NOIGX vs. FAOSX
NOIGX (Northern International Equity Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, NOIGX returned 12.00%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.86 means they have usually moved in the same direction. NOIGX charges 0.51%/yr vs 1.02%/yr for FAOSX.
Performance
NOIGX vs. FAOSX - Performance Comparison
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Returns By Period
NOIGX
- 1D
- 2.68%
- 1M
- 3.24%
- 6M
- 8.97%
- YTD
- 14.08%
- 1Y
- 29.89%
- 3Y*
- 19.47%
- 5Y*
- 12.00%
- 10Y*
- 9.55%
- ALL TIME*
- 5.80%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
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 |
NOIGX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOIGX Northern International Equity Fund | 14.08% | 37.46% | 4.73% | 19.04% | -11.87% | 15.14% | 1.69% | 16.60% | -15.11% | 19.51% |
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 NOIGX and FAOSX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.86 |
Over the past year, the correlation between NOIGX and FAOSX has dropped to 0.34 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
NOIGX vs. FAOSX — Risk / Return Rank
NOIGX
FAOSX
NOIGX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Fund (NOIGX) 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.
| NOIGX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.93 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.32 | +3.15 |
| Martin ratioReturn relative to average drawdown | 11.16 | -0.48 | +11.64 |
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Drawdowns
NOIGX vs. FAOSX - Drawdown Comparison
The maximum NOIGX drawdown since its inception was -57.92%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for NOIGX and FAOSX.
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Drawdown Indicators
| NOIGX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.92% | -36.24% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -7.26% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -13.96% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -36.24% | +8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.06% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.86% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -7.90% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.48% | -1.94% |
Volatility
NOIGX vs. FAOSX - Volatility Comparison
Northern International Equity Fund (NOIGX) has a higher volatility of 4.37% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that NOIGX'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
| NOIGX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 0.00% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 0.00% | +13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.62% | 7.68% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 16.65% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 16.56% | -0.33% |
NOIGX vs. FAOSX - Expense Ratio Comparison
NOIGX has a 0.51% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
NOIGX vs. FAOSX - Dividend Comparison
NOIGX's dividend yield for the trailing twelve months is around 0.68%, less than FAOSX's 8.67% yield.
| 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% |
NOIGX Northern International Equity Fund | 0.68% | 0.78% | 4.50% | 5.79% | 2.94% | 3.20% | 5.86% | 3.83% | 2.71% | 1.21% | 1.57% | 2.02% |
Frequently Asked Questions
NOIGX and FAOSX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOIGX has higher volatility (4.37%) compared to FAOSX (0.00%). In terms of maximum drawdown, NOIGX dropped -57.92% vs FAOSX's -36.24%.
NOIGX currently has the higher Sharpe Ratio (1.82 vs -0.30), 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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