FCNSX vs. GIIAX
FCNSX (Fidelity Series Canada Fund) and GIIAX (Nationwide International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FCNSX returned 12.51%/yr vs 8.87%/yr for GIIAX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FCNSX charges 0.00%/yr vs 0.71%/yr for GIIAX.
Performance
FCNSX vs. GIIAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCNSX having a 11.65% return and GIIAX slightly higher at 12.14%.
FCNSX
- 1D
- 0.46%
- 1M
- 4.45%
- 6M
- 11.65%
- YTD
- 11.65%
- 1Y
- 24.21%
- 3Y*
- 17.87%
- 5Y*
- 12.51%
- 10Y*
- —
- ALL TIME*
- 11.89%
GIIAX
- 1D
- 2.95%
- 1M
- 1.95%
- 6M
- 6.79%
- YTD
- 12.14%
- 1Y
- 25.41%
- 3Y*
- 15.66%
- 5Y*
- 8.87%
- 10Y*
- 8.98%
- ALL TIME*
- 4.27%
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 |
FCNSX vs. GIIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNSX Fidelity Series Canada Fund | 11.65% | 28.56% | 9.88% | 15.95% | -6.88% | 28.62% | 4.47% | 27.78% | -15.01% | 10.10% |
GIIAX Nationwide International Index Fund | 12.14% | 31.11% | 3.05% | 16.88% | -14.43% | 10.67% | 7.26% | 21.56% | -14.10% | 6.86% |
Correlation
The correlation between FCNSX and GIIAX is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2017 | 0.76 |
The correlation between FCNSX and GIIAX shifts across timeframes, from 0.58 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCNSX vs. GIIAX — Risk / Return Rank
FCNSX
GIIAX
FCNSX vs. GIIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Canada Fund (FCNSX) and Nationwide International Index Fund (GIIAX). 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.
| FCNSX | GIIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.13 | +0.90 |
| Martin ratioReturn relative to average drawdown | 10.37 | 7.84 | +2.53 |
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Drawdowns
FCNSX vs. GIIAX - Drawdown Comparison
The maximum FCNSX drawdown since its inception was -41.47%, smaller than the maximum GIIAX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for FCNSX and GIIAX.
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Drawdown Indicators
| FCNSX | GIIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.47% | -61.28% | +19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -11.21% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -13.63% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -29.61% | +8.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -15.97% | +10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 3.04% | -0.86% |
Volatility
FCNSX vs. GIIAX - Volatility Comparison
The current volatility for Fidelity Series Canada Fund (FCNSX) is 2.46%, while Nationwide International Index Fund (GIIAX) has a volatility of 4.88%. This indicates that FCNSX experiences smaller price fluctuations and is considered to be less risky than GIIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNSX | GIIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 4.88% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 13.38% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 15.51% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 15.87% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.12% | +2.33% |
FCNSX vs. GIIAX - Expense Ratio Comparison
FCNSX has a 0.00% expense ratio, which is lower than GIIAX's 0.71% expense ratio.
Dividends
FCNSX vs. GIIAX - Dividend Comparison
FCNSX's dividend yield for the trailing twelve months is around 1.84%, less than GIIAX's 6.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNSX Fidelity Series Canada Fund | 1.84% | 2.06% | 3.05% | 3.42% | 3.12% | 2.20% | 2.14% | 2.24% | 2.51% | 1.07% | 0.00% | 0.00% |
GIIAX Nationwide International Index Fund | 6.54% | 7.14% | 3.84% | 2.99% | 1.90% | 3.69% | 1.58% | 4.20% | 6.17% | 6.21% | 2.87% | 3.36% |
Frequently Asked Questions
FCNSX and GIIAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIIAX has higher volatility (4.88%) compared to FCNSX (2.46%). In terms of maximum drawdown, FCNSX dropped -41.47% vs GIIAX's -61.28%.
FCNSX currently has the higher Sharpe Ratio (1.75 vs 1.54), 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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