HWNIX vs. FAOSX
HWNIX (Hotchkis & Wiley International Value Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, HWNIX returned 16.50%/yr vs 2.86%/yr for FAOSX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HWNIX charges 0.95%/yr vs 1.02%/yr for FAOSX.
Performance
HWNIX vs. FAOSX - Performance Comparison
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Returns By Period
HWNIX
- 1D
- -0.20%
- 1M
- 3.14%
- 6M
- 11.14%
- YTD
- 17.75%
- 1Y
- 34.43%
- 3Y*
- 22.70%
- 5Y*
- 16.50%
- 10Y*
- 11.76%
- ALL TIME*
- 11.10%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HWNIX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 17.75% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 16.18% |
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 HWNIX and FAOSX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.77 |
Over the past year, the correlation between HWNIX and FAOSX has dropped to 0.42 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
HWNIX vs. FAOSX — Risk / Return Rank
HWNIX
FAOSX
HWNIX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) 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.
| HWNIX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.93 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | -0.32 | +3.22 |
| Martin ratioReturn relative to average drawdown | 11.35 | -0.48 | +11.83 |
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Drawdowns
HWNIX vs. FAOSX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for HWNIX and FAOSX.
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Drawdown Indicators
| HWNIX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -36.24% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -7.26% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -13.96% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -36.24% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -5.86% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -7.90% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 4.48% | -1.51% |
Volatility
HWNIX vs. FAOSX - Volatility Comparison
Hotchkis & Wiley International Value Fund (HWNIX) has a higher volatility of 3.82% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that HWNIX'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
| HWNIX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 0.00% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 0.00% | +12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 7.68% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 16.65% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 16.56% | +3.07% |
HWNIX vs. FAOSX - Expense Ratio Comparison
HWNIX has a 0.95% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
HWNIX vs. FAOSX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 23.71%, more 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% |
HWNIX Hotchkis & Wiley International Value Fund | 23.71% | 16.90% | 13.76% | 8.40% | 3.20% | 1.46% | 1.21% | 3.77% | 7.96% | 5.89% | 3.90% |
Frequently Asked Questions
HWNIX and FAOSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWNIX has higher volatility (3.82%) compared to FAOSX (0.00%). In terms of maximum drawdown, HWNIX dropped -48.97% vs FAOSX's -36.24%.
HWNIX currently has the higher Sharpe Ratio (2.29 vs -0.30), 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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