FAPCX vs. PRSIX

Last updated Jun 9, 2026

FAPCX (Fidelity International Capital Appreciation K6 Fund) and PRSIX (T. Rowe Price Spectrum Conservative Allocation Fund) are both mutual funds - FAPCX is a Foreign Large Cap Equities fund managed by Fidelity, while PRSIX is a Diversified Portfolio fund managed by T. Rowe Price. Over the past 5 years, FAPCX returned 6.00%/yr vs 4.47%/yr for PRSIX. Their correlation of 0.87 suggests significant overlap in exposure. FAPCX charges 0.65%/yr vs 0.36%/yr for PRSIX.

Performance

FAPCX vs. PRSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Capital Appreciation K6 Fund (FAPCX) and T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX). 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 FAPCX having a 4.12% return and PRSIX slightly higher at 4.22%.

FAPCX

• 1D: -4.91%
• 1M: -3.29%
• YTD: 4.12%
• 6M: 5.85%
• 1Y: 6.41%
• 3Y*: 13.91%
• 5Y*: 6.00%
• 10Y*: —

PRSIX

• 1D: -1.30%
• 1M: -0.56%
• YTD: 4.22%
• 6M: 4.82%
• 1Y: 12.32%
• 3Y*: 10.45%
• 5Y*: 4.47%
• 10Y*: 6.65%

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

FAPCX vs. PRSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAPCX Fidelity International Capital Appreciation K6 Fund	4.12%	18.82%	8.28%	27.54%	-26.25%	12.43%	22.82%	33.52%	-12.55%	15.61%
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund	4.22%	11.91%	8.53%	11.97%	-13.65%	7.07%	11.70%	16.78%	-3.01%	5.31%

Correlation

The correlation between FAPCX and PRSIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.87

The correlation between FAPCX and PRSIX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

FAPCX vs. PRSIX — Risk / Return Rank

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

FAPCX

FAPCX Risk / Return Rank: 6
FAPCX Sharpe Ratio Rank: 6
FAPCX Sortino Ratio Rank: 6
FAPCX Omega Ratio Rank: 6
FAPCX Calmar Ratio Rank: 6
FAPCX Martin Ratio Rank: 7

PRSIX

PRSIX Risk / Return Rank: 55
PRSIX Sharpe Ratio Rank: 56
PRSIX Sortino Ratio Rank: 55
PRSIX Omega Ratio Rank: 62
PRSIX Calmar Ratio Rank: 47
PRSIX Martin Ratio Rank: 58

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.

FAPCX vs. PRSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Capital Appreciation K6 Fund (FAPCX) and T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX). 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.

	FAPCX	PRSIX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	2.09	-1.71
Sortino ratio: Return per unit of downside risk	0.66	2.95	-2.30
Omega ratio: Gain probability vs. loss probability	1.08	1.41	-0.33
Calmar ratio: Return relative to maximum drawdown	0.48	2.50	-2.02
Martin ratio: Return relative to average drawdown	1.80	11.15	-9.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAPCX vs. PRSIX - Sharpe Ratio Comparison

The current FAPCX Sharpe Ratio is 0.38, which is lower than the PRSIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of FAPCX and PRSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAPCX	PRSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	2.09	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.63	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.86	-0.33

Drawdowns

FAPCX vs. PRSIX - Drawdown Comparison

The maximum FAPCX drawdown since its inception was -37.09%, which is greater than PRSIX's maximum drawdown of -30.00%. Use the drawdown chart below to compare losses from any high point for FAPCX and PRSIX.

Drawdown Indicators

	FAPCX	PRSIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.09%	-30.00%	-7.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.45%	-5.02%	-9.43%
Max Drawdown (3Y) Largest decline over 3 years	-16.28%	-6.80%	-9.48%
Max Drawdown (5Y) Largest decline over 5 years	-37.09%	-18.69%	-18.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.28%	—
Current Drawdown Current decline from peak	-5.41%	-1.49%	-3.92%
Average Drawdown Average peak-to-trough decline	-7.73%	-2.82%	-4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	1.12%	+2.68%

Volatility

FAPCX vs. PRSIX - Volatility Comparison

Fidelity International Capital Appreciation K6 Fund (FAPCX) has a higher volatility of 7.76% compared to T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) at 2.16%. This indicates that FAPCX's price experiences larger fluctuations and is considered to be riskier than PRSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAPCX	PRSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	2.16%	+5.60%
Volatility (6M) Calculated over the trailing 6-month period	15.90%	5.08%	+10.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.93%	6.00%	+11.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	7.07%	+11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	7.42%	+11.23%

FAPCX vs. PRSIX - Expense Ratio Comparison

FAPCX has a 0.65% expense ratio, which is higher than PRSIX's 0.36% expense ratio.

Dividends

FAPCX vs. PRSIX - Dividend Comparison

FAPCX's dividend yield for the trailing twelve months is around 9.10%, more than PRSIX's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAPCX Fidelity International Capital Appreciation K6 Fund	9.10%	9.48%	2.94%	0.42%	0.40%	8.83%	0.41%	0.87%	0.81%	1.95%	0.00%	0.00%
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund	6.95%	7.12%	3.92%	3.78%	5.63%	7.63%	3.77%	5.11%	5.27%	3.43%	2.22%	4.56%

Frequently Asked Questions

Can I hold both FAPCX and PRSIX in my portfolio?

With a correlation of 0.91, FAPCX and PRSIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FAPCX or PRSIX?

FAPCX has higher volatility (7.76%) compared to PRSIX (2.16%). In terms of maximum drawdown, FAPCX dropped -37.09% vs PRSIX's -30.00%.

Which has better risk-adjusted returns?

PRSIX currently has the higher Sharpe Ratio (2.09 vs 0.38), 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.