FIVFX vs. FAOSX

Last updated Jun 4, 2026

FIVFX (Fidelity International Capital Appreciation Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Their correlation of 0.93 suggests significant overlap in exposure. FIVFX charges 1.00%/yr vs 1.02%/yr for FAOSX.

Performance

FIVFX vs. FAOSX - Performance Comparison

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

Returns By Period

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAOSX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -1.63%
• 3Y*: 8.88%
• 5Y*: 3.79%
• 10Y*: —

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

FIVFX vs. FAOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	30.11%
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 FIVFX and FAOSX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.93

Over the past year, the correlation between FIVFX and FAOSX has dropped to 0.46 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

Return for Risk

FIVFX vs. FAOSX — Risk / Return Rank

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

FAOSX

FAOSX Risk / Return Rank: 1
FAOSX Sharpe Ratio Rank: 2
FAOSX Sortino Ratio Rank: 2
FAOSX Omega Ratio Rank: 1
FAOSX Calmar Ratio Rank: 1
FAOSX Martin Ratio Rank: 2

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.

FIVFX vs. FAOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Capital Appreciation Fund (FIVFX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FIVFX	FAOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.50	—

Drawdowns

Drawdown Indicators

	FIVFX	FAOSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.24%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.24%	—
Current Drawdown Current decline from peak	—	-5.86%	—
Average Drawdown Average peak-to-trough decline	—	-7.93%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.97%	—

Volatility

Volatility by Period

	FIVFX	FAOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.72%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.68%	—

FIVFX vs. FAOSX - Expense Ratio Comparison

FIVFX has a 1.00% expense ratio, which is lower than FAOSX's 1.02% expense ratio.

Dividends

FIVFX vs. FAOSX - Dividend Comparison

FIVFX's dividend yield for the trailing twelve months is around 10.67%, more 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%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both FIVFX and FAOSX in my portfolio?

FIVFX and FAOSX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.