TBCUX vs. FAOIX
TBCUX (Tweedy, Browne International Value Fund II - Currency Unhedged) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, TBCUX returned 7.37%/yr vs 7.58%/yr for FAOIX. A 0.78 correlation means they provide meaningful diversification when combined. TBCUX charges 1.39%/yr vs 1.12%/yr for FAOIX.
Performance
TBCUX vs. FAOIX - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with TBCUX having a 7.37% annualized return and FAOIX not far ahead at 7.58%.
TBCUX
- 1D
- -0.28%
- 1M
- 0.11%
- YTD
- 9.02%
- 6M
- 9.15%
- 1Y
- 16.59%
- 3Y*
- 12.60%
- 5Y*
- 6.94%
- 10Y*
- 7.37%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.58%
- 3Y*
- 7.90%
- 5Y*
- 3.78%
- 10Y*
- 7.58%
TBCUX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBCUX Tweedy, Browne International Value Fund II - Currency Unhedged | 9.02% | 26.69% | -2.49% | 12.70% | -8.18% | 10.77% | -0.02% | 13.68% | -9.00% | 21.61% |
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 TBCUX and FAOIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.78 |
Over the past year, the correlation between TBCUX and FAOIX has dropped to 0.35 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
TBCUX vs. FAOIX — Risk / Return Rank
TBCUX
FAOIX
TBCUX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Value Fund II - Currency Unhedged (TBCUX) 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.
| TBCUX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | -0.06 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.46 | -0.10 | +4.56 |
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Drawdowns
TBCUX vs. FAOIX - Drawdown Comparison
The maximum TBCUX drawdown since its inception was -35.99%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for TBCUX and FAOIX.
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Drawdown Indicators
| TBCUX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -59.86% | +23.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -7.28% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.89% | -13.98% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -36.33% | +12.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -36.33% | +0.34% |
Current DrawdownCurrent decline from peak | -3.71% | -5.85% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -14.19% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 4.13% | -0.43% |
Volatility
TBCUX vs. FAOIX - Volatility Comparison
Tweedy, Browne International Value Fund II - Currency Unhedged (TBCUX) has a higher volatility of 3.27% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that TBCUX'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
| TBCUX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.00% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 3.63% | +6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 8.78% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 16.72% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 16.65% | -2.81% |
TBCUX vs. FAOIX - Expense Ratio Comparison
TBCUX has a 1.39% expense ratio, which is higher than FAOIX's 1.12% expense ratio.
Dividends
TBCUX vs. FAOIX - Dividend Comparison
TBCUX's dividend yield for the trailing twelve months is around 7.48%, 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% |
TBCUX Tweedy, Browne International Value Fund II - Currency Unhedged | 7.48% | 8.16% | 18.90% | 1.76% | 1.69% | 1.03% | 0.92% | 2.17% | 1.38% | 1.23% | 1.54% | 1.48% |
Frequently Asked Questions
TBCUX and FAOIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBCUX has higher volatility (3.27%) compared to FAOIX (0.00%). In terms of maximum drawdown, TBCUX dropped -35.99% vs FAOIX's -59.86%.
TBCUX currently has the higher Sharpe Ratio (1.38 vs -0.05), 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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