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HAONX vs. FAOAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAONX vs. FAOAX

Last updated Jul 14, 2026
Documentation

HAONX (Harbor Overseas Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 5 years, HAONX returned 11.13%/yr vs 2.98%/yr for FAOAX. Their correlation of 0.87 suggests significant overlap in exposure. HAONX charges 1.21%/yr vs 1.43%/yr for FAOAX.

Performance

HAONX vs. FAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Overseas Fund (HAONX) 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

HAONX

1D
0.05%
1M
0.05%
6M
10.49%
YTD
15.01%
1Y
28.87%
3Y*
22.98%
5Y*
11.13%
10Y*
—

FAOAX

1D
0.00%
1M
0.00%
6M
0.00%
YTD
0.00%
1Y
-3.05%
3Y*
8.98%
5Y*
2.98%
10Y*
7.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAONX vs. FAOAX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HAONX
Harbor Overseas Fund		15.01%35.31%10.99%13.29%-15.53%18.70%12.93%9.22%
FAOAX
Fidelity Advisor Overseas Fund Class A		0.00%14.93%4.63%20.01%-24.61%18.90%14.71%14.77%

Correlation

The correlation between HAONX and FAOAX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.78

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

0.85

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2019

0.87

Over the past year, the correlation between HAONX and FAOAX has dropped to 0.48 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

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Harbor Overseas Fund

Fidelity Advisor Overseas Fund Class A

Often compared with HAONX:
HAONX vs. HMCNXHAONX vs. ARTKXHAONX vs. HAVLXHAONX vs. HASCXHAONX vs. HAINXHAONX vs. HAMVXHAONX vs. HABDX
Often compared with FAOAX:
FAOAX vs. FOCPXFAOAX vs. KGIIXFAOAX vs. FAOIXFAOAX vs. SIMYXFAOAX vs. IVFIXFAOAX vs. GSINXFAOAX vs. ANDIX

Return for Risk

HAONX vs. FAOAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAONX
HAONX Risk / Return Rank: 5656
Overall Rank
HAONX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
HAONX Sortino Ratio Rank: 5454
Sortino Ratio Rank
HAONX Omega Ratio Rank: 5555
Omega Ratio Rank
HAONX Calmar Ratio Rank: 5959
Calmar Ratio Rank
HAONX Martin Ratio Rank: 5757
Martin Ratio Rank
FAOAX
FAOAX Risk / Return Rank: 11
Overall Rank
FAOAX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
FAOAX Sortino Ratio Rank: 11
Sortino Ratio Rank
FAOAX Omega Ratio Rank: 11
Omega Ratio Rank
FAOAX Calmar Ratio Rank: 11
Calmar Ratio Rank
FAOAX Martin Ratio Rank: 11
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.

HAONX vs. FAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Overseas Fund (HAONX) 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.

HAONXFAOAXDifference
Sharpe ratioReturn per unit of total volatility
1.69
-0.61

+2.30

Sortino ratioReturn per unit of downside risk
2.34
-0.78

+3.12

Omega ratioGain probability vs. loss probability

1.30

0.87

+0.43

Calmar ratioReturn relative to maximum drawdown

2.36

-0.69

+3.05

Martin ratioReturn relative to average drawdown

8.89

-1.09

+9.98

HAONX vs. FAOAX - Sharpe Ratio Comparison

The current HAONX Sharpe Ratio is 1.69, which is higher than the FAOAX Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of HAONX 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

HAONX vs. FAOAX - Drawdown Comparison

The maximum HAONX drawdown since its inception was -31.95%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for HAONX and FAOAX.

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Drawdown Indicators

HAONXFAOAXDifference

Max Drawdown

Largest peak-to-trough decline

-31.95%

-60.03%

+28.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.72%

-7.29%

-4.43%

Max Drawdown (3Y)

Largest decline over 3 years

-14.46%

-13.99%

-0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-29.05%

-36.50%

+7.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.50%

—

Current Drawdown

Current decline from peak

-1.77%

-5.87%

+4.10%

Average Drawdown

Average peak-to-trough decline

-6.36%

-14.53%

+8.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

4.31%

-1.20%

Volatility

HAONX vs. FAOAX - Volatility Comparison

Harbor Overseas Fund (HAONX) has a higher volatility of 6.25% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that HAONX'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

HAONXFAOAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.25%

0.00%

+6.25%

Volatility (6M)

Calculated over the trailing 6-month period

14.09%

2.84%

+11.25%

Volatility (1Y)

Calculated over the trailing 1-year period

16.40%

8.35%

+8.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.14%

16.69%

-0.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.30%

16.30%

+1.00%

HAONX vs. FAOAX - Expense Ratio Comparison

HAONX has a 1.21% expense ratio, which is lower than FAOAX's 1.43% expense ratio.

Dividends

HAONX vs. FAOAX - Dividend Comparison

HAONX's dividend yield for the trailing twelve months is around 2.11%, 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%
HAONX
Harbor Overseas Fund		2.11%2.43%2.12%1.67%2.41%10.30%1.06%2.13%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HAONX and FAOAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HAONX has higher volatility (6.25%) compared to FAOAX (0.00%). In terms of maximum drawdown, HAONX dropped -31.95% vs FAOAX's -60.03%.

HAONX currently has the higher Sharpe Ratio (1.69 vs -0.61), 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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