VTMNX vs. FAOCX
VTMNX (Vanguard Developed Markets Index Fund Institutional Shares) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 10 years, VTMNX returned 11.01%/yr vs 6.48%/yr for FAOCX. Their correlation of 0.92 suggests significant overlap in exposure. VTMNX charges 0.05%/yr vs 2.25%/yr for FAOCX.
Performance
VTMNX vs. FAOCX - Performance Comparison
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Returns By Period
Over the past 10 years, VTMNX has outperformed FAOCX with an annualized return of 11.01%, while FAOCX has yielded a comparatively lower 6.48% annualized return.
VTMNX
- 1D
- 0.04%
- 1M
- 3.10%
- YTD
- 16.59%
- 6M
- 16.36%
- 1Y
- 34.31%
- 3Y*
- 20.63%
- 5Y*
- 10.37%
- 10Y*
- 11.01%
FAOCX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.01%
- 3Y*
- 6.99%
- 5Y*
- 2.79%
- 10Y*
- 6.48%
VTMNX vs. FAOCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMNX Vanguard Developed Markets Index Fund Institutional Shares | 16.59% | 35.16% | 2.99% | 17.82% | -15.36% | 11.40% | 10.26% | 22.13% | -14.51% | 26.45% |
FAOCX Fidelity Advisor Overseas Fund Class C | 0.00% | 14.19% | 3.86% | 19.03% | -25.22% | 17.97% | 13.77% | 26.37% | -15.77% | 28.58% |
Correlation
The correlation between VTMNX and FAOCX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2001 | 0.92 |
Over the past year, the correlation between VTMNX and FAOCX has dropped to 0.54 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
VTMNX vs. FAOCX — Risk / Return Rank
VTMNX
FAOCX
VTMNX vs. FAOCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) and Fidelity Advisor Overseas Fund Class C (FAOCX). 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.
| VTMNX | FAOCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.99 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | -0.13 | +3.16 |
| Martin ratioReturn relative to average drawdown | 11.62 | -0.21 | +11.84 |
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Drawdowns
VTMNX vs. FAOCX - Drawdown Comparison
The maximum VTMNX drawdown since its inception was -60.57%, roughly equal to the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for VTMNX and FAOCX.
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Drawdown Indicators
| VTMNX | FAOCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.57% | -60.45% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -7.33% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -14.05% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -36.96% | +7.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -36.96% | +1.36% |
Current DrawdownCurrent decline from peak | 0.00% | -5.90% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -13.20% | -15.61% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 4.17% | -1.13% |
Volatility
VTMNX vs. FAOCX - Volatility Comparison
Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) has a higher volatility of 6.21% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that VTMNX's price experiences larger fluctuations and is considered to be riskier than FAOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMNX | FAOCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 0.00% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 3.64% | +10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 8.76% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 16.71% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.64% | -0.10% |
VTMNX vs. FAOCX - Expense Ratio Comparison
VTMNX has a 0.05% expense ratio, which is lower than FAOCX's 2.25% expense ratio.
Dividends
VTMNX vs. FAOCX - Dividend Comparison
VTMNX's dividend yield for the trailing twelve months is around 2.51%, less than FAOCX's 8.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOCX Fidelity Advisor Overseas Fund Class C | 8.26% | 8.26% | 0.40% | 0.00% | 0.00% | 2.22% | 0.00% | 0.51% | 3.72% | 3.07% | 0.12% | 0.00% |
VTMNX Vanguard Developed Markets Index Fund Institutional Shares | 2.51% | 3.22% | 3.36% | 3.15% | 2.91% | 3.16% | 2.04% | 3.05% | 3.35% | 2.77% | 3.06% | 2.92% |
Frequently Asked Questions
VTMNX and FAOCX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTMNX has higher volatility (6.21%) compared to FAOCX (0.00%). In terms of maximum drawdown, VTMNX dropped -60.57% vs FAOCX's -60.45%.
VTMNX currently has the higher Sharpe Ratio (2.22 vs -0.11), 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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