SSGJX vs. FAOCX
SSGJX (State Street Global All Cap Equity ex-U.S. Index Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, SSGJX returned 9.21%/yr vs 6.54%/yr for FAOCX. Their correlation of 0.84 means they have usually moved in the same direction. SSGJX charges 0.27%/yr vs 2.25%/yr for FAOCX.
Performance
SSGJX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, SSGJX has outperformed FAOCX with an annualized return of 9.21%, while FAOCX has yielded a comparatively lower 6.54% annualized return.
SSGJX
- 1D
- 3.00%
- 1M
- -0.40%
- 6M
- 6.29%
- YTD
- 12.75%
- 1Y
- 27.91%
- 3Y*
- 16.77%
- 5Y*
- 8.65%
- 10Y*
- 9.21%
- ALL TIME*
- 6.80%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.57%
- 3Y*
- 7.00%
- 5Y*
- 1.81%
- 10Y*
- 6.54%
- ALL TIME*
- 4.61%
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 |
SSGJX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund | 12.75% | 32.51% | 4.92% | 15.59% | -16.57% | 8.21% | 10.93% | 21.27% | -14.19% | 27.00% |
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 SSGJX and FAOCX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014 | 0.84 |
Over the past year, the correlation between SSGJX and FAOCX has dropped to 0.34 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
SSGJX vs. FAOCX — Risk / Return Rank
SSGJX
FAOCX
SSGJX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) 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.
| SSGJX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.92 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | -0.37 | +2.66 |
| Martin ratioReturn relative to average drawdown | 8.41 | -0.56 | +8.98 |
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Drawdowns
SSGJX vs. FAOCX - Drawdown Comparison
The maximum SSGJX drawdown since its inception was -36.15%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for SSGJX and FAOCX.
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Drawdown Indicators
| SSGJX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.15% | -60.45% | +24.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -7.33% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -14.05% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.19% | -36.96% | +6.77% |
Max Drawdown (10Y)Largest decline over 10 years | -36.15% | -36.96% | +0.81% |
Current DrawdownCurrent decline from peak | -2.46% | -5.90% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -15.58% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 4.52% | -1.47% |
Volatility
SSGJX vs. FAOCX - Volatility Comparison
State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) has a higher volatility of 4.87% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that SSGJX'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
| SSGJX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 0.00% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 0.00% | +13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 7.67% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 16.66% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 16.28% | -0.54% |
SSGJX vs. FAOCX - Expense Ratio Comparison
SSGJX has a 0.27% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
SSGJX vs. FAOCX - Dividend Comparison
SSGJX's dividend yield for the trailing twelve months is around 3.85%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund | 3.85% | 4.34% | 4.43% | 2.93% | 2.73% | 4.07% | 1.57% | 4.69% | 8.03% | 3.98% | 1.52% | 2.09% |
Frequently Asked Questions
SSGJX and FAOCX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGJX has higher volatility (4.87%) compared to FAOCX (0.00%). In terms of maximum drawdown, SSGJX dropped -36.15% vs FAOCX's -60.45%.
SSGJX currently has the higher Sharpe Ratio (1.69 vs -0.36), 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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