FDKFX vs. FAERX
FDKFX (Fidelity International Discovery K6 Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FDKFX returned 6.83%/yr vs 2.04%/yr for FAERX. Their correlation of 0.90 means they have usually moved in the same direction. FDKFX charges 0.60%/yr vs 1.65%/yr for FAERX.
Performance
FDKFX vs. FAERX - Performance Comparison
Loading charts...
Returns By Period
FDKFX
- 1D
- 0.71%
- 1M
- -0.54%
- 6M
- 4.66%
- YTD
- 12.17%
- 1Y
- 22.12%
- 3Y*
- 18.96%
- 5Y*
- 6.83%
- 10Y*
- —
- ALL TIME*
- 10.93%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.93%
- 3Y*
- 8.48%
- 5Y*
- 2.04%
- 10Y*
- 7.13%
- ALL TIME*
- 5.57%
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 |
FDKFX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDKFX Fidelity International Discovery K6 Fund | 12.17% | 29.31% | 11.14% | 14.40% | -24.74% | 11.20% | 21.50% | 11.81% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 10.36% |
Correlation
The correlation between FDKFX and FAERX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.90 |
Over the past year, the correlation between FDKFX and FAERX has dropped to 0.43 - well below their long-term average of 0.90, 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
FDKFX vs. FAERX — Risk / Return Rank
FDKFX
FAERX
FDKFX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery K6 Fund (FDKFX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| FDKFX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.99 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.07 | +1.94 |
| Martin ratioReturn relative to average drawdown | 6.84 | -0.10 | +6.95 |
Loading charts...
Drawdowns
FDKFX vs. FAERX - Drawdown Comparison
The maximum FDKFX drawdown since its inception was -36.63%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for FDKFX and FAERX.
Loading charts...
Drawdown Indicators
| FDKFX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.63% | -60.14% | +23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -7.29% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -14.00% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -36.62% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.62% | — |
Current DrawdownCurrent decline from peak | -2.44% | -5.89% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -14.34% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.54% | -0.97% |
Volatility
FDKFX vs. FAERX - Volatility Comparison
Fidelity International Discovery K6 Fund (FDKFX) has a higher volatility of 5.89% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that FDKFX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDKFX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 0.00% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 0.00% | +16.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 7.54% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 16.66% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 16.29% | +2.63% |
FDKFX vs. FAERX - Expense Ratio Comparison
FDKFX has a 0.60% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
FDKFX vs. FAERX - Dividend Comparison
FDKFX's dividend yield for the trailing twelve months is around 2.74%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
FDKFX Fidelity International Discovery K6 Fund | 2.74% | 3.07% | 4.06% | 1.62% | 0.99% | 1.90% | 0.60% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDKFX and FAERX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDKFX has higher volatility (5.89%) compared to FAERX (0.00%). In terms of maximum drawdown, FDKFX dropped -36.63% vs FAERX's -60.14%.
FDKFX currently has the higher Sharpe Ratio (1.30 vs -0.07), 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 FDKFX and FAERX
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