AVDE vs. FIVFX

Last updated Jun 9, 2026

AVDE (Avantis International Equity ETF) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds. A 0.80 correlation means they provide meaningful diversification when combined. AVDE charges 0.23%/yr vs 1.00%/yr for FIVFX.

Performance

AVDE vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Equity ETF (AVDE) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVDE

• 1D: 0.36%
• 1M: -1.91%
• YTD: 8.71%
• 6M: 11.46%
• 1Y: 25.00%
• 3Y*: 19.31%
• 5Y*: 9.61%
• 10Y*: —

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVDE vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	8.71%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	8.07%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	8.18%

Correlation

The correlation between AVDE and FIVFX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.80

Over the past year, the correlation between AVDE and FIVFX has dropped to 0.24 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

AVDE vs. FIVFX — Risk / Return Rank

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

AVDE

AVDE Risk / Return Rank: 54
AVDE Sharpe Ratio Rank: 56
AVDE Sortino Ratio Rank: 55
AVDE Omega Ratio Rank: 55
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

AVDE vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	AVDE	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.19	—	—
Martin ratio: Return relative to average drawdown	8.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVDE	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	—	—

Drawdowns

Drawdown Indicators

	AVDE	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	—	—
Current Drawdown Current decline from peak	-3.02%	—	—
Average Drawdown Average peak-to-trough decline	-6.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	AVDE	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.92%	—	—

AVDE vs. FIVFX - Expense Ratio Comparison

AVDE has a 0.23% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

AVDE vs. FIVFX - Dividend Comparison

AVDE's dividend yield for the trailing twelve months is around 2.56%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	2.56%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both AVDE and FIVFX in my portfolio?

AVDE and FIVFX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.