MPITX vs. FAOSX
MPITX (BNY Mellon International Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, MPITX returned 7.22%/yr vs 3.48%/yr for FAOSX. Their correlation of 0.86 suggests significant overlap in exposure. MPITX charges 1.03%/yr vs 1.02%/yr for FAOSX.
Performance
MPITX vs. FAOSX - Performance Comparison
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Returns By Period
MPITX
- 1D
- -1.87%
- 1M
- 0.32%
- YTD
- 9.13%
- 6M
- 9.13%
- 1Y
- 20.72%
- 3Y*
- 15.32%
- 5Y*
- 7.22%
- 10Y*
- 8.99%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.89%
- 3Y*
- 9.26%
- 5Y*
- 3.48%
- 10Y*
- —
MPITX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPITX BNY Mellon International Fund | 9.13% | 31.06% | 1.61% | 17.01% | -15.66% | 9.01% | 7.19% | 22.28% | -16.66% | 24.78% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 15.17% | 27.96% | -14.73% | 26.25% |
Correlation
The correlation between MPITX and FAOSX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.86 |
Over the past year, the correlation between MPITX and FAOSX has dropped to 0.46 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
MPITX vs. FAOSX — Risk / Return Rank
MPITX
FAOSX
MPITX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Fund (MPITX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). 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.
| MPITX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.09 | +2.07 |
| Martin ratioReturn relative to average drawdown | 6.37 | -0.14 | +6.51 |
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Drawdowns
MPITX vs. FAOSX - Drawdown Comparison
The maximum MPITX drawdown since its inception was -58.61%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for MPITX and FAOSX.
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Drawdown Indicators
| MPITX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -36.24% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -7.26% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -13.96% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.06% | -36.24% | +5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.52% | — | — |
Current DrawdownCurrent decline from peak | -3.82% | -5.86% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -7.92% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.15% | -0.62% |
Volatility
MPITX vs. FAOSX - Volatility Comparison
BNY Mellon International Fund (MPITX) has a higher volatility of 5.22% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that MPITX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPITX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 0.00% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 3.63% | +9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 8.75% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 16.71% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.64% | +0.07% |
MPITX vs. FAOSX - Expense Ratio Comparison
MPITX has a 1.03% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
MPITX vs. FAOSX - Dividend Comparison
MPITX's dividend yield for the trailing twelve months is around 2.21%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOSX Fidelity Advisor Overseas Fund Class Z | 8.67% | 8.67% | 1.80% | 1.12% | 0.85% | 2.07% | 0.00% | 1.70% | 5.30% | 3.93% | 0.00% | 0.00% |
MPITX BNY Mellon International Fund | 2.21% | 2.41% | 3.35% | 3.81% | 4.62% | 1.61% | 2.19% | 2.52% | 2.24% | 1.50% | 2.05% | 1.40% |
Frequently Asked Questions
MPITX and FAOSX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPITX has higher volatility (5.22%) compared to FAOSX (0.00%). In terms of maximum drawdown, MPITX dropped -58.61% vs FAOSX's -36.24%.
MPITX currently has the higher Sharpe Ratio (1.47 vs -0.07), 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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