FIVLX vs. FAOSX
FIVLX (Fidelity International Value Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FIVLX returned 13.82%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.85 means they have usually moved in the same direction. FIVLX charges 0.80%/yr vs 1.02%/yr for FAOSX.
Performance
FIVLX vs. FAOSX - Performance Comparison
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Returns By Period
FIVLX
- 1D
- -0.51%
- 1M
- 1.96%
- 6M
- 4.69%
- YTD
- 10.76%
- 1Y
- 26.85%
- 3Y*
- 21.13%
- 5Y*
- 13.82%
- 10Y*
- 10.00%
- ALL TIME*
- 4.95%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIVLX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIVLX Fidelity International Value Fund | 10.76% | 43.67% | 5.33% | 19.27% | -7.99% | 14.89% | 3.36% | 18.92% | -17.17% | 15.30% |
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 FIVLX and FAOSX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.85 |
Over the past year, the correlation between FIVLX and FAOSX has dropped to 0.44 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
FIVLX vs. FAOSX — Risk / Return Rank
FIVLX
FAOSX
FIVLX vs. FAOSX - 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 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.
| FIVLX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | -0.32 | +2.86 |
| Martin ratioReturn relative to average drawdown | 9.31 | -0.48 | +9.80 |
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Drawdowns
FIVLX vs. FAOSX - Drawdown Comparison
The maximum FIVLX drawdown since its inception was -65.21%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for FIVLX and FAOSX.
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Drawdown Indicators
| FIVLX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -36.24% | -28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -7.26% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -13.96% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -36.24% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -43.43% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -5.86% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -7.90% | -9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 4.48% | -1.64% |
Volatility
FIVLX vs. FAOSX - Volatility Comparison
Fidelity International Value Fund (FIVLX) has a higher volatility of 4.39% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that FIVLX'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.
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Volatility by Period
| FIVLX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 0.00% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 0.00% | +12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.99% | 7.68% | +7.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 16.65% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 16.56% | +1.05% |
FIVLX vs. FAOSX - Expense Ratio Comparison
FIVLX has a 0.80% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
FIVLX vs. FAOSX - Dividend Comparison
FIVLX's dividend yield for the trailing twelve months is around 2.10%, 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% |
FIVLX Fidelity International Value Fund | 2.10% | 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 FAOSX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVLX has higher volatility (4.39%) compared to FAOSX (0.00%). In terms of maximum drawdown, FIVLX dropped -65.21% vs FAOSX's -36.24%.
FIVLX currently has the higher Sharpe Ratio (1.77 vs -0.30), 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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