STEZX vs. FAOSX
STEZX (AB International Strategic Equities Portfolio) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, STEZX returned 12.27%/yr vs 2.86%/yr for FAOSX. Their correlation of 0.86 means they have usually moved in the same direction. STEZX charges 0.71%/yr vs 1.02%/yr for FAOSX.
Performance
STEZX vs. FAOSX - Performance Comparison
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Returns By Period
STEZX
- 1D
- 3.57%
- 1M
- -1.41%
- 6M
- 8.02%
- YTD
- 16.79%
- 1Y
- 35.69%
- 3Y*
- 24.09%
- 5Y*
- 12.27%
- 10Y*
- 10.40%
- ALL TIME*
- 10.26%
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%
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 |
STEZX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STEZX AB International Strategic Equities Portfolio | 16.79% | 43.11% | 12.75% | 13.56% | -17.62% | 10.32% | 4.38% | 19.93% | -14.94% | 23.05% |
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 STEZX and FAOSX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.86 |
Over the past year, the correlation between STEZX and FAOSX has dropped to 0.41 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
STEZX vs. FAOSX — Risk / Return Rank
STEZX
FAOSX
STEZX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB International Strategic Equities Portfolio (STEZX) 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.
| STEZX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.93 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | -0.32 | +3.19 |
| Martin ratioReturn relative to average drawdown | 10.49 | -0.48 | +10.97 |
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Drawdowns
STEZX vs. FAOSX - Drawdown Comparison
The maximum STEZX drawdown since its inception was -36.51%, roughly equal to the maximum FAOSX drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for STEZX and FAOSX.
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Drawdown Indicators
| STEZX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.51% | -36.24% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -7.26% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.01% | -13.96% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -36.24% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.51% | — | — |
Current DrawdownCurrent decline from peak | -5.32% | -5.86% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -7.90% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.48% | -1.20% |
Volatility
STEZX vs. FAOSX - Volatility Comparison
AB International Strategic Equities Portfolio (STEZX) has a higher volatility of 7.32% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that STEZX'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.
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Volatility by Period
| STEZX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 0.00% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 0.00% | +17.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 7.68% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 16.65% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 16.56% | -0.23% |
STEZX vs. FAOSX - Expense Ratio Comparison
STEZX has a 0.71% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
STEZX vs. FAOSX - Dividend Comparison
STEZX's dividend yield for the trailing twelve months is around 10.75%, more than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
STEZX AB International Strategic Equities Portfolio | 10.75% | 12.56% | 2.45% | 3.08% | 4.12% | 5.96% | 1.29% | 2.05% | 3.23% | 2.92% | 1.72% |
Frequently Asked Questions
STEZX and FAOSX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STEZX has higher volatility (7.32%) compared to FAOSX (0.00%). In terms of maximum drawdown, STEZX dropped -36.51% vs FAOSX's -36.24%.
STEZX currently has the higher Sharpe Ratio (1.79 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.
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