FCIRX vs. EPDIX

Last updated Jun 5, 2026

FCIRX (Fiera Capital International Equity Fund) and EPDIX (EuroPac International Dividend Income Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FCIRX returned 4.26%/yr vs 13.79%/yr for EPDIX. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 1.25% expense ratio.

Performance

FCIRX vs. EPDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiera Capital International Equity Fund (FCIRX) and EuroPac International Dividend Income Fund (EPDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCIRX achieves a 2.80% return, which is significantly lower than EPDIX's 12.80% return.

FCIRX

• 1D: -0.60%
• 1M: 3.27%
• YTD: 2.80%
• 6M: 4.02%
• 1Y: 5.69%
• 3Y*: 7.93%
• 5Y*: 4.26%
• 10Y*: —

EPDIX

• 1D: -1.04%
• 1M: 0.66%
• YTD: 12.80%
• 6M: 16.00%
• 1Y: 43.41%
• 3Y*: 24.26%
• 5Y*: 13.79%
• 10Y*: 10.34%

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

FCIRX vs. EPDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FCIRX Fiera Capital International Equity Fund	2.80%	11.12%	4.39%	19.73%	-19.83%	16.21%	19.19%	30.71%	-8.02%
EPDIX EuroPac International Dividend Income Fund	12.80%	62.35%	0.87%	7.85%	1.53%	8.04%	9.23%	13.33%	-0.15%

Correlation

The correlation between FCIRX and EPDIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.64

The correlation between FCIRX and EPDIX shifts across timeframes, from 0.48 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCIRX vs. EPDIX — Risk / Return Rank

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

FCIRX

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

EPDIX

EPDIX Risk / Return Rank: 85
EPDIX Sharpe Ratio Rank: 93
EPDIX Sortino Ratio Rank: 83
EPDIX Omega Ratio Rank: 84
EPDIX Calmar Ratio Rank: 85
EPDIX Martin Ratio Rank: 81

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.

FCIRX vs. EPDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiera Capital International Equity Fund (FCIRX) and EuroPac International Dividend Income Fund (EPDIX). 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.

	FCIRX	EPDIX	Difference
Sharpe ratio: Return per unit of total volatility	0.46	3.19	-2.72
Sortino ratio: Return per unit of downside risk	0.75	4.00	-3.25
Omega ratio: Gain probability vs. loss probability	1.09	1.57	-0.48
Calmar ratio: Return relative to maximum drawdown	0.51	4.03	-3.52
Martin ratio: Return relative to average drawdown	1.63	15.07	-13.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCIRX vs. EPDIX - Sharpe Ratio Comparison

The current FCIRX Sharpe Ratio is 0.46, which is lower than the EPDIX Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of FCIRX and EPDIX, 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

	FCIRX	EPDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	3.19	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.99	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.49	0.00

Drawdowns

FCIRX vs. EPDIX - Drawdown Comparison

The maximum FCIRX drawdown since its inception was -32.05%, smaller than the maximum EPDIX drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for FCIRX and EPDIX.

Drawdown Indicators

	FCIRX	EPDIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.05%	-38.23%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-10.92%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-13.01%	-3.95%
Max Drawdown (5Y) Largest decline over 5 years	-32.05%	-20.98%	-11.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.84%	—
Current Drawdown Current decline from peak	-1.61%	-3.56%	+1.95%
Average Drawdown Average peak-to-trough decline	-6.88%	-10.78%	+3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.91%	+1.30%

Volatility

FCIRX vs. EPDIX - Volatility Comparison

Fiera Capital International Equity Fund (FCIRX) and EuroPac International Dividend Income Fund (EPDIX) have volatilities of 4.36% and 4.24%, 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.

Volatility by Period

	FCIRX	EPDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.24%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	11.62%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.95%	13.81%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	14.06%	+2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	14.90%	+2.65%

FCIRX vs. EPDIX - Expense Ratio Comparison

Both FCIRX and EPDIX have an expense ratio of 1.25%.

Dividends

FCIRX vs. EPDIX - Dividend Comparison

FCIRX's dividend yield for the trailing twelve months is around 0.86%, less than EPDIX's 6.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPDIX EuroPac International Dividend Income Fund	6.85%	7.71%	4.09%	3.32%	2.81%	2.31%	1.92%	2.68%	3.00%	2.93%	2.47%	3.88%
FCIRX Fiera Capital International Equity Fund	0.86%	0.88%	0.42%	0.40%	0.73%	0.34%	1.82%	0.91%	1.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCIRX and EPDIX in my portfolio?

FCIRX and EPDIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCIRX or EPDIX?

FCIRX has higher volatility (4.36%) compared to EPDIX (4.24%). In terms of maximum drawdown, FCIRX dropped -32.05% vs EPDIX's -38.23%.

Which has better risk-adjusted returns?

EPDIX currently has the higher Sharpe Ratio (3.19 vs 0.46), 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.