FIGRX vs. FAOAX
FIGRX (Fidelity International Discovery Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FIGRX returned 10.36%/yr vs 7.35%/yr for FAOAX. Their correlation of 0.93 suggests significant overlap in exposure. FIGRX charges 0.99%/yr vs 1.43%/yr for FAOAX.
Performance
FIGRX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, FIGRX has outperformed FAOAX with an annualized return of 10.36%, while FAOAX has yielded a comparatively lower 7.35% annualized return.
FIGRX
- 1D
- 0.41%
- 1M
- 4.36%
- YTD
- 14.84%
- 6M
- 15.00%
- 1Y
- 27.01%
- 3Y*
- 19.46%
- 5Y*
- 7.43%
- 10Y*
- 10.36%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.69%
- 3Y*
- 7.64%
- 5Y*
- 3.50%
- 10Y*
- 7.35%
FIGRX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIGRX Fidelity International Discovery Fund | 14.84% | 27.61% | 10.96% | 14.17% | -24.83% | 11.09% | 21.42% | 27.53% | -17.16% | 30.27% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
Correlation
The correlation between FIGRX and FAOAX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.93 |
Over the past year, the correlation between FIGRX and FAOAX has dropped to 0.53 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
FIGRX vs. FAOAX — Risk / Return Rank
FIGRX
FAOAX
FIGRX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund (FIGRX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| FIGRX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.08 | +2.21 |
| Martin ratioReturn relative to average drawdown | 8.11 | -0.13 | +8.24 |
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Drawdowns
FIGRX vs. FAOAX - Drawdown Comparison
The maximum FIGRX drawdown since its inception was -60.47%, roughly equal to the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for FIGRX and FAOAX.
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Drawdown Indicators
| FIGRX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.47% | -60.03% | -0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -7.29% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.65% | -13.99% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -36.54% | -36.50% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -36.54% | -36.50% | -0.04% |
Current DrawdownCurrent decline from peak | 0.00% | -5.87% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -14.54% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 4.15% | -0.71% |
Volatility
FIGRX vs. FAOAX - Volatility Comparison
Fidelity International Discovery Fund (FIGRX) has a higher volatility of 6.46% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that FIGRX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIGRX | FAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 0.00% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 3.63% | +11.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 8.76% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 16.71% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 16.64% | +0.40% |
FIGRX vs. FAOAX - Expense Ratio Comparison
FIGRX has a 0.99% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
FIGRX vs. FAOAX - Dividend Comparison
FIGRX's dividend yield for the trailing twelve months is around 6.05%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FIGRX Fidelity International Discovery Fund | 6.05% | 6.94% | 2.88% | 1.91% | 0.35% | 11.18% | 3.70% | 2.33% | 3.85% | 4.01% | 1.81% | 0.01% |
Frequently Asked Questions
FIGRX and FAOAX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGRX has higher volatility (6.46%) compared to FAOAX (0.00%). In terms of maximum drawdown, FIGRX dropped -60.47% vs FAOAX's -60.03%.
FIGRX currently has the higher Sharpe Ratio (1.54 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.
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