VEITX vs. FAERX
VEITX (VELA International Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 5 years, VEITX returned 8.23%/yr vs 2.78%/yr for FAERX. A 0.77 correlation means they provide meaningful diversification when combined. VEITX charges 1.20%/yr vs 1.65%/yr for FAERX.
Performance
VEITX vs. FAERX - Performance Comparison
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Returns By Period
VEITX
- 1D
- 0.49%
- 1M
- -0.21%
- 6M
- 3.47%
- YTD
- 5.25%
- 1Y
- 15.50%
- 3Y*
- 14.26%
- 5Y*
- 8.23%
- 10Y*
- —
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.12%
- 3Y*
- 8.79%
- 5Y*
- 2.78%
- 10Y*
- 7.40%
VEITX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VEITX VELA International Fund | 5.25% | 31.00% | 3.91% | 15.92% | -6.88% | 7.33% | 22.42% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 16.76% |
Correlation
The correlation between VEITX and FAERX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.77 |
Over the past year, the correlation between VEITX and FAERX has dropped to 0.42 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
VEITX vs. FAERX — Risk / Return Rank
VEITX
FAERX
VEITX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA International Fund (VEITX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| VEITX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.87 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.71 | +2.06 |
| Martin ratioReturn relative to average drawdown | 4.80 | -1.11 | +5.91 |
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Drawdowns
VEITX vs. FAERX - Drawdown Comparison
The maximum VEITX drawdown since its inception was -27.99%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for VEITX and FAERX.
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Drawdown Indicators
| VEITX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.99% | -60.14% | +32.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -7.29% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -14.00% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -36.62% | +11.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.62% | — |
Current DrawdownCurrent decline from peak | -1.72% | -5.89% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -14.35% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 4.32% | -1.20% |
Volatility
VEITX vs. FAERX - Volatility Comparison
VELA International Fund (VEITX) has a higher volatility of 3.92% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that VEITX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEITX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 0.00% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 2.84% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 8.37% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 16.70% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 16.30% | -1.85% |
VEITX vs. FAERX - Expense Ratio Comparison
VEITX has a 1.20% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
VEITX vs. FAERX - Dividend Comparison
VEITX's dividend yield for the trailing twelve months is around 8.21%, more than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
VEITX VELA International Fund | 8.21% | 7.97% | 3.63% | 2.28% | 1.65% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEITX and FAERX 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.
VEITX has higher volatility (3.92%) compared to FAERX (0.00%). In terms of maximum drawdown, VEITX dropped -27.99% vs FAERX's -60.14%.
VEITX currently has the higher Sharpe Ratio (1.15 vs -0.62), 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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