MXIVX vs. FAOAX
MXIVX (Great-West International Value Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, MXIVX returned 9.68%/yr vs 7.35%/yr for FAOAX. Their correlation of 0.82 suggests significant overlap in exposure. MXIVX charges 1.07%/yr vs 1.43%/yr for FAOAX.
Performance
MXIVX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, MXIVX has outperformed FAOAX with an annualized return of 9.68%, while FAOAX has yielded a comparatively lower 7.35% annualized return.
MXIVX
- 1D
- 0.35%
- 1M
- 1.05%
- YTD
- 8.70%
- 6M
- 8.16%
- 1Y
- 26.22%
- 3Y*
- 19.96%
- 5Y*
- 10.18%
- 10Y*
- 9.68%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.69%
- 3Y*
- 7.64%
- 5Y*
- 3.50%
- 10Y*
- 7.35%
MXIVX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIVX Great-West International Value Fund | 8.70% | 39.08% | 5.46% | 18.05% | -15.20% | 10.38% | 10.20% | 22.07% | -15.68% | 25.12% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
Correlation
The correlation between MXIVX and FAOAX 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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.82 |
Over the past year, the correlation between MXIVX and FAOAX has dropped to 0.47 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
MXIVX vs. FAOAX — Risk / Return Rank
MXIVX
FAOAX
MXIVX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West International Value Fund (MXIVX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| MXIVX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.00 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | -0.08 | +2.39 |
| Martin ratioReturn relative to average drawdown | 8.54 | -0.13 | +8.67 |
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Drawdowns
MXIVX vs. FAOAX - Drawdown Comparison
The maximum MXIVX drawdown since its inception was -76.77%, which is greater than FAOAX's maximum drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for MXIVX and FAOAX.
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Drawdown Indicators
| MXIVX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -60.03% | -16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -7.29% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -13.99% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -36.50% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.18% | -36.50% | +3.32% |
Current DrawdownCurrent decline from peak | -1.48% | -5.87% | +4.39% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -14.54% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 4.15% | -1.04% |
Volatility
MXIVX vs. FAOAX - Volatility Comparison
Great-West International Value Fund (MXIVX) has a higher volatility of 4.12% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that MXIVX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIVX | FAOAX | 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 | 11.38% | 3.63% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 8.76% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 16.71% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 16.64% | +2.76% |
MXIVX vs. FAOAX - Expense Ratio Comparison
MXIVX has a 1.07% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
MXIVX vs. FAOAX - Dividend Comparison
MXIVX's dividend yield for the trailing twelve months is around 5.48%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
MXIVX Great-West International Value Fund | 5.48% | 5.96% | 4.97% | 3.27% | 2.99% | 4.27% | 1.99% | 2.42% | 27.79% | 2.85% | 0.00% | 0.00% |
Frequently Asked Questions
MXIVX and FAOAX 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.
MXIVX has higher volatility (4.12%) compared to FAOAX (0.00%). In terms of maximum drawdown, MXIVX dropped -76.77% vs FAOAX's -60.03%.
MXIVX currently has the higher Sharpe Ratio (1.90 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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