IIGIX vs. FAOCX
IIGIX (Voya Multi-Manager International Equity Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, IIGIX returned 7.86%/yr vs 6.54%/yr for FAOCX. Their correlation of 0.91 means they have usually moved in the same direction. IIGIX charges 0.95%/yr vs 2.25%/yr for FAOCX.
Performance
IIGIX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, IIGIX has outperformed FAOCX with an annualized return of 7.86%, while FAOCX has yielded a comparatively lower 6.54% annualized return.
IIGIX
- 1D
- 2.28%
- 1M
- 1.88%
- 6M
- 7.43%
- YTD
- 12.73%
- 1Y
- 23.66%
- 3Y*
- 14.75%
- 5Y*
- 6.09%
- 10Y*
- 7.86%
- ALL TIME*
- 6.22%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.57%
- 3Y*
- 7.00%
- 5Y*
- 1.81%
- 10Y*
- 6.54%
- ALL TIME*
- 4.61%
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 |
IIGIX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIGIX Voya Multi-Manager International Equity Fund | 12.73% | 27.55% | 4.31% | 14.65% | -21.82% | 6.91% | 15.46% | 23.66% | -15.79% | 25.24% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
Correlation
The correlation between IIGIX and FAOCX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2011 | 0.91 |
Over the past year, the correlation between IIGIX and FAOCX has dropped to 0.35 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
IIGIX vs. FAOCX — Risk / Return Rank
IIGIX
FAOCX
IIGIX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager International Equity Fund (IIGIX) and Fidelity Advisor Overseas Fund Class C (FAOCX). 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.
| IIGIX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.37 | +2.67 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.56 | +8.99 |
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Drawdowns
IIGIX vs. FAOCX - Drawdown Comparison
The maximum IIGIX drawdown since its inception was -37.67%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for IIGIX and FAOCX.
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Drawdown Indicators
| IIGIX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -60.45% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -7.33% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -14.05% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.88% | -36.96% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | -36.96% | -0.71% |
Current DrawdownCurrent decline from peak | -0.46% | -5.90% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -15.58% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 4.52% | -1.67% |
Volatility
IIGIX vs. FAOCX - Volatility Comparison
Voya Multi-Manager International Equity Fund (IIGIX) has a higher volatility of 4.42% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that IIGIX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIGIX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.00% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 0.00% | +12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 7.67% | +7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.66% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 16.28% | +0.65% |
IIGIX vs. FAOCX - Expense Ratio Comparison
IIGIX has a 0.95% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
IIGIX vs. FAOCX - Dividend Comparison
IIGIX's dividend yield for the trailing twelve months is around 11.13%, more than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% | 0.00% |
IIGIX Voya Multi-Manager International Equity Fund | 11.13% | 12.54% | 1.82% | 1.78% | 1.21% | 22.96% | 4.10% | 1.95% | 5.88% | 2.26% | 1.84% | 2.30% |
Frequently Asked Questions
IIGIX and FAOCX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIGIX has higher volatility (4.42%) compared to FAOCX (0.00%). In terms of maximum drawdown, IIGIX dropped -37.67% vs FAOCX's -60.45%.
IIGIX currently has the higher Sharpe Ratio (1.66 vs -0.36), 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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