IIIIX vs. FAOIX
IIIIX (Voya International Index Portfolio) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, IIIIX returned 9.17%/yr vs 7.58%/yr for FAOIX. Their correlation of 0.92 suggests significant overlap in exposure. IIIIX charges 0.45%/yr vs 1.12%/yr for FAOIX.
Performance
IIIIX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, IIIIX has outperformed FAOIX with an annualized return of 9.17%, while FAOIX has yielded a comparatively lower 7.58% annualized return.
IIIIX
- 1D
- 0.81%
- 1M
- 1.97%
- YTD
- 10.48%
- 6M
- 10.87%
- 1Y
- 23.54%
- 3Y*
- 15.69%
- 5Y*
- 8.89%
- 10Y*
- 9.17%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.28%
- 3Y*
- 7.90%
- 5Y*
- 3.78%
- 10Y*
- 7.58%
IIIIX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIIIX Voya International Index Portfolio | 10.48% | 30.88% | 3.03% | 17.70% | -14.60% | 10.83% | 7.87% | 21.37% | -13.73% | 24.91% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between IIIIX and FAOIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.92 |
Over the past year, the correlation between IIIIX and FAOIX has dropped to 0.43 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
IIIIX vs. FAOIX — Risk / Return Rank
IIIIX
FAOIX
IIIIX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya International Index Portfolio (IIIIX) and Fidelity Advisor Overseas Fund Class I (FAOIX). 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.
| IIIIX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.06 | +2.34 |
| Martin ratioReturn relative to average drawdown | 8.14 | -0.10 | +8.24 |
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Drawdowns
IIIIX vs. FAOIX - Drawdown Comparison
The maximum IIIIX drawdown since its inception was -58.10%, roughly equal to the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for IIIIX and FAOIX.
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Drawdown Indicators
| IIIIX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -59.86% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -7.28% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -13.98% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.79% | -36.33% | +6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | -36.33% | +1.99% |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -14.19% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 4.13% | -1.04% |
Volatility
IIIIX vs. FAOIX - Volatility Comparison
Voya International Index Portfolio (IIIIX) has a higher volatility of 5.08% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that IIIIX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIIIX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 0.00% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.13% | 3.63% | +10.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 8.78% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.72% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 16.65% | +0.45% |
IIIIX vs. FAOIX - Expense Ratio Comparison
IIIIX has a 0.45% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
IIIIX vs. FAOIX - Dividend Comparison
IIIIX's dividend yield for the trailing twelve months is around 4.15%, less than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
IIIIX Voya International Index Portfolio | 4.15% | 2.22% | 2.94% | 4.82% | 3.64% | 2.02% | 2.43% | 2.90% | 3.21% | 2.21% | 3.12% | 3.29% |
Frequently Asked Questions
IIIIX and FAOIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIIIX has higher volatility (5.08%) compared to FAOIX (0.00%). In terms of maximum drawdown, IIIIX dropped -58.10% vs FAOIX's -59.86%.
IIIIX currently has the higher Sharpe Ratio (1.50 vs -0.05), 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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