IGMIX vs. FIQOX

Last updated Jun 24, 2026

IGMIX (VY Invesco Oppenheimer Global Portfolio) and FIQOX (Fidelity Advisor Worldwide Fund Class Z) are both Global Equities funds. Over the past 5 years, IGMIX returned 6.72%/yr vs 16.04%/yr for FIQOX. Their correlation of 0.90 suggests significant overlap in exposure. IGMIX charges 0.80%/yr vs 0.90%/yr for FIQOX.

Performance

IGMIX vs. FIQOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Oppenheimer Global Portfolio (IGMIX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGMIX achieves a 10.46% return, which is significantly lower than FIQOX's 24.23% return.

IGMIX

• 1D: 0.30%
• 1M: 2.55%
• YTD: 10.46%
• 6M: 8.65%
• 1Y: 29.35%
• 3Y*: 17.02%
• 5Y*: 6.72%
• 10Y*: 13.11%

FIQOX

• 1D: 0.35%
• 1M: 6.11%
• YTD: 24.23%
• 6M: 23.22%
• 1Y: 42.77%
• 3Y*: 31.96%
• 5Y*: 16.04%
• 10Y*: —

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

IGMIX vs. FIQOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IGMIX VY Invesco Oppenheimer Global Portfolio	10.46%	24.34%	6.81%	32.60%	-31.74%	15.39%	27.76%	31.41%	-11.10%
FIQOX Fidelity Advisor Worldwide Fund Class Z	24.23%	16.27%	46.05%	25.10%	-25.64%	18.58%	31.08%	29.13%	-10.40%

Correlation

The correlation between IGMIX and FIQOX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.90

The correlation between IGMIX and FIQOX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

IGMIX vs. FIQOX — Risk / Return Rank

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

IGMIX

IGMIX Risk / Return Rank: 50
IGMIX Sharpe Ratio Rank: 45
IGMIX Sortino Ratio Rank: 40
IGMIX Omega Ratio Rank: 40
IGMIX Calmar Ratio Rank: 64
IGMIX Martin Ratio Rank: 60

FIQOX

FIQOX Risk / Return Rank: 77
FIQOX Sharpe Ratio Rank: 77
FIQOX Sortino Ratio Rank: 66
FIQOX Omega Ratio Rank: 69
FIQOX Calmar Ratio Rank: 84
FIQOX Martin Ratio Rank: 88

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.

IGMIX vs. FIQOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Oppenheimer Global Portfolio (IGMIX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). 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.

	IGMIX	FIQOX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.36	-0.54
Sortino ratio: Return per unit of downside risk	2.46	3.08	-0.62
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.93	3.75	-0.82
Martin ratio: Return relative to average drawdown	11.19	15.90	-4.71

IGMIX vs. FIQOX - Sharpe Ratio Comparison

The current IGMIX Sharpe Ratio is 1.83, which is comparable to the FIQOX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of IGMIX and FIQOX, 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

IGMIX vs. FIQOX - Drawdown Comparison

The maximum IGMIX drawdown since its inception was -54.68%, which is greater than FIQOX's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for IGMIX and FIQOX.

Drawdown Indicators

	IGMIX	FIQOX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-33.64%	-21.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.74%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-26.93%	-22.59%	-4.34%
Max Drawdown (5Y) Largest decline over 5 years	-41.51%	-33.64%	-7.87%
Max Drawdown (10Y) Largest decline over 10 years	-41.51%	—	—
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-13.87%	-7.81%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.76%	+0.07%

Volatility

IGMIX vs. FIQOX - Volatility Comparison

VY Invesco Oppenheimer Global Portfolio (IGMIX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX) have volatilities of 7.40% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGMIX	FIQOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	7.74%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	14.79%	15.12%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.20%	18.68%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.32%	20.26%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	21.26%	+0.66%

IGMIX vs. FIQOX - Expense Ratio Comparison

IGMIX has a 0.80% expense ratio, which is lower than FIQOX's 0.90% expense ratio.

Dividends

IGMIX vs. FIQOX - Dividend Comparison

IGMIX's dividend yield for the trailing twelve months is around 23.79%, more than FIQOX's 9.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQOX Fidelity Advisor Worldwide Fund Class Z	9.34%	11.60%	26.02%	1.10%	6.51%	12.99%	8.23%	5.09%	9.32%	0.00%	0.00%	0.00%
IGMIX VY Invesco Oppenheimer Global Portfolio	23.79%	7.32%	101.91%	11.19%	19.30%	4.38%	3.99%	18.95%	10.27%	1.11%	8.51%	9.89%

Frequently Asked Questions

Can I hold both IGMIX and FIQOX in my portfolio?

IGMIX and FIQOX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGMIX or FIQOX?

FIQOX has higher volatility (7.74%) compared to IGMIX (7.40%). In terms of maximum drawdown, IGMIX dropped -54.68% vs FIQOX's -33.64%.

Which has better risk-adjusted returns?

FIQOX currently has the higher Sharpe Ratio (2.36 vs 1.83), 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.