FTIEX vs. FSOSX

Last updated Jun 24, 2026

FTIEX (Fidelity Total International Equity Fund) and FSOSX (Fidelity Series Overseas Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FTIEX returned 9.74%/yr vs 7.40%/yr for FSOSX. Their correlation of 0.92 suggests significant overlap in exposure. FTIEX charges 1.05%/yr vs 0.01%/yr for FSOSX.

Performance

FTIEX vs. FSOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total International Equity Fund (FTIEX) and Fidelity Series Overseas Fund (FSOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTIEX achieves a 15.51% return, which is significantly higher than FSOSX's 9.78% return.

FTIEX

• 1D: 0.00%
• 1M: 3.61%
• YTD: 15.51%
• 6M: 15.54%
• 1Y: 32.62%
• 3Y*: 20.75%
• 5Y*: 9.74%
• 10Y*: 11.55%

FSOSX

• 1D: 0.61%
• 1M: 5.33%
• YTD: 9.78%
• 6M: 9.27%
• 1Y: 14.49%
• 3Y*: 14.96%
• 5Y*: 7.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTIEX vs. FSOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FTIEX Fidelity Total International Equity Fund	15.51%	32.46%	6.58%	16.31%	-17.03%	11.11%	17.91%	8.96%
FSOSX Fidelity Series Overseas Fund	9.78%	21.29%	5.87%	21.49%	-23.25%	19.59%	16.36%	7.78%

Correlation

The correlation between FTIEX and FSOSX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.92

The correlation between FTIEX and FSOSX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

FTIEX vs. FSOSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTIEX

FTIEX Risk / Return Rank: 60
FTIEX Sharpe Ratio Rank: 61
FTIEX Sortino Ratio Rank: 56
FTIEX Omega Ratio Rank: 61
FTIEX Calmar Ratio Rank: 60
FTIEX Martin Ratio Rank: 60

FSOSX

FSOSX Risk / Return Rank: 14
FSOSX Sharpe Ratio Rank: 12
FSOSX Sortino Ratio Rank: 13
FSOSX Omega Ratio Rank: 12
FSOSX Calmar Ratio Rank: 15
FSOSX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTIEX vs. FSOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total International Equity Fund (FTIEX) and Fidelity Series Overseas Fund (FSOSX). 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.

	FTIEX	FSOSX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	0.88	+1.23
Sortino ratio: Return per unit of downside risk	2.89	1.35	+1.54
Omega ratio: Gain probability vs. loss probability	1.39	1.17	+0.23
Calmar ratio: Return relative to maximum drawdown	2.85	1.25	+1.60
Martin ratio: Return relative to average drawdown	11.26	4.43	+6.83

FTIEX vs. FSOSX - Sharpe Ratio Comparison

The current FTIEX Sharpe Ratio is 2.12, which is higher than the FSOSX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FTIEX and FSOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTIEX vs. FSOSX - Drawdown Comparison

The maximum FTIEX drawdown since its inception was -61.85%, which is greater than FSOSX's maximum drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for FTIEX and FSOSX.

Drawdown Indicators

	FTIEX	FSOSX	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-35.36%	-26.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-12.39%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-14.18%	-14.07%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-30.02%	-35.36%	+5.34%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.12%	-7.74%	-5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.49%	-0.51%

Volatility

FTIEX vs. FSOSX - Volatility Comparison

Fidelity Total International Equity Fund (FTIEX) and Fidelity Series Overseas Fund (FSOSX) have volatilities of 6.49% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTIEX	FSOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	6.30%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	15.32%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	17.64%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	17.85%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	19.10%	-2.22%

FTIEX vs. FSOSX - Expense Ratio Comparison

FTIEX has a 1.05% expense ratio, which is higher than FSOSX's 0.01% expense ratio.

Dividends

FTIEX vs. FSOSX - Dividend Comparison

FTIEX's dividend yield for the trailing twelve months is around 1.06%, less than FSOSX's 8.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSOSX Fidelity Series Overseas Fund	8.33%	9.15%	2.25%	1.63%	1.80%	2.92%	1.12%	0.37%	0.00%	0.00%	0.00%	0.00%
FTIEX Fidelity Total International Equity Fund	1.06%	1.23%	1.57%	1.33%	1.07%	8.67%	2.46%	1.66%	1.00%	2.43%	1.47%	1.25%

Frequently Asked Questions

Can I hold both FTIEX and FSOSX in my portfolio?

With a correlation of 0.94, FTIEX and FSOSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTIEX or FSOSX?

FTIEX has higher volatility (6.49%) compared to FSOSX (6.30%). In terms of maximum drawdown, FTIEX dropped -61.85% vs FSOSX's -35.36%.

Which has better risk-adjusted returns?

FTIEX currently has the higher Sharpe Ratio (2.12 vs 0.88), 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.