FCIRX vs. FSOSX

Last updated Aug 1, 2026

FCIRX (Fiera Capital International Equity Fund) and FSOSX (Fidelity Series Overseas Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FCIRX returned 4.09%/yr vs 5.77%/yr for FSOSX. Their correlation of 0.90 means they have usually moved in the same direction. FCIRX charges 1.25%/yr vs 0.01%/yr for FSOSX.

Performance

FCIRX vs. FSOSX - Performance Comparison

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

Returns By Period

In the year-to-date period, FCIRX achieves a 5.16% return, which is significantly lower than FSOSX's 5.89% return.

FCIRX

• 1D: 2.01%
• 1M: -1.00%
• 6M: 5.28%
• YTD: 5.16%
• 1Y: 14.04%
• 3Y*: 7.75%
• 5Y*: 4.09%
• 10Y*: —
• ALL TIME*: 8.76%

FSOSX

• 1D: 3.74%
• 1M: -1.43%
• 6M: 2.20%
• YTD: 5.89%
• 1Y: 10.65%
• 3Y*: 12.17%
• 5Y*: 5.77%
• 10Y*: —
• ALL TIME*: 9.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCIRX Fiera Capital International Equity Fund	$0.00	$0.00	$0.00
FSOSX Fidelity Series Overseas Fund	$0.00	$0.00	$0.00

FCIRX vs. FSOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCIRX Fiera Capital International Equity Fund	5.16%	11.12%	4.39%	19.73%	-19.83%	16.21%	19.19%	9.90%
FSOSX Fidelity Series Overseas Fund	5.89%	21.29%	5.87%	21.49%	-23.25%	19.59%	16.36%	7.78%

Correlation

The correlation between FCIRX and FSOSX is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.90

The correlation between FCIRX and FSOSX shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCIRX vs. FSOSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCIRX

FCIRX Risk / Return Rank: 21
FCIRX Sharpe Ratio Rank: 22
FCIRX Sortino Ratio Rank: 22
FCIRX Omega Ratio Rank: 21
FCIRX Calmar Ratio Rank: 18
FCIRX Martin Ratio Rank: 22

FSOSX

FSOSX Risk / Return Rank: 14
FSOSX Sharpe Ratio Rank: 12
FSOSX Sortino Ratio Rank: 13
FSOSX Omega Ratio Rank: 13
FSOSX Calmar Ratio Rank: 15
FSOSX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCIRX vs. FSOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiera Capital International Equity Fund (FCIRX) and Fidelity Series Overseas Fund (FSOSX). 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.

	FCIRX	FSOSX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.47	+0.31
Sortino ratio: Return per unit of downside risk	1.17	0.80	+0.38
Omega ratio: Gain probability vs. loss probability	1.14	1.10	+0.05
Calmar ratio: Return relative to maximum drawdown	0.89	0.70	+0.19
Martin ratio: Return relative to average drawdown	3.04	2.38	+0.66

FCIRX vs. FSOSX - Sharpe Ratio Comparison

The current FCIRX Sharpe Ratio is 0.77, which is higher than the FSOSX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of FCIRX and FSOSX, 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

FCIRX vs. FSOSX - Drawdown Comparison

The maximum FCIRX drawdown since its inception was -32.05%, smaller than the maximum FSOSX drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for FCIRX and FSOSX.

Drawdown Indicators

	FCIRX	FSOSX	Difference
Max Drawdown Largest peak-to-trough decline	-32.05%	-35.36%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-12.39%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-14.07%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-32.05%	-35.36%	+3.31%
Current Drawdown Current decline from peak	-1.47%	-3.54%	+2.07%
Average Drawdown Average peak-to-trough decline	-6.78%	-7.67%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	3.64%	+0.32%

Volatility

FCIRX vs. FSOSX - Volatility Comparison

The current volatility for Fiera Capital International Equity Fund (FCIRX) is 4.11%, while Fidelity Series Overseas Fund (FSOSX) has a volatility of 6.20%. This indicates that FCIRX experiences smaller price fluctuations and is considered to be less risky than FSOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCIRX	FSOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	6.20%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	16.57%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	18.60%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	18.06%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	19.15%	-1.61%

FCIRX vs. FSOSX - Expense Ratio Comparison

FCIRX has a 1.25% expense ratio, which is higher than FSOSX's 0.01% expense ratio.

Dividends

FCIRX vs. FSOSX - Dividend Comparison

FCIRX's dividend yield for the trailing twelve months is around 0.84%, less than FSOSX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCIRX Fiera Capital International Equity Fund	0.84%	0.88%	0.42%	0.40%	0.73%	0.34%	1.82%	0.91%	1.11%
FSOSX Fidelity Series Overseas Fund	8.64%	9.15%	2.25%	1.63%	1.80%	2.92%	1.12%	0.37%	0.00%

Frequently Asked Questions

Can I hold both FCIRX and FSOSX in my portfolio?

FCIRX and FSOSX have a correlation of 0.75, 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 FSOSX?

FSOSX has higher volatility (6.20%) compared to FCIRX (4.11%). In terms of maximum drawdown, FCIRX dropped -32.05% vs FSOSX's -35.36%.

Which has better risk-adjusted returns?

FCIRX currently has the higher Sharpe Ratio (0.77 vs 0.47), 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.