FIATX vs. VOO

Last updated Aug 2, 2026

FIATX (Fidelity Advisor International Capital Appreciation Fund Class M) and VOO (Vanguard S&P 500 ETF) are both funds - FIATX is a Foreign Large Cap Equities fund managed by Fidelity, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FIATX returned 9.08%/yr vs 15.14%/yr for VOO. Their correlation of 0.81 means they have usually moved in the same direction. FIATX charges 1.49%/yr vs 0.03%/yr for VOO.

Performance

FIATX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIATX achieves a 4.59% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, FIATX has underperformed VOO with an annualized return of 9.08%, while VOO has yielded a comparatively higher 15.14% annualized return.

FIATX

• 1D: 4.49%
• 1M: -3.74%
• 6M: 0.00%
• YTD: 4.59%
• 1Y: 7.09%
• 3Y*: 12.38%
• 5Y*: 4.97%
• 10Y*: 9.08%
• ALL TIME*: 7.10%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

*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)
FIATX Fidelity Advisor International Capital Appreciation Fund Class M	$0.00	$0.00	$0.00
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

FIATX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIATX Fidelity Advisor International Capital Appreciation Fund Class M	4.59%	18.07%	7.49%	27.01%	-26.94%	11.67%	21.60%	32.08%	-13.28%	35.11%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between FIATX and VOO is 0.85, 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.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.81

The correlation between FIATX and VOO has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

FIATX vs. VOO - Sectors Allocation Comparison

Sectors	FIATX	VOO
Industrials	31.0%	8.5%
Technology	29.5%	38.6%
Financial Services	21.4%	11.4%
Basic Materials	7.8%	1.7%
Consumer Cyclical	4.1%	9.5%
Consumer Defensive	3.2%	4.5%
Utilities	1.7%	2.2%
Energy	1.5%	3.0%
Healthcare	1.5%	8.9%
Communication Services	1.2%	9.9%
Real Estate	-	1.8%

Return for Risk

FIATX vs. VOO — Risk / Return Rank

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

FIATX

FIATX Risk / Return Rank: 9
FIATX Sharpe Ratio Rank: 8
FIATX Sortino Ratio Rank: 8
FIATX Omega Ratio Rank: 9
FIATX Calmar Ratio Rank: 9
FIATX Martin Ratio Rank: 10

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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.

FIATX vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and Vanguard S&P 500 ETF (VOO). 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.

	FIATX	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.25	1.53	-1.28
Sortino ratio: Return per unit of downside risk	0.50	2.13	-1.63
Omega ratio: Gain probability vs. loss probability	1.06	1.28	-0.21
Calmar ratio: Return relative to maximum drawdown	0.36	2.21	-1.85
Martin ratio: Return relative to average drawdown	1.19	9.44	-8.24

FIATX vs. VOO - Sharpe Ratio Comparison

The current FIATX Sharpe Ratio is 0.25, which is lower than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FIATX and VOO, 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

FIATX vs. VOO - Drawdown Comparison

The maximum FIATX drawdown since its inception was -68.05%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FIATX and VOO.

Drawdown Indicators

	FIATX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-33.99%	-34.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.52%	-8.90%	-5.62%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-18.69%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-37.53%	-24.52%	-13.01%
Max Drawdown (10Y) Largest decline over 10 years	-37.53%	-33.99%	-3.54%
Current Drawdown Current decline from peak	-8.37%	-1.38%	-6.99%
Average Drawdown Average peak-to-trough decline	-16.41%	-3.67%	-12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	2.08%	+2.30%

Volatility

FIATX vs. VOO - Volatility Comparison

Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) has a higher volatility of 8.72% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that FIATX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIATX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	3.54%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	19.27%	10.10%	+9.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.96%	12.82%	+8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	16.93%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	18.01%	+0.27%

FIATX vs. VOO - Expense Ratio Comparison

FIATX has a 1.49% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

FIATX vs. VOO - Dividend Comparison

FIATX's dividend yield for the trailing twelve months is around 5.41%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIATX Fidelity Advisor International Capital Appreciation Fund Class M	5.41%	5.66%	0.35%	0.00%	0.00%	3.67%	0.00%	0.20%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FIATX and VOO in my portfolio?

FIATX and VOO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIATX or VOO?

FIATX has higher volatility (8.72%) compared to VOO (3.54%). In terms of maximum drawdown, FIATX dropped -68.05% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 0.25), 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.