NOIAX vs. FHLFX
NOIAX (Natixis Funds Trust I Oakmark International Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, NOIAX returned 5.39%/yr vs 9.45%/yr for FHLFX. Their correlation of 0.85 means they have usually moved in the same direction. NOIAX charges 1.15%/yr vs 0.01%/yr for FHLFX.
Performance
NOIAX vs. FHLFX - Performance Comparison
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Returns By Period
In the year-to-date period, NOIAX achieves a 5.71% return, which is significantly lower than FHLFX's 11.78% return.
NOIAX
- 1D
- -0.76%
- 1M
- 2.86%
- 6M
- 2.86%
- YTD
- 5.71%
- 1Y
- 16.72%
- 3Y*
- 9.26%
- 5Y*
- 5.39%
- 10Y*
- 7.64%
- ALL TIME*
- 6.13%
FHLFX
- 1D
- -0.71%
- 1M
- 1.26%
- 6M
- 5.76%
- YTD
- 11.78%
- 1Y
- 25.30%
- 3Y*
- 16.61%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 9.34%
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 |
NOIAX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NOIAX Natixis Funds Trust I Oakmark International Fund | 5.71% | 32.80% | -5.28% | 18.93% | -15.88% | 8.73% | 4.06% | 24.35% | -15.88% |
FHLFX Fidelity Series International Index Fund | 11.78% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
Correlation
The correlation between NOIAX and FHLFX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.85 |
The correlation between NOIAX and FHLFX shifts across timeframes, from 0.69 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOIAX vs. FHLFX — Risk / Return Rank
NOIAX
FHLFX
NOIAX vs. FHLFX - 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 Series International Index Fund (FHLFX). 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 | FHLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.23 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.07 | 8.46 | -4.39 |
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Drawdowns
NOIAX vs. FHLFX - Drawdown Comparison
The maximum NOIAX drawdown since its inception was -53.97%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for NOIAX and FHLFX.
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Drawdown Indicators
| NOIAX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.97% | -33.58% | -20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -11.37% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -13.62% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -29.36% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.71% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -6.01% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 3.00% | +1.63% |
Volatility
NOIAX vs. FHLFX - Volatility Comparison
Natixis Funds Trust I Oakmark International Fund (NOIAX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 4.30% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOIAX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.47% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 13.25% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 15.52% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 16.11% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 17.62% | +4.39% |
NOIAX vs. FHLFX - Expense Ratio Comparison
NOIAX has a 1.15% expense ratio, which is higher than FHLFX's 0.01% expense ratio.
Dividends
NOIAX vs. FHLFX - Dividend Comparison
NOIAX's dividend yield for the trailing twelve months is around 2.94%, less than FHLFX's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 3.10% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
NOIAX Natixis Funds Trust I Oakmark International Fund | 2.94% | 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 FHLFX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHLFX has higher volatility (4.47%) compared to NOIAX (4.30%). In terms of maximum drawdown, NOIAX dropped -53.97% vs FHLFX's -33.58%.
FHLFX currently has the higher Sharpe Ratio (1.64 vs 1.19), 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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