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 9.18%/yr vs 7.76%/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 9.18%, while FAERX has yielded a comparatively lower 7.76% annualized return.
MXINX
- 1D
- -0.18%
- 1M
- -1.22%
- YTD
- 8.19%
- 6M
- 7.78%
- 1Y
- 20.42%
- 3Y*
- 16.10%
- 5Y*
- 7.96%
- 10Y*
- 9.18%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.83%
- 3Y*
- 8.72%
- 5Y*
- 2.85%
- 10Y*
- 7.76%
MXINX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXINX Great-West International Index Fund | 8.19% | 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 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
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 0.47 - 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 | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | -0.34 | +2.14 |
| Martin ratioReturn relative to average drawdown | 6.70 | -0.55 | +7.25 |
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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 | -2.29% | -5.89% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -14.36% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 4.19% | -1.16% |
Volatility
MXINX vs. FAERX - Volatility Comparison
Great-West International Index Fund (MXINX) has a higher volatility of 5.21% 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 | 5.21% | 0.00% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 3.50% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 8.72% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 16.72% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 16.37% | +0.40% |
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 3.09%, 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 | 3.09% | 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 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXINX has higher volatility (5.21%) 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 (1.29 vs -0.29), 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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