NOIAX vs. FAOAX
NOIAX (Natixis Funds Trust I Oakmark International Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, NOIAX returned 7.89%/yr vs 7.35%/yr for FAOAX. Their correlation of 0.82 suggests significant overlap in exposure. NOIAX charges 1.15%/yr vs 1.43%/yr for FAOAX.
Performance
NOIAX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, NOIAX has outperformed FAOAX with an annualized return of 7.89%, while FAOAX has yielded a comparatively lower 7.35% 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%
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%
NOIAX vs. FAOAX - 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% |
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 NOIAX and FAOAX 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 FAOAX 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. FAOAX — Risk / Return Rank
NOIAX
FAOAX
NOIAX vs. FAOAX - 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 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.
| NOIAX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.08 | +1.20 |
| Martin ratioReturn relative to average drawdown | 3.31 | -0.13 | +3.44 |
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Drawdowns
NOIAX vs. FAOAX - Drawdown Comparison
The maximum NOIAX drawdown since its inception was -53.97%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for NOIAX and FAOAX.
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Drawdown Indicators
| NOIAX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.97% | -60.03% | +6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -7.29% | -7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -13.99% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -36.50% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | -36.50% | -17.47% |
Current DrawdownCurrent decline from peak | -4.47% | -5.87% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -14.54% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 4.15% | +0.32% |
Volatility
NOIAX vs. FAOAX - Volatility Comparison
Natixis Funds Trust I Oakmark International Fund (NOIAX) has a higher volatility of 4.62% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that NOIAX'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
| NOIAX | FAOAX | 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% | 3.63% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 8.76% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 16.71% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 16.64% | +5.73% |
NOIAX vs. FAOAX - Expense Ratio Comparison
NOIAX has a 1.15% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
NOIAX vs. FAOAX - Dividend Comparison
NOIAX's dividend yield for the trailing twelve months is around 3.08%, 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% |
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 FAOAX 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 FAOAX (0.00%). In terms of maximum drawdown, NOIAX dropped -53.97% vs FAOAX's -60.03%.
NOIAX currently has the higher Sharpe Ratio (0.95 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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