KGIIX vs. FAOAX

Last updated Jun 24, 2026

KGIIX (Kopernik International Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, KGIIX returned 9.34%/yr vs 7.35%/yr for FAOAX. At a 0.50 correlation, their price movements are largely independent. KGIIX charges 1.04%/yr vs 1.43%/yr for FAOAX.

Performance

KGIIX vs. FAOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kopernik International Fund (KGIIX) and Fidelity Advisor Overseas Fund Class A (FAOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, KGIIX has outperformed FAOAX with an annualized return of 9.34%, while FAOAX has yielded a comparatively lower 7.35% annualized return.

KGIIX

• 1D: -1.10%
• 1M: -4.28%
• YTD: 4.07%
• 6M: 3.46%
• 1Y: 25.88%
• 3Y*: 17.40%
• 5Y*: 8.08%
• 10Y*: 9.34%

FAOAX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -0.69%
• 3Y*: 7.64%
• 5Y*: 3.50%
• 10Y*: 7.35%

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

KGIIX vs. FAOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KGIIX Kopernik International Fund	4.07%	54.97%	-7.01%	13.86%	-14.05%	16.62%	18.94%	16.37%	-6.24%	10.50%
FAOAX Fidelity Advisor Overseas Fund Class A	0.00%	14.93%	4.63%	20.01%	-24.61%	18.90%	14.71%	27.39%	-15.10%	29.66%

Correlation

The correlation between KGIIX and FAOAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.50

Over the past year, the correlation between KGIIX and FAOAX has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

KGIIX vs. FAOAX — Risk / Return Rank

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

KGIIX

KGIIX Risk / Return Rank: 53
KGIIX Sharpe Ratio Rank: 57
KGIIX Sortino Ratio Rank: 48
KGIIX Omega Ratio Rank: 53
KGIIX Calmar Ratio Rank: 63
KGIIX Martin Ratio Rank: 42

FAOAX

FAOAX Risk / Return Rank: 2
FAOAX Sharpe Ratio Rank: 3
FAOAX Sortino Ratio Rank: 2
FAOAX Omega Ratio Rank: 2
FAOAX Calmar Ratio Rank: 2
FAOAX Martin Ratio Rank: 3

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.

KGIIX vs. FAOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kopernik International Fund (KGIIX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.

	KGIIX	FAOAX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	-0.07	+2.12
Sortino ratio: Return per unit of downside risk	2.68	-0.03	+2.71
Omega ratio: Gain probability vs. loss probability	1.37	1.00	+0.37
Calmar ratio: Return relative to maximum drawdown	2.92	-0.08	+3.00
Martin ratio: Return relative to average drawdown	8.47	-0.13	+8.60

KGIIX vs. FAOAX - Sharpe Ratio Comparison

The current KGIIX Sharpe Ratio is 2.05, which is higher than the FAOAX Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of KGIIX and FAOAX, 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

KGIIX vs. FAOAX - Drawdown Comparison

The maximum KGIIX drawdown since its inception was -27.81%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for KGIIX and FAOAX.

Drawdown Indicators

	KGIIX	FAOAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.81%	-60.03%	+32.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-7.29%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-13.99%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-27.81%	-36.50%	+8.69%
Max Drawdown (10Y) Largest decline over 10 years	-27.81%	-36.50%	+8.69%
Current Drawdown Current decline from peak	-9.27%	-5.87%	-3.40%
Average Drawdown Average peak-to-trough decline	-6.11%	-14.54%	+8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	4.15%	-0.96%

Volatility

KGIIX vs. FAOAX - Volatility Comparison

Kopernik International Fund (KGIIX) has a higher volatility of 3.77% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that KGIIX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KGIIX	FAOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	0.00%	+3.77%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	3.63%	+7.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	8.76%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	16.71%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	16.64%	-3.98%

KGIIX vs. FAOAX - Expense Ratio Comparison

KGIIX has a 1.04% expense ratio, which is lower than FAOAX's 1.43% expense ratio.

Dividends

KGIIX vs. FAOAX - Dividend Comparison

KGIIX's dividend yield for the trailing twelve months is around 13.71%, more than FAOAX's 8.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAOAX Fidelity Advisor Overseas Fund Class A	8.54%	8.54%	1.33%	0.74%	0.38%	2.12%	0.00%	1.37%	4.64%	3.64%	1.75%	0.38%
KGIIX Kopernik International Fund	13.71%	14.26%	0.48%	12.56%	2.46%	5.77%	2.89%	2.50%	1.19%	1.35%	0.33%	0.00%

Frequently Asked Questions

Can I hold both KGIIX and FAOAX in my portfolio?

KGIIX and FAOAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KGIIX or FAOAX?

KGIIX has higher volatility (3.77%) compared to FAOAX (0.00%). In terms of maximum drawdown, KGIIX dropped -27.81% vs FAOAX's -60.03%.

Which has better risk-adjusted returns?

KGIIX currently has the higher Sharpe Ratio (2.05 vs -0.07), 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.