FDIVX vs. FAOIX
FDIVX (Fidelity Diversified International Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FDIVX returned 9.84%/yr vs 7.58%/yr for FAOIX. Their correlation of 0.94 suggests significant overlap in exposure. FDIVX charges 0.66%/yr vs 1.12%/yr for FAOIX.
Performance
FDIVX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, FDIVX has outperformed FAOIX with an annualized return of 9.84%, while FAOIX has yielded a comparatively lower 7.58% annualized return.
FDIVX
- 1D
- 1.58%
- 1M
- 4.92%
- YTD
- 14.83%
- 6M
- 15.42%
- 1Y
- 28.02%
- 3Y*
- 17.07%
- 5Y*
- 8.42%
- 10Y*
- 9.84%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.28%
- 3Y*
- 7.90%
- 5Y*
- 3.78%
- 10Y*
- 7.58%
FDIVX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 14.83% | 27.75% | 6.54% | 17.74% | -23.86% | 12.79% | 18.91% | 29.72% | -15.31% | 25.31% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between FDIVX and FAOIX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.94 |
Over the past year, the correlation between FDIVX and FAOIX has dropped to 0.55 - well below their long-term average of 0.94, suggesting their price drivers have been diverging.
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Return for Risk
FDIVX vs. FAOIX — Risk / Return Rank
FDIVX
FAOIX
FDIVX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and Fidelity Advisor Overseas Fund Class I (FAOIX). 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.
| FDIVX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.06 | +2.26 |
| Martin ratioReturn relative to average drawdown | 8.56 | -0.10 | +8.66 |
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Drawdowns
FDIVX vs. FAOIX - Drawdown Comparison
The maximum FDIVX drawdown since its inception was -60.61%, roughly equal to the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for FDIVX and FAOIX.
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Drawdown Indicators
| FDIVX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -59.86% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -7.28% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -13.98% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -36.33% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -36.33% | +0.73% |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -11.66% | -14.19% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.13% | -0.95% |
Volatility
FDIVX vs. FAOIX - Volatility Comparison
Fidelity Diversified International Fund (FDIVX) has a higher volatility of 6.95% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that FDIVX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIVX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 0.00% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 3.63% | +11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 8.78% | +9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 16.72% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.65% | +0.40% |
FDIVX vs. FAOIX - Expense Ratio Comparison
FDIVX has a 0.66% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
FDIVX vs. FAOIX - Dividend Comparison
FDIVX's dividend yield for the trailing twelve months is around 9.31%, more than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
FDIVX Fidelity Diversified International Fund | 9.31% | 10.69% | 3.93% | 4.29% | 1.34% | 10.59% | 0.97% | 1.32% | 7.32% | 4.22% | 1.36% | 0.46% |
Frequently Asked Questions
FDIVX and FAOIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIVX has higher volatility (6.95%) compared to FAOIX (0.00%). In terms of maximum drawdown, FDIVX dropped -60.61% vs FAOIX's -59.86%.
FDIVX currently has the higher Sharpe Ratio (1.53 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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