MICYX vs. FAOCX
MICYX (Victory Trivalent International Fund-Core Equity) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, MICYX returned 11.35%/yr vs 6.48%/yr for FAOCX. Their correlation of 0.91 suggests significant overlap in exposure. MICYX charges 0.70%/yr vs 2.25%/yr for FAOCX.
Performance
MICYX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, MICYX has outperformed FAOCX with an annualized return of 11.35%, while FAOCX has yielded a comparatively lower 6.48% annualized return.
MICYX
- 1D
- 0.52%
- 1M
- 4.66%
- YTD
- 20.02%
- 6M
- 19.90%
- 1Y
- 40.48%
- 3Y*
- 24.86%
- 5Y*
- 12.25%
- 10Y*
- 11.35%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.01%
- 3Y*
- 6.99%
- 5Y*
- 2.79%
- 10Y*
- 6.48%
MICYX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MICYX Victory Trivalent International Fund-Core Equity | 20.02% | 37.10% | 8.45% | 19.43% | -17.33% | 10.27% | 5.92% | 22.38% | -15.96% | 27.08% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
Correlation
The correlation between MICYX and FAOCX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2007 | 0.91 |
Over the past year, the correlation between MICYX and FAOCX has dropped to 0.50 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
MICYX vs. FAOCX — Risk / Return Rank
MICYX
FAOCX
MICYX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Trivalent International Fund-Core Equity (MICYX) and Fidelity Advisor Overseas Fund Class C (FAOCX). 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.
| MICYX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.99 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.13 | +3.49 |
| Martin ratioReturn relative to average drawdown | 13.34 | -0.21 | +13.55 |
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Drawdowns
MICYX vs. FAOCX - Drawdown Comparison
The maximum MICYX drawdown since its inception was -64.61%, which is greater than FAOCX's maximum drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for MICYX and FAOCX.
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Drawdown Indicators
| MICYX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -60.45% | -4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.29% | -7.33% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -14.05% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.05% | -36.96% | +6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -37.68% | -36.96% | -0.72% |
Current DrawdownCurrent decline from peak | 0.00% | -5.90% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -15.61% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 4.17% | -1.08% |
Volatility
MICYX vs. FAOCX - Volatility Comparison
Victory Trivalent International Fund-Core Equity (MICYX) has a higher volatility of 6.86% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that MICYX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MICYX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 0.00% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 3.64% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 8.76% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 16.71% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.64% | +0.12% |
MICYX vs. FAOCX - Expense Ratio Comparison
MICYX has a 0.70% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
MICYX vs. FAOCX - Dividend Comparison
MICYX's dividend yield for the trailing twelve months is around 8.97%, more than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% | 0.00% |
MICYX Victory Trivalent International Fund-Core Equity | 8.97% | 10.77% | 3.57% | 3.75% | 2.63% | 3.67% | 1.45% | 1.14% | 4.38% | 6.90% | 2.04% | 1.93% |
Frequently Asked Questions
MICYX and FAOCX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MICYX has higher volatility (6.86%) compared to FAOCX (0.00%). In terms of maximum drawdown, MICYX dropped -64.61% vs FAOCX's -60.45%.
MICYX currently has the higher Sharpe Ratio (2.47 vs -0.11), 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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