HIIDX vs. FAOSX
HIIDX (Harbor Diversified International All Cap Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, HIIDX returned 7.37%/yr vs 3.89%/yr for FAOSX. Their correlation of 0.87 suggests significant overlap in exposure. HIIDX charges 1.16%/yr vs 1.02%/yr for FAOSX.
Performance
HIIDX vs. FAOSX - Performance Comparison
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Returns By Period
HIIDX
- 1D
- 0.82%
- 1M
- 1.34%
- YTD
- 10.63%
- 6M
- 11.10%
- 1Y
- 25.52%
- 3Y*
- 15.10%
- 5Y*
- 7.37%
- 10Y*
- 8.47%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.31%
- 3Y*
- 8.01%
- 5Y*
- 3.89%
- 10Y*
- —
HIIDX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIIDX Harbor Diversified International All Cap Fund | 10.63% | 29.94% | 3.15% | 14.18% | -14.63% | 9.70% | 7.86% | 23.35% | -14.07% | 18.96% |
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 HIIDX and FAOSX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.87 |
Over the past year, the correlation between HIIDX and FAOSX has dropped to 0.52 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
HIIDX vs. FAOSX — Risk / Return Rank
HIIDX
FAOSX
HIIDX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Diversified International All Cap Fund (HIIDX) 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.
| HIIDX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.06 | +2.17 |
| Martin ratioReturn relative to average drawdown | 7.87 | -0.09 | +7.97 |
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Drawdowns
HIIDX vs. FAOSX - Drawdown Comparison
The maximum HIIDX drawdown since its inception was -37.50%, roughly equal to the maximum FAOSX drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for HIIDX and FAOSX.
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Drawdown Indicators
| HIIDX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.50% | -36.24% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -7.26% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -13.96% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -36.24% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -37.50% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -5.86% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -7.92% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.13% | -1.01% |
Volatility
HIIDX vs. FAOSX - Volatility Comparison
Harbor Diversified International All Cap Fund (HIIDX) has a higher volatility of 5.39% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that HIIDX'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.
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Volatility by Period
| HIIDX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 0.00% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 3.63% | +9.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 8.76% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 16.70% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 16.64% | -0.49% |
HIIDX vs. FAOSX - Expense Ratio Comparison
HIIDX has a 1.16% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
HIIDX vs. FAOSX - Dividend Comparison
HIIDX's dividend yield for the trailing twelve months is around 7.30%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HIIDX Harbor Diversified International All Cap Fund | 7.30% | 8.07% | 2.90% | 2.18% | 1.07% | 7.05% | 0.63% | 1.77% | 3.89% | 3.20% | 0.15% |
Frequently Asked Questions
HIIDX and FAOSX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIIDX has higher volatility (5.39%) compared to FAOSX (0.00%). In terms of maximum drawdown, HIIDX dropped -37.50% vs FAOSX's -36.24%.
HIIDX currently has the higher Sharpe Ratio (1.60 vs -0.05), 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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