FDKFX vs. FAOCX
FDKFX (Fidelity International Discovery K6 Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FDKFX returned 6.83%/yr vs 1.55%/yr for FAOCX. Their correlation of 0.90 means they have usually moved in the same direction. FDKFX charges 0.60%/yr vs 2.25%/yr for FAOCX.
Performance
FDKFX vs. FAOCX - Performance Comparison
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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%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.09%
- 3Y*
- 8.04%
- 5Y*
- 1.55%
- 10Y*
- 6.56%
- ALL TIME*
- 4.61%
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. FAOCX - 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% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 9.97% |
Correlation
The correlation between FDKFX and FAOCX 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 FAOCX has dropped to 0.43 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
FDKFX vs. FAOCX — Risk / Return Rank
FDKFX
FAOCX
FDKFX vs. FAOCX - 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 C (FAOCX). 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 | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.99 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.09 | +1.96 |
| Martin ratioReturn relative to average drawdown | 6.84 | -0.14 | +6.98 |
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Drawdowns
FDKFX vs. FAOCX - Drawdown Comparison
The maximum FDKFX drawdown since its inception was -36.63%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for FDKFX and FAOCX.
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Drawdown Indicators
| FDKFX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.63% | -60.45% | +23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -7.33% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -14.05% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -36.96% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.96% | — |
Current DrawdownCurrent decline from peak | -2.44% | -5.90% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -15.58% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.55% | -0.98% |
Volatility
FDKFX vs. FAOCX - Volatility Comparison
Fidelity International Discovery K6 Fund (FDKFX) has a higher volatility of 5.89% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that FDKFX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDKFX | FAOCX | 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% | 7.51% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 16.65% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 16.28% | +2.64% |
FDKFX vs. FAOCX - Expense Ratio Comparison
FDKFX has a 0.60% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
FDKFX vs. FAOCX - Dividend Comparison
FDKFX's dividend yield for the trailing twelve months is around 2.74%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% |
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% |
Frequently Asked Questions
FDKFX and FAOCX 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 FAOCX (0.00%). In terms of maximum drawdown, FDKFX dropped -36.63% vs FAOCX's -60.45%.
FDKFX currently has the higher Sharpe Ratio (1.30 vs -0.09), 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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