FAOSX vs. FSKAX
FAOSX (Fidelity Advisor Overseas Fund Class Z) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FAOSX is a Foreign Large Cap Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FAOSX returned 2.86%/yr vs 11.63%/yr for FSKAX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FAOSX charges 1.02%/yr vs 0.01%/yr for FSKAX.
Performance
FAOSX vs. FSKAX - 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%
FSKAX
- 1D
- 1.63%
- 1M
- -0.80%
- 6M
- 8.19%
- YTD
- 9.87%
- 1Y
- 20.99%
- 3Y*
- 18.61%
- 5Y*
- 11.63%
- 10Y*
- 14.44%
- ALL TIME*
- 14.45%
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. FSKAX - 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% |
FSKAX Fidelity Total Market Index Fund | 9.87% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 18.56% |
Correlation
The correlation between FAOSX and FSKAX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.73 |
Over the past year, the correlation between FAOSX and FSKAX has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
FAOSX vs. FSKAX — Risk / Return Rank
FAOSX
FSKAX
FAOSX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) and Fidelity Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.09 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.48 | 8.96 | -9.45 |
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Drawdowns
FAOSX vs. FSKAX - Drawdown Comparison
The maximum FAOSX drawdown since its inception was -36.24%, roughly equal to the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FAOSX and FSKAX.
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Drawdown Indicators
| FAOSX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -35.01% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -8.92% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -19.43% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -25.39% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -5.86% | -1.97% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -3.99% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 2.08% | +2.40% |
Volatility
FAOSX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class Z (FAOSX) is 0.00%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 3.43%. This indicates that FAOSX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOSX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.43% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 10.33% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 13.21% | -5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 17.52% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 18.45% | -1.89% |
FAOSX vs. FSKAX - Expense Ratio Comparison
FAOSX has a 1.02% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
FAOSX vs. FSKAX - Dividend Comparison
FAOSX's dividend yield for the trailing twelve months is around 8.67%, more than FSKAX's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSKAX Fidelity Total Market Index Fund | 0.95% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
FAOSX and FSKAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKAX has higher volatility (3.43%) compared to FAOSX (0.00%). In terms of maximum drawdown, FAOSX dropped -36.24% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (1.41 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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