FHJVX vs. AEDAX

Last updated Aug 1, 2026

FHJVX (Fidelity Advisor Europe Fund Class M) and AEDAX (Invesco EQV European Equity Fund) are both Europe Equities funds. Over the past 10 years, FHJVX returned 7.91%/yr vs 7.11%/yr for AEDAX. Their correlation of 0.92 means they have usually moved in the same direction. FHJVX charges 1.68%/yr vs 1.37%/yr for AEDAX.

Performance

FHJVX vs. AEDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Europe Fund Class M (FHJVX) 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, FHJVX achieves a 7.74% return, which is significantly lower than AEDAX's 18.86% return. Over the past 10 years, FHJVX has outperformed AEDAX with an annualized return of 7.91%, while AEDAX has yielded a comparatively lower 7.11% annualized return.

FHJVX

• 1D: 2.38%
• 1M: -0.20%
• 6M: 3.43%
• YTD: 7.74%
• 1Y: 18.49%
• 3Y*: 15.87%
• 5Y*: 5.28%
• 10Y*: 7.91%
• ALL TIME*: 5.69%

AEDAX

• 1D: 2.49%
• 1M: 2.44%
• 6M: 11.85%
• YTD: 18.86%
• 1Y: 34.97%
• 3Y*: 15.52%
• 5Y*: 6.45%
• 10Y*: 7.11%
• ALL TIME*: 9.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AEDAX Invesco EQV European Equity Fund	$0.00	$0.00	$0.00
FHJVX Fidelity Advisor Europe Fund Class M	$0.00	$0.00	$0.00

FHJVX vs. AEDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHJVX Fidelity Advisor Europe Fund Class M	7.74%	36.83%	3.62%	13.00%	-21.09%	5.99%	17.53%	23.67%	-17.74%	28.38%
AEDAX Invesco EQV European Equity Fund	18.86%	23.92%	-0.79%	19.64%	-21.77%	14.22%	-0.06%	24.54%	-18.86%	26.90%

Correlation

The correlation between FHJVX and AEDAX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Mar 25, 2014	0.92

The correlation between FHJVX and AEDAX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FHJVX vs. AEDAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHJVX

FHJVX Risk / Return Rank: 28
FHJVX Sharpe Ratio Rank: 27
FHJVX Sortino Ratio Rank: 28
FHJVX Omega Ratio Rank: 26
FHJVX Calmar Ratio Rank: 28
FHJVX Martin Ratio Rank: 32

AEDAX

AEDAX Risk / Return Rank: 85
AEDAX Sharpe Ratio Rank: 85
AEDAX Sortino Ratio Rank: 82
AEDAX Omega Ratio Rank: 81
AEDAX Calmar Ratio Rank: 87
AEDAX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHJVX vs. AEDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Europe Fund Class M (FHJVX) 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.

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.

	FHJVX	AEDAX	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.08	-1.10
Sortino ratio: Return per unit of downside risk	1.48	2.87	-1.39
Omega ratio: Gain probability vs. loss probability	1.18	1.37	-0.20
Calmar ratio: Return relative to maximum drawdown	1.37	3.07	-1.70
Martin ratio: Return relative to average drawdown	5.02	11.27	-6.24

FHJVX vs. AEDAX - Sharpe Ratio Comparison

The current FHJVX Sharpe Ratio is 0.97, which is lower than the AEDAX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FHJVX 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.

Drawdowns

FHJVX vs. AEDAX - Drawdown Comparison

The maximum FHJVX drawdown since its inception was -38.41%, smaller than the maximum AEDAX drawdown of -60.46%. Use the drawdown chart below to compare losses from any high point for FHJVX and AEDAX.

Drawdown Indicators

	FHJVX	AEDAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.41%	-60.46%	+22.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.46%	-10.59%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-15.80%	+2.63%
Max Drawdown (5Y) Largest decline over 5 years	-38.41%	-38.81%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	-38.41%	-40.03%	+1.62%
Current Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-10.25%	-16.81%	+6.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.90%	+0.49%

Volatility

FHJVX vs. AEDAX - Volatility Comparison

Fidelity Advisor Europe Fund Class M (FHJVX) and Invesco EQV European Equity Fund (AEDAX) have volatilities of 4.79% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHJVX	AEDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.75%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	15.33%	13.33%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	15.75%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	17.83%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	17.09%	+0.37%

FHJVX vs. AEDAX - Expense Ratio Comparison

FHJVX has a 1.68% expense ratio, which is higher than AEDAX's 1.37% expense ratio.

Dividends

FHJVX vs. AEDAX - Dividend Comparison

FHJVX's dividend yield for the trailing twelve months is around 1.57%, less than AEDAX's 14.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEDAX Invesco EQV European Equity Fund	14.23%	16.92%	10.53%	2.58%	7.48%	9.40%	1.30%	2.53%	1.43%	1.86%	1.59%	4.78%
FHJVX Fidelity Advisor Europe Fund Class M	1.57%	1.69%	2.69%	0.96%	0.00%	15.25%	0.61%	6.68%	10.70%	2.08%	0.64%	0.68%

Frequently Asked Questions

Can I hold both FHJVX and AEDAX in my portfolio?

FHJVX and AEDAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHJVX or AEDAX?

FHJVX has higher volatility (4.79%) compared to AEDAX (4.75%). In terms of maximum drawdown, FHJVX dropped -38.41% vs AEDAX's -60.46%.

Which has better risk-adjusted returns?

AEDAX currently has the higher Sharpe Ratio (2.08 vs 0.97), 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.