MDIZX vs. FAOIX
MDIZX (MFS International Diversification Fund R6) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 5 years, MDIZX returned 7.61%/yr vs 2.49%/yr for FAOIX. Their correlation of 0.89 means they have usually moved in the same direction. MDIZX charges 0.73%/yr vs 1.12%/yr for FAOIX.
Performance
MDIZX vs. FAOIX - Performance Comparison
Loading charts...
Returns By Period
MDIZX
- 1D
- 0.39%
- 1M
- 2.14%
- 6M
- 5.73%
- YTD
- 11.66%
- 1Y
- 21.72%
- 3Y*
- 16.36%
- 5Y*
- 7.61%
- 10Y*
- —
- ALL TIME*
- 8.78%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.79%
- 3Y*
- 8.91%
- 5Y*
- 2.49%
- 10Y*
- 7.64%
- ALL TIME*
- 5.75%
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 |
MDIZX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDIZX MFS International Diversification Fund R6 | 11.66% | 27.99% | 6.52% | 14.48% | -17.04% | 7.79% | 15.45% | 26.09% | -10.93% | 3.71% |
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% | 2.39% |
Correlation
The correlation between MDIZX and FAOIX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.89 |
Over the past year, the correlation between MDIZX and FAOIX has dropped to 0.43 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDIZX vs. FAOIX — Risk / Return Rank
MDIZX
FAOIX
MDIZX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Diversification Fund R6 (MDIZX) 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.
| MDIZX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.00 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.04 | +2.11 |
| Martin ratioReturn relative to average drawdown | 7.72 | -0.06 | +7.78 |
Loading charts...
Drawdowns
MDIZX vs. FAOIX - Drawdown Comparison
The maximum MDIZX drawdown since its inception was -30.09%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for MDIZX and FAOIX.
Loading charts...
Drawdown Indicators
| MDIZX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -59.86% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -7.28% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.59% | -13.98% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -36.33% | +6.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.33% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -14.16% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 4.51% | -1.48% |
Volatility
MDIZX vs. FAOIX - Volatility Comparison
MFS International Diversification Fund R6 (MDIZX) has a higher volatility of 4.03% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that MDIZX'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.
Loading charts...
Volatility by Period
| MDIZX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 0.00% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 0.00% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 7.54% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 16.67% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 16.29% | -1.08% |
MDIZX vs. FAOIX - Expense Ratio Comparison
MDIZX has a 0.73% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
MDIZX vs. FAOIX - Dividend Comparison
MDIZX's dividend yield for the trailing twelve months is around 4.71%, 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% |
MDIZX MFS International Diversification Fund R6 | 4.71% | 5.26% | 3.61% | 4.24% | 2.76% | 2.79% | 1.72% | 2.57% | 3.23% | 1.66% | 0.00% | 0.00% |
Frequently Asked Questions
MDIZX 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.
MDIZX has higher volatility (4.03%) compared to FAOIX (0.00%). In terms of maximum drawdown, MDIZX dropped -30.09% vs FAOIX's -59.86%.
MDIZX currently has the higher Sharpe Ratio (1.74 vs -0.04), 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.
Find the right allocation for MDIZX and FAOIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer