ABIYX vs. FIQEX

Last updated Apr 3, 2026

Compare and contrast key facts about AB International Value Fund (ABIYX) and Fidelity Advisor Canada Fund Class Z (FIQEX).

ABIYX is managed by AllianceBernstein. It was launched on Mar 28, 2001. FIQEX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

ABIYX vs. FIQEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB International Value Fund (ABIYX) and Fidelity Advisor Canada Fund Class Z (FIQEX). The values are adjusted to include any dividend payments, if applicable.

ABIYX vs. FIQEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ABIYX AB International Value Fund	2.73%	42.41%	4.89%	15.24%	-10.62%	11.07%	2.22%	16.83%	-13.15%
FIQEX Fidelity Advisor Canada Fund Class Z	2.83%	25.98%	9.25%	14.83%	-6.02%	27.01%	4.61%	26.04%	-9.33%

Returns By Period

The year-to-date returns for both investments are quite close, with ABIYX having a 2.73% return and FIQEX slightly higher at 2.83%.

ABIYX

• 1D: 1.63%
• 1M: -2.59%
• YTD: 2.73%
• 6M: 6.79%
• 1Y: 32.42%
• 3Y*: 17.16%
• 5Y*: 10.46%
• 10Y*: 7.58%

FIQEX

• 1D: 0.20%
• 1M: -3.71%
• YTD: 2.83%
• 6M: 7.91%
• 1Y: 24.36%
• 3Y*: 15.79%
• 5Y*: 11.66%
• 10Y*: —

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

ABIYX vs. FIQEX - Expense Ratio Comparison

ABIYX has a 1.00% expense ratio, which is higher than FIQEX's 0.66% expense ratio.

ABIYX

AB International Value Fund

FIQEX

Fidelity Advisor Canada Fund Class Z

Return for Risk

ABIYX vs. FIQEX — Risk / Return Rank

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

ABIYX

ABIYX Risk / Return Rank: 87
ABIYX Sharpe Ratio Rank: 89
ABIYX Sortino Ratio Rank: 87
ABIYX Omega Ratio Rank: 86
ABIYX Calmar Ratio Rank: 88
ABIYX Martin Ratio Rank: 87

FIQEX

FIQEX Risk / Return Rank: 84
FIQEX Sharpe Ratio Rank: 81
FIQEX Sortino Ratio Rank: 81
FIQEX Omega Ratio Rank: 77
FIQEX Calmar Ratio Rank: 88
FIQEX Martin Ratio Rank: 91

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.

ABIYX vs. FIQEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB International Value Fund (ABIYX) and Fidelity Advisor Canada Fund Class Z (FIQEX). 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.

	ABIYX	FIQEX	Difference
Sharpe ratio Return per unit of total volatility	1.95	1.66	+0.29
Sortino ratio Return per unit of downside risk	2.53	2.28	+0.25
Omega ratio Gain probability vs. loss probability	1.38	1.33	+0.06
Calmar ratio Return relative to maximum drawdown	2.71	2.67	+0.03
Martin ratio Return relative to average drawdown	10.37	11.73	-1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABIYX vs. FIQEX - Sharpe Ratio Comparison

The current ABIYX Sharpe Ratio is 1.95, which is comparable to the FIQEX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of ABIYX and FIQEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ABIYX	FIQEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.66	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.73	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.63	-0.35

Correlation

The correlation between ABIYX and FIQEX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ABIYX vs. FIQEX - Dividend Comparison

ABIYX's dividend yield for the trailing twelve months is around 2.81%, less than FIQEX's 5.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABIYX AB International Value Fund	2.81%	2.88%	10.15%	1.38%	1.39%	2.78%	0.92%	1.31%	0.52%	2.02%	0.34%	1.69%
FIQEX Fidelity Advisor Canada Fund Class Z	5.64%	5.80%	7.84%	3.50%	4.07%	5.32%	2.74%	4.64%	7.61%	0.00%	0.00%	0.00%

Drawdowns

ABIYX vs. FIQEX - Drawdown Comparison

The maximum ABIYX drawdown since its inception was -69.72%, which is greater than FIQEX's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for ABIYX and FIQEX.

Drawdown Indicators

	ABIYX	FIQEX	Difference
Max Drawdown Largest peak-to-trough decline	-69.72%	-39.84%	-29.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-8.34%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-31.49%	-20.97%	-10.52%
Max Drawdown (10Y) Largest decline over 10 years	-49.77%	—	—
Current Drawdown Current decline from peak	-7.86%	-5.26%	-2.60%
Average Drawdown Average peak-to-trough decline	-23.92%	-4.86%	-19.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.31%	+0.87%

Volatility

ABIYX vs. FIQEX - Volatility Comparison

AB International Value Fund (ABIYX) has a higher volatility of 7.19% compared to Fidelity Advisor Canada Fund Class Z (FIQEX) at 4.79%. This indicates that ABIYX's price experiences larger fluctuations and is considered to be riskier than FIQEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABIYX	FIQEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	4.79%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	10.39%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	15.66%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	15.96%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	18.97%	-1.34%