OIIEX vs. FAERX
OIIEX (Optimum International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, OIIEX returned 9.54%/yr vs 7.76%/yr for FAERX. Their correlation of 0.90 suggests significant overlap in exposure. OIIEX charges 1.04%/yr vs 1.65%/yr for FAERX.
Performance
OIIEX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, OIIEX has outperformed FAERX with an annualized return of 9.54%, while FAERX has yielded a comparatively lower 7.76% annualized return.
OIIEX
- 1D
- -2.97%
- 1M
- 0.84%
- YTD
- 13.90%
- 6M
- 14.12%
- 1Y
- 22.79%
- 3Y*
- 18.64%
- 5Y*
- 6.25%
- 10Y*
- 9.54%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -2.14%
- 3Y*
- 8.72%
- 5Y*
- 2.90%
- 10Y*
- 7.76%
OIIEX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIIEX Optimum International Fund | 13.90% | 25.99% | 8.41% | 17.37% | -23.04% | 8.52% | 12.57% | 19.60% | -13.98% | 30.46% |
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 OIIEX and FAERX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2003 | 0.90 |
Over the past year, the correlation between OIIEX and FAERX has dropped to 0.47 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
OIIEX vs. FAERX — Risk / Return Rank
OIIEX
FAERX
OIIEX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimum International Fund (OIIEX) 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.
| OIIEX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.13 | +2.28 |
| Martin ratioReturn relative to average drawdown | 8.15 | -0.21 | +8.35 |
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Drawdowns
OIIEX vs. FAERX - Drawdown Comparison
The maximum OIIEX drawdown since its inception was -58.10%, roughly equal to the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for OIIEX and FAERX.
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Drawdown Indicators
| OIIEX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -60.14% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -7.29% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -14.00% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -36.62% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -36.62% | -0.81% |
Current DrawdownCurrent decline from peak | -3.08% | -5.89% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -14.36% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 4.18% | -1.03% |
Volatility
OIIEX vs. FAERX - Volatility Comparison
Optimum International Fund (OIIEX) has a higher volatility of 7.58% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that OIIEX'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
| OIIEX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 0.00% | +7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 3.62% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 8.77% | +7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.72% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 16.37% | +0.74% |
OIIEX vs. FAERX - Expense Ratio Comparison
OIIEX has a 1.04% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
OIIEX vs. FAERX - Dividend Comparison
OIIEX's dividend yield for the trailing twelve months is around 1.23%, 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% |
OIIEX Optimum International Fund | 1.23% | 1.40% | 1.62% | 1.37% | 3.08% | 15.53% | 3.16% | 2.10% | 8.98% | 2.06% | 1.16% | 0.80% |
Frequently Asked Questions
OIIEX and FAERX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIIEX has higher volatility (7.58%) compared to FAERX (0.00%). In terms of maximum drawdown, OIIEX dropped -58.10% vs FAERX's -60.14%.
OIIEX currently has the higher Sharpe Ratio (1.57 vs -0.11), 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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