NOINX vs. FAOSX
NOINX (Northern International Equity Index Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, NOINX returned 9.32%/yr vs 2.60%/yr for FAOSX. Their correlation of 0.88 means they have usually moved in the same direction. NOINX charges 0.10%/yr vs 1.02%/yr for FAOSX.
Performance
NOINX vs. FAOSX - Performance Comparison
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Returns By Period
NOINX
- 1D
- 0.46%
- 1M
- 1.80%
- 6M
- 6.35%
- YTD
- 12.52%
- 1Y
- 26.17%
- 3Y*
- 17.62%
- 5Y*
- 9.32%
- 10Y*
- 9.53%
- ALL TIME*
- 6.31%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.76%
- 3Y*
- 9.01%
- 5Y*
- 2.60%
- 10Y*
- —
- ALL TIME*
- 8.09%
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 |
NOINX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOINX Northern International Equity Index Fund | 12.52% | 31.86% | 3.69% | 18.08% | -14.24% | 11.08% | 7.92% | 21.98% | -13.76% | 21.15% |
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 NOINX and FAOSX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.88 |
Over the past year, the correlation between NOINX and FAOSX has dropped to 0.36 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
NOINX vs. FAOSX — Risk / Return Rank
NOINX
FAOSX
NOINX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern International Equity Index Fund (NOINX) 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.
| NOINX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.04 | +2.41 |
| Martin ratioReturn relative to average drawdown | 8.79 | -0.06 | +8.86 |
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Drawdowns
NOINX vs. FAOSX - Drawdown Comparison
The maximum NOINX drawdown since its inception was -61.10%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for NOINX and FAOSX.
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Drawdown Indicators
| NOINX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.10% | -36.24% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -7.26% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -13.96% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -36.24% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -5.86% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -12.49% | -7.90% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 4.51% | -1.52% |
Volatility
NOINX vs. FAOSX - Volatility Comparison
Northern International Equity Index Fund (NOINX) has a higher volatility of 4.50% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that NOINX'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
| NOINX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 0.00% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 0.00% | +14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 7.53% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 16.65% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 16.56% | -0.30% |
NOINX vs. FAOSX - Expense Ratio Comparison
NOINX has a 0.10% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
NOINX vs. FAOSX - Dividend Comparison
NOINX's dividend yield for the trailing twelve months is around 3.17%, 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% |
NOINX Northern International Equity Index Fund | 3.17% | 3.57% | 3.70% | 3.37% | 2.71% | 3.19% | 2.04% | 3.08% | 3.47% | 2.45% | 3.21% | 2.74% |
Frequently Asked Questions
NOINX and FAOSX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOINX has higher volatility (4.50%) compared to FAOSX (0.00%). In terms of maximum drawdown, NOINX dropped -61.10% vs FAOSX's -36.24%.
NOINX currently has the higher Sharpe Ratio (1.60 vs -0.04), 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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