FAOSX vs. SWRLX
FAOSX (Fidelity Advisor Overseas Fund Class Z) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FAOSX returned 3.89%/yr vs 13.03%/yr for SWRLX. Their correlation of 0.83 suggests significant overlap in exposure. FAOSX charges 1.02%/yr vs 1.37%/yr for SWRLX.
Performance
FAOSX vs. SWRLX - 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*
- —
SWRLX
- 1D
- 1.18%
- 1M
- 4.11%
- YTD
- 23.43%
- 6M
- 24.48%
- 1Y
- 52.80%
- 3Y*
- 24.37%
- 5Y*
- 13.03%
- 10Y*
- 10.91%
FAOSX vs. SWRLX - 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% |
SWRLX Touchstone International Equity Fund | 23.43% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 22.21% |
Correlation
The correlation between FAOSX and SWRLX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.83 |
Over the past year, the correlation between FAOSX and SWRLX has dropped to 0.50 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
FAOSX vs. SWRLX — Risk / Return Rank
FAOSX
SWRLX
FAOSX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.64 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.51 | -4.56 |
| Martin ratioReturn relative to average drawdown | -0.09 | 16.69 | -16.78 |
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Drawdowns
FAOSX vs. SWRLX - Drawdown Comparison
The maximum FAOSX drawdown since its inception was -36.24%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for FAOSX and SWRLX.
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Drawdown Indicators
| FAOSX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -59.44% | +23.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -11.49% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -14.08% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -34.19% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.95% | — |
Current DrawdownCurrent decline from peak | -5.86% | 0.00% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -11.61% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.10% | +1.03% |
Volatility
FAOSX vs. SWRLX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class Z (FAOSX) is 0.00%, while Touchstone International Equity Fund (SWRLX) has a volatility of 5.97%. This indicates that FAOSX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOSX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.97% | -5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 12.81% | -9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 14.98% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 17.52% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.89% | -0.25% |
FAOSX vs. SWRLX - Expense Ratio Comparison
FAOSX has a 1.02% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
FAOSX vs. SWRLX - Dividend Comparison
FAOSX's dividend yield for the trailing twelve months is around 8.67%, more than SWRLX's 6.18% 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% |
SWRLX Touchstone International Equity Fund | 6.18% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
FAOSX and SWRLX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWRLX has higher volatility (5.97%) compared to FAOSX (0.00%). In terms of maximum drawdown, FAOSX dropped -36.24% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (3.45 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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