FAOSX vs. CIGIX
FAOSX (Fidelity Advisor Overseas Fund Class Z) and CIGIX (Calamos International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FAOSX returned 2.86%/yr vs 1.91%/yr for CIGIX. Their correlation of 0.84 means they have usually moved in the same direction. FAOSX charges 1.02%/yr vs 0.85%/yr for CIGIX.
Performance
FAOSX vs. CIGIX - Performance Comparison
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Returns By Period
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
CIGIX
- 1D
- 3.36%
- 1M
- -8.13%
- 6M
- 4.57%
- YTD
- 16.59%
- 1Y
- 26.07%
- 3Y*
- 18.47%
- 5Y*
- 1.91%
- 10Y*
- 8.71%
- ALL TIME*
- 7.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAOSX vs. CIGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CIGIX Calamos International Growth Fund | 16.59% | 23.11% | 12.51% | 15.33% | -30.54% | -8.98% | 44.95% | 29.69% | -20.93% | 32.85% |
Correlation
The correlation between FAOSX and CIGIX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.84 |
Over the past year, the correlation between FAOSX and CIGIX has dropped to 0.33 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
FAOSX vs. CIGIX — Risk / Return Rank
FAOSX
CIGIX
FAOSX vs. CIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) and Calamos International Growth Fund (CIGIX). 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.
| FAOSX | CIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.18 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.33 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.48 | 4.24 | -4.73 |
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Drawdowns
FAOSX vs. CIGIX - Drawdown Comparison
The maximum FAOSX drawdown since its inception was -36.24%, smaller than the maximum CIGIX drawdown of -64.46%. Use the drawdown chart below to compare losses from any high point for FAOSX and CIGIX.
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Drawdown Indicators
| FAOSX | CIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -64.46% | +28.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -18.45% | +11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -19.38% | +5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -50.15% | +13.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.15% | — |
Current DrawdownCurrent decline from peak | -5.86% | -15.71% | +9.85% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -15.24% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 5.79% | -1.31% |
Volatility
FAOSX vs. CIGIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class Z (FAOSX) is 0.00%, while Calamos International Growth Fund (CIGIX) has a volatility of 9.03%. This indicates that FAOSX experiences smaller price fluctuations and is considered to be less risky than CIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOSX | CIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 9.03% | -9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 24.74% | -24.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 27.37% | -19.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 22.10% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 20.40% | -3.84% |
FAOSX vs. CIGIX - Expense Ratio Comparison
FAOSX has a 1.02% expense ratio, which is higher than CIGIX's 0.85% expense ratio.
Dividends
FAOSX vs. CIGIX - Dividend Comparison
FAOSX's dividend yield for the trailing twelve months is around 8.67%, less than CIGIX's 11.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIGIX Calamos International Growth Fund | 11.57% | 13.49% | 4.54% | 0.28% | 0.00% | 0.33% | 5.42% | 0.00% | 13.25% | 3.76% | 0.00% | 0.13% |
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 CIGIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIGIX has higher volatility (9.03%) compared to FAOSX (0.00%). In terms of maximum drawdown, FAOSX dropped -36.24% vs CIGIX's -64.46%.
CIGIX currently has the higher Sharpe Ratio (0.90 vs -0.30), 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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