FIVLX vs. FAOCX
FIVLX (Fidelity International Value Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FIVLX returned 10.29%/yr vs 6.48%/yr for FAOCX. Their correlation of 0.92 suggests significant overlap in exposure. FIVLX charges 1.01%/yr vs 2.25%/yr for FAOCX.
Performance
FIVLX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, FIVLX has outperformed FAOCX with an annualized return of 10.29%, while FAOCX has yielded a comparatively lower 6.48% annualized return.
FIVLX
- 1D
- 0.20%
- 1M
- 0.93%
- YTD
- 7.58%
- 6M
- 7.35%
- 1Y
- 25.19%
- 3Y*
- 21.83%
- 5Y*
- 13.13%
- 10Y*
- 10.29%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.01%
- 3Y*
- 6.99%
- 5Y*
- 2.79%
- 10Y*
- 6.48%
FIVLX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIVLX Fidelity International Value Fund | 7.58% | 43.67% | 5.33% | 19.27% | -7.99% | 14.89% | 3.36% | 18.92% | -17.17% | 17.85% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
Correlation
The correlation between FIVLX and FAOCX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 19, 2006 | 0.92 |
Over the past year, the correlation between FIVLX and FAOCX has dropped to 0.54 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
FIVLX vs. FAOCX — Risk / Return Rank
FIVLX
FAOCX
FIVLX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Fund (FIVLX) and Fidelity Advisor Overseas Fund Class C (FAOCX). 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.
| FIVLX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | -0.13 | +2.58 |
| Martin ratioReturn relative to average drawdown | 8.96 | -0.21 | +9.18 |
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Drawdowns
FIVLX vs. FAOCX - Drawdown Comparison
The maximum FIVLX drawdown since its inception was -65.21%, which is greater than FAOCX's maximum drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for FIVLX and FAOCX.
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Drawdown Indicators
| FIVLX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -60.45% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -7.33% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -14.05% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -36.96% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -43.43% | -36.96% | -6.47% |
Current DrawdownCurrent decline from peak | -0.91% | -5.90% | +4.99% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -15.61% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 4.17% | -1.32% |
Volatility
FIVLX vs. FAOCX - Volatility Comparison
Fidelity International Value Fund (FIVLX) has a higher volatility of 4.23% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that FIVLX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIVLX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 0.00% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 3.64% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 8.76% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 16.71% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.64% | +1.24% |
FIVLX vs. FAOCX - Expense Ratio Comparison
FIVLX has a 1.01% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
FIVLX vs. FAOCX - Dividend Comparison
FIVLX's dividend yield for the trailing twelve months is around 2.16%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% | 0.00% |
FIVLX Fidelity International Value Fund | 2.16% | 2.32% | 2.90% | 2.06% | 1.85% | 4.35% | 1.74% | 3.54% | 3.33% | 0.15% | 2.71% | 1.44% |
Frequently Asked Questions
FIVLX and FAOCX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVLX has higher volatility (4.23%) compared to FAOCX (0.00%). In terms of maximum drawdown, FIVLX dropped -65.21% vs FAOCX's -60.45%.
FIVLX currently has the higher Sharpe Ratio (1.72 vs -0.11), 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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