FNIDX vs. FAOAX
FNIDX (Fidelity International Sustainability Index Fd) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FNIDX returned 7.00%/yr vs 2.49%/yr for FAOAX. Their correlation of 0.87 means they have usually moved in the same direction. FNIDX charges 0.20%/yr vs 1.43%/yr for FAOAX.
Performance
FNIDX vs. FAOAX - Performance Comparison
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Returns By Period
FNIDX
- 1D
- 0.12%
- 1M
- 0.00%
- 6M
- 3.66%
- YTD
- 9.50%
- 1Y
- 23.44%
- 3Y*
- 15.18%
- 5Y*
- 7.00%
- 10Y*
- —
- ALL TIME*
- 7.90%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.36%
- 3Y*
- 7.62%
- 5Y*
- 2.49%
- 10Y*
- 7.41%
- ALL TIME*
- 5.44%
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 |
FNIDX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNIDX Fidelity International Sustainability Index Fd | 9.50% | 29.80% | 5.67% | 14.65% | -18.89% | 7.65% | 12.98% | 22.20% | -14.00% | 12.96% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 11.49% |
Correlation
The correlation between FNIDX and FAOAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.87 |
Over the past year, the correlation between FNIDX and FAOAX has dropped to 0.42 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
FNIDX vs. FAOAX — Risk / Return Rank
FNIDX
FAOAX
FNIDX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Sustainability Index Fd (FNIDX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| FNIDX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.93 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.34 | +2.37 |
| Martin ratioReturn relative to average drawdown | 7.35 | -0.52 | +7.87 |
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Drawdowns
FNIDX vs. FAOAX - Drawdown Comparison
The maximum FNIDX drawdown since its inception was -33.17%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for FNIDX and FAOAX.
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Drawdown Indicators
| FNIDX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -60.03% | +26.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -7.29% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -13.99% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -32.79% | -36.50% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.50% | — |
Current DrawdownCurrent decline from peak | -2.74% | -5.87% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -14.52% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.49% | -1.37% |
Volatility
FNIDX vs. FAOAX - Volatility Comparison
Fidelity International Sustainability Index Fd (FNIDX) has a higher volatility of 4.92% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that FNIDX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNIDX | FAOAX | 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 | 14.53% | 0.00% | +14.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 7.67% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 16.65% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 16.28% | +0.37% |
FNIDX vs. FAOAX - Expense Ratio Comparison
FNIDX has a 0.20% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
FNIDX vs. FAOAX - Dividend Comparison
FNIDX's dividend yield for the trailing twelve months is around 2.57%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FNIDX Fidelity International Sustainability Index Fd | 2.57% | 2.81% | 2.34% | 2.64% | 2.32% | 1.93% | 1.13% | 2.17% | 2.28% | 1.27% | 0.00% | 0.00% |
Frequently Asked Questions
FNIDX and FAOAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNIDX has higher volatility (4.92%) compared to FAOAX (0.00%). In terms of maximum drawdown, FNIDX dropped -33.17% vs FAOAX's -60.03%.
FNIDX currently has the higher Sharpe Ratio (1.38 vs -0.32), 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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