FHJTX vs. AEDAX

Last updated Jun 4, 2026

FHJTX (Fidelity Advisor Europe Fund Class C) and AEDAX (Invesco EQV European Equity Fund) are both Europe Equities funds. Over the past 10 years, FHJTX returned 7.03%/yr vs 6.74%/yr for AEDAX. Their correlation of 0.92 suggests significant overlap in exposure. FHJTX charges 2.19%/yr vs 1.37%/yr for AEDAX.

Performance

FHJTX vs. AEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Europe Fund Class C (FHJTX) and Invesco EQV European Equity Fund (AEDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHJTX achieves a 6.79% return, which is significantly lower than AEDAX's 18.02% return. Both investments have delivered pretty close results over the past 10 years, with FHJTX having a 7.03% annualized return and AEDAX not far behind at 6.74%.

FHJTX

• 1D: 0.53%
• 1M: 4.58%
• YTD: 6.79%
• 6M: 9.93%
• 1Y: 17.63%
• 3Y*: 15.90%
• 5Y*: 4.75%
• 10Y*: 7.03%

AEDAX

• 1D: 1.27%
• 1M: 8.53%
• YTD: 18.02%
• 6M: 21.99%
• 1Y: 28.94%
• 3Y*: 16.44%
• 5Y*: 6.48%
• 10Y*: 6.74%

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

FHJTX vs. AEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHJTX Fidelity Advisor Europe Fund Class C	6.79%	36.15%	3.12%	12.42%	-21.49%	5.47%	16.96%	23.34%	-18.10%	27.72%
AEDAX Invesco EQV European Equity Fund	18.02%	23.92%	-0.79%	19.64%	-21.77%	14.22%	-0.06%	24.54%	-18.86%	26.90%

Correlation

The correlation between FHJTX and AEDAX is 0.89, 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	0.89
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	0.92
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014	0.92

The correlation between FHJTX and AEDAX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

FHJTX vs. AEDAX — Risk / Return Rank

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

FHJTX

FHJTX Risk / Return Rank: 16
FHJTX Sharpe Ratio Rank: 15
FHJTX Sortino Ratio Rank: 15
FHJTX Omega Ratio Rank: 14
FHJTX Calmar Ratio Rank: 16
FHJTX Martin Ratio Rank: 19

AEDAX

AEDAX Risk / Return Rank: 43
AEDAX Sharpe Ratio Rank: 42
AEDAX Sortino Ratio Rank: 40
AEDAX Omega Ratio Rank: 41
AEDAX Calmar Ratio Rank: 48
AEDAX Martin Ratio Rank: 44

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.

FHJTX vs. AEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Europe Fund Class C (FHJTX) and Invesco EQV European Equity Fund (AEDAX). 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.

	FHJTX	AEDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.89	-0.83
Sortino ratio: Return per unit of downside risk	1.59	2.64	-1.04
Omega ratio: Gain probability vs. loss probability	1.19	1.34	-0.15
Calmar ratio: Return relative to maximum drawdown	1.39	2.65	-1.26
Martin ratio: Return relative to average drawdown	5.11	9.28	-4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHJTX vs. AEDAX - Sharpe Ratio Comparison

The current FHJTX Sharpe Ratio is 1.06, which is lower than the AEDAX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FHJTX and AEDAX, 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

	FHJTX	AEDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.89	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.37	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.39	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.48	-0.17

Drawdowns

FHJTX vs. AEDAX - Drawdown Comparison

The maximum FHJTX drawdown since its inception was -38.75%, smaller than the maximum AEDAX drawdown of -60.46%. Use the drawdown chart below to compare losses from any high point for FHJTX and AEDAX.

Drawdown Indicators

	FHJTX	AEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.75%	-60.46%	+21.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-10.59%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-13.56%	-15.80%	+2.24%
Max Drawdown (5Y) Largest decline over 5 years	-38.75%	-38.81%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-38.75%	-40.03%	+1.28%
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-10.80%	-16.90%	+6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.01%	+0.38%

Volatility

FHJTX vs. AEDAX - Volatility Comparison

Fidelity Advisor Europe Fund Class C (FHJTX) has a higher volatility of 6.33% compared to Invesco EQV European Equity Fund (AEDAX) at 4.81%. This indicates that FHJTX's price experiences larger fluctuations and is considered to be riskier than AEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHJTX	AEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	4.81%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	11.93%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	14.83%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	17.68%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	17.47%	+0.47%

FHJTX vs. AEDAX - Expense Ratio Comparison

FHJTX has a 2.19% expense ratio, which is higher than AEDAX's 1.37% expense ratio.

Dividends

FHJTX vs. AEDAX - Dividend Comparison

FHJTX's dividend yield for the trailing twelve months is around 1.38%, less than AEDAX's 14.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEDAX Invesco EQV European Equity Fund	14.33%	16.92%	10.53%	2.58%	7.48%	9.40%	1.30%	2.53%	1.43%	1.86%	1.59%	4.78%
FHJTX Fidelity Advisor Europe Fund Class C	1.38%	1.48%	1.92%	0.23%	0.00%	14.55%	0.15%	6.35%	10.52%	1.79%	0.00%	0.77%

Frequently Asked Questions

Can I hold both FHJTX and AEDAX in my portfolio?

FHJTX and AEDAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHJTX or AEDAX?

FHJTX has higher volatility (6.33%) compared to AEDAX (4.81%). In terms of maximum drawdown, FHJTX dropped -38.75% vs AEDAX's -60.46%.

Which has better risk-adjusted returns?

AEDAX currently has the higher Sharpe Ratio (1.89 vs 1.06), 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.