PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MKVIX vs. FAOCX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MKVIX vs. FAOCX

Last updated Jun 25, 2026

MKVIX (MFS International Large Cap Value Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 5 years, MKVIX returned 12.22%/yr vs 2.39%/yr for FAOCX. Their correlation of 0.84 suggests significant overlap in exposure. MKVIX charges 0.71%/yr vs 2.25%/yr for FAOCX.

Performance

MKVIX vs. FAOCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS International Large Cap Value Fund (MKVIX) and Fidelity Advisor Overseas Fund Class C (FAOCX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

MKVIX

1D
-1.18%
1M
-0.16%
YTD
9.36%
6M
9.17%
1Y
26.29%
3Y*
20.46%
5Y*
12.22%
10Y*
—

FAOCX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
-2.34%
3Y*
8.24%
5Y*
2.39%
10Y*
7.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MKVIX vs. FAOCX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
MKVIX
MFS International Large Cap Value Fund		9.36%40.03%6.63%16.13%-8.82%14.82%20.04%
FAOCX
Fidelity Advisor Overseas Fund Class C		0.00%14.19%3.86%19.03%-25.22%17.97%20.60%

Correlation

The correlation between MKVIX and FAOCX is 0.51, 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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2020

0.84

Over the past year, the correlation between MKVIX and FAOCX has dropped to 0.51 - well below their long-term average of 0.84, 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.

MFS International Large Cap Value Fund

Fidelity Advisor Overseas Fund Class C

Often compared with MKVIX:
MKVIX vs. QQQMMKVIX vs. IDEQMKVIX vs. GSIMXMKVIX vs. BKIEMKVIX vs. BBINMKVIX vs. FENIMKVIX vs. HFXI
Often compared with FAOCX:
FAOCX vs. CIOVXFAOCX vs. SWISXFAOCX vs. FIVQXFAOCX vs. HILAXFAOCX vs. MPITXFAOCX vs. RERGXFAOCX vs. STEZX

Return for Risk

MKVIX vs. FAOCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MKVIX
MKVIX Risk / Return Rank: 6767
Overall Rank
MKVIX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
MKVIX Sortino Ratio Rank: 6868
Sortino Ratio Rank
MKVIX Omega Ratio Rank: 6666
Omega Ratio Rank
MKVIX Calmar Ratio Rank: 6767
Calmar Ratio Rank
MKVIX Martin Ratio Rank: 6262
Martin Ratio Rank
FAOCX
FAOCX Risk / Return Rank: 22
Overall Rank
FAOCX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FAOCX Sortino Ratio Rank: 22
Sortino Ratio Rank
FAOCX Omega Ratio Rank: 22
Omega Ratio Rank
FAOCX Calmar Ratio Rank: 22
Calmar Ratio Rank
FAOCX Martin Ratio Rank: 22
Martin Ratio Rank
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.

MKVIX vs. FAOCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS International Large Cap Value Fund (MKVIX) 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.

MKVIXFAOCXDifference
Sharpe ratioReturn per unit of total volatility
2.13
-0.13

+2.26

Sortino ratioReturn per unit of downside risk
2.96
-0.13

+3.09

Omega ratioGain probability vs. loss probability

1.39

0.98

+0.41

Calmar ratioReturn relative to maximum drawdown

2.82

-0.16

+2.98

Martin ratioReturn relative to average drawdown

10.80

-0.26

+11.06

MKVIX vs. FAOCX - Sharpe Ratio Comparison

The current MKVIX Sharpe Ratio is 2.13, which is higher than the FAOCX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of MKVIX and FAOCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

MKVIX vs. FAOCX - Drawdown Comparison

The maximum MKVIX drawdown since its inception was -26.63%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for MKVIX and FAOCX.

Loading charts...

Drawdown Indicators

MKVIXFAOCXDifference

Max Drawdown

Largest peak-to-trough decline

-26.63%

-60.45%

+33.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.91%

-7.33%

-2.58%

Max Drawdown (3Y)

Largest decline over 3 years

-13.46%

-14.05%

+0.59%

Max Drawdown (5Y)

Largest decline over 5 years

-26.63%

-36.96%

+10.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.96%

—

Current Drawdown

Current decline from peak

-2.07%

-5.90%

+3.83%

Average Drawdown

Average peak-to-trough decline

-4.25%

-15.61%

+11.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

4.19%

-1.61%

Volatility

MKVIX vs. FAOCX - Volatility Comparison

MFS International Large Cap Value Fund (MKVIX) has a higher volatility of 4.05% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that MKVIX'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.

Loading charts...

Volatility by Period

MKVIXFAOCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

0.00%

+4.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

3.64%

+7.04%

Volatility (1Y)

Calculated over the trailing 1-year period

13.11%

8.75%

+4.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.44%

16.71%

-1.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.42%

16.37%

-0.95%

MKVIX vs. FAOCX - Expense Ratio Comparison

MKVIX has a 0.71% expense ratio, which is lower than FAOCX's 2.25% expense ratio.

Dividends

MKVIX vs. FAOCX - Dividend Comparison

MKVIX's dividend yield for the trailing twelve months is around 7.70%, less than FAOCX's 8.26% yield.

PositionTTM2025202420232022202120202019201820172016
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%
MKVIX
MFS International Large Cap Value Fund		7.70%8.42%7.25%4.19%2.72%3.90%0.49%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MKVIX and FAOCX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MKVIX has higher volatility (4.05%) compared to FAOCX (0.00%). In terms of maximum drawdown, MKVIX dropped -26.63% vs FAOCX's -60.45%.

MKVIX currently has the higher Sharpe Ratio (2.13 vs -0.13), 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.

Portfolio Optimizer

Find the right allocation for MKVIX and FAOCX

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