NOIAX vs. FAOIX
NOIAX (Natixis Funds Trust I Oakmark International Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, NOIAX returned 7.53%/yr vs 7.83%/yr for FAOIX. Their correlation of 0.82 suggests significant overlap in exposure. NOIAX charges 1.15%/yr vs 1.12%/yr for FAOIX.
Performance
NOIAX vs. FAOIX - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with NOIAX having a 7.53% annualized return and FAOIX not far ahead at 7.83%.
NOIAX
- 1D
- 1.24%
- 1M
- 1.41%
- 6M
- 0.11%
- YTD
- 3.34%
- 1Y
- 12.38%
- 3Y*
- 8.39%
- 5Y*
- 5.20%
- 10Y*
- 7.53%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.44%
- 3Y*
- 7.67%
- 5Y*
- 3.14%
- 10Y*
- 7.83%
NOIAX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOIAX Natixis Funds Trust I Oakmark International Fund | 3.34% | 32.80% | -5.28% | 18.93% | -15.88% | 8.73% | 4.06% | 24.35% | -24.20% | 29.57% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between NOIAX and FAOIX 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 | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
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 FAOIX 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. FAOIX — Risk / Return Rank
NOIAX
FAOIX
NOIAX vs. FAOIX - 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 I (FAOIX). 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 | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.91 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.47 | +1.50 |
| Martin ratioReturn relative to average drawdown | 2.98 | -0.74 | +3.72 |
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Drawdowns
NOIAX vs. FAOIX - Drawdown Comparison
The maximum NOIAX drawdown since its inception was -53.97%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for NOIAX and FAOIX.
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Drawdown Indicators
| NOIAX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.97% | -59.86% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -7.28% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -13.98% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -36.33% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | -36.33% | -17.64% |
Current DrawdownCurrent decline from peak | -2.24% | -5.85% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -14.18% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 4.31% | +0.28% |
Volatility
NOIAX vs. FAOIX - Volatility Comparison
Natixis Funds Trust I Oakmark International Fund (NOIAX) has a higher volatility of 4.31% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that NOIAX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOIAX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 0.00% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 2.61% | +10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 8.28% | +8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 16.71% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 16.30% | +5.70% |
NOIAX vs. FAOIX - Expense Ratio Comparison
NOIAX has a 1.15% expense ratio, which is higher than FAOIX's 1.12% expense ratio.
Dividends
NOIAX vs. FAOIX - Dividend Comparison
NOIAX's dividend yield for the trailing twelve months is around 3.01%, less than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
NOIAX Natixis Funds Trust I Oakmark International Fund | 3.01% | 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 FAOIX 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 (4.31%) compared to FAOIX (0.00%). In terms of maximum drawdown, NOIAX dropped -53.97% vs FAOIX's -59.86%.
NOIAX currently has the higher Sharpe Ratio (0.88 vs -0.41), 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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