WAISX vs. FAOCX

Last updated Aug 1, 2026

WAISX (Wasatch International Select Fund) and FAOCX (Fidelity Advisor Overseas Fund Class C) are both Foreign Large Cap Equities funds. Over the past 5 years, WAISX returned -2.84%/yr vs 1.81%/yr for FAOCX. Their correlation of 0.82 means they have usually moved in the same direction. WAISX charges 1.30%/yr vs 2.25%/yr for FAOCX.

Performance

WAISX vs. FAOCX - Performance Comparison

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

Returns By Period

WAISX

• 1D: 2.20%
• 1M: -0.69%
• 6M: -1.59%
• YTD: -0.08%
• 1Y: -8.30%
• 3Y*: 4.46%
• 5Y*: -2.84%
• 10Y*: —
• ALL TIME*: 3.95%

FAOCX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -0.57%
• 3Y*: 7.00%
• 5Y*: 1.81%
• 10Y*: 6.54%
• ALL TIME*: 4.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAOCX Fidelity Advisor Overseas Fund Class C	$0.00	$0.00	$0.00
WAISX Wasatch International Select Fund	$0.00	$0.00	$0.00

WAISX vs. FAOCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WAISX Wasatch International Select Fund	-0.08%	9.03%	1.18%	21.48%	-34.87%	4.99%	27.05%	12.00%
FAOCX Fidelity Advisor Overseas Fund Class C	0.00%	14.19%	3.86%	19.03%	-25.22%	17.97%	13.77%	8.82%

Correlation

The correlation between WAISX and FAOCX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019	0.82

Over the past year, the correlation between WAISX and FAOCX has dropped to 0.37 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

WAISX vs. FAOCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WAISX

WAISX Risk / Return Rank: 1
WAISX Sharpe Ratio Rank: 1
WAISX Sortino Ratio Rank: 1
WAISX Omega Ratio Rank: 1
WAISX Calmar Ratio Rank: 1
WAISX Martin Ratio Rank: 1

FAOCX

FAOCX Risk / Return Rank: 2
FAOCX Sharpe Ratio Rank: 2
FAOCX Sortino Ratio Rank: 2
FAOCX Omega Ratio Rank: 1
FAOCX Calmar Ratio Rank: 2
FAOCX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WAISX vs. FAOCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch International Select Fund (WAISX) 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.

	WAISX	FAOCX	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.36	-0.25
Sortino ratio: Return per unit of downside risk	-0.78	-0.44	-0.34
Omega ratio: Gain probability vs. loss probability	0.91	0.92	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.37	-0.19
Martin ratio: Return relative to average drawdown	-1.04	-0.56	-0.47

WAISX vs. FAOCX - Sharpe Ratio Comparison

The current WAISX Sharpe Ratio is -0.61, which is lower than the FAOCX Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of WAISX 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

WAISX vs. FAOCX - Drawdown Comparison

The maximum WAISX drawdown since its inception was -45.66%, smaller than the maximum FAOCX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for WAISX and FAOCX.

Drawdown Indicators

	WAISX	FAOCX	Difference
Max Drawdown Largest peak-to-trough decline	-45.66%	-60.45%	+14.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.89%	-7.33%	-9.56%
Max Drawdown (3Y) Largest decline over 3 years	-17.73%	-14.05%	-3.68%
Max Drawdown (5Y) Largest decline over 5 years	-45.66%	-36.96%	-8.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.96%	—
Current Drawdown Current decline from peak	-19.82%	-5.90%	-13.92%
Average Drawdown Average peak-to-trough decline	-19.16%	-15.58%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	4.52%	+4.61%

Volatility

WAISX vs. FAOCX - Volatility Comparison

Wasatch International Select Fund (WAISX) has a higher volatility of 4.87% compared to Fidelity Advisor Overseas Fund Class C (FAOCX) at 0.00%. This indicates that WAISX'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

	WAISX	FAOCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	0.00%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	13.21%	0.00%	+13.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	7.67%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	16.66%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	16.28%	+4.73%

WAISX vs. FAOCX - Expense Ratio Comparison

WAISX has a 1.30% expense ratio, which is lower than FAOCX's 2.25% expense ratio.

Dividends

WAISX vs. FAOCX - Dividend Comparison

WAISX has not paid dividends to shareholders, while FAOCX's dividend yield for the trailing twelve months is around 8.26%.

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%
WAISX Wasatch International Select Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAISX and FAOCX in my portfolio?

WAISX and FAOCX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WAISX or FAOCX?

WAISX has higher volatility (4.87%) compared to FAOCX (0.00%). In terms of maximum drawdown, WAISX dropped -45.66% vs FAOCX's -60.45%.

Which has better risk-adjusted returns?

FAOCX currently has the higher Sharpe Ratio (-0.36 vs -0.61), 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.