HJIGX vs. FAERX

Last updated Aug 1, 2026

HJIGX (Hardman Johnston International Growth Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 5 years, HJIGX returned 6.42%/yr vs 2.30%/yr for FAERX. Their correlation of 0.82 means they have usually moved in the same direction. HJIGX charges 1.00%/yr vs 1.65%/yr for FAERX.

Performance

HJIGX vs. FAERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hardman Johnston International Growth Fund (HJIGX) and Fidelity Advisor Overseas Fund Class M (FAERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJIGX

• 1D: 1.83%
• 1M: -3.71%
• 6M: 4.01%
• YTD: 11.37%
• 1Y: 26.69%
• 3Y*: 18.07%
• 5Y*: 6.42%
• 10Y*: —
• ALL TIME*: 8.73%

FAERX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -0.42%
• 3Y*: 7.43%
• 5Y*: 2.30%
• 10Y*: 7.12%
• ALL TIME*: 5.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAERX Fidelity Advisor Overseas Fund Class M	$0.00	$0.00	$0.00
HJIGX Hardman Johnston International Growth Fund	$0.00	$0.00	$0.00

HJIGX vs. FAERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HJIGX Hardman Johnston International Growth Fund	11.37%	40.61%	12.28%	4.95%	-23.59%	2.17%	32.60%	23.67%	-14.10%
FAERX Fidelity Advisor Overseas Fund Class M	0.00%	14.70%	4.40%	19.78%	-24.77%	18.63%	14.43%	27.14%	-13.76%

Correlation

The correlation between HJIGX and FAERX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018	0.82

Over the past year, the correlation between HJIGX and FAERX has dropped to 0.37 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

HJIGX vs. FAERX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HJIGX

HJIGX Risk / Return Rank: 36
HJIGX Sharpe Ratio Rank: 34
HJIGX Sortino Ratio Rank: 35
HJIGX Omega Ratio Rank: 33
HJIGX Calmar Ratio Rank: 37
HJIGX Martin Ratio Rank: 39

FAERX

FAERX Risk / Return Rank: 2
FAERX Sharpe Ratio Rank: 2
FAERX Sortino Ratio Rank: 2
FAERX Omega Ratio Rank: 1
FAERX Calmar Ratio Rank: 2
FAERX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HJIGX vs. FAERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hardman Johnston International Growth Fund (HJIGX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.

	HJIGX	FAERX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	-0.33	+1.47
Sortino ratio: Return per unit of downside risk	1.72	-0.41	+2.13
Omega ratio: Gain probability vs. loss probability	1.21	0.93	+0.28
Calmar ratio: Return relative to maximum drawdown	1.64	-0.35	+1.99
Martin ratio: Return relative to average drawdown	6.08	-0.53	+6.61

HJIGX vs. FAERX - Sharpe Ratio Comparison

The current HJIGX Sharpe Ratio is 1.14, which is higher than the FAERX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of HJIGX and FAERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HJIGX vs. FAERX - Drawdown Comparison

The maximum HJIGX drawdown since its inception was -42.60%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for HJIGX and FAERX.

Drawdown Indicators

	HJIGX	FAERX	Difference
Max Drawdown Largest peak-to-trough decline	-42.60%	-60.14%	+17.54%
Max Drawdown (1Y) Largest decline over 1 year	-15.05%	-7.29%	-7.76%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-14.00%	-2.30%
Max Drawdown (5Y) Largest decline over 5 years	-42.60%	-36.62%	-5.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.62%	—
Current Drawdown Current decline from peak	-5.25%	-5.89%	+0.64%
Average Drawdown Average peak-to-trough decline	-12.68%	-14.34%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	4.51%	-0.45%

Volatility

HJIGX vs. FAERX - Volatility Comparison

Hardman Johnston International Growth Fund (HJIGX) has a higher volatility of 5.73% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that HJIGX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HJIGX	FAERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	0.00%	+5.73%
Volatility (6M) Calculated over the trailing 6-month period	18.83%	0.00%	+18.83%
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	7.69%	+14.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	16.66%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	16.28%	+4.90%

HJIGX vs. FAERX - Expense Ratio Comparison

HJIGX has a 1.00% expense ratio, which is lower than FAERX's 1.65% expense ratio.

Dividends

HJIGX vs. FAERX - Dividend Comparison

HJIGX's dividend yield for the trailing twelve months is around 2.71%, less than FAERX's 7.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAERX Fidelity Advisor Overseas Fund Class M	7.94%	7.94%	0.96%	0.51%	0.12%	2.07%	0.00%	1.15%	4.25%	3.35%	0.80%	0.09%
HJIGX Hardman Johnston International Growth Fund	2.71%	3.02%	0.24%	0.00%	0.00%	1.11%	0.00%	5.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJIGX and FAERX in my portfolio?

HJIGX and FAERX 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, HJIGX or FAERX?

HJIGX has higher volatility (5.73%) compared to FAERX (0.00%). In terms of maximum drawdown, HJIGX dropped -42.60% vs FAERX's -60.14%.

Which has better risk-adjusted returns?

HJIGX currently has the higher Sharpe Ratio (1.14 vs -0.33), 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.