THOIX vs. FAOSX
THOIX (Thornburg Global Opportunities Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, THOIX returned 14.02%/yr vs 2.60%/yr for FAOSX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. THOIX charges 0.99%/yr vs 1.02%/yr for FAOSX.
Performance
THOIX vs. FAOSX - Performance Comparison
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Returns By Period
THOIX
- 1D
- 0.24%
- 1M
- 4.20%
- 6M
- 5.49%
- YTD
- 13.88%
- 1Y
- 31.83%
- 3Y*
- 23.47%
- 5Y*
- 14.02%
- 10Y*
- 13.78%
- ALL TIME*
- 10.55%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -1.76%
- 3Y*
- 9.01%
- 5Y*
- 2.60%
- 10Y*
- —
- ALL TIME*
- 8.09%
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 |
THOIX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 13.88% | 41.04% | 13.08% | 16.26% | -10.12% | 14.72% | 22.50% | 28.74% | -20.72% | 17.86% |
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 THOIX and FAOSX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.75 |
Over the past year, the correlation between THOIX and FAOSX has dropped to 0.32 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
THOIX vs. FAOSX — Risk / Return Rank
THOIX
FAOSX
THOIX vs. FAOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Global Opportunities Fund (THOIX) 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.
| THOIX | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.00 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | -0.04 | +3.98 |
| Martin ratioReturn relative to average drawdown | 13.66 | -0.06 | +13.72 |
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Drawdowns
THOIX vs. FAOSX - Drawdown Comparison
The maximum THOIX drawdown since its inception was -64.58%, which is greater than FAOSX's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for THOIX and FAOSX.
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Drawdown Indicators
| THOIX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -36.24% | -28.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -7.26% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -13.96% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -36.24% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -5.86% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -7.90% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 4.51% | -2.03% |
Volatility
THOIX vs. FAOSX - Volatility Comparison
Thornburg Global Opportunities Fund (THOIX) has a higher volatility of 4.09% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that THOIX'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
| THOIX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.00% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 0.00% | +9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 7.53% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 16.65% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 16.56% | +0.79% |
THOIX vs. FAOSX - Expense Ratio Comparison
THOIX has a 0.99% expense ratio, which is lower than FAOSX's 1.02% expense ratio.
Dividends
THOIX vs. FAOSX - Dividend Comparison
THOIX's dividend yield for the trailing twelve months is around 5.64%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
THOIX Thornburg Global Opportunities Fund | 5.64% | 6.42% | 5.70% | 5.70% | 4.00% | 14.39% | 6.70% | 1.47% | 2.65% | 0.67% | 0.82% | 0.59% |
Frequently Asked Questions
THOIX and FAOSX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THOIX has higher volatility (4.09%) compared to FAOSX (0.00%). In terms of maximum drawdown, THOIX dropped -64.58% vs FAOSX's -36.24%.
THOIX currently has the higher Sharpe Ratio (2.82 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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