PQDMX vs. FAOIX
PQDMX (PGIM Quant Solutions International Developed Markets Index Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 5 years, PQDMX returned 8.76%/yr vs 2.74%/yr for FAOIX. Their correlation of 0.89 means they have usually moved in the same direction. PQDMX charges 0.31%/yr vs 1.12%/yr for FAOIX.
Performance
PQDMX vs. FAOIX - Performance Comparison
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Returns By Period
PQDMX
- 1D
- 2.72%
- 1M
- 2.06%
- 6M
- 7.09%
- YTD
- 12.39%
- 1Y
- 25.80%
- 3Y*
- 15.83%
- 5Y*
- 8.76%
- 10Y*
- —
- ALL TIME*
- 9.47%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.86%
- 5Y*
- 2.74%
- 10Y*
- 7.63%
- ALL TIME*
- 5.75%
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 |
PQDMX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQDMX PGIM Quant Solutions International Developed Markets Index Fund | 12.39% | 31.21% | 2.93% | 17.76% | -15.26% | 9.28% | 10.24% | 21.11% | -13.70% | 24.61% |
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 PQDMX and FAOIX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.89 |
Over the past year, the correlation between PQDMX and FAOIX 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
PQDMX vs. FAOIX — Risk / Return Rank
PQDMX
FAOIX
PQDMX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions International Developed Markets Index Fund (PQDMX) 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.
| PQDMX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.93 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.32 | +2.48 |
| Martin ratioReturn relative to average drawdown | 8.11 | -0.49 | +8.60 |
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Drawdowns
PQDMX vs. FAOIX - Drawdown Comparison
The maximum PQDMX drawdown since its inception was -34.63%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for PQDMX and FAOIX.
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Drawdown Indicators
| PQDMX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.63% | -59.86% | +25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -7.28% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.98% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -36.33% | +5.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.33% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -14.17% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 4.48% | -1.46% |
Volatility
PQDMX vs. FAOIX - Volatility Comparison
PGIM Quant Solutions International Developed Markets Index Fund (PQDMX) has a higher volatility of 4.70% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that PQDMX'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
| PQDMX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 0.00% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 0.00% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 7.69% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 16.67% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 16.29% | -0.12% |
PQDMX vs. FAOIX - Expense Ratio Comparison
PQDMX has a 0.31% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
PQDMX vs. FAOIX - Dividend Comparison
PQDMX's dividend yield for the trailing twelve months is around 3.04%, 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% |
PQDMX PGIM Quant Solutions International Developed Markets Index Fund | 3.04% | 3.42% | 4.76% | 3.00% | 2.45% | 3.31% | 1.54% | 2.63% | 2.66% | 2.46% | 0.00% | 0.00% |
Frequently Asked Questions
PQDMX and FAOIX 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.
PQDMX has higher volatility (4.70%) compared to FAOIX (0.00%). In terms of maximum drawdown, PQDMX dropped -34.63% vs FAOIX's -59.86%.
PQDMX currently has the higher Sharpe Ratio (1.56 vs -0.31), 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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