MXIGX vs. FAOIX
MXIGX (Great-West International Growth Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, MXIGX returned 6.53%/yr vs 7.63%/yr for FAOIX. Their correlation of 0.89 means they have usually moved in the same direction. MXIGX charges 1.20%/yr vs 1.12%/yr for FAOIX.
Performance
MXIGX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, MXIGX has underperformed FAOIX with an annualized return of 6.53%, while FAOIX has yielded a comparatively higher 7.63% annualized return.
MXIGX
- 1D
- 2.14%
- 1M
- 0.21%
- 6M
- 1.92%
- YTD
- 4.53%
- 1Y
- 8.35%
- 3Y*
- 6.92%
- 5Y*
- -0.59%
- 10Y*
- 6.53%
- ALL TIME*
- 2.97%
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 |
MXIGX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIGX Great-West International Growth Fund | 4.53% | 11.53% | 4.04% | 16.54% | -30.35% | 5.59% | 28.93% | 34.07% | -16.91% | 26.64% |
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 MXIGX and FAOIX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 27, 2003 | 0.89 |
Over the past year, the correlation between MXIGX and FAOIX has dropped to 0.42 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
MXIGX vs. FAOIX — Risk / Return Rank
MXIGX
FAOIX
MXIGX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West International Growth Fund (MXIGX) 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.
| MXIGX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.93 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.32 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.84 | -0.49 | +2.33 |
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Drawdowns
MXIGX vs. FAOIX - Drawdown Comparison
The maximum MXIGX drawdown since its inception was -66.36%, which is greater than FAOIX's maximum drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for MXIGX and FAOIX.
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Drawdown Indicators
| MXIGX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.36% | -59.86% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -7.28% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.25% | -13.98% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -36.33% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -36.33% | -7.37% |
Current DrawdownCurrent decline from peak | -7.98% | -5.85% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -24.24% | -14.17% | -10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.48% | -0.50% |
Volatility
MXIGX vs. FAOIX - Volatility Comparison
Great-West International Growth Fund (MXIGX) has a higher volatility of 4.04% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that MXIGX'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
| MXIGX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 0.00% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 0.00% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 7.69% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 16.67% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 16.29% | +3.06% |
MXIGX vs. FAOIX - Expense Ratio Comparison
MXIGX has a 1.20% expense ratio, which is higher than FAOIX's 1.12% expense ratio.
Dividends
MXIGX vs. FAOIX - Dividend Comparison
MXIGX's dividend yield for the trailing twelve months is around 4.90%, less 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% |
MXIGX Great-West International Growth Fund | 4.90% | 5.13% | 2.80% | 0.00% | 1.29% | 7.13% | 0.88% | 0.20% | 13.16% | 3.77% | 0.00% | 0.00% |
Frequently Asked Questions
MXIGX and FAOIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXIGX has higher volatility (4.04%) compared to FAOIX (0.00%). In terms of maximum drawdown, MXIGX dropped -66.36% vs FAOIX's -59.86%.
MXIGX currently has the higher Sharpe Ratio (0.45 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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