VAGVX vs. FAOIX

Last updated Aug 5, 2026

VAGVX (Vanguard Advice Select Global Value Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 3 years, VAGVX returned 16.74%/yr vs 8.91%/yr for FAOIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. VAGVX charges 0.40%/yr vs 1.12%/yr for FAOIX.

Performance

VAGVX vs. FAOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Advice Select Global Value Fund (VAGVX) and Fidelity Advisor Overseas Fund Class I (FAOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VAGVX

• 1D: 1.29%
• 1M: 2.56%
• 6M: 10.27%
• YTD: 14.18%
• 1Y: 28.95%
• 3Y*: 16.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.85%

FAOIX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -1.79%
• 3Y*: 8.91%
• 5Y*: 2.49%
• 10Y*: 7.64%
• ALL TIME*: 5.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAOIX Fidelity Advisor Overseas Fund Class I	$0.00	$0.00	$0.00
VAGVX Vanguard Advice Select Global Value Fund	$0.00	$0.00	$0.00

VAGVX vs. FAOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VAGVX Vanguard Advice Select Global Value Fund	14.18%	24.78%	8.69%	12.39%	-5.95%	-0.55%
FAOIX Fidelity Advisor Overseas Fund Class I	0.00%	15.25%	4.92%	20.35%	-24.38%	-1.00%

Correlation

The correlation between VAGVX and FAOIX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.77

Over the past year, the correlation between VAGVX and FAOIX has dropped to 0.42 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

VAGVX vs. FAOIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VAGVX

VAGVX Risk / Return Rank: 87
VAGVX Sharpe Ratio Rank: 90
VAGVX Sortino Ratio Rank: 86
VAGVX Omega Ratio Rank: 82
VAGVX Calmar Ratio Rank: 86
VAGVX Martin Ratio Rank: 90

FAOIX

FAOIX Risk / Return Rank: 3
FAOIX Sharpe Ratio Rank: 3
FAOIX Sortino Ratio Rank: 3
FAOIX Omega Ratio Rank: 3
FAOIX Calmar Ratio Rank: 3
FAOIX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VAGVX vs. FAOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Advice Select Global Value Fund (VAGVX) 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.

	VAGVX	FAOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	-0.04	+2.31
Sortino ratio: Return per unit of downside risk	3.13	-0.00	+3.14
Omega ratio: Gain probability vs. loss probability	1.40	1.00	+0.40
Calmar ratio: Return relative to maximum drawdown	3.16	-0.04	+3.20
Martin ratio: Return relative to average drawdown	12.98	-0.06	+13.04

VAGVX vs. FAOIX - Sharpe Ratio Comparison

The current VAGVX Sharpe Ratio is 2.27, which is higher than the FAOIX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of VAGVX and FAOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VAGVX vs. FAOIX - Drawdown Comparison

The maximum VAGVX drawdown since its inception was -20.54%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for VAGVX and FAOIX.

Drawdown Indicators

	VAGVX	FAOIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.54%	-59.86%	+39.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-7.28%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.23%	-13.98%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.33%	—
Current Drawdown Current decline from peak	0.00%	-5.85%	+5.85%
Average Drawdown Average peak-to-trough decline	-3.99%	-14.16%	+10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	4.51%	-2.15%

Volatility

VAGVX vs. FAOIX - Volatility Comparison

Vanguard Advice Select Global Value Fund (VAGVX) has a higher volatility of 3.52% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that VAGVX'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.

Volatility by Period

	VAGVX	FAOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	0.00%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	0.00%	+10.67%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	7.54%	+6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.49%	16.67%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	16.29%	-0.80%

VAGVX vs. FAOIX - Expense Ratio Comparison

VAGVX has a 0.40% expense ratio, which is lower than FAOIX's 1.12% expense ratio.

Dividends

VAGVX vs. FAOIX - Dividend Comparison

VAGVX's dividend yield for the trailing twelve months is around 6.62%, less 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%
VAGVX Vanguard Advice Select Global Value Fund	6.62%	7.56%	7.49%	1.41%	0.65%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAGVX and FAOIX in my portfolio?

VAGVX and FAOIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VAGVX or FAOIX?

VAGVX has higher volatility (3.52%) compared to FAOIX (0.00%). In terms of maximum drawdown, VAGVX dropped -20.54% vs FAOIX's -59.86%.

Which has better risk-adjusted returns?

VAGVX currently has the higher Sharpe Ratio (2.27 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.