FCGEX vs. APSGX
FCGEX (Fiera Capital Global Equity Fund) and APSGX (Fiera Capital Small/Mid-Cap Growth Fund) are both mutual funds - FCGEX is a Global Equities fund managed by Fiera Capital, while APSGX is a Mid Cap Growth Equities fund managed by Fiera Capital. Over the past 5 years, FCGEX returned 6.55%/yr vs 3.15%/yr for APSGX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FCGEX charges 1.15%/yr vs 1.05%/yr for APSGX.
Performance
FCGEX vs. APSGX - Performance Comparison
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Returns By Period
In the year-to-date period, FCGEX achieves a 5.54% return, which is significantly higher than APSGX's 2.84% return.
FCGEX
- 1D
- 2.04%
- 1M
- -1.82%
- 6M
- 3.46%
- YTD
- 5.54%
- 1Y
- 16.99%
- 3Y*
- 11.16%
- 5Y*
- 6.55%
- 10Y*
- —
- ALL TIME*
- 12.02%
APSGX
- 1D
- 0.67%
- 1M
- -2.42%
- 6M
- 3.07%
- YTD
- 2.84%
- 1Y
- 12.09%
- 3Y*
- 6.58%
- 5Y*
- 3.15%
- 10Y*
- 10.86%
- ALL TIME*
- 11.29%
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 |
FCGEX vs. APSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCGEX Fiera Capital Global Equity Fund | 5.54% | 14.88% | 10.62% | 18.80% | -18.68% | 25.48% | 18.80% | 33.58% | -4.16% | 15.62% |
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 2.84% | 5.74% | 4.69% | 26.12% | -23.71% | 17.09% | 44.67% | 31.20% | -10.38% | 14.61% |
Correlation
The correlation between FCGEX and APSGX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.77 |
The correlation between FCGEX and APSGX shifts across timeframes, from 0.66 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCGEX vs. APSGX — Risk / Return Rank
FCGEX
APSGX
FCGEX vs. APSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fiera Capital Global Equity Fund (FCGEX) and Fiera Capital Small/Mid-Cap Growth Fund (APSGX). 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.
| FCGEX | APSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.72 | +0.66 |
| Martin ratioReturn relative to average drawdown | 5.44 | 2.29 | +3.15 |
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Drawdowns
FCGEX vs. APSGX - Drawdown Comparison
The maximum FCGEX drawdown since its inception was -31.87%, smaller than the maximum APSGX drawdown of -35.77%. Use the drawdown chart below to compare losses from any high point for FCGEX and APSGX.
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Drawdown Indicators
| FCGEX | APSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.87% | -35.77% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -13.30% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -28.15% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -33.52% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.77% | — |
Current DrawdownCurrent decline from peak | -1.96% | -3.87% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -7.50% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.18% | -1.32% |
Volatility
FCGEX vs. APSGX - Volatility Comparison
Fiera Capital Global Equity Fund (FCGEX) and Fiera Capital Small/Mid-Cap Growth Fund (APSGX) have volatilities of 3.88% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCGEX | APSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.98% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 13.04% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 17.45% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 22.31% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 22.48% | -5.46% |
FCGEX vs. APSGX - Expense Ratio Comparison
FCGEX has a 1.15% expense ratio, which is higher than APSGX's 1.05% expense ratio.
Dividends
FCGEX vs. APSGX - Dividend Comparison
FCGEX's dividend yield for the trailing twelve months is around 8.08%, more than APSGX's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 2.36% | 2.43% | 2.91% | 2.48% | 16.83% | 11.57% | 21.15% | 11.48% | 28.25% | 0.00% | 0.28% | 1.03% |
FCGEX Fiera Capital Global Equity Fund | 8.08% | 8.52% | 6.38% | 0.40% | 5.67% | 3.20% | 0.51% | 3.69% | 0.89% | 0.10% | 0.00% | 0.00% |
Frequently Asked Questions
FCGEX and APSGX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APSGX has higher volatility (3.98%) compared to FCGEX (3.88%). In terms of maximum drawdown, FCGEX dropped -31.87% vs APSGX's -35.77%.
FCGEX currently has the higher Sharpe Ratio (1.19 vs 0.55), 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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