VEITX vs. FAOSX
VEITX (VELA International Fund) and FAOSX (Fidelity Advisor Overseas Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, VEITX returned 9.44%/yr vs 2.86%/yr for FAOSX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. VEITX charges 1.20%/yr vs 1.02%/yr for FAOSX.
Performance
VEITX vs. FAOSX - Performance Comparison
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Returns By Period
VEITX
- 1D
- 1.44%
- 1M
- 4.43%
- 6M
- 6.51%
- YTD
- 9.64%
- 1Y
- 23.86%
- 3Y*
- 14.72%
- 5Y*
- 9.44%
- 10Y*
- —
- ALL TIME*
- 13.93%
FAOSX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.26%
- 3Y*
- 7.96%
- 5Y*
- 2.86%
- 10Y*
- —
- ALL TIME*
- 8.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VEITX vs. FAOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VEITX VELA International Fund | 9.64% | 31.00% | 3.91% | 15.92% | -6.88% | 7.33% | 22.42% |
FAOSX Fidelity Advisor Overseas Fund Class Z | 0.00% | 15.36% | 5.06% | 20.52% | -24.31% | 19.42% | 16.89% |
Correlation
The correlation between VEITX and FAOSX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.76 |
Over the past year, the correlation between VEITX and FAOSX has dropped to 0.36 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
VEITX vs. FAOSX — Risk / Return Rank
VEITX
FAOSX
VEITX vs. FAOSX - 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 Z (FAOSX). 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 | FAOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | -0.32 | +2.42 |
| Martin ratioReturn relative to average drawdown | 7.54 | -0.48 | +8.02 |
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Drawdowns
VEITX vs. FAOSX - Drawdown Comparison
The maximum VEITX drawdown since its inception was -27.99%, smaller than the maximum FAOSX drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for VEITX and FAOSX.
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Drawdown Indicators
| VEITX | FAOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.99% | -36.24% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -7.26% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -13.96% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -36.24% | +11.24% |
Current DrawdownCurrent decline from peak | 0.00% | -5.86% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -7.90% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 4.48% | -1.41% |
Volatility
VEITX vs. FAOSX - Volatility Comparison
VELA International Fund (VEITX) has a higher volatility of 3.72% compared to Fidelity Advisor Overseas Fund Class Z (FAOSX) at 0.00%. This indicates that VEITX's price experiences larger fluctuations and is considered to be riskier than FAOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEITX | FAOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 0.00% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 0.00% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 7.68% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 16.65% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 16.56% | -2.12% |
VEITX vs. FAOSX - Expense Ratio Comparison
VEITX has a 1.20% expense ratio, which is higher than FAOSX's 1.02% expense ratio.
Dividends
VEITX vs. FAOSX - Dividend Comparison
VEITX's dividend yield for the trailing twelve months is around 8.08%, less than FAOSX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAOSX Fidelity Advisor Overseas Fund Class Z | 8.67% | 8.67% | 1.80% | 1.12% | 0.85% | 2.07% | 0.00% | 1.70% | 5.30% | 3.93% |
VEITX VELA International Fund | 8.08% | 7.97% | 3.63% | 2.28% | 1.65% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEITX and FAOSX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEITX has higher volatility (3.72%) compared to FAOSX (0.00%). In terms of maximum drawdown, VEITX dropped -27.99% vs FAOSX's -36.24%.
VEITX currently has the higher Sharpe Ratio (1.78 vs -0.30), 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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