FAOSX vs. KGIIX
FAOSX (Fidelity Advisor Overseas Fund Class Z) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FAOSX returned 3.89%/yr vs 8.57%/yr for KGIIX. At a 0.49 correlation, their price movements are largely independent. FAOSX charges 1.02%/yr vs 1.04%/yr for KGIIX.
Performance
FAOSX vs. KGIIX - Performance Comparison
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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*
- —
KGIIX
- 1D
- -1.47%
- 1M
- -3.21%
- YTD
- 5.23%
- 6M
- 5.37%
- 1Y
- 28.39%
- 3Y*
- 16.79%
- 5Y*
- 8.57%
- 10Y*
- 9.50%
FAOSX vs. KGIIX - 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% |
KGIIX Kopernik International Fund | 5.23% | 54.97% | -7.01% | 13.86% | -14.05% | 16.62% | 18.94% | 16.37% | -6.24% | 5.37% |
Correlation
The correlation between FAOSX and KGIIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.49 |
Over the past year, the correlation between FAOSX and KGIIX has dropped to 0.24 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
FAOSX vs. KGIIX — Risk / Return Rank
FAOSX
KGIIX
FAOSX vs. KGIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) and Kopernik International Fund (KGIIX). 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 | KGIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 3.08 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.09 | 8.60 | -8.69 |
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Drawdowns
FAOSX vs. KGIIX - Drawdown Comparison
The maximum FAOSX drawdown since its inception was -36.24%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for FAOSX and KGIIX.
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Drawdown Indicators
| FAOSX | KGIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -27.81% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -8.76% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -13.58% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -27.81% | -8.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.81% | — |
Current DrawdownCurrent decline from peak | -5.86% | -8.26% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -6.11% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.14% | +0.99% |
Volatility
FAOSX vs. KGIIX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class Z (FAOSX) is 0.00%, while Kopernik International Fund (KGIIX) has a volatility of 3.68%. This indicates that FAOSX experiences smaller price fluctuations and is considered to be less risky than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOSX | KGIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.68% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 10.73% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 13.21% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 13.26% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 12.66% | +3.98% |
FAOSX vs. KGIIX - Expense Ratio Comparison
FAOSX has a 1.02% expense ratio, which is lower than KGIIX's 1.04% expense ratio.
Dividends
FAOSX vs. KGIIX - Dividend Comparison
FAOSX's dividend yield for the trailing twelve months is around 8.67%, less than KGIIX's 13.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KGIIX Kopernik International Fund | 13.55% | 14.26% | 0.48% | 12.56% | 2.46% | 5.77% | 2.89% | 2.50% | 1.19% | 1.35% | 0.33% |
Frequently Asked Questions
FAOSX and KGIIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGIIX has higher volatility (3.68%) compared to FAOSX (0.00%). In terms of maximum drawdown, FAOSX dropped -36.24% vs KGIIX's -27.81%.
KGIIX currently has the higher Sharpe Ratio (2.05 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.
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