TIIEX vs. FAOCX
TIIEX (TIAA-CREF International Equity Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, TIIEX returned 8.79%/yr vs 6.82%/yr for FAOCX. Their correlation of 0.89 suggests significant overlap in exposure. TIIEX charges 0.46%/yr vs 2.25%/yr for FAOCX.
Performance
TIIEX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, TIIEX has outperformed FAOCX with an annualized return of 8.79%, while FAOCX has yielded a comparatively lower 6.82% annualized return.
TIIEX
- 1D
- 0.30%
- 1M
- 0.83%
- 6M
- 3.66%
- YTD
- 7.95%
- 1Y
- 21.98%
- 3Y*
- 16.46%
- 5Y*
- 7.75%
- 10Y*
- 8.79%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.31%
- 3Y*
- 8.34%
- 5Y*
- 2.28%
- 10Y*
- 6.82%
TIIEX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIIEX TIAA-CREF International Equity Fund | 7.95% | 33.20% | 4.00% | 16.91% | -17.33% | 10.81% | 15.81% | 23.20% | -23.48% | 31.49% |
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 TIIEX and FAOCX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 1999 | 0.89 |
Over the past year, the correlation between TIIEX and FAOCX has dropped to 0.49 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
TIIEX vs. FAOCX — Risk / Return Rank
TIIEX
FAOCX
TIIEX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Equity Fund (TIIEX) 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.
| TIIEX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.73 | +2.31 |
| Martin ratioReturn relative to average drawdown | 5.33 | -1.15 | +6.49 |
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Drawdowns
TIIEX vs. FAOCX - Drawdown Comparison
The maximum TIIEX drawdown since its inception was -64.69%, which is greater than FAOCX's maximum drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for TIIEX and FAOCX.
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Drawdown Indicators
| TIIEX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.69% | -60.45% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -7.33% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -14.05% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.07% | -36.96% | +4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | -36.96% | -5.11% |
Current DrawdownCurrent decline from peak | -1.85% | -5.90% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -15.60% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 4.34% | -0.44% |
Volatility
TIIEX vs. FAOCX - Volatility Comparison
TIAA-CREF International Equity Fund (TIIEX) has a higher volatility of 6.09% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that TIIEX'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
| TIIEX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 0.00% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 2.85% | +12.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 8.34% | +9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 16.69% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 16.29% | +1.45% |
TIIEX vs. FAOCX - Expense Ratio Comparison
TIIEX has a 0.46% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
TIIEX vs. FAOCX - Dividend Comparison
TIIEX's dividend yield for the trailing twelve months is around 10.86%, more 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% |
TIIEX TIAA-CREF International Equity Fund | 10.86% | 11.72% | 2.56% | 2.66% | 2.22% | 2.84% | 1.21% | 1.67% | 7.72% | 1.29% | 1.51% | 1.28% |
Frequently Asked Questions
TIIEX and FAOCX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIIEX has higher volatility (6.09%) compared to FAOCX (0.00%). In terms of maximum drawdown, TIIEX dropped -64.69% vs FAOCX's -60.45%.
TIIEX currently has the higher Sharpe Ratio (1.16 vs -0.65), 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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