PPYPX vs. FAOSX
PPYPX (PIMCO RAE International Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, PPYPX returned 10.37%/yr vs 2.86%/yr for FAOSX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PPYPX charges 0.60%/yr vs 1.02%/yr for FAOSX.
Performance
PPYPX vs. FAOSX - Performance Comparison
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Returns By Period
PPYPX
- 1D
- 1.05%
- 1M
- 6.65%
- 6M
- 10.66%
- YTD
- 18.86%
- 1Y
- 31.14%
- 3Y*
- 16.73%
- 5Y*
- 10.37%
- 10Y*
- 9.42%
- ALL TIME*
- 9.22%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
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 |
PPYPX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPYPX PIMCO RAE International Fund | 18.86% | 31.34% | -1.15% | 18.13% | -8.73% | 10.68% | 2.05% | 16.43% | -15.49% | 20.28% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 15.17% | 27.96% | -14.73% | 26.25% |
Correlation
The correlation between PPYPX and FAOSX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.80 |
Over the past year, the correlation between PPYPX and FAOSX has dropped to 0.38 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
PPYPX vs. FAOSX — Risk / Return Rank
PPYPX
FAOSX
PPYPX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE International Fund (PPYPX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). 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.
| PPYPX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.93 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.32 | +4.50 |
| Martin ratioReturn relative to average drawdown | 12.52 | -0.48 | +13.01 |
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Drawdowns
PPYPX vs. FAOSX - Drawdown Comparison
The maximum PPYPX drawdown since its inception was -42.48%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for PPYPX and FAOSX.
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Drawdown Indicators
| PPYPX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.48% | -36.24% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -7.26% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -13.96% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -35.65% | -36.24% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -42.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.86% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -7.90% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 4.48% | -1.99% |
Volatility
PPYPX vs. FAOSX - Volatility Comparison
PIMCO RAE International Fund (PPYPX) has a higher volatility of 3.54% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that PPYPX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPYPX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 0.00% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 0.00% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 7.68% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 16.65% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 16.56% | +2.13% |
PPYPX vs. FAOSX - Expense Ratio Comparison
PPYPX has a 0.60% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
PPYPX vs. FAOSX - Dividend Comparison
PPYPX's dividend yield for the trailing twelve months is around 6.54%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAOSX Fidelity Advisor Overseas Fund Class Z | 8.67% | 8.67% | 1.80% | 1.12% | 0.85% | 2.07% | 0.00% | 1.70% | 5.30% | 3.93% | 0.00% |
PPYPX PIMCO RAE International Fund | 6.54% | 7.78% | 6.57% | 10.09% | 7.20% | 27.06% | 2.23% | 4.20% | 5.96% | 2.53% | 2.41% |
Frequently Asked Questions
PPYPX and FAOSX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPYPX has higher volatility (3.54%) compared to FAOSX (0.00%). In terms of maximum drawdown, PPYPX dropped -42.48% vs FAOSX's -36.24%.
PPYPX currently has the higher Sharpe Ratio (2.42 vs -0.30), 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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