NBIIX vs. FAOSX
NBIIX (Neuberger Berman International Equity Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, NBIIX returned 2.18%/yr vs 2.60%/yr for FAOSX. Their correlation of 0.90 means they have usually moved in the same direction. NBIIX charges 0.87%/yr vs 1.02%/yr for FAOSX.
Performance
NBIIX vs. FAOSX - Performance Comparison
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Returns By Period
NBIIX
- 1D
- 0.27%
- 1M
- -2.11%
- 6M
- -1.85%
- YTD
- 4.49%
- 1Y
- 2.41%
- 3Y*
- 9.27%
- 5Y*
- 2.18%
- 10Y*
- 6.88%
- ALL TIME*
- 5.56%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.76%
- 3Y*
- 9.01%
- 5Y*
- 2.60%
- 10Y*
- —
- ALL TIME*
- 8.09%
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 |
NBIIX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBIIX Neuberger Berman International Equity Fund | 4.49% | 13.56% | 5.34% | 14.28% | -22.00% | 13.85% | 13.89% | 27.89% | -16.45% | 22.55% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 15.17% | 27.96% | -14.73% | 26.25% |
Correlation
The correlation between NBIIX and FAOSX 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. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.90 |
Over the past year, the correlation between NBIIX and FAOSX has dropped to 0.42 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
NBIIX vs. FAOSX — Risk / Return Rank
NBIIX
FAOSX
NBIIX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman International Equity Fund (NBIIX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). 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.
| NBIIX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.04 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.76 | -0.06 | +0.83 |
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Drawdowns
NBIIX vs. FAOSX - Drawdown Comparison
The maximum NBIIX drawdown since its inception was -61.08%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for NBIIX and FAOSX.
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Drawdown Indicators
| NBIIX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.08% | -36.24% | -24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -7.26% | -7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | -13.96% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -35.20% | -36.24% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.20% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -5.86% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -7.90% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 4.51% | +0.26% |
Volatility
NBIIX vs. FAOSX - Volatility Comparison
Neuberger Berman International Equity Fund (NBIIX) has a higher volatility of 5.34% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that NBIIX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBIIX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 0.00% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 0.00% | +14.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 7.53% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 16.65% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.56% | +0.49% |
NBIIX vs. FAOSX - Expense Ratio Comparison
NBIIX has a 0.87% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
NBIIX vs. FAOSX - Dividend Comparison
NBIIX has not paid dividends to shareholders, while FAOSX's dividend yield for the trailing twelve months is around 8.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOSX Fidelity Advisor Overseas Fund Class Z | 8.67% | 8.67% | 1.80% | 1.12% | 0.85% | 2.07% | 0.00% | 1.70% | 5.30% | 3.93% | 0.00% | 0.00% |
NBIIX Neuberger Berman International Equity Fund | 0.00% | 0.00% | 4.56% | 2.54% | 5.40% | 11.99% | 4.84% | 2.72% | 1.43% | 0.95% | 1.44% | 1.28% |
Frequently Asked Questions
NBIIX and FAOSX 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.
NBIIX has higher volatility (5.34%) compared to FAOSX (0.00%). In terms of maximum drawdown, NBIIX dropped -61.08% vs FAOSX's -36.24%.
NBIIX currently has the higher Sharpe Ratio (0.19 vs -0.04), 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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