OIIEX vs. FAOIX
OIIEX (Optimum International Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, OIIEX returned 9.03%/yr vs 7.83%/yr for FAOIX. Their correlation of 0.90 suggests significant overlap in exposure. OIIEX charges 1.04%/yr vs 1.12%/yr for FAOIX.
Performance
OIIEX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, OIIEX has outperformed FAOIX with an annualized return of 9.03%, while FAOIX has yielded a comparatively lower 7.83% annualized return.
OIIEX
- 1D
- 1.12%
- 1M
- -1.58%
- 6M
- 10.70%
- YTD
- 14.98%
- 1Y
- 23.21%
- 3Y*
- 17.26%
- 5Y*
- 6.86%
- 10Y*
- 9.03%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.44%
- 3Y*
- 7.67%
- 5Y*
- 3.14%
- 10Y*
- 7.83%
OIIEX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIIEX Optimum International Fund | 14.98% | 25.99% | 8.41% | 17.37% | -23.04% | 8.52% | 12.57% | 19.60% | -13.98% | 30.46% |
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 OIIEX and FAOIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
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 FAOIX has dropped to 0.42 - 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. FAOIX — Risk / Return Rank
OIIEX
FAOIX
OIIEX vs. FAOIX - 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 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.
| OIIEX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.91 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | -0.47 | +2.43 |
| Martin ratioReturn relative to average drawdown | 7.25 | -0.74 | +8.00 |
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Drawdowns
OIIEX vs. FAOIX - Drawdown Comparison
The maximum OIIEX drawdown since its inception was -58.10%, roughly equal to the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for OIIEX and FAOIX.
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Drawdown Indicators
| OIIEX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -59.86% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -7.28% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -13.98% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -36.33% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -36.33% | -1.10% |
Current DrawdownCurrent decline from peak | -2.16% | -5.85% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -14.18% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.31% | -1.09% |
Volatility
OIIEX vs. FAOIX - Volatility Comparison
Optimum International Fund (OIIEX) has a higher volatility of 5.82% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that OIIEX'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
| OIIEX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 0.00% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 2.61% | +11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 8.28% | +8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 16.71% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 16.30% | +0.79% |
OIIEX vs. FAOIX - Expense Ratio Comparison
OIIEX has a 1.04% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
OIIEX vs. FAOIX - Dividend Comparison
OIIEX's dividend yield for the trailing twelve months is around 1.22%, 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% |
OIIEX Optimum International Fund | 1.22% | 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 FAOIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIIEX has higher volatility (5.82%) compared to FAOIX (0.00%). In terms of maximum drawdown, OIIEX dropped -58.10% vs FAOIX's -59.86%.
OIIEX currently has the higher Sharpe Ratio (1.40 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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