z) and APHKX (Artisan International Value Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FAOSX returned 3.89%/yr vs 11.31%/yr for APHKX. Their correlation of 0.82 suggests significant overlap in exposure. FAOSX charges 1.02%/yr vs 0.97%/yr for APHKX.

Performance

FAOSX vs. APHKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Overseas Fund Class Z (FAOSX) and Artisan International Value Fund (APHKX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

FAOSX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.31%
3Y*
8.01%
5Y*
3.89%
10Y*
—

APHKX

1D
0.54%
1M
2.87%
YTD
11.33%
6M
11.98%
1Y
24.92%
3Y*
16.00%
5Y*
11.31%
10Y*
11.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAOSX vs. APHKX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FAOSX
Fidelity Advisor Overseas Fund Class Z		0.00%15.36%5.06%20.52%-24.31%19.42%15.17%27.96%-14.73%26.25%
APHKX
Artisan International Value Fund		11.33%22.84%6.64%22.95%-6.78%16.94%8.81%24.22%-15.48%20.06%

Correlation

The correlation between FAOSX and APHKX 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

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2017

0.82

Over the past year, the correlation between FAOSX and APHKX has dropped to 0.45 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Fidelity Advisor Overseas Fund Class Z

Artisan International Value Fund

Often compared with FAOSX:
FAOSX vs. FAOIXFAOSX vs. FAERXFAOSX vs. HISIXFAOSX vs. BIGFXFAOSX vs. JOHIXFAOSX vs. BCIIXFAOSX vs. GSIMX
Often compared with APHKX:
APHKX vs. IDMOAPHKX vs. VWICXAPHKX vs. PCCOXAPHKX vs. VEAAPHKX vs. COSSXAPHKX vs. GVALAPHKX vs. ARTGX

Return for Risk

FAOSX vs. APHKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAOSX
FAOSX Risk / Return Rank: 22
Overall Rank
FAOSX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
FAOSX Sortino Ratio Rank: 22
Sortino Ratio Rank
FAOSX Omega Ratio Rank: 22
Omega Ratio Rank
FAOSX Calmar Ratio Rank: 22
Calmar Ratio Rank
FAOSX Martin Ratio Rank: 33
Martin Ratio Rank
APHKX
APHKX Risk / Return Rank: 4646
Overall Rank
APHKX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
APHKX Sortino Ratio Rank: 4545
Sortino Ratio Rank
APHKX Omega Ratio Rank: 5252
Omega Ratio Rank
APHKX Calmar Ratio Rank: 4747
Calmar Ratio Rank
APHKX Martin Ratio Rank: 4242
Martin Ratio Rank
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.

FAOSX vs. APHKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) and Artisan International Value Fund (APHKX). 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.

FAOSXAPHKXDifference
Sharpe ratioReturn per unit of total volatility
-0.05
1.79

-1.84

Sortino ratioReturn per unit of downside risk
-0.01
2.62

-2.62

Omega ratioGain probability vs. loss probability

1.00

1.36

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.06

2.50

-2.56

Martin ratioReturn relative to average drawdown

-0.09

8.45

-8.55

FAOSX vs. APHKX - Sharpe Ratio Comparison

The current FAOSX Sharpe Ratio is -0.05, which is lower than the APHKX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of FAOSX and APHKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FAOSX vs. APHKX - Drawdown Comparison

The maximum FAOSX drawdown since its inception was -36.24%, smaller than the maximum APHKX drawdown of -56.33%. Use the drawdown chart below to compare losses from any high point for FAOSX and APHKX.

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Drawdown Indicators

FAOSXAPHKXDifference

Max Drawdown

Largest peak-to-trough decline

-36.24%

-56.33%

+20.09%

Max Drawdown (1Y)

Largest decline over 1 year

-7.26%

-9.96%

+2.70%

Max Drawdown (3Y)

Largest decline over 3 years

-13.96%

-10.87%

-3.09%

Max Drawdown (5Y)

Largest decline over 5 years

-36.24%

-24.83%

-11.41%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.07%

—

Current Drawdown

Current decline from peak

-5.86%

-0.22%

-5.64%

Average Drawdown

Average peak-to-trough decline

-7.92%

-9.08%

+1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.13%

2.93%

+1.20%

Volatility

FAOSX vs. APHKX - Volatility Comparison

The current volatility for Fidelity Advisor Overseas Fund Class Z (FAOSX) is 0.00%, while Artisan International Value Fund (APHKX) has a volatility of 3.97%. This indicates that FAOSX experiences smaller price fluctuations and is considered to be less risky than APHKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAOSXAPHKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

3.97%

-3.97%

Volatility (6M)

Calculated over the trailing 6-month period

3.63%

10.03%

-6.40%

Volatility (1Y)

Calculated over the trailing 1-year period

8.76%

13.88%

-5.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.70%

13.99%

+2.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.64%

16.15%

+0.49%

FAOSX vs. APHKX - Expense Ratio Comparison

FAOSX has a 1.02% expense ratio, which is higher than APHKX's 0.97% expense ratio.

Dividends

FAOSX vs. APHKX - Dividend Comparison

FAOSX's dividend yield for the trailing twelve months is around 8.67%, more than APHKX's 6.41% yield.

PositionTTM20252024202320222021202020192018201720162015
APHKX
Artisan International Value Fund		6.41%7.10%4.34%3.10%2.28%10.00%0.98%3.92%5.69%4.15%3.31%6.40%
FAOSX
Fidelity Advisor Overseas Fund Class Z		8.67%8.67%1.80%1.12%0.85%2.07%0.00%1.70%5.30%3.93%0.00%0.00%

Frequently Asked Questions

FAOSX and APHKX 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.

APHKX has higher volatility (3.97%) compared to FAOSX (0.00%). In terms of maximum drawdown, FAOSX dropped -36.24% vs APHKX's -56.33%.

APHKX currently has the higher Sharpe Ratio (1.79 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.

Portfolio Optimizer

Find the right allocation for FAOSX and APHKX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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