HJIGX vs. FAOSX

Last updated Jun 6, 2026

HJIGX (Hardman Johnston International Growth Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, HJIGX returned 7.60%/yr vs 3.61%/yr for FAOSX. Their correlation of 0.83 suggests significant overlap in exposure. HJIGX charges 1.00%/yr vs 1.02%/yr for FAOSX.

Performance

HJIGX vs. FAOSX - 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 Z (FAOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HJIGX

• 1D: 1.05%
• 1M: 2.96%
• YTD: 15.91%
• 6M: 17.35%
• 1Y: 32.82%
• 3Y*: 22.20%
• 5Y*: 7.60%
• 10Y*: —

FAOSX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -2.59%
• 3Y*: 9.00%
• 5Y*: 3.61%
• 10Y*: —

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

HJIGX vs. FAOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HJIGX Hardman Johnston International Growth Fund	15.91%	40.61%	12.28%	4.95%	-23.59%	2.17%	32.60%	23.67%	-14.10%
FAOSX Fidelity Advisor Overseas Fund Class Z	0.00%	15.36%	5.06%	20.52%	-24.31%	19.42%	15.17%	27.96%	-14.63%

Correlation

The correlation between HJIGX and FAOSX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.83

Over the past year, the correlation between HJIGX and FAOSX has dropped to 0.49 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

HJIGX vs. FAOSX — Risk / Return Rank

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

HJIGX

HJIGX Risk / Return Rank: 38
HJIGX Sharpe Ratio Rank: 36
HJIGX Sortino Ratio Rank: 35
HJIGX Omega Ratio Rank: 34
HJIGX Calmar Ratio Rank: 38
HJIGX Martin Ratio Rank: 44

FAOSX

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

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.

HJIGX vs. FAOSX - 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 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.

	HJIGX	FAOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	-0.27	+1.94
Sortino ratio: Return per unit of downside risk	2.41	-0.31	+2.72
Omega ratio: Gain probability vs. loss probability	1.30	0.95	+0.34
Calmar ratio: Return relative to maximum drawdown	2.26	-0.34	+2.59
Martin ratio: Return relative to average drawdown	8.96	-0.57	+9.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HJIGX vs. FAOSX - Sharpe Ratio Comparison

The current HJIGX Sharpe Ratio is 1.68, which is higher than the FAOSX Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of HJIGX and FAOSX, 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

	HJIGX	FAOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	-0.27	+1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.22	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.50	-0.05

Drawdowns

HJIGX vs. FAOSX - Drawdown Comparison

The maximum HJIGX drawdown since its inception was -42.60%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for HJIGX and FAOSX.

Drawdown Indicators

	HJIGX	FAOSX	Difference
Max Drawdown Largest peak-to-trough decline	-42.60%	-36.24%	-6.36%
Max Drawdown (1Y) Largest decline over 1 year	-15.05%	-7.26%	-7.79%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-13.96%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-42.60%	-36.24%	-6.36%
Current Drawdown Current decline from peak	-0.16%	-5.86%	+5.70%
Average Drawdown Average peak-to-trough decline	-12.85%	-7.93%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	4.00%	-0.22%

Volatility

HJIGX vs. FAOSX - Volatility Comparison

Hardman Johnston International Growth Fund (HJIGX) has a higher volatility of 7.21% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that HJIGX'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.

Volatility by Period

	HJIGX	FAOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	0.00%	+7.21%
Volatility (6M) Calculated over the trailing 6-month period	17.52%	3.97%	+13.55%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	9.12%	+11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	16.71%	+4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	16.67%	+4.45%

HJIGX vs. FAOSX - Expense Ratio Comparison

HJIGX has a 1.00% expense ratio, which is lower than FAOSX's 1.02% expense ratio.

Dividends

HJIGX vs. FAOSX - Dividend Comparison

HJIGX's dividend yield for the trailing twelve months is around 2.61%, less than FAOSX's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
HJIGX Hardman Johnston International Growth Fund	2.61%	3.02%	0.24%	0.00%	0.00%	1.11%	0.00%	5.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HJIGX and FAOSX in my portfolio?

HJIGX and FAOSX have a correlation of 0.49, 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 FAOSX?

HJIGX has higher volatility (7.21%) compared to FAOSX (0.00%). In terms of maximum drawdown, HJIGX dropped -42.60% vs FAOSX's -36.24%.

Which has better risk-adjusted returns?

HJIGX currently has the higher Sharpe Ratio (1.68 vs -0.27), 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.