FNGAX vs. FAOSX
FNGAX (Franklin International Growth Fund Class A) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, FNGAX returned -4.12%/yr vs 2.60%/yr for FAOSX. Their correlation of 0.85 means they have usually moved in the same direction. FNGAX charges 1.12%/yr vs 1.02%/yr for FAOSX.
Performance
FNGAX vs. FAOSX - Performance Comparison
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Returns By Period
FNGAX
- 1D
- 0.77%
- 1M
- -1.84%
- 6M
- -1.50%
- YTD
- -1.33%
- 1Y
- -2.99%
- 3Y*
- 4.33%
- 5Y*
- -4.12%
- 10Y*
- 6.07%
- ALL TIME*
- 4.06%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.76%
- 3Y*
- 9.01%
- 5Y*
- 2.60%
- 10Y*
- —
- ALL TIME*
- 8.09%
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 |
FNGAX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGAX Franklin International Growth Fund Class A | -1.33% | 10.48% | 0.37% | 15.00% | -32.05% | 1.17% | 32.56% | 36.91% | -14.53% | 32.00% |
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 FNGAX 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. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.85 |
Over the past year, the correlation between FNGAX 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
FNGAX vs. FAOSX — Risk / Return Rank
FNGAX
FAOSX
FNGAX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund Class A (FNGAX) 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.
| FNGAX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.04 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.28 | -0.06 | -0.22 |
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Drawdowns
FNGAX vs. FAOSX - Drawdown Comparison
The maximum FNGAX drawdown since its inception was -53.35%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for FNGAX and FAOSX.
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Drawdown Indicators
| FNGAX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -36.24% | -17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -17.35% | -7.26% | -10.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -13.96% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -47.24% | -36.24% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | — | — |
Current DrawdownCurrent decline from peak | -22.09% | -5.86% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -7.90% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 4.51% | +2.02% |
Volatility
FNGAX vs. FAOSX - Volatility Comparison
Franklin International Growth Fund Class A (FNGAX) has a higher volatility of 4.92% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that FNGAX'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
| FNGAX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 0.00% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 0.00% | +14.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 7.53% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 16.65% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 16.56% | +3.55% |
FNGAX vs. FAOSX - Expense Ratio Comparison
FNGAX has a 1.12% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
FNGAX vs. FAOSX - Dividend Comparison
FNGAX's dividend yield for the trailing twelve months is around 3.31%, 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% |
FNGAX Franklin International Growth Fund Class A | 3.31% | 3.36% | 1.86% | 0.00% | 1.75% | 1.80% | 2.22% | 0.13% | 1.94% | 1.31% | 0.53% | 0.01% |
Frequently Asked Questions
FNGAX 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.
FNGAX has higher volatility (4.92%) compared to FAOSX (0.00%). In terms of maximum drawdown, FNGAX dropped -53.35% vs FAOSX's -36.24%.
FAOSX currently has the higher Sharpe Ratio (-0.04 vs -0.10), 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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