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GF vs. FAOAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GF vs. FAOAX

Last updated Jun 23, 2026

GF (The New Germany Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, GF returned 9.23%/yr vs 7.35%/yr for FAOAX. A 0.64 correlation means they provide meaningful diversification when combined. GF charges 0.01%/yr vs 1.43%/yr for FAOAX.

Performance

GF vs. FAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The New Germany Fund (GF) and Fidelity Advisor Overseas Fund Class A (FAOAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

Over the past 10 years, GF has outperformed FAOAX with an annualized return of 9.23%, while FAOAX has yielded a comparatively lower 7.35% annualized return.

GF

1D
-1.09%
1M
1.50%
YTD
4.70%
6M
7.12%
1Y
6.36%
3Y*
12.00%
5Y*
-2.70%
10Y*
9.23%

FAOAX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.14%
3Y*
7.64%
5Y*
3.50%
10Y*
7.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GF vs. FAOAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GF
The New Germany Fund		4.70%48.34%-9.96%11.66%-42.21%7.92%38.43%38.75%-21.55%54.50%
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%29.66%

Correlation

The correlation between GF and FAOAX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.56

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

0.64

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

0.68

Correlation (All Time)
Calculated using the full available price history since Dec 31, 1993

0.64

Over the past year, the correlation between GF and FAOAX has dropped to 0.32 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

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The New Germany Fund

Fidelity Advisor Overseas Fund Class A

Often compared with GF:
GF vs. FHLFXGF vs. BTIIXGF vs. FIGSXGF vs. MGHYXGF vs. AAAAXGF vs. CIGIXGF vs. FISZX
Often compared with FAOAX:
FAOAX vs. FOCPXFAOAX vs. KGIIXFAOAX vs. FAOIXFAOAX vs. SIMYXFAOAX vs. IVFIXFAOAX vs. GSINXFAOAX vs. ANDIX

Return for Risk

GF vs. FAOAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GF
GF Risk / Return Rank: 55
Overall Rank
GF Sharpe Ratio Rank: 55
Sharpe Ratio Rank
GF Sortino Ratio Rank: 55
Sortino Ratio Rank
GF Omega Ratio Rank: 55
Omega Ratio Rank
GF Calmar Ratio Rank: 55
Calmar Ratio Rank
GF Martin Ratio Rank: 55
Martin Ratio Rank
FAOAX
FAOAX Risk / Return Rank: 22
Overall Rank
FAOAX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FAOAX Sortino Ratio Rank: 22
Sortino Ratio Rank
FAOAX Omega Ratio Rank: 22
Omega Ratio Rank
FAOAX Calmar Ratio Rank: 22
Calmar Ratio Rank
FAOAX Martin Ratio Rank: 22
Martin Ratio Rank
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.

GF vs. FAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The New Germany Fund (GF) 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.

GFFAOAXDifference
Sharpe ratioReturn per unit of total volatility
0.32
-0.07

+0.39

Sortino ratioReturn per unit of downside risk
0.59
-0.03

+0.62

Omega ratioGain probability vs. loss probability

1.07

1.00

+0.08

Calmar ratioReturn relative to maximum drawdown

0.35

-0.08

+0.43

Martin ratioReturn relative to average drawdown

0.85

-0.13

+0.98

GF vs. FAOAX - Sharpe Ratio Comparison

The current GF Sharpe Ratio is 0.32, which is higher than the FAOAX Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of GF and FAOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GF vs. FAOAX - Drawdown Comparison

The maximum GF drawdown since its inception was -85.97%, which is greater than FAOAX's maximum drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for GF and FAOAX.

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Drawdown Indicators

GFFAOAXDifference

Max Drawdown

Largest peak-to-trough decline

-85.97%

-60.03%

-25.94%

Max Drawdown (1Y)

Largest decline over 1 year

-18.07%

-7.29%

-10.78%

Max Drawdown (3Y)

Largest decline over 3 years

-20.75%

-13.99%

-6.76%

Max Drawdown (5Y)

Largest decline over 5 years

-53.83%

-36.50%

-17.33%

Max Drawdown (10Y)

Largest decline over 10 years

-53.83%

-36.50%

-17.33%

Current Drawdown

Current decline from peak

-16.87%

-5.87%

-11.00%

Average Drawdown

Average peak-to-trough decline

-33.91%

-14.54%

-19.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.47%

4.15%

+3.32%

Volatility

GF vs. FAOAX - Volatility Comparison

The New Germany Fund (GF) has a higher volatility of 4.76% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that GF'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

GFFAOAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.76%

0.00%

+4.76%

Volatility (6M)

Calculated over the trailing 6-month period

16.13%

3.63%

+12.50%

Volatility (1Y)

Calculated over the trailing 1-year period

19.79%

8.76%

+11.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.62%

16.71%

+3.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.72%

16.64%

+4.08%

GF vs. FAOAX - Expense Ratio Comparison

GF has a 0.01% expense ratio, which is lower than FAOAX's 1.43% expense ratio.

Dividends

GF vs. FAOAX - Dividend Comparison

GF's dividend yield for the trailing twelve months is around 2.41%, less than FAOAX's 8.54% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
GF
The New Germany Fund		2.41%1.30%0.92%0.80%9.74%39.51%12.92%3.29%31.23%3.82%9.05%8.37%

Frequently Asked Questions

GF and FAOAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GF has higher volatility (4.76%) compared to FAOAX (0.00%). In terms of maximum drawdown, GF dropped -85.97% vs FAOAX's -60.03%.

GF currently has the higher Sharpe Ratio (0.32 vs -0.07), 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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