PQDMX vs. FAOSX

Last updated Aug 1, 2026

PQDMX (PGIM Quant Solutions International Developed Markets Index Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, PQDMX returned 8.76%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.89 means they have usually moved in the same direction. PQDMX charges 0.31%/yr vs 1.02%/yr for FAOSX.

Performance

PQDMX vs. FAOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions International Developed Markets Index Fund (PQDMX) and Fidelity Advisor Overseas Fund Class Z (FAOSX). The values are adjusted to include any dividend payments, if applicable.

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%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAOSX Fidelity Advisor Overseas Fund Class Z	$0.00	$0.00	$0.00
PQDMX PGIM Quant Solutions International Developed Markets Index Fund	$0.00	$0.00	$0.00

PQDMX vs. FAOSX - 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%	21.19%
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 PQDMX and FAOSX 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 Feb 1, 2017	0.89

Over the past year, the correlation between PQDMX and FAOSX has dropped to 0.46 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

PQDMX vs. FAOSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PQDMX

PQDMX Risk / Return Rank: 59
PQDMX Sharpe Ratio Rank: 60
PQDMX Sortino Ratio Rank: 59
PQDMX Omega Ratio Rank: 58
PQDMX Calmar Ratio Rank: 60
PQDMX Martin Ratio Rank: 59

FAOSX

FAOSX Risk / Return Rank: 2
FAOSX Sharpe Ratio Rank: 2
FAOSX Sortino Ratio Rank: 2
FAOSX Omega Ratio Rank: 1
FAOSX Calmar Ratio Rank: 2
FAOSX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PQDMX vs. FAOSX - 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 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.

	PQDMX	FAOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	-0.30	+1.86
Sortino ratio: Return per unit of downside risk	2.22	-0.37	+2.59
Omega ratio: Gain probability vs. loss probability	1.28	0.93	+0.35
Calmar ratio: Return relative to maximum drawdown	2.16	-0.32	+2.48
Martin ratio: Return relative to average drawdown	8.11	-0.48	+8.60

PQDMX vs. FAOSX - Sharpe Ratio Comparison

The current PQDMX Sharpe Ratio is 1.56, which is higher than the FAOSX Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of PQDMX and FAOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PQDMX vs. FAOSX - Drawdown Comparison

The maximum PQDMX drawdown since its inception was -34.63%, roughly equal to the maximum FAOSX drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for PQDMX and FAOSX.

Drawdown Indicators

	PQDMX	FAOSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.63%	-36.24%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-7.26%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	-13.96%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-30.45%	-36.24%	+5.79%
Current Drawdown Current decline from peak	0.00%	-5.86%	+5.86%
Average Drawdown Average peak-to-trough decline	-6.84%	-7.90%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	4.48%	-1.46%

Volatility

PQDMX vs. FAOSX - 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 Z (FAOSX) at 0.00%. This indicates that PQDMX'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.

Volatility by Period

	PQDMX	FAOSX	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%	7.68%	+8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	16.65%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	16.56%	-0.39%

PQDMX vs. FAOSX - Expense Ratio Comparison

PQDMX has a 0.31% expense ratio, which is lower than FAOSX's 1.02% expense ratio.

Dividends

PQDMX vs. FAOSX - Dividend Comparison

PQDMX's dividend yield for the trailing twelve months is around 3.04%, less than FAOSX's 8.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Frequently Asked Questions

Can I hold both PQDMX and FAOSX in my portfolio?

PQDMX and FAOSX 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.

Which is riskier, PQDMX or FAOSX?

PQDMX has higher volatility (4.70%) compared to FAOSX (0.00%). In terms of maximum drawdown, PQDMX dropped -34.63% vs FAOSX's -36.24%.

Which has better risk-adjusted returns?

PQDMX currently has the higher Sharpe Ratio (1.56 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.