GQJPX vs. FAOIX

Last updated Jun 4, 2026

GQJPX (GQG Partners International Quality Dividend Income Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 3 years, GQJPX returned 17.05%/yr vs 8.78%/yr for FAOIX. A 0.66 correlation means they provide meaningful diversification when combined. GQJPX charges 0.91%/yr vs 1.12%/yr for FAOIX.

Performance

GQJPX vs. FAOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners International Quality Dividend Income Fund (GQJPX) and Fidelity Advisor Overseas Fund Class I (FAOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GQJPX

• 1D: 0.16%
• 1M: -1.11%
• YTD: 6.21%
• 6M: 7.48%
• 1Y: 15.50%
• 3Y*: 17.05%
• 5Y*: —
• 10Y*: —

FAOIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -1.66%
• 3Y*: 8.78%
• 5Y*: 3.68%
• 10Y*: 7.40%

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

GQJPX vs. FAOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GQJPX GQG Partners International Quality Dividend Income Fund	6.21%	24.88%	7.39%	18.06%	-10.50%	1.05%
FAOIX Fidelity Advisor Overseas Fund Class I	0.00%	15.25%	4.92%	20.35%	-24.38%	8.31%

Correlation

The correlation between GQJPX and FAOIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.66

Over the past year, the correlation between GQJPX and FAOIX has dropped to 0.37 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

GQJPX vs. FAOIX — Risk / Return Rank

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

GQJPX

GQJPX Risk / Return Rank: 25
GQJPX Sharpe Ratio Rank: 28
GQJPX Sortino Ratio Rank: 25
GQJPX Omega Ratio Rank: 28
GQJPX Calmar Ratio Rank: 23
GQJPX Martin Ratio Rank: 22

FAOIX

FAOIX Risk / Return Rank: 1
FAOIX Sharpe Ratio Rank: 2
FAOIX Sortino Ratio Rank: 2
FAOIX Omega Ratio Rank: 1
FAOIX Calmar Ratio Rank: 1
FAOIX Martin Ratio Rank: 1

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.

GQJPX vs. FAOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners International Quality Dividend Income Fund (GQJPX) and Fidelity Advisor Overseas Fund Class I (FAOIX). 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.

	GQJPX	FAOIX	Difference
Sharpe ratio Return per unit of total volatility	1.50	-0.28	+1.78
Sortino ratio Return per unit of downside risk	2.09	-0.32	+2.41
Omega ratio Gain probability vs. loss probability	1.27	0.95	+0.32
Calmar ratio Return relative to maximum drawdown	1.79	-0.35	+2.14
Martin ratio Return relative to average drawdown	5.68	-0.60	+6.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQJPX vs. FAOIX - Sharpe Ratio Comparison

The current GQJPX Sharpe Ratio is 1.50, which is higher than the FAOIX Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of GQJPX and FAOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GQJPX	FAOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	-0.28	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.32	+0.38

Drawdowns

GQJPX vs. FAOIX - Drawdown Comparison

The maximum GQJPX drawdown since its inception was -21.83%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for GQJPX and FAOIX.

Drawdown Indicators

	GQJPX	FAOIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-59.86%	+38.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-7.28%	-1.28%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-13.98%	+4.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.33%	—
Current Drawdown Current decline from peak	-5.19%	-5.85%	+0.66%
Average Drawdown Average peak-to-trough decline	-5.52%	-14.20%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	3.96%	-1.27%

Volatility

GQJPX vs. FAOIX - Volatility Comparison

GQG Partners International Quality Dividend Income Fund (GQJPX) has a higher volatility of 2.73% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that GQJPX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQJPX	FAOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	0.00%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	4.08%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	9.20%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	16.74%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	16.70%	-3.75%

GQJPX vs. FAOIX - Expense Ratio Comparison

GQJPX has a 0.91% expense ratio, which is lower than FAOIX's 1.12% expense ratio.

Dividends

GQJPX vs. FAOIX - Dividend Comparison

GQJPX's dividend yield for the trailing twelve months is around 3.91%, less than FAOIX's 8.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAOIX Fidelity Advisor Overseas Fund Class I	8.49%	8.49%	1.66%	0.96%	0.63%	2.06%	0.00%	1.35%	5.09%	3.79%	1.49%	0.63%
GQJPX GQG Partners International Quality Dividend Income Fund	3.91%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQJPX and FAOIX in my portfolio?

GQJPX and FAOIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQJPX or FAOIX?

GQJPX has higher volatility (2.73%) compared to FAOIX (0.00%). In terms of maximum drawdown, GQJPX dropped -21.83% vs FAOIX's -59.86%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.50 vs -0.28), 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.