LVAGX vs. FIQOX

Last updated Jun 20, 2026

LVAGX (LSV Global Value Fund) and FIQOX (Fidelity Advisor Worldwide Fund Class Z) are both Global Equities funds. Over the past 5 years, LVAGX returned 13.65%/yr vs 16.42%/yr for FIQOX. A 0.78 correlation means they provide meaningful diversification when combined. LVAGX charges 1.15%/yr vs 0.90%/yr for FIQOX.

Performance

LVAGX vs. FIQOX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with LVAGX having a 22.80% return and FIQOX slightly higher at 23.79%.

LVAGX

• 1D: 0.48%
• 1M: 2.33%
• YTD: 22.80%
• 6M: 22.90%
• 1Y: 43.61%
• 3Y*: 21.87%
• 5Y*: 13.65%
• 10Y*: 11.72%

FIQOX

• 1D: 1.96%
• 1M: 5.74%
• YTD: 23.79%
• 6M: 24.13%
• 1Y: 43.32%
• 3Y*: 31.01%
• 5Y*: 16.42%
• 10Y*: —

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

LVAGX vs. FIQOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LVAGX LSV Global Value Fund	22.80%	26.84%	6.86%	18.76%	-8.44%	21.07%	0.15%	21.99%	-9.88%
FIQOX Fidelity Advisor Worldwide Fund Class Z	23.79%	16.27%	46.05%	25.10%	-25.64%	18.58%	31.08%	29.13%	-10.40%

Correlation

The correlation between LVAGX and FIQOX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.78

The correlation between LVAGX and FIQOX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

LVAGX vs. FIQOX — Risk / Return Rank

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

LVAGX

LVAGX Risk / Return Rank: 95
LVAGX Sharpe Ratio Rank: 97
LVAGX Sortino Ratio Rank: 94
LVAGX Omega Ratio Rank: 89
LVAGX Calmar Ratio Rank: 97
LVAGX Martin Ratio Rank: 97

FIQOX

FIQOX Risk / Return Rank: 75
FIQOX Sharpe Ratio Rank: 75
FIQOX Sortino Ratio Rank: 64
FIQOX Omega Ratio Rank: 67
FIQOX Calmar Ratio Rank: 83
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.

LVAGX vs. FIQOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV Global Value Fund (LVAGX) 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.

	LVAGX	FIQOX	Difference
Sharpe ratio: Return per unit of total volatility	3.30	2.28	+1.02
Sortino ratio: Return per unit of downside risk	4.47	3.00	+1.47
Omega ratio: Gain probability vs. loss probability	1.59	1.41	+0.19
Calmar ratio: Return relative to maximum drawdown	6.21	3.63	+2.58
Martin ratio: Return relative to average drawdown	22.79	15.38	+7.41

LVAGX vs. FIQOX - Sharpe Ratio Comparison

The current LVAGX Sharpe Ratio is 3.30, which is higher than the FIQOX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of LVAGX 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

LVAGX vs. FIQOX - Drawdown Comparison

The maximum LVAGX drawdown since its inception was -42.32%, which is greater than FIQOX's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for LVAGX and FIQOX.

Drawdown Indicators

	LVAGX	FIQOX	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-33.64%	-8.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-11.74%	+4.71%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-22.59%	+6.46%
Max Drawdown (5Y) Largest decline over 5 years	-23.77%	-33.64%	+9.87%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	—	—
Current Drawdown Current decline from peak	-1.95%	0.00%	-1.95%
Average Drawdown Average peak-to-trough decline	-7.00%	-7.82%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.76%	-0.85%

Volatility

LVAGX vs. FIQOX - Volatility Comparison

The current volatility for LSV Global Value Fund (LVAGX) is 5.18%, while Fidelity Advisor Worldwide Fund Class Z (FIQOX) has a volatility of 7.84%. This indicates that LVAGX experiences smaller price fluctuations and is considered to be less risky than FIQOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVAGX	FIQOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	7.84%	-2.66%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	15.25%	-4.80%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	18.66%	-5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	20.26%	-4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	21.27%	-4.30%

LVAGX vs. FIQOX - Expense Ratio Comparison

LVAGX has a 1.15% expense ratio, which is higher than FIQOX's 0.90% expense ratio.

Dividends

LVAGX vs. FIQOX - Dividend Comparison

LVAGX's dividend yield for the trailing twelve months is around 5.20%, less than FIQOX's 9.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQOX Fidelity Advisor Worldwide Fund Class Z	9.37%	11.60%	26.02%	1.10%	6.51%	12.99%	8.23%	5.09%	9.32%	0.00%	0.00%	0.00%
LVAGX LSV Global Value Fund	5.20%	6.38%	2.44%	2.69%	1.52%	2.04%	1.66%	1.99%	4.71%	1.86%	2.54%	2.35%

Frequently Asked Questions

Can I hold both LVAGX and FIQOX in my portfolio?

LVAGX and FIQOX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVAGX or FIQOX?

FIQOX has higher volatility (7.84%) compared to LVAGX (5.18%). In terms of maximum drawdown, LVAGX dropped -42.32% vs FIQOX's -33.64%.

Which has better risk-adjusted returns?

LVAGX currently has the higher Sharpe Ratio (3.30 vs 2.28), 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.