FDVIX vs. HLMIX

Last updated Jun 4, 2026

FDVIX (Fidelity Advisor Diversified International Fund Class I) and HLMIX (Harding Loevner International Equity Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, FDVIX returned 9.44%/yr vs 9.78%/yr for HLMIX. Their correlation of 0.92 suggests significant overlap in exposure. FDVIX charges 0.90%/yr vs 0.79%/yr for HLMIX.

Performance

FDVIX vs. HLMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified International Fund Class I (FDVIX) and Harding Loevner International Equity Portfolio (HLMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDVIX achieves a 11.54% return, which is significantly lower than HLMIX's 15.68% return. Both investments have delivered pretty close results over the past 10 years, with FDVIX having a 9.44% annualized return and HLMIX not far ahead at 9.78%.

FDVIX

• 1D: 0.73%
• 1M: 5.53%
• YTD: 11.54%
• 6M: 14.20%
• 1Y: 22.66%
• 3Y*: 16.76%
• 5Y*: 7.58%
• 10Y*: 9.44%

HLMIX

• 1D: 0.80%
• 1M: 6.15%
• YTD: 15.68%
• 6M: 17.57%
• 1Y: 30.22%
• 3Y*: 16.30%
• 5Y*: 6.99%
• 10Y*: 9.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDVIX vs. HLMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVIX Fidelity Advisor Diversified International Fund Class I	11.54%	27.55%	6.42%	17.36%	-23.70%	12.95%	19.60%	29.83%	-15.35%	25.62%
HLMIX Harding Loevner International Equity Portfolio	15.68%	27.63%	1.18%	15.10%	-20.21%	8.49%	20.33%	25.22%	-13.96%	29.91%

Correlation

The correlation between FDVIX and HLMIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 18, 1998	0.92

The correlation between FDVIX and HLMIX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

FDVIX vs. HLMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDVIX

FDVIX Risk / Return Rank: 23
FDVIX Sharpe Ratio Rank: 21
FDVIX Sortino Ratio Rank: 21
FDVIX Omega Ratio Rank: 21
FDVIX Calmar Ratio Rank: 23
FDVIX Martin Ratio Rank: 30

HLMIX

HLMIX Risk / Return Rank: 50
HLMIX Sharpe Ratio Rank: 49
HLMIX Sortino Ratio Rank: 46
HLMIX Omega Ratio Rank: 45
HLMIX Calmar Ratio Rank: 55
HLMIX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDVIX vs. HLMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified International Fund Class I (FDVIX) and Harding Loevner International Equity Portfolio (HLMIX). 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.

	FDVIX	HLMIX	Difference
Sharpe ratio Return per unit of total volatility	1.32	2.05	-0.74
Sortino ratio Return per unit of downside risk	1.93	2.85	-0.92
Omega ratio Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio Return relative to maximum drawdown	1.77	2.84	-1.07
Martin ratio Return relative to average drawdown	6.94	10.86	-3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVIX vs. HLMIX - Sharpe Ratio Comparison

The current FDVIX Sharpe Ratio is 1.32, which is lower than the HLMIX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of FDVIX and HLMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDVIX	HLMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.05	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.44	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.60	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.38	+0.05

Drawdowns

FDVIX vs. HLMIX - Drawdown Comparison

The maximum FDVIX drawdown since its inception was -61.22%, which is greater than HLMIX's maximum drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for FDVIX and HLMIX.

Drawdown Indicators

	FDVIX	HLMIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.22%	-58.03%	-3.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-10.44%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-13.98%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-35.28%	-32.76%	-2.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.28%	-32.76%	-2.52%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.31%	-12.70%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.73%	+0.47%

Volatility

FDVIX vs. HLMIX - Volatility Comparison

Fidelity Advisor Diversified International Fund Class I (FDVIX) has a higher volatility of 6.05% compared to Harding Loevner International Equity Portfolio (HLMIX) at 5.18%. This indicates that FDVIX's price experiences larger fluctuations and is considered to be riskier than HLMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVIX	HLMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	5.18%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	12.04%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	14.48%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	15.94%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	16.49%	+0.59%

FDVIX vs. HLMIX - Expense Ratio Comparison

FDVIX has a 0.90% expense ratio, which is higher than HLMIX's 0.79% expense ratio.

Dividends

FDVIX vs. HLMIX - Dividend Comparison

FDVIX's dividend yield for the trailing twelve months is around 12.40%, less than HLMIX's 12.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVIX Fidelity Advisor Diversified International Fund Class I	12.40%	13.83%	6.36%	4.22%	2.17%	10.74%	0.02%	1.48%	5.04%	0.29%	1.54%	0.92%
HLMIX Harding Loevner International Equity Portfolio	12.91%	14.94%	7.14%	3.79%	2.51%	2.48%	0.75%	1.59%	1.50%	1.64%	0.98%	1.02%

Frequently Asked Questions

Can I hold both FDVIX and HLMIX in my portfolio?

With a correlation of 0.92, FDVIX and HLMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDVIX or HLMIX?

FDVIX has higher volatility (6.05%) compared to HLMIX (5.18%). In terms of maximum drawdown, FDVIX dropped -61.22% vs HLMIX's -58.03%.

Which has better risk-adjusted returns?

HLMIX currently has the higher Sharpe Ratio (2.05 vs 1.32), 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.