FACNX vs. PRCNX

Last updated Jun 25, 2026

FACNX (Fidelity Advisor Canada Fund Class A) and PRCNX (T. Rowe Price International Disciplined Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FACNX returned 10.11%/yr vs 8.18%/yr for PRCNX. A 0.72 correlation means they provide meaningful diversification when combined. FACNX charges 1.12%/yr vs 0.88%/yr for PRCNX.

Performance

FACNX vs. PRCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Canada Fund Class A (FACNX) and T. Rowe Price International Disciplined Equity Fund (PRCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FACNX having a 4.48% return and PRCNX slightly higher at 4.49%. Over the past 10 years, FACNX has outperformed PRCNX with an annualized return of 10.11%, while PRCNX has yielded a comparatively lower 8.18% annualized return.

FACNX

• 1D: 0.11%
• 1M: -1.74%
• YTD: 4.48%
• 6M: 3.60%
• 1Y: 13.70%
• 3Y*: 15.92%
• 5Y*: 9.90%
• 10Y*: 10.11%

PRCNX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 4.49%
• 6M: 4.63%
• 1Y: 14.85%
• 3Y*: 12.67%
• 5Y*: 6.44%
• 10Y*: 8.18%

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

FACNX vs. PRCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FACNX Fidelity Advisor Canada Fund Class A	4.48%	25.49%	8.83%	14.33%	-6.44%	26.44%	4.11%	25.42%	-14.59%	12.81%
PRCNX T. Rowe Price International Disciplined Equity Fund	4.49%	27.91%	1.64%	16.90%	-10.61%	5.19%	4.39%	24.53%	-10.69%	19.41%

Correlation

The correlation between FACNX and PRCNX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 25, 2014	0.72

The correlation between FACNX and PRCNX shifts across timeframes, from 0.54 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FACNX vs. PRCNX — Risk / Return Rank

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

FACNX

FACNX Risk / Return Rank: 24
FACNX Sharpe Ratio Rank: 21
FACNX Sortino Ratio Rank: 19
FACNX Omega Ratio Rank: 19
FACNX Calmar Ratio Rank: 32
FACNX Martin Ratio Rank: 30

PRCNX

PRCNX Risk / Return Rank: 23
PRCNX Sharpe Ratio Rank: 25
PRCNX Sortino Ratio Rank: 24
PRCNX Omega Ratio Rank: 31
PRCNX Calmar Ratio Rank: 17
PRCNX Martin Ratio Rank: 18

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.

FACNX vs. PRCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Canada Fund Class A (FACNX) and T. Rowe Price International Disciplined Equity Fund (PRCNX). 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.

	FACNX	PRCNX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.24	-0.13
Sortino ratio: Return per unit of downside risk	1.55	1.76	-0.21
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.88	1.26	+0.62
Martin ratio: Return relative to average drawdown	6.03	4.03	+2.01

FACNX vs. PRCNX - Sharpe Ratio Comparison

The current FACNX Sharpe Ratio is 1.11, which is comparable to the PRCNX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FACNX and PRCNX, 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

FACNX vs. PRCNX - Drawdown Comparison

The maximum FACNX drawdown since its inception was -58.18%, which is greater than PRCNX's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for FACNX and PRCNX.

Drawdown Indicators

	FACNX	PRCNX	Difference
Max Drawdown Largest peak-to-trough decline	-58.18%	-32.32%	-25.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-12.83%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-13.39%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-27.96%	+6.84%
Max Drawdown (10Y) Largest decline over 10 years	-39.88%	-32.32%	-7.56%
Current Drawdown Current decline from peak	-3.69%	-4.65%	+0.96%
Average Drawdown Average peak-to-trough decline	-12.13%	-6.16%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	4.01%	-1.64%

Volatility

FACNX vs. PRCNX - Volatility Comparison

Fidelity Advisor Canada Fund Class A (FACNX) has a higher volatility of 3.98% compared to T. Rowe Price International Disciplined Equity Fund (PRCNX) at 0.00%. This indicates that FACNX's price experiences larger fluctuations and is considered to be riskier than PRCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FACNX	PRCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.00%	+3.98%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	9.88%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	13.05%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	14.72%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	14.90%	+2.50%

FACNX vs. PRCNX - Expense Ratio Comparison

FACNX has a 1.12% expense ratio, which is higher than PRCNX's 0.88% expense ratio.

Dividends

FACNX vs. PRCNX - Dividend Comparison

FACNX's dividend yield for the trailing twelve months is around 5.18%, less than PRCNX's 29.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FACNX Fidelity Advisor Canada Fund Class A	5.18%	5.41%	7.14%	3.06%	3.79%	4.86%	2.28%	4.13%	6.91%	0.89%	1.31%	0.15%
PRCNX T. Rowe Price International Disciplined Equity Fund	29.59%	14.08%	4.36%	3.16%	3.50%	14.31%	2.64%	5.28%	4.00%	3.57%	1.63%	2.45%

Frequently Asked Questions

Can I hold both FACNX and PRCNX in my portfolio?

FACNX and PRCNX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FACNX or PRCNX?

FACNX has higher volatility (3.98%) compared to PRCNX (0.00%). In terms of maximum drawdown, FACNX dropped -58.18% vs PRCNX's -32.32%.

Which has better risk-adjusted returns?

PRCNX currently has the higher Sharpe Ratio (1.24 vs 1.11), 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.