VZICX vs. FAOCX

Last updated Jun 25, 2026

VZICX (Vanguard International Core Stock Fund Admiral Shares) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 5 years, VZICX returned 11.61%/yr vs 2.39%/yr for FAOCX. Their correlation of 0.83 suggests significant overlap in exposure. VZICX charges 0.35%/yr vs 2.25%/yr for FAOCX.

Performance

VZICX vs. FAOCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Core Stock Fund Admiral Shares (VZICX) and Fidelity Advisor Overseas Fund Class C (FAOCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VZICX

• 1D: -3.18%
• 1M: 0.66%
• YTD: 12.46%
• 6M: 12.36%
• 1Y: 30.64%
• 3Y*: 22.47%
• 5Y*: 11.61%
• 10Y*: —

FAOCX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: -2.34%
• 3Y*: 8.24%
• 5Y*: 2.39%
• 10Y*: 7.17%

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

VZICX vs. FAOCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VZICX Vanguard International Core Stock Fund Admiral Shares	12.46%	38.55%	8.74%	14.35%	-10.62%	11.85%	9.23%	7.37%
FAOCX Fidelity Advisor Overseas Fund Class C	0.00%	14.19%	3.86%	19.03%	-25.22%	17.97%	13.77%	8.34%

Correlation

The correlation between VZICX and FAOCX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.83

Over the past year, the correlation between VZICX and FAOCX has dropped to 0.49 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

VZICX vs. FAOCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VZICX

VZICX Risk / Return Rank: 61
VZICX Sharpe Ratio Rank: 59
VZICX Sortino Ratio Rank: 52
VZICX Omega Ratio Rank: 60
VZICX Calmar Ratio Rank: 69
VZICX Martin Ratio Rank: 65

FAOCX

FAOCX Risk / Return Rank: 2
FAOCX Sharpe Ratio Rank: 2
FAOCX Sortino Ratio Rank: 2
FAOCX Omega Ratio Rank: 2
FAOCX Calmar Ratio Rank: 2
FAOCX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VZICX vs. FAOCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Core Stock Fund Admiral Shares (VZICX) 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.

	VZICX	FAOCX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-0.13	+2.20
Sortino ratio: Return per unit of downside risk	2.77	-0.13	+2.89
Omega ratio: Gain probability vs. loss probability	1.39	0.98	+0.41
Calmar ratio: Return relative to maximum drawdown	3.05	-0.16	+3.21
Martin ratio: Return relative to average drawdown	11.79	-0.26	+12.05

VZICX vs. FAOCX - Sharpe Ratio Comparison

The current VZICX Sharpe Ratio is 2.07, which is higher than the FAOCX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of VZICX and FAOCX, 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

VZICX vs. FAOCX - Drawdown Comparison

The maximum VZICX drawdown since its inception was -34.37%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for VZICX and FAOCX.

Drawdown Indicators

	VZICX	FAOCX	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-60.45%	+26.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-7.33%	-3.48%
Max Drawdown (3Y) Largest decline over 3 years	-13.30%	-14.05%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-24.89%	-36.96%	+12.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.96%	—
Current Drawdown Current decline from peak	-3.18%	-5.90%	+2.72%
Average Drawdown Average peak-to-trough decline	-5.67%	-15.61%	+9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	4.19%	-1.40%

Volatility

VZICX vs. FAOCX - Volatility Comparison

Vanguard International Core Stock Fund Admiral Shares (VZICX) has a higher volatility of 7.24% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that VZICX'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.

Volatility by Period

	VZICX	FAOCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	0.00%	+7.24%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	3.64%	+10.17%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	8.75%	+7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.54%	16.71%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	16.37%	+1.66%

VZICX vs. FAOCX - Expense Ratio Comparison

VZICX has a 0.35% expense ratio, which is lower than FAOCX's 2.25% expense ratio.

Dividends

VZICX vs. FAOCX - Dividend Comparison

VZICX's dividend yield for the trailing twelve months is around 3.92%, less than FAOCX's 8.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VZICX Vanguard International Core Stock Fund Admiral Shares	3.92%	4.41%	2.65%	2.20%	2.10%	4.37%	1.89%	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VZICX and FAOCX in my portfolio?

VZICX and FAOCX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VZICX or FAOCX?

VZICX has higher volatility (7.24%) compared to FAOCX (0.00%). In terms of maximum drawdown, VZICX dropped -34.37% vs FAOCX's -60.45%.

Which has better risk-adjusted returns?

VZICX currently has the higher Sharpe Ratio (2.07 vs -0.13), 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.