TIIEX vs. FAOIX
TIIEX (TIAA-CREF International Equity Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, TIIEX returned 8.82%/yr vs 7.83%/yr for FAOIX. Their correlation of 0.89 suggests significant overlap in exposure. TIIEX charges 0.46%/yr vs 1.12%/yr for FAOIX.
Performance
TIIEX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, TIIEX has outperformed FAOIX with an annualized return of 8.82%, while FAOIX has yielded a comparatively lower 7.83% annualized return.
TIIEX
- 1D
- 0.65%
- 1M
- 0.29%
- 6M
- 3.90%
- YTD
- 8.39%
- 1Y
- 23.51%
- 3Y*
- 15.42%
- 5Y*
- 8.27%
- 10Y*
- 8.82%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -2.44%
- 3Y*
- 7.67%
- 5Y*
- 3.14%
- 10Y*
- 7.83%
TIIEX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIIEX TIAA-CREF International Equity Fund | 8.39% | 33.20% | 4.00% | 16.91% | -17.33% | 10.81% | 15.81% | 23.20% | -23.48% | 31.49% |
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 TIIEX and FAOIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
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 FAOIX has dropped to 0.48 - 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. FAOIX — Risk / Return Rank
TIIEX
FAOIX
TIIEX vs. FAOIX - 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 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.
| TIIEX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.91 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.47 | +2.30 |
| Martin ratioReturn relative to average drawdown | 6.19 | -0.74 | +6.93 |
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Drawdowns
TIIEX vs. FAOIX - Drawdown Comparison
The maximum TIIEX drawdown since its inception was -64.69%, which is greater than FAOIX's maximum drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for TIIEX and FAOIX.
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Drawdown Indicators
| TIIEX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.69% | -59.86% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -7.28% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -13.98% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.07% | -36.33% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | -36.33% | -5.74% |
Current DrawdownCurrent decline from peak | -1.45% | -5.85% | +4.40% |
Average DrawdownAverage peak-to-trough decline | -20.13% | -14.18% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 4.31% | -0.41% |
Volatility
TIIEX vs. FAOIX - Volatility Comparison
TIAA-CREF International Equity Fund (TIIEX) has a higher volatility of 4.89% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that TIIEX'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
| TIIEX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 0.00% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 2.61% | +12.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 8.28% | +9.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 16.71% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 16.30% | +1.45% |
TIIEX vs. FAOIX - Expense Ratio Comparison
TIIEX has a 0.46% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
TIIEX vs. FAOIX - Dividend Comparison
TIIEX's dividend yield for the trailing twelve months is around 10.81%, more 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% |
TIIEX TIAA-CREF International Equity Fund | 10.81% | 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 FAOIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIIEX has higher volatility (4.89%) compared to FAOIX (0.00%). In terms of maximum drawdown, TIIEX dropped -64.69% vs FAOIX's -59.86%.
TIIEX currently has the higher Sharpe Ratio (1.34 vs -0.41), 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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