FICCX vs. FAOSX

Last updated Jun 25, 2026

FICCX (Fidelity Advisor Canada Fund Class I) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FICCX returned 10.23%/yr vs 3.48%/yr for FAOSX. A 0.69 correlation means they provide meaningful diversification when combined. FICCX charges 0.74%/yr vs 1.02%/yr for FAOSX.

Performance

FICCX vs. FAOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Canada Fund Class I (FICCX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FICCX

• 1D: 0.11%
• 1M: -1.70%
• YTD: 4.62%
• 6M: 3.75%
• 1Y: 14.01%
• 3Y*: 16.25%
• 5Y*: 10.23%
• 10Y*: 10.44%

FAOSX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -1.89%
• 3Y*: 9.26%
• 5Y*: 3.48%
• 10Y*: —

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

FICCX vs. FAOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FICCX Fidelity Advisor Canada Fund Class I	4.62%	25.83%	9.14%	14.69%	-6.12%	26.90%	4.50%	25.89%	-14.30%	9.26%
FAOSX Fidelity Advisor Overseas Fund Class Z	0.00%	15.36%	5.06%	20.52%	-24.31%	19.42%	15.17%	27.96%	-14.73%	26.25%

Correlation

The correlation between FICCX and FAOSX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.69

Over the past year, the correlation between FICCX and FAOSX has dropped to 0.32 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

FICCX vs. FAOSX — Risk / Return Rank

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

FICCX

FICCX Risk / Return Rank: 25
FICCX Sharpe Ratio Rank: 22
FICCX Sortino Ratio Rank: 20
FICCX Omega Ratio Rank: 20
FICCX Calmar Ratio Rank: 34
FICCX Martin Ratio Rank: 31

FAOSX

FAOSX Risk / Return Rank: 3
FAOSX Sharpe Ratio Rank: 3
FAOSX Sortino Ratio Rank: 3
FAOSX Omega Ratio Rank: 3
FAOSX Calmar Ratio Rank: 3
FAOSX Martin Ratio Rank: 3

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.

FICCX vs. FAOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Canada Fund Class I (FICCX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). 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.

	FICCX	FAOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	-0.07	+1.21
Sortino ratio: Return per unit of downside risk	1.58	-0.04	+1.62
Omega ratio: Gain probability vs. loss probability	1.20	0.99	+0.21
Calmar ratio: Return relative to maximum drawdown	1.93	-0.09	+2.01
Martin ratio: Return relative to average drawdown	6.22	-0.14	+6.36

FICCX vs. FAOSX - Sharpe Ratio Comparison

The current FICCX Sharpe Ratio is 1.13, which is higher than the FAOSX Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of FICCX and FAOSX, 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

FICCX vs. FAOSX - Drawdown Comparison

The maximum FICCX drawdown since its inception was -58.09%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for FICCX and FAOSX.

Drawdown Indicators

	FICCX	FAOSX	Difference
Max Drawdown Largest peak-to-trough decline	-58.09%	-36.24%	-21.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-7.26%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	-13.96%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	-36.24%	+15.24%
Max Drawdown (10Y) Largest decline over 10 years	-39.84%	—	—
Current Drawdown Current decline from peak	-3.60%	-5.86%	+2.26%
Average Drawdown Average peak-to-trough decline	-11.89%	-7.92%	-3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	4.15%	-1.80%

Volatility

FICCX vs. FAOSX - Volatility Comparison

Fidelity Advisor Canada Fund Class I (FICCX) has a higher volatility of 3.98% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that FICCX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FICCX	FAOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.00%	+3.98%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	3.63%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	8.75%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.71%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	16.64%	+0.76%

FICCX vs. FAOSX - Expense Ratio Comparison

FICCX has a 0.74% expense ratio, which is lower than FAOSX's 1.02% expense ratio.

Dividends

FICCX vs. FAOSX - Dividend Comparison

FICCX's dividend yield for the trailing twelve months is around 4.39%, less than FAOSX's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAOSX Fidelity Advisor Overseas Fund Class Z	8.67%	8.67%	1.80%	1.12%	0.85%	2.07%	0.00%	1.70%	5.30%	3.93%	0.00%	0.00%
FICCX Fidelity Advisor Canada Fund Class I	4.39%	4.59%	7.72%	3.36%	4.12%	5.22%	2.47%	4.31%	7.38%	0.89%	1.74%	0.15%

Frequently Asked Questions

Can I hold both FICCX and FAOSX in my portfolio?

FICCX and FAOSX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FICCX or FAOSX?

FICCX has higher volatility (3.98%) compared to FAOSX (0.00%). In terms of maximum drawdown, FICCX dropped -58.09% vs FAOSX's -36.24%.

Which has better risk-adjusted returns?

FICCX currently has the higher Sharpe Ratio (1.13 vs -0.07), 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.