FZAJX vs. GSINX

Last updated Aug 1, 2026

FZAJX (Fidelity Advisor International Growth Fund Class Z) and GSINX (Goldman Sachs GQG Partners International Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FZAJX returned 4.96%/yr vs 9.09%/yr for GSINX. Their correlation of 0.81 means they have usually moved in the same direction. FZAJX charges 0.87%/yr vs 0.89%/yr for GSINX.

Performance

FZAJX vs. GSINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Growth Fund Class Z (FZAJX) and Goldman Sachs GQG Partners International Opportunities Fund (GSINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FZAJX achieves a 7.55% return, which is significantly lower than GSINX's 8.09% return.

FZAJX

• 1D: 3.79%
• 1M: -2.64%
• 6M: 2.10%
• YTD: 7.55%
• 1Y: 14.76%
• 3Y*: 11.67%
• 5Y*: 4.96%
• 10Y*: 9.27%
• ALL TIME*: 8.31%

GSINX

• 1D: 0.62%
• 1M: 2.07%
• 6M: 4.40%
• YTD: 8.09%
• 1Y: 15.57%
• 3Y*: 15.35%
• 5Y*: 9.09%
• 10Y*: —
• ALL TIME*: 12.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FZAJX Fidelity Advisor International Growth Fund Class Z	$0.00	$0.00	$0.00
GSINX Goldman Sachs GQG Partners International Opportunities Fund	$0.00	$0.00	$0.00

FZAJX vs. GSINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FZAJX Fidelity Advisor International Growth Fund Class Z	7.55%	18.02%	5.02%	21.03%	-23.11%	15.55%	17.11%	34.21%	-11.40%	28.88%
GSINX Goldman Sachs GQG Partners International Opportunities Fund	8.09%	20.76%	9.53%	21.93%	-11.14%	12.35%	15.64%	27.41%	-6.14%	29.66%

Correlation

The correlation between FZAJX and GSINX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.81

Over the past year, the correlation between FZAJX and GSINX has dropped to 0.38 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FZAJX vs. GSINX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FZAJX

FZAJX Risk / Return Rank: 19
FZAJX Sharpe Ratio Rank: 17
FZAJX Sortino Ratio Rank: 18
FZAJX Omega Ratio Rank: 18
FZAJX Calmar Ratio Rank: 20
FZAJX Martin Ratio Rank: 23

GSINX

GSINX Risk / Return Rank: 61
GSINX Sharpe Ratio Rank: 69
GSINX Sortino Ratio Rank: 65
GSINX Omega Ratio Rank: 69
GSINX Calmar Ratio Rank: 61
GSINX Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FZAJX vs. GSINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Growth Fund Class Z (FZAJX) and Goldman Sachs GQG Partners International Opportunities Fund (GSINX). 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.

	FZAJX	GSINX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.59	-0.93
Sortino ratio: Return per unit of downside risk	1.08	2.19	-1.11
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio: Return relative to maximum drawdown	0.97	2.01	-1.03
Martin ratio: Return relative to average drawdown	3.33	5.47	-2.13

FZAJX vs. GSINX - Sharpe Ratio Comparison

The current FZAJX Sharpe Ratio is 0.66, which is lower than the GSINX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FZAJX and GSINX, 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

FZAJX vs. GSINX - Drawdown Comparison

The maximum FZAJX drawdown since its inception was -34.84%, which is greater than GSINX's maximum drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for FZAJX and GSINX.

Drawdown Indicators

	FZAJX	GSINX	Difference
Max Drawdown Largest peak-to-trough decline	-34.84%	-28.80%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.96%	-7.80%	-6.16%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-10.32%	-6.19%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-25.46%	-9.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.84%	—	—
Current Drawdown Current decline from peak	-4.81%	-2.18%	-2.63%
Average Drawdown Average peak-to-trough decline	-6.60%	-4.84%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.85%	+1.22%

Volatility

FZAJX vs. GSINX - Volatility Comparison

Fidelity Advisor International Growth Fund Class Z (FZAJX) has a higher volatility of 6.80% compared to Goldman Sachs GQG Partners International Opportunities Fund (GSINX) at 2.72%. This indicates that FZAJX's price experiences larger fluctuations and is considered to be riskier than GSINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FZAJX	GSINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	2.72%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	18.31%	8.18%	+10.13%
Volatility (1Y) Calculated over the trailing 1-year period	20.61%	9.87%	+10.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	14.26%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	15.61%	+2.30%

FZAJX vs. GSINX - Expense Ratio Comparison

FZAJX has a 0.87% expense ratio, which is lower than GSINX's 0.89% expense ratio.

Dividends

FZAJX vs. GSINX - Dividend Comparison

FZAJX's dividend yield for the trailing twelve months is around 3.39%, less than GSINX's 4.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZAJX Fidelity Advisor International Growth Fund Class Z	3.39%	3.65%	1.00%	0.61%	1.81%	2.03%	0.22%	1.11%	1.04%	0.12%	1.40%	0.92%
GSINX Goldman Sachs GQG Partners International Opportunities Fund	4.65%	5.03%	11.11%	2.27%	4.79%	2.13%	0.08%	0.57%	0.43%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FZAJX and GSINX in my portfolio?

FZAJX and GSINX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FZAJX or GSINX?

FZAJX has higher volatility (6.80%) compared to GSINX (2.72%). In terms of maximum drawdown, FZAJX dropped -34.84% vs GSINX's -28.80%.

Which has better risk-adjusted returns?

GSINX currently has the higher Sharpe Ratio (1.59 vs 0.66), 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.