PZRIX vs. FAOCX
PZRIX (PIMCO RAE Global ex-US Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, PZRIX returned 10.42%/yr vs 6.48%/yr for FAOCX. Their correlation of 0.81 suggests significant overlap in exposure. PZRIX charges 0.00%/yr vs 2.25%/yr for FAOCX.
Performance
PZRIX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, PZRIX has outperformed FAOCX with an annualized return of 10.42%, while FAOCX has yielded a comparatively lower 6.48% annualized return.
PZRIX
- 1D
- 0.16%
- 1M
- -3.04%
- YTD
- 10.46%
- 6M
- 10.74%
- 1Y
- 28.45%
- 3Y*
- 19.23%
- 5Y*
- 10.07%
- 10Y*
- 10.42%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.01%
- 3Y*
- 6.99%
- 5Y*
- 2.79%
- 10Y*
- 6.48%
PZRIX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 10.46% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
Correlation
The correlation between PZRIX and FAOCX 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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.81 |
Over the past year, the correlation between PZRIX and FAOCX has dropped to 0.46 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
PZRIX vs. FAOCX — Risk / Return Rank
PZRIX
FAOCX
PZRIX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Global ex-US Fund (PZRIX) and Fidelity Advisor Overseas Fund Class C (FAOCX). 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.
| PZRIX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.99 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | -0.13 | +3.72 |
| Martin ratioReturn relative to average drawdown | 12.37 | -0.21 | +12.58 |
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Drawdowns
PZRIX vs. FAOCX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for PZRIX and FAOCX.
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Drawdown Indicators
| PZRIX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -60.45% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -7.33% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -14.05% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -36.96% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | -36.96% | -6.57% |
Current DrawdownCurrent decline from peak | -4.74% | -5.90% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -15.61% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 4.17% | -1.81% |
Volatility
PZRIX vs. FAOCX - Volatility Comparison
PIMCO RAE Global ex-US Fund (PZRIX) has a higher volatility of 3.62% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that PZRIX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZRIX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 0.00% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 3.64% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 8.76% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 16.71% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 16.64% | +0.24% |
PZRIX vs. FAOCX - Expense Ratio Comparison
PZRIX has a 0.00% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
PZRIX vs. FAOCX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 5.94%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% |
PZRIX PIMCO RAE Global ex-US Fund | 5.94% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% |
Frequently Asked Questions
PZRIX and FAOCX 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.
PZRIX has higher volatility (3.62%) compared to FAOCX (0.00%). In terms of maximum drawdown, PZRIX dropped -43.53% vs FAOCX's -60.45%.
PZRIX currently has the higher Sharpe Ratio (2.48 vs -0.11), 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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