OAKIX vs. FAOIX
OAKIX (Oakmark International Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, OAKIX returned 7.78%/yr vs 7.83%/yr for FAOIX. A 0.77 correlation means they provide meaningful diversification when combined. OAKIX charges 1.04%/yr vs 1.12%/yr for FAOIX.
Performance
OAKIX vs. FAOIX - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with OAKIX having a 7.78% annualized return and FAOIX not far ahead at 7.83%.
OAKIX
- 1D
- -0.18%
- 1M
- 1.24%
- 6M
- -0.09%
- YTD
- 2.77%
- 1Y
- 11.21%
- 3Y*
- 8.28%
- 5Y*
- 4.73%
- 10Y*
- 7.78%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.97%
- 3Y*
- 7.67%
- 5Y*
- 3.14%
- 10Y*
- 7.83%
OAKIX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OAKIX Oakmark International Fund | 2.77% | 32.40% | -4.60% | 18.86% | -15.72% | 9.04% | 4.92% | 24.24% | -23.41% | 29.73% |
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 OAKIX and FAOIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.77 |
Over the past year, the correlation between OAKIX and FAOIX has dropped to 0.41 - 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. FAOIX — Risk / Return Rank
OAKIX
FAOIX
OAKIX vs. FAOIX - 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 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.
| OAKIX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.91 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | -0.47 | +1.19 |
| Martin ratioReturn relative to average drawdown | 2.17 | -0.74 | +2.91 |
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Drawdowns
OAKIX vs. FAOIX - Drawdown Comparison
The maximum OAKIX drawdown since its inception was -65.18%, which is greater than FAOIX's maximum drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for OAKIX and FAOIX.
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Drawdown Indicators
| OAKIX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.18% | -59.86% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -7.28% | -7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -13.98% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.62% | -36.33% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -53.05% | -36.33% | -16.72% |
Current DrawdownCurrent decline from peak | -2.96% | -5.85% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -11.69% | -14.18% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 4.31% | +0.43% |
Volatility
OAKIX vs. FAOIX - Volatility Comparison
Oakmark International Fund (OAKIX) has a higher volatility of 4.63% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that OAKIX'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
| OAKIX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 0.00% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 2.61% | +9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 8.28% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 16.71% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.96% | 16.30% | +4.66% |
OAKIX vs. FAOIX - Expense Ratio Comparison
OAKIX has a 1.04% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
OAKIX vs. FAOIX - Dividend Comparison
OAKIX's dividend yield for the trailing twelve months is around 1.79%, 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% |
OAKIX Oakmark International Fund | 1.79% | 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 FAOIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAKIX has higher volatility (4.63%) compared to FAOIX (0.00%). In terms of maximum drawdown, OAKIX dropped -65.18% vs FAOIX's -59.86%.
OAKIX currently has the higher Sharpe Ratio (0.69 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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