PINZX vs. FAERX
PINZX (Principal Overseas Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, PINZX returned 12.54%/yr vs 7.40%/yr for FAERX. Their correlation of 0.89 suggests significant overlap in exposure. PINZX charges 0.97%/yr vs 1.65%/yr for FAERX.
Performance
PINZX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, PINZX has outperformed FAERX with an annualized return of 12.54%, while FAERX has yielded a comparatively lower 7.40% annualized return.
PINZX
- 1D
- 0.45%
- 1M
- 0.98%
- 6M
- 10.52%
- YTD
- 14.86%
- 1Y
- 30.11%
- 3Y*
- 24.94%
- 5Y*
- 16.33%
- 10Y*
- 12.54%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.12%
- 3Y*
- 8.79%
- 5Y*
- 2.78%
- 10Y*
- 7.40%
PINZX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PINZX Principal Overseas Fund | 14.86% | 40.18% | 13.98% | 22.59% | -4.87% | 11.15% | 4.09% | 20.84% | -17.91% | 25.59% |
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 PINZX and FAERX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2008 | 0.89 |
Over the past year, the correlation between PINZX and FAERX has dropped to 0.46 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
PINZX vs. FAERX — Risk / Return Rank
PINZX
FAERX
PINZX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Overseas Fund (PINZX) 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.
| PINZX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.87 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | -0.71 | +2.86 |
| Martin ratioReturn relative to average drawdown | 7.94 | -1.11 | +9.05 |
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Drawdowns
PINZX vs. FAERX - Drawdown Comparison
The maximum PINZX drawdown since its inception was -44.27%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for PINZX and FAERX.
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Drawdown Indicators
| PINZX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.27% | -60.14% | +15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -7.29% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -14.00% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -36.62% | +10.66% |
Max Drawdown (10Y)Largest decline over 10 years | -44.27% | -36.62% | -7.65% |
Current DrawdownCurrent decline from peak | -1.61% | -5.89% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -14.35% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 4.32% | -0.65% |
Volatility
PINZX vs. FAERX - Volatility Comparison
Principal Overseas Fund (PINZX) has a higher volatility of 5.69% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that PINZX'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
| PINZX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 0.00% | +5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 2.84% | +11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 8.37% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 16.70% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 16.30% | +1.53% |
PINZX vs. FAERX - Expense Ratio Comparison
PINZX has a 0.97% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
PINZX vs. FAERX - Dividend Comparison
PINZX's dividend yield for the trailing twelve months is around 8.46%, more 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% |
PINZX Principal Overseas Fund | 8.46% | 9.71% | 29.12% | 6.31% | 8.23% | 7.70% | 1.85% | 3.08% | 10.03% | 3.15% | 2.04% | 4.01% |
Frequently Asked Questions
PINZX and FAERX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PINZX has higher volatility (5.69%) compared to FAERX (0.00%). In terms of maximum drawdown, PINZX dropped -44.27% vs FAERX's -60.14%.
PINZX currently has the higher Sharpe Ratio (1.74 vs -0.62), 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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