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FZAJX vs. ANDIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FZAJX vs. ANDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Growth Fund Class Z (FZAJX) and AQR International Defensive Style Fund (ANDIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


FZAJX

1D
-1.28%
1M
0.54%
YTD
5.92%
6M
8.29%
1Y
13.02%
3Y*
12.03%
5Y*
5.38%
10Y*
9.26%

ANDIX

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

FZAJX vs. ANDIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FZAJX
Fidelity Advisor International Growth Fund Class Z
5.92%18.02%5.02%21.03%-23.11%15.55%17.11%34.21%-11.40%28.88%
ANDIX
AQR International Defensive Style Fund
5.63%21.41%2.83%12.06%-14.26%7.59%8.43%18.39%-10.35%22.86%

Correlation

The correlation between FZAJX and ANDIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2013

0.88

The correlation between FZAJX and ANDIX shifts across timeframes, from 0.73 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

FZAJX vs. ANDIX — Risk / Return Rank

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

FZAJX
FZAJX Risk / Return Rank: 1010
Overall Rank
FZAJX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
FZAJX Sortino Ratio Rank: 1010
Sortino Ratio Rank
FZAJX Omega Ratio Rank: 99
Omega Ratio Rank
FZAJX Calmar Ratio Rank: 99
Calmar Ratio Rank
FZAJX Martin Ratio Rank: 1212
Martin Ratio Rank

ANDIX
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.

FZAJX vs. ANDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Growth Fund Class Z (FZAJX) and AQR International Defensive Style Fund (ANDIX). 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.


FZAJXANDIXDifference

Sharpe ratio

Return per unit of total volatility

0.76

Sortino ratio

Return per unit of downside risk

1.20

Omega ratio

Gain probability vs. loss probability

1.15

Calmar ratio

Return relative to maximum drawdown

0.97

Martin ratio

Return relative to average drawdown

3.58

FZAJX vs. ANDIX - Sharpe Ratio Comparison


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Sharpe Ratios by Period


FZAJXANDIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

Drawdowns

FZAJX vs. ANDIX - Drawdown Comparison


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Drawdown Indicators


FZAJXANDIXDifference

Max Drawdown

Largest peak-to-trough decline

-34.84%

Max Drawdown (1Y)

Largest decline over 1 year

-13.96%

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

Max Drawdown (5Y)

Largest decline over 5 years

-34.84%

Max Drawdown (10Y)

Largest decline over 10 years

-34.84%

Current Drawdown

Current decline from peak

-3.34%

Average Drawdown

Average peak-to-trough decline

-6.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

Volatility

FZAJX vs. ANDIX - Volatility Comparison


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Volatility by Period


FZAJXANDIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.23%

Volatility (6M)

Calculated over the trailing 6-month period

15.86%

Volatility (1Y)

Calculated over the trailing 1-year period

18.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.83%

FZAJX vs. ANDIX - Expense Ratio Comparison

FZAJX has a 0.87% expense ratio, which is higher than ANDIX's 0.55% expense ratio.


Dividends

FZAJX vs. ANDIX - Dividend Comparison

FZAJX's dividend yield for the trailing twelve months is around 3.45%, less than ANDIX's 70.16% yield.


PositionTTM20252024202320222021202020192018201720162015
ANDIX
AQR International Defensive Style Fund
70.16%4.74%2.29%3.02%2.00%2.53%1.73%2.51%2.40%3.30%1.47%2.09%
FZAJX
Fidelity Advisor International Growth Fund Class Z
3.45%3.65%1.00%0.61%1.81%2.03%0.22%1.11%1.04%0.12%1.40%0.92%

Frequently Asked Questions


FZAJX and ANDIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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