NOIAX vs. FAERX
NOIAX (Natixis Funds Trust I Oakmark International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, NOIAX returned 7.89%/yr vs 7.06%/yr for FAERX. Their correlation of 0.82 suggests significant overlap in exposure. NOIAX charges 1.15%/yr vs 1.65%/yr for FAERX.
Performance
NOIAX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, NOIAX has outperformed FAERX with an annualized return of 7.89%, while FAERX has yielded a comparatively lower 7.06% annualized return.
NOIAX
- 1D
- 0.00%
- 1M
- 1.68%
- YTD
- 0.98%
- 6M
- 1.14%
- 1Y
- 13.18%
- 3Y*
- 9.44%
- 5Y*
- 3.87%
- 10Y*
- 7.89%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.80%
- 3Y*
- 7.45%
- 5Y*
- 3.31%
- 10Y*
- 7.06%
NOIAX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOIAX Natixis Funds Trust I Oakmark International Fund | 0.98% | 32.80% | -5.28% | 18.93% | -15.88% | 8.73% | 4.06% | 24.35% | -24.20% | 29.57% |
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 NOIAX and FAERX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.82 |
Over the past year, the correlation between NOIAX and FAERX has dropped to 0.37 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
NOIAX vs. FAERX — Risk / Return Rank
NOIAX
FAERX
NOIAX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust I Oakmark International Fund (NOIAX) 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.
| NOIAX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.99 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.10 | +1.21 |
| Martin ratioReturn relative to average drawdown | 3.31 | -0.16 | +3.47 |
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Drawdowns
NOIAX vs. FAERX - Drawdown Comparison
The maximum NOIAX drawdown since its inception was -53.97%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for NOIAX and FAERX.
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Drawdown Indicators
| NOIAX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.97% | -60.14% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -7.29% | -7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -14.00% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -36.62% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | -36.62% | -17.35% |
Current DrawdownCurrent decline from peak | -4.47% | -5.89% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -14.36% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 4.16% | +0.31% |
Volatility
NOIAX vs. FAERX - Volatility Comparison
Natixis Funds Trust I Oakmark International Fund (NOIAX) has a higher volatility of 4.62% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that NOIAX'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
| NOIAX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 0.00% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 3.62% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 8.78% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 16.72% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 16.64% | +5.73% |
NOIAX vs. FAERX - Expense Ratio Comparison
NOIAX has a 1.15% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
NOIAX vs. FAERX - Dividend Comparison
NOIAX's dividend yield for the trailing twelve months is around 3.08%, 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% |
NOIAX Natixis Funds Trust I Oakmark International Fund | 3.08% | 3.11% | 2.96% | 1.72% | 1.77% | 1.55% | 0.24% | 2.99% | 4.56% | 1.04% | 2.07% | 2.77% |
Frequently Asked Questions
NOIAX and FAERX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOIAX has higher volatility (4.62%) compared to FAERX (0.00%). In terms of maximum drawdown, NOIAX dropped -53.97% vs FAERX's -60.14%.
NOIAX currently has the higher Sharpe Ratio (0.95 vs -0.08), 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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