MOSAX vs. FAOIX
MOSAX (MassMutual Overseas Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, MOSAX returned 8.81%/yr vs 7.63%/yr for FAOIX. Their correlation of 0.89 means they have usually moved in the same direction. MOSAX charges 1.34%/yr vs 1.12%/yr for FAOIX.
Performance
MOSAX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, MOSAX has outperformed FAOIX with an annualized return of 8.81%, while FAOIX has yielded a comparatively lower 7.63% annualized return.
MOSAX
- 1D
- 1.77%
- 1M
- 3.60%
- 6M
- 5.86%
- YTD
- 7.72%
- 1Y
- 17.42%
- 3Y*
- 10.64%
- 5Y*
- 6.73%
- 10Y*
- 8.81%
- ALL TIME*
- 5.52%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.86%
- 5Y*
- 2.74%
- 10Y*
- 7.63%
- 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 |
MOSAX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOSAX MassMutual Overseas Fund | 7.72% | 25.48% | 0.12% | 18.26% | -15.35% | 12.61% | 8.51% | 28.26% | -16.78% | 26.44% |
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% | 30.05% |
Correlation
The correlation between MOSAX and FAOIX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 2, 2001 | 0.89 |
Over the past year, the correlation between MOSAX and FAOIX has dropped to 0.47 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
MOSAX vs. FAOIX — Risk / Return Rank
MOSAX
FAOIX
MOSAX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MassMutual Overseas Fund (MOSAX) 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.
| MOSAX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.32 | +1.63 |
| Martin ratioReturn relative to average drawdown | 4.58 | -0.49 | +5.07 |
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Drawdowns
MOSAX vs. FAOIX - Drawdown Comparison
The maximum MOSAX drawdown since its inception was -58.43%, roughly equal to the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for MOSAX and FAOIX.
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Drawdown Indicators
| MOSAX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.43% | -59.86% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -7.28% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -13.98% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.69% | -36.33% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.75% | -36.33% | -0.42% |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -14.17% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 4.48% | -1.12% |
Volatility
MOSAX vs. FAOIX - Volatility Comparison
MassMutual Overseas Fund (MOSAX) has a higher volatility of 4.02% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that MOSAX'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.
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Volatility by Period
| MOSAX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 0.00% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 0.00% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 7.69% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 16.67% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.29% | +1.59% |
MOSAX vs. FAOIX - Expense Ratio Comparison
MOSAX has a 1.34% expense ratio, which is higher than FAOIX's 1.12% expense ratio.
Dividends
MOSAX vs. FAOIX - Dividend Comparison
MOSAX's dividend yield for the trailing twelve months is around 16.90%, more 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% |
MOSAX MassMutual Overseas Fund | 16.90% | 18.21% | 6.02% | 2.24% | 9.26% | 9.64% | 1.78% | 5.10% | 12.16% | 1.42% | 1.71% | 3.12% |
Frequently Asked Questions
MOSAX and FAOIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOSAX has higher volatility (4.02%) compared to FAOIX (0.00%). In terms of maximum drawdown, MOSAX dropped -58.43% vs FAOIX's -59.86%.
MOSAX currently has the higher Sharpe Ratio (1.10 vs -0.31), 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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