WFEAX vs. FAERX
WFEAX (Allspring International Equity Fund) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, WFEAX returned 7.49%/yr vs 7.12%/yr for FAERX. Their correlation of 0.87 means they have usually moved in the same direction. WFEAX charges 1.13%/yr vs 1.65%/yr for FAERX.
Performance
WFEAX vs. FAERX - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with WFEAX having a 7.49% annualized return and FAERX not far behind at 7.12%.
WFEAX
- 1D
- 2.46%
- 1M
- 1.42%
- 6M
- 9.30%
- YTD
- 13.20%
- 1Y
- 26.60%
- 3Y*
- 14.50%
- 5Y*
- 8.26%
- 10Y*
- 7.49%
- ALL TIME*
- 4.43%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.42%
- 3Y*
- 7.43%
- 5Y*
- 2.30%
- 10Y*
- 7.12%
- ALL TIME*
- 5.57%
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 |
WFEAX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFEAX Allspring International Equity Fund | 13.20% | 30.47% | 0.07% | 15.57% | -11.56% | 5.80% | 4.51% | 15.00% | -17.18% | 24.08% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -15.25% | 29.37% |
Correlation
The correlation between WFEAX and FAERX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.87 |
Over the past year, the correlation between WFEAX and FAERX has dropped to 0.44 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
WFEAX vs. FAERX — Risk / Return Rank
WFEAX
FAERX
WFEAX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring International Equity Fund (WFEAX) and Fidelity Advisor Overseas Fund Class M (FAERX). 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.
| WFEAX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.93 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | -0.35 | +2.19 |
| Martin ratioReturn relative to average drawdown | 7.03 | -0.53 | +7.56 |
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Drawdowns
WFEAX vs. FAERX - Drawdown Comparison
The maximum WFEAX drawdown since its inception was -60.66%, roughly equal to the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for WFEAX and FAERX.
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Drawdown Indicators
| WFEAX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.66% | -60.14% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -7.29% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -14.00% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -36.62% | +7.81% |
Max Drawdown (10Y)Largest decline over 10 years | -46.36% | -36.62% | -9.74% |
Current DrawdownCurrent decline from peak | 0.00% | -5.89% | +5.89% |
Average DrawdownAverage peak-to-trough decline | -18.51% | -14.34% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 4.51% | -1.21% |
Volatility
WFEAX vs. FAERX - Volatility Comparison
Allspring International Equity Fund (WFEAX) has a higher volatility of 4.41% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that WFEAX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFEAX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.00% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 0.00% | +13.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 7.69% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 16.66% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 16.28% | +0.22% |
WFEAX vs. FAERX - Expense Ratio Comparison
WFEAX has a 1.13% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
WFEAX vs. FAERX - Dividend Comparison
WFEAX's dividend yield for the trailing twelve months is around 1.68%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
WFEAX Allspring International Equity Fund | 1.68% | 1.73% | 2.47% | 1.95% | 2.24% | 1.61% | 0.68% | 2.11% | 3.37% | 3.34% | 2.95% | 1.29% |
Frequently Asked Questions
WFEAX and FAERX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFEAX has higher volatility (4.41%) compared to FAERX (0.00%). In terms of maximum drawdown, WFEAX dropped -60.66% vs FAERX's -60.14%.
WFEAX currently has the higher Sharpe Ratio (1.46 vs -0.33), 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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