IIGIX vs. FAOSX
IIGIX (Voya Multi-Manager International Equity Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, IIGIX returned 6.09%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.87 means they have usually moved in the same direction. IIGIX charges 0.95%/yr vs 1.02%/yr for FAOSX.
Performance
IIGIX vs. FAOSX - Performance Comparison
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Returns By Period
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%
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 |
IIGIX vs. FAOSX - 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% | 21.38% |
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 IIGIX and FAOSX 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 (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.87 |
Over the past year, the correlation between IIGIX and FAOSX has dropped to 0.35 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
IIGIX vs. FAOSX — Risk / Return Rank
IIGIX
FAOSX
IIGIX vs. FAOSX - 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 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.
| IIGIX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.93 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.32 | +2.62 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.48 | +8.91 |
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Drawdowns
IIGIX vs. FAOSX - Drawdown Comparison
The maximum IIGIX drawdown since its inception was -37.67%, roughly equal to the maximum FAOSX drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for IIGIX and FAOSX.
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Drawdown Indicators
| IIGIX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -36.24% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -7.26% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -13.96% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -35.88% | -36.24% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -5.86% | +5.40% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -7.90% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 4.48% | -1.63% |
Volatility
IIGIX vs. FAOSX - Volatility Comparison
Voya Multi-Manager International Equity Fund (IIGIX) has a higher volatility of 4.42% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that IIGIX'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
| IIGIX | FAOSX | 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% | 7.68% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.65% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 16.56% | +0.37% |
IIGIX vs. FAOSX - Expense Ratio Comparison
IIGIX has a 0.95% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
IIGIX vs. FAOSX - Dividend Comparison
IIGIX's dividend yield for the trailing twelve months is around 11.13%, more than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 FAOSX 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 FAOSX (0.00%). In terms of maximum drawdown, IIGIX dropped -37.67% vs FAOSX's -36.24%.
IIGIX currently has the higher Sharpe Ratio (1.66 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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