TGVIX vs. FAOCX
TGVIX (Thornburg International Equity I) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, TGVIX returned 11.32%/yr vs 7.17%/yr for FAOCX. Their correlation of 0.86 suggests significant overlap in exposure. TGVIX charges 0.90%/yr vs 2.25%/yr for FAOCX.
Performance
TGVIX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, TGVIX has outperformed FAOCX with an annualized return of 11.32%, while FAOCX has yielded a comparatively lower 7.17% annualized return.
TGVIX
- 1D
- -1.47%
- 1M
- -1.00%
- YTD
- 9.04%
- 6M
- 9.00%
- 1Y
- 22.26%
- 3Y*
- 20.01%
- 5Y*
- 9.11%
- 10Y*
- 11.32%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -2.34%
- 3Y*
- 8.24%
- 5Y*
- 2.39%
- 10Y*
- 7.17%
TGVIX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGVIX Thornburg International Equity I | 9.04% | 34.20% | 11.60% | 16.01% | -16.74% | 7.59% | 22.64% | 29.09% | -19.85% | 25.52% |
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 TGVIX and FAOCX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2001 | 0.86 |
Over the past year, the correlation between TGVIX and FAOCX has dropped to 0.47 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
TGVIX vs. FAOCX — Risk / Return Rank
TGVIX
FAOCX
TGVIX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity I (TGVIX) 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.
| TGVIX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.98 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | -0.16 | +2.47 |
| Martin ratioReturn relative to average drawdown | 8.10 | -0.26 | +8.36 |
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Drawdowns
TGVIX vs. FAOCX - Drawdown Comparison
The maximum TGVIX drawdown since its inception was -56.19%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for TGVIX and FAOCX.
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Drawdown Indicators
| TGVIX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.19% | -60.45% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -7.33% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.03% | -14.05% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -36.96% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -36.96% | -2.50% |
Current DrawdownCurrent decline from peak | -2.90% | -5.90% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -15.61% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 4.19% | -1.25% |
Volatility
TGVIX vs. FAOCX - Volatility Comparison
Thornburg International Equity I (TGVIX) has a higher volatility of 3.96% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that TGVIX'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
| TGVIX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 0.00% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 3.64% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 8.75% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 16.71% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 16.37% | +0.14% |
TGVIX vs. FAOCX - Expense Ratio Comparison
TGVIX has a 0.90% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
TGVIX vs. FAOCX - Dividend Comparison
TGVIX's dividend yield for the trailing twelve months is around 3.36%, 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% |
TGVIX Thornburg International Equity I | 3.36% | 3.67% | 6.91% | 2.37% | 2.01% | 14.20% | 3.11% | 6.36% | 1.76% | 17.06% | 1.90% | 18.62% |
Frequently Asked Questions
TGVIX and FAOCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGVIX has higher volatility (3.96%) compared to FAOCX (0.00%). In terms of maximum drawdown, TGVIX dropped -56.19% vs FAOCX's -60.45%.
TGVIX currently has the higher Sharpe Ratio (1.88 vs -0.13), 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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