MXINX vs. FAERX
MXINX (Great-West International Index Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, MXINX returned 8.73%/yr vs 7.27%/yr for FAERX. Their correlation of 0.89 suggests significant overlap in exposure. MXINX charges 0.65%/yr vs 1.65%/yr for FAERX.
Performance
MXINX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, MXINX has outperformed FAERX with an annualized return of 8.73%, while FAERX has yielded a comparatively lower 7.27% annualized return.
MXINX
- 1D
- -0.74%
- 1M
- -0.23%
- 6M
- 6.18%
- YTD
- 10.09%
- 1Y
- 21.21%
- 3Y*
- 15.30%
- 5Y*
- 8.80%
- 10Y*
- 8.73%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.30%
- 3Y*
- 7.36%
- 5Y*
- 2.93%
- 10Y*
- 7.27%
MXINX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXINX Great-West International Index Fund | 10.09% | 30.90% | 2.92% | 17.56% | -14.75% | 10.32% | 7.97% | 21.26% | -13.93% | 24.73% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -15.25% | 29.37% |
Correlation
The correlation between MXINX and FAERX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.89 |
Over the past year, the correlation between MXINX and FAERX has dropped to 0.44 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
MXINX vs. FAERX — Risk / Return Rank
MXINX
FAERX
MXINX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West International Index Fund (MXINX) 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.
| MXINX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.92 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | -0.42 | +2.38 |
| Martin ratioReturn relative to average drawdown | 7.30 | -0.65 | +7.95 |
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Drawdowns
MXINX vs. FAERX - Drawdown Comparison
The maximum MXINX drawdown since its inception was -34.59%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for MXINX and FAERX.
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Drawdown Indicators
| MXINX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -60.14% | +25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -7.29% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -14.00% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -29.75% | -36.62% | +6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -36.62% | +2.03% |
Current DrawdownCurrent decline from peak | -1.36% | -5.89% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -14.35% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 4.39% | -1.35% |
Volatility
MXINX vs. FAERX - Volatility Comparison
Great-West International Index Fund (MXINX) has a higher volatility of 4.12% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that MXINX'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
| MXINX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 0.00% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 1.50% | +11.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 8.19% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.70% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.29% | +0.42% |
MXINX vs. FAERX - Expense Ratio Comparison
MXINX has a 0.65% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
MXINX vs. FAERX - Dividend Comparison
MXINX's dividend yield for the trailing twelve months is around 3.04%, 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% |
MXINX Great-West International Index Fund | 3.04% | 3.34% | 2.20% | 4.38% | 1.80% | 5.73% | 2.45% | 2.64% | 3.55% | 2.63% | 0.00% | 0.00% |
Frequently Asked Questions
MXINX and FAERX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXINX has higher volatility (4.12%) compared to FAERX (0.00%). In terms of maximum drawdown, MXINX dropped -34.59% vs FAERX's -60.14%.
MXINX currently has the higher Sharpe Ratio (1.40 vs -0.38), 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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