PZRIX vs. FAOIX
PZRIX (PIMCO RAE Global ex-US Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, PZRIX returned 9.99%/yr vs 7.64%/yr for FAOIX. Their correlation of 0.80 means they have usually moved in the same direction. PZRIX charges 0.00%/yr vs 1.12%/yr for FAOIX.
Performance
PZRIX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, PZRIX has outperformed FAOIX with an annualized return of 9.99%, while FAOIX has yielded a comparatively lower 7.64% annualized return.
PZRIX
- 1D
- -0.08%
- 1M
- 4.75%
- 6M
- 5.68%
- YTD
- 15.43%
- 1Y
- 30.32%
- 3Y*
- 19.23%
- 5Y*
- 11.15%
- 10Y*
- 9.99%
- ALL TIME*
- 10.33%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.79%
- 3Y*
- 8.91%
- 5Y*
- 2.49%
- 10Y*
- 7.64%
- 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 |
PZRIX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 15.43% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
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 PZRIX and FAOIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.80 |
Over the past year, the correlation between PZRIX and FAOIX has dropped to 0.39 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
PZRIX vs. FAOIX — Risk / Return Rank
PZRIX
FAOIX
PZRIX vs. FAOIX - 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 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.
| PZRIX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.00 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | -0.04 | +3.93 |
| Martin ratioReturn relative to average drawdown | 11.80 | -0.06 | +11.86 |
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Drawdowns
PZRIX vs. FAOIX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for PZRIX and FAOIX.
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Drawdown Indicators
| PZRIX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -59.86% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -7.28% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -13.98% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -36.33% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | -36.33% | -7.20% |
Current DrawdownCurrent decline from peak | -0.69% | -5.85% | +5.16% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -14.16% | +5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 4.51% | -1.82% |
Volatility
PZRIX vs. FAOIX - Volatility Comparison
PIMCO RAE Global ex-US Fund (PZRIX) has a higher volatility of 2.73% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that PZRIX'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
| PZRIX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 0.00% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 0.00% | +9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 7.54% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 16.67% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.29% | +0.35% |
PZRIX vs. FAOIX - Expense Ratio Comparison
PZRIX has a 0.00% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
PZRIX vs. FAOIX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 5.68%, 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% |
PZRIX PIMCO RAE Global ex-US Fund | 5.68% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Frequently Asked Questions
PZRIX and FAOIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZRIX has higher volatility (2.73%) compared to FAOIX (0.00%). In terms of maximum drawdown, PZRIX dropped -43.53% vs FAOIX's -59.86%.
PZRIX currently has the higher Sharpe Ratio (2.67 vs -0.04), 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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