FCENX vs. FAOAX
FCENX (Franklin International Core Equity (IU) Fund Advisor) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 5 years, FCENX returned 10.07%/yr vs 2.49%/yr for FAOAX. Their correlation of 0.87 means they have usually moved in the same direction. FCENX charges 0.00%/yr vs 1.43%/yr for FAOAX.
Performance
FCENX vs. FAOAX - Performance Comparison
Loading charts...
Returns By Period
FCENX
- 1D
- -0.46%
- 1M
- 1.30%
- 6M
- 6.18%
- YTD
- 12.90%
- 1Y
- 26.93%
- 3Y*
- 18.73%
- 5Y*
- 10.07%
- 10Y*
- —
- ALL TIME*
- 11.96%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.36%
- 3Y*
- 7.62%
- 5Y*
- 2.49%
- 10Y*
- 7.41%
- ALL TIME*
- 5.44%
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 |
FCENX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCENX Franklin International Core Equity (IU) Fund Advisor | 12.90% | 32.40% | 6.04% | 20.70% | -17.25% | 14.98% | 9.38% | 8.79% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 9.54% |
Correlation
The correlation between FCENX and FAOAX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.87 |
Over the past year, the correlation between FCENX and FAOAX has dropped to 0.45 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCENX vs. FAOAX — Risk / Return Rank
FCENX
FAOAX
FCENX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Core Equity (IU) Fund Advisor (FCENX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| FCENX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.34 | +2.64 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.52 | +8.95 |
Loading charts...
Drawdowns
FCENX vs. FAOAX - Drawdown Comparison
The maximum FCENX drawdown since its inception was -31.53%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for FCENX and FAOAX.
Loading charts...
Drawdown Indicators
| FCENX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.53% | -60.03% | +28.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -7.29% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -13.99% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -30.59% | -36.50% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.50% | — |
Current DrawdownCurrent decline from peak | -0.46% | -5.87% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -14.52% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.49% | -1.31% |
Volatility
FCENX vs. FAOAX - Volatility Comparison
Franklin International Core Equity (IU) Fund Advisor (FCENX) has a higher volatility of 4.41% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that FCENX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCENX | FAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.00% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 0.00% | +13.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 7.67% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 16.65% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 16.28% | +1.33% |
FCENX vs. FAOAX - Expense Ratio Comparison
FCENX has a 0.00% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
FCENX vs. FAOAX - Dividend Comparison
FCENX's dividend yield for the trailing twelve months is around 11.49%, more than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FCENX Franklin International Core Equity (IU) Fund Advisor | 11.49% | 13.50% | 5.30% | 4.11% | 2.75% | 8.56% | 2.14% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCENX and FAOAX 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.
FCENX has higher volatility (4.41%) compared to FAOAX (0.00%). In terms of maximum drawdown, FCENX dropped -31.53% vs FAOAX's -60.03%.
FCENX currently has the higher Sharpe Ratio (1.70 vs -0.32), 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.
Find the right allocation for FCENX and FAOAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer