MXECX vs. FAERX
MXECX (Great-West Core Strategies: International Equity Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 5 years, MXECX returned 7.40%/yr vs 3.31%/yr for FAERX. Their correlation of 0.84 suggests significant overlap in exposure. MXECX charges 0.65%/yr vs 1.65%/yr for FAERX.
Performance
MXECX vs. FAERX - Performance Comparison
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Returns By Period
MXECX
- 1D
- 0.08%
- 1M
- 1.14%
- YTD
- 6.79%
- 6M
- 6.43%
- 1Y
- 19.16%
- 3Y*
- 15.44%
- 5Y*
- 7.40%
- 10Y*
- —
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.80%
- 3Y*
- 7.45%
- 5Y*
- 3.31%
- 10Y*
- 7.06%
MXECX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXECX Great-West Core Strategies: International Equity Fund | 6.79% | 29.17% | 3.12% | 17.53% | -14.33% | 9.43% | 8.85% | 23.05% | -14.54% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -14.24% |
Correlation
The correlation between MXECX and FAERX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018 | 0.84 |
Over the past year, the correlation between MXECX and FAERX has dropped to 0.49 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
MXECX vs. FAERX — Risk / Return Rank
MXECX
FAERX
MXECX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Core Strategies: International Equity Fund (MXECX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| MXECX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.10 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.72 | -0.16 | +6.88 |
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Drawdowns
MXECX vs. FAERX - Drawdown Comparison
The maximum MXECX drawdown since its inception was -33.69%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for MXECX and FAERX.
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Drawdown Indicators
| MXECX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -60.14% | +26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -7.29% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.91% | -14.00% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -30.49% | -36.62% | +6.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.62% | — |
Current DrawdownCurrent decline from peak | -0.48% | -5.89% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -14.36% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 4.16% | -1.24% |
Volatility
MXECX vs. FAERX - Volatility Comparison
Great-West Core Strategies: International Equity Fund (MXECX) has a higher volatility of 4.03% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that MXECX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXECX | FAERX | 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 | 11.70% | 3.62% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 8.78% | +5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.72% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 16.64% | +1.36% |
MXECX vs. FAERX - Expense Ratio Comparison
MXECX has a 0.65% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
MXECX vs. FAERX - Dividend Comparison
MXECX's dividend yield for the trailing twelve months is around 3.80%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
MXECX Great-West Core Strategies: International Equity Fund | 3.80% | 4.06% | 3.31% | 4.11% | 3.41% | 8.33% | 11.78% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MXECX and FAERX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXECX has higher volatility (4.03%) compared to FAERX (0.00%). In terms of maximum drawdown, MXECX dropped -33.69% vs FAERX's -60.14%.
MXECX currently has the higher Sharpe Ratio (1.37 vs -0.08), 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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