OAKIX vs. FAERX
OAKIX (Oakmark International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, OAKIX returned 7.97%/yr vs 7.12%/yr for FAERX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. OAKIX charges 1.04%/yr vs 1.65%/yr for FAERX.
Performance
OAKIX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, OAKIX has outperformed FAERX with an annualized return of 7.97%, while FAERX has yielded a comparatively lower 7.12% annualized return.
OAKIX
- 1D
- -0.78%
- 1M
- 2.87%
- 6M
- 3.42%
- YTD
- 6.03%
- 1Y
- 18.05%
- 3Y*
- 9.52%
- 5Y*
- 5.57%
- 10Y*
- 7.97%
- ALL TIME*
- 8.03%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.42%
- 3Y*
- 7.43%
- 5Y*
- 2.30%
- 10Y*
- 7.12%
- ALL TIME*
- 5.57%
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 |
OAKIX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OAKIX Oakmark International Fund | 6.03% | 32.40% | -4.60% | 18.86% | -15.72% | 9.04% | 4.92% | 24.24% | -23.41% | 29.73% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -15.25% | 29.37% |
Correlation
The correlation between OAKIX and FAERX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1992 | 0.77 |
Over the past year, the correlation between OAKIX and FAERX has dropped to 0.40 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
OAKIX vs. FAERX — Risk / Return Rank
OAKIX
FAERX
OAKIX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark International Fund (OAKIX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| OAKIX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.35 | +1.52 |
| Martin ratioReturn relative to average drawdown | 3.58 | -0.53 | +4.11 |
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Drawdowns
OAKIX vs. FAERX - Drawdown Comparison
The maximum OAKIX drawdown since its inception was -65.18%, which is greater than FAERX's maximum drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for OAKIX and FAERX.
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Drawdown Indicators
| OAKIX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.18% | -60.14% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -7.29% | -7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -14.00% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -35.62% | -36.62% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -53.05% | -36.62% | -16.43% |
Current DrawdownCurrent decline from peak | -0.78% | -5.89% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -14.34% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 4.51% | +0.17% |
Volatility
OAKIX vs. FAERX - Volatility Comparison
Oakmark International Fund (OAKIX) has a higher volatility of 4.06% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that OAKIX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAKIX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.00% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 0.00% | +12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 7.69% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 16.66% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 16.28% | +4.67% |
OAKIX vs. FAERX - Expense Ratio Comparison
OAKIX has a 1.04% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
OAKIX vs. FAERX - Dividend Comparison
OAKIX's dividend yield for the trailing twelve months is around 1.74%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
OAKIX Oakmark International Fund | 1.74% | 1.84% | 2.46% | 1.85% | 2.97% | 1.23% | 0.33% | 1.81% | 7.15% | 3.04% | 1.48% | 5.06% |
Frequently Asked Questions
OAKIX and FAERX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAKIX has higher volatility (4.06%) compared to FAERX (0.00%). In terms of maximum drawdown, OAKIX dropped -65.18% vs FAERX's -60.14%.
OAKIX currently has the higher Sharpe Ratio (1.13 vs -0.33), 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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