GF vs. FAOSX
GF (The New Germany Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, GF returned -3.55%/yr vs 3.35%/yr for FAOSX. A 0.67 correlation means they provide meaningful diversification when combined. GF charges 0.01%/yr vs 1.02%/yr for FAOSX.
Performance
GF vs. FAOSX - Performance Comparison
Loading charts...
Returns By Period
GF
- 1D
- 0.17%
- 1M
- -1.04%
- 6M
- -2.91%
- YTD
- 1.77%
- 1Y
- -4.04%
- 3Y*
- 10.18%
- 5Y*
- -3.55%
- 10Y*
- 8.72%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.92%
- 3Y*
- 9.33%
- 5Y*
- 3.35%
- 10Y*
- —
GF vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 1.77% | 48.34% | -9.96% | 11.66% | -42.21% | 7.92% | 38.43% | 38.75% | -21.55% | 46.97% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 15.17% | 27.96% | -14.73% | 26.25% |
Correlation
The correlation between GF and FAOSX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.67 |
Over the past year, the correlation between GF and FAOSX has dropped to 0.30 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GF vs. FAOSX — Risk / Return Rank
GF
FAOSX
GF vs. FAOSX - 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 Z (FAOSX). 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.
| GF | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.88 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.67 | +0.40 |
| Martin ratioReturn relative to average drawdown | -0.70 | -1.06 | +0.36 |
Loading charts...
Drawdowns
GF vs. FAOSX - Drawdown Comparison
The maximum GF drawdown since its inception was -85.97%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for GF and FAOSX.
Loading charts...
Drawdown Indicators
| GF | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -36.24% | -49.73% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -7.26% | -10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.75% | -13.96% | -6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -53.83% | -36.24% | -17.59% |
Max Drawdown (10Y)Largest decline over 10 years | -53.83% | — | — |
Current DrawdownCurrent decline from peak | -19.20% | -5.86% | -13.34% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -7.91% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 4.30% | +3.27% |
Volatility
GF vs. FAOSX - Volatility Comparison
The New Germany Fund (GF) has a higher volatility of 5.20% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that GF's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GF | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 0.00% | +5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 2.83% | +13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 8.34% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.65% | 16.68% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 16.61% | +3.95% |
GF vs. FAOSX - Expense Ratio Comparison
GF has a 0.01% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
GF vs. FAOSX - Dividend Comparison
GF's dividend yield for the trailing twelve months is around 2.47%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOSX Fidelity Advisor Overseas Fund Class Z | 8.67% | 8.67% | 1.80% | 1.12% | 0.85% | 2.07% | 0.00% | 1.70% | 5.30% | 3.93% | 0.00% | 0.00% |
GF The New Germany Fund | 2.47% | 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 FAOSX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GF has higher volatility (5.20%) compared to FAOSX (0.00%). In terms of maximum drawdown, GF dropped -85.97% vs FAOSX's -36.24%.
GF currently has the higher Sharpe Ratio (-0.25 vs -0.59), 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.
Find the right allocation for GF and FAOSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer