VFWPX vs. FAOIX
VFWPX (Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, VFWPX returned 10.37%/yr vs 8.29%/yr for FAOIX. Their correlation of 0.91 suggests significant overlap in exposure. VFWPX charges 0.06%/yr vs 1.12%/yr for FAOIX.
Performance
VFWPX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, VFWPX has outperformed FAOIX with an annualized return of 10.37%, while FAOIX has yielded a comparatively lower 8.29% annualized return.
VFWPX
- 1D
- 0.01%
- 1M
- -1.19%
- YTD
- 12.84%
- 6M
- 12.72%
- 1Y
- 28.46%
- 3Y*
- 19.13%
- 5Y*
- 8.51%
- 10Y*
- 10.37%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.61%
- 3Y*
- 9.16%
- 5Y*
- 3.32%
- 10Y*
- 8.29%
VFWPX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares | 12.84% | 32.40% | 5.48% | 15.63% | -15.47% | 8.13% | 11.40% | 21.59% | -13.95% | 27.28% |
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 VFWPX and FAOIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010 | 0.91 |
Over the past year, the correlation between VFWPX and FAOIX has dropped to 0.50 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
VFWPX vs. FAOIX — Risk / Return Rank
VFWPX
FAOIX
VFWPX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) 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.
| VFWPX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.30 | +2.79 |
| Martin ratioReturn relative to average drawdown | 9.61 | -0.50 | +10.11 |
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Drawdowns
VFWPX vs. FAOIX - Drawdown Comparison
The maximum VFWPX drawdown since its inception was -34.85%, smaller than the maximum FAOIX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for VFWPX and FAOIX.
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Drawdown Indicators
| VFWPX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.85% | -59.86% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -7.28% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -13.98% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.16% | -36.33% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -36.33% | +1.48% |
Current DrawdownCurrent decline from peak | -3.04% | -5.85% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -14.19% | +6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 4.16% | -1.23% |
Volatility
VFWPX vs. FAOIX - Volatility Comparison
Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) has a higher volatility of 6.93% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that VFWPX'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
| VFWPX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 0.00% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 3.51% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 8.72% | +6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 16.72% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 16.38% | -0.41% |
VFWPX vs. FAOIX - Expense Ratio Comparison
VFWPX has a 0.06% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
VFWPX vs. FAOIX - Dividend Comparison
VFWPX's dividend yield for the trailing twelve months is around 2.58%, 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% |
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares | 2.58% | 3.10% | 3.26% | 3.33% | 3.12% | 3.08% | 2.01% | 3.12% | 3.30% | 2.70% | 3.00% | 2.99% |
Frequently Asked Questions
VFWPX and FAOIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFWPX has higher volatility (6.93%) compared to FAOIX (0.00%). In terms of maximum drawdown, VFWPX dropped -34.85% vs FAOIX's -59.86%.
VFWPX currently has the higher Sharpe Ratio (1.82 vs -0.26), 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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