FTCEX vs. FAOCX
FTCEX (Fidelity Advisor Total International Equity Fund Class C) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FTCEX returned 9.52%/yr vs 6.54%/yr for FAOCX. Their correlation of 0.93 means they have usually moved in the same direction. FTCEX charges 2.05%/yr vs 2.25%/yr for FAOCX.
Performance
FTCEX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, FTCEX has outperformed FAOCX with an annualized return of 9.52%, while FAOCX has yielded a comparatively lower 6.54% annualized return.
FTCEX
- 1D
- 3.03%
- 1M
- -0.54%
- 6M
- 5.05%
- YTD
- 11.60%
- 1Y
- 24.53%
- 3Y*
- 16.31%
- 5Y*
- 8.19%
- 10Y*
- 9.52%
- ALL TIME*
- 4.18%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.57%
- 3Y*
- 7.00%
- 5Y*
- 1.81%
- 10Y*
- 6.54%
- ALL TIME*
- 4.61%
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 |
FTCEX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTCEX Fidelity Advisor Total International Equity Fund Class C | 11.60% | 31.18% | 5.41% | 15.12% | -17.90% | 10.01% | 16.73% | 26.30% | -15.99% | 29.05% |
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 FTCEX and FAOCX 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. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2007 | 0.93 |
Over the past year, the correlation between FTCEX and FAOCX has dropped to 0.42 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
FTCEX vs. FAOCX — Risk / Return Rank
FTCEX
FAOCX
FTCEX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total International Equity Fund Class C (FTCEX) 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.
| FTCEX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.92 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.37 | +2.32 |
| Martin ratioReturn relative to average drawdown | 7.23 | -0.56 | +7.80 |
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Drawdowns
FTCEX vs. FAOCX - Drawdown Comparison
The maximum FTCEX drawdown since its inception was -62.39%, roughly equal to the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for FTCEX and FAOCX.
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Drawdown Indicators
| FTCEX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -60.45% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -7.33% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -14.05% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -30.67% | -36.96% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | -36.96% | +3.43% |
Current DrawdownCurrent decline from peak | -2.92% | -5.90% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -15.58% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 4.52% | -1.34% |
Volatility
FTCEX vs. FAOCX - Volatility Comparison
Fidelity Advisor Total International Equity Fund Class C (FTCEX) has a higher volatility of 5.78% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that FTCEX'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
| FTCEX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 0.00% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 0.00% | +15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.89% | 7.67% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 16.66% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 16.28% | +0.50% |
FTCEX vs. FAOCX - Expense Ratio Comparison
FTCEX has a 2.05% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
FTCEX vs. FAOCX - Dividend Comparison
FTCEX's dividend yield for the trailing twelve months is around 0.19%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTCEX Fidelity Advisor Total International Equity Fund Class C | 0.19% | 0.21% | 0.24% | 0.43% | 0.08% | 7.34% | 1.74% | 0.67% | 0.00% | 3.47% | 0.31% |
Frequently Asked Questions
FTCEX and FAOCX 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.
FTCEX has higher volatility (5.78%) compared to FAOCX (0.00%). In terms of maximum drawdown, FTCEX dropped -62.39% vs FAOCX's -60.45%.
FTCEX currently has the higher Sharpe Ratio (1.37 vs -0.36), 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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