TIOIX vs. FAOAX
TIOIX (TIAA-CREF International Opportunities Fund) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, TIOIX returned 8.88%/yr vs 7.69%/yr for FAOAX. Their correlation of 0.88 suggests significant overlap in exposure. TIOIX charges 0.61%/yr vs 1.43%/yr for FAOAX.
Performance
TIOIX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, TIOIX has outperformed FAOAX with an annualized return of 8.88%, while FAOAX has yielded a comparatively lower 7.69% annualized return.
TIOIX
- 1D
- 0.39%
- 1M
- -0.00%
- 6M
- 2.35%
- YTD
- 7.80%
- 1Y
- 16.40%
- 3Y*
- 10.67%
- 5Y*
- 1.62%
- 10Y*
- 8.88%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.05%
- 3Y*
- 8.98%
- 5Y*
- 2.98%
- 10Y*
- 7.69%
TIOIX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIOIX TIAA-CREF International Opportunities Fund | 7.80% | 20.35% | 0.72% | 15.43% | -24.44% | 3.30% | 32.67% | 30.33% | -17.31% | 35.21% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
Correlation
The correlation between TIOIX and FAOAX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
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 Jan 2, 2014 | 0.88 |
Over the past year, the correlation between TIOIX and FAOAX has dropped to 0.45 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
TIOIX vs. FAOAX — Risk / Return Rank
TIOIX
FAOAX
TIOIX vs. FAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF International Opportunities Fund (TIOIX) and Fidelity Advisor Overseas Fund Class A (FAOAX). 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.
| TIOIX | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.87 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.69 | +1.80 |
| Martin ratioReturn relative to average drawdown | 4.04 | -1.09 | +5.14 |
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Drawdowns
TIOIX vs. FAOAX - Drawdown Comparison
The maximum TIOIX drawdown since its inception was -38.26%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for TIOIX and FAOAX.
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Drawdown Indicators
| TIOIX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.26% | -60.03% | +21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -7.29% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -13.99% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.26% | -36.50% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.26% | -36.50% | -1.76% |
Current DrawdownCurrent decline from peak | -2.73% | -5.87% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -14.53% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 4.31% | -0.56% |
Volatility
TIOIX vs. FAOAX - Volatility Comparison
TIAA-CREF International Opportunities Fund (TIOIX) has a higher volatility of 7.94% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that TIOIX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIOIX | FAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 0.00% | +7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 2.84% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 8.35% | +10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 16.69% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 16.30% | +2.08% |
TIOIX vs. FAOAX - Expense Ratio Comparison
TIOIX has a 0.61% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
TIOIX vs. FAOAX - Dividend Comparison
TIOIX's dividend yield for the trailing twelve months is around 6.25%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
TIOIX TIAA-CREF International Opportunities Fund | 6.25% | 6.74% | 1.49% | 1.21% | 1.25% | 8.14% | 2.51% | 1.02% | 1.39% | 1.18% | 1.31% | 1.25% |
Frequently Asked Questions
TIOIX and FAOAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIOIX has higher volatility (7.94%) compared to FAOAX (0.00%). In terms of maximum drawdown, TIOIX dropped -38.26% vs FAOAX's -60.03%.
TIOIX currently has the higher Sharpe Ratio (0.79 vs -0.61), 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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