FGEAX vs. GLIFX
FGEAX (Fidelity Advisor Global Capital Appreciation Fund Class A) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both mutual funds - FGEAX is a Global Equities fund managed by Fidelity, while GLIFX is a Infrastructure Equities fund managed by Lazard. Over the past 10 years, FGEAX returned 12.86%/yr vs 9.92%/yr for GLIFX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FGEAX charges 1.15%/yr vs 0.97%/yr for GLIFX.
Performance
FGEAX vs. GLIFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGEAX achieves a 9.91% return, which is significantly higher than GLIFX's 7.74% return. Over the past 10 years, FGEAX has outperformed GLIFX with an annualized return of 12.86%, while GLIFX has yielded a comparatively lower 9.92% annualized return.
FGEAX
- 1D
- 3.28%
- 1M
- -2.50%
- 6M
- 6.28%
- YTD
- 9.91%
- 1Y
- 20.67%
- 3Y*
- 23.61%
- 5Y*
- 12.84%
- 10Y*
- 12.86%
- ALL TIME*
- 7.57%
GLIFX
- 1D
- -0.36%
- 1M
- -1.08%
- 6M
- 3.91%
- YTD
- 7.74%
- 1Y
- 14.55%
- 3Y*
- 13.40%
- 5Y*
- 10.83%
- 10Y*
- 9.92%
- ALL TIME*
- 10.86%
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 |
FGEAX vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | 9.91% | 17.85% | 38.32% | 28.50% | -24.70% | 18.91% | 24.36% | 22.81% | -18.25% | 30.07% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.74% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between FGEAX and GLIFX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.56 |
Over the past year, the correlation between FGEAX and GLIFX has dropped to 0.04 - well below their long-term average of 0.56, 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
FGEAX vs. GLIFX — Risk / Return Rank
FGEAX
GLIFX
FGEAX vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| FGEAX | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.58 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.20 | 4.31 | +0.88 |
Loading charts...
Drawdowns
FGEAX vs. GLIFX - Drawdown Comparison
The maximum FGEAX drawdown since its inception was -61.78%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for FGEAX and GLIFX.
Loading charts...
Drawdown Indicators
| FGEAX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.78% | -29.65% | -32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -9.00% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.43% | -9.00% | -10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -17.15% | -15.78% |
Max Drawdown (10Y)Largest decline over 10 years | -33.04% | -29.65% | -3.39% |
Current DrawdownCurrent decline from peak | -5.30% | -5.43% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -3.37% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.29% | +0.23% |
Volatility
FGEAX vs. GLIFX - Volatility Comparison
Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) has a higher volatility of 6.07% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 2.85%. This indicates that FGEAX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGEAX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 2.85% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 9.47% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 10.85% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 11.00% | +8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 13.18% | +5.54% |
FGEAX vs. GLIFX - Expense Ratio Comparison
FGEAX has a 1.15% expense ratio, which is higher than GLIFX's 0.97% expense ratio.
Dividends
FGEAX vs. GLIFX - Dividend Comparison
FGEAX's dividend yield for the trailing twelve months is around 8.80%, more than GLIFX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A | 8.80% | 9.67% | 14.80% | 6.42% | 0.00% | 8.01% | 0.00% | 0.40% | 10.62% | 13.66% | 1.03% | 0.57% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
Frequently Asked Questions
FGEAX and GLIFX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGEAX has higher volatility (6.07%) compared to GLIFX (2.85%). In terms of maximum drawdown, FGEAX dropped -61.78% vs GLIFX's -29.65%.
GLIFX currently has the higher Sharpe Ratio (1.31 vs 0.96), 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 FGEAX and GLIFX
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