FIQKX vs. FSOSX

Last updated Jun 4, 2026

FIQKX (Fidelity Advisor International Value Fund Class Z) and FSOSX (Fidelity Series Overseas Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FIQKX returned 12.32%/yr vs 6.73%/yr for FSOSX. Their correlation of 0.88 suggests significant overlap in exposure. FIQKX charges 0.89%/yr vs 0.01%/yr for FSOSX.

Performance

FIQKX vs. FSOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Value Fund Class Z (FIQKX) and Fidelity Series Overseas Fund (FSOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIQKX achieves a 7.15% return, which is significantly higher than FSOSX's 5.63% return.

FIQKX

• 1D: 0.40%
• 1M: 2.86%
• YTD: 7.15%
• 6M: 11.23%
• 1Y: 23.65%
• 3Y*: 21.61%
• 5Y*: 12.32%
• 10Y*: —

FSOSX

• 1D: 0.96%
• 1M: 3.89%
• YTD: 5.63%
• 6M: 7.55%
• 1Y: 8.98%
• 3Y*: 13.16%
• 5Y*: 6.73%
• 10Y*: —

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

FIQKX vs. FSOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIQKX Fidelity Advisor International Value Fund Class Z	7.15%	43.69%	5.00%	19.30%	-7.79%	14.97%	3.45%	6.76%
FSOSX Fidelity Series Overseas Fund	5.63%	21.29%	5.87%	21.49%	-23.25%	19.59%	16.36%	7.78%

Correlation

The correlation between FIQKX and FSOSX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.88

The correlation between FIQKX and FSOSX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

FIQKX vs. FSOSX — Risk / Return Rank

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

FIQKX

FIQKX Risk / Return Rank: 31
FIQKX Sharpe Ratio Rank: 29
FIQKX Sortino Ratio Rank: 28
FIQKX Omega Ratio Rank: 29
FIQKX Calmar Ratio Rank: 34
FIQKX Martin Ratio Rank: 37

FSOSX

FSOSX Risk / Return Rank: 7
FSOSX Sharpe Ratio Rank: 6
FSOSX Sortino Ratio Rank: 6
FSOSX Omega Ratio Rank: 6
FSOSX Calmar Ratio Rank: 7
FSOSX Martin Ratio Rank: 8

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.

FIQKX vs. FSOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class Z (FIQKX) and Fidelity Series Overseas Fund (FSOSX). 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.

	FIQKX	FSOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	0.50	+1.05
Sortino ratio: Return per unit of downside risk	2.21	0.83	+1.38
Omega ratio: Gain probability vs. loss probability	1.28	1.10	+0.18
Calmar ratio: Return relative to maximum drawdown	2.20	0.68	+1.52
Martin ratio: Return relative to average drawdown	8.12	2.42	+5.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIQKX vs. FSOSX - Sharpe Ratio Comparison

The current FIQKX Sharpe Ratio is 1.55, which is higher than the FSOSX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of FIQKX and FSOSX, 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

	FIQKX	FSOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.50	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.38	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.51	+0.07

Drawdowns

FIQKX vs. FSOSX - Drawdown Comparison

The maximum FIQKX drawdown since its inception was -38.64%, which is greater than FSOSX's maximum drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for FIQKX and FSOSX.

Drawdown Indicators

	FIQKX	FSOSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.64%	-35.36%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-12.39%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-14.55%	-14.07%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-27.46%	-35.36%	+7.90%
Current Drawdown Current decline from peak	-1.30%	-1.31%	+0.01%
Average Drawdown Average peak-to-trough decline	-5.74%	-7.78%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	3.46%	-0.66%

Volatility

FIQKX vs. FSOSX - Volatility Comparison

The current volatility for Fidelity Advisor International Value Fund Class Z (FIQKX) is 4.72%, while Fidelity Series Overseas Fund (FSOSX) has a volatility of 6.14%. This indicates that FIQKX experiences smaller price fluctuations and is considered to be less risky than FSOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQKX	FSOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	6.14%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	14.30%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	16.80%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	17.67%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	19.05%	+0.22%

FIQKX vs. FSOSX - Expense Ratio Comparison

FIQKX has a 0.89% expense ratio, which is higher than FSOSX's 0.01% expense ratio.

Dividends

FIQKX vs. FSOSX - Dividend Comparison

FIQKX's dividend yield for the trailing twelve months is around 2.28%, less than FSOSX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIQKX Fidelity Advisor International Value Fund Class Z	2.28%	2.44%	2.49%	2.20%	1.96%	4.41%	1.82%	3.68%	3.52%
FSOSX Fidelity Series Overseas Fund	8.66%	9.15%	2.25%	1.63%	1.80%	2.92%	1.12%	0.37%	0.00%

Frequently Asked Questions

Can I hold both FIQKX and FSOSX in my portfolio?

With a correlation of 0.93, FIQKX and FSOSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIQKX or FSOSX?

FSOSX has higher volatility (6.14%) compared to FIQKX (4.72%). In terms of maximum drawdown, FIQKX dropped -38.64% vs FSOSX's -35.36%.

Which has better risk-adjusted returns?

FIQKX currently has the higher Sharpe Ratio (1.55 vs 0.50), 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.