FCPCX vs. TIVFX
FCPCX (Fidelity Advisor International Capital Appreciation Fund Class C) and TIVFX (American Beacon Tocqueville International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FCPCX returned 9.22%/yr vs 9.61%/yr for TIVFX. A 0.78 correlation means they provide meaningful diversification when combined. FCPCX charges 1.98%/yr vs 1.20%/yr for TIVFX.
Performance
FCPCX vs. TIVFX - Performance Comparison
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Returns By Period
In the year-to-date period, FCPCX achieves a 9.71% return, which is significantly lower than TIVFX's 35.17% return. Both investments have delivered pretty close results over the past 10 years, with FCPCX having a 9.22% annualized return and TIVFX not far ahead at 9.61%.
FCPCX
- 1D
- 1.09%
- 1M
- 5.79%
- YTD
- 9.71%
- 6M
- 12.08%
- 1Y
- 12.69%
- 3Y*
- 14.69%
- 5Y*
- 6.16%
- 10Y*
- 9.22%
TIVFX
- 1D
- 0.11%
- 1M
- 3.80%
- YTD
- 35.17%
- 6M
- 39.21%
- 1Y
- 66.10%
- 3Y*
- 26.48%
- 5Y*
- 11.10%
- 10Y*
- 9.61%
FCPCX vs. TIVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPCX Fidelity Advisor International Capital Appreciation Fund Class C | 9.71% | 17.45% | 6.97% | 26.32% | -27.27% | 11.10% | 20.98% | 31.41% | -13.67% | 34.46% |
TIVFX American Beacon Tocqueville International Value Fund | 35.17% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
Correlation
The correlation between FCPCX and TIVFX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 1997 | 0.78 |
The correlation between FCPCX and TIVFX shifts across timeframes, from 0.70 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCPCX vs. TIVFX — Risk / Return Rank
FCPCX
TIVFX
FCPCX vs. TIVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class C (FCPCX) and American Beacon Tocqueville International Value Fund (TIVFX). 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.
| FCPCX | TIVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.61 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 5.75 | -4.90 |
| Martin ratioReturn relative to average drawdown | 3.18 | 21.04 | -17.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCPCX | TIVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 3.64 | -2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.60 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.55 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.40 | -0.07 |
Drawdowns
FCPCX vs. TIVFX - Drawdown Comparison
The maximum FCPCX drawdown since its inception was -68.27%, which is greater than TIVFX's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for FCPCX and TIVFX.
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Drawdown Indicators
| FCPCX | TIVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.27% | -54.21% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -11.69% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -23.99% | +7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -37.83% | -36.31% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -37.83% | -41.51% | +3.68% |
Current DrawdownCurrent decline from peak | 0.00% | -1.91% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -17.08% | -13.38% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 3.19% | +0.70% |
Volatility
FCPCX vs. TIVFX - Volatility Comparison
Fidelity Advisor International Capital Appreciation Fund Class C (FCPCX) and American Beacon Tocqueville International Value Fund (TIVFX) have volatilities of 6.60% and 6.58%, 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
| FCPCX | TIVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 6.58% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 15.06% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 18.47% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 18.61% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 17.62% | +0.43% |
FCPCX vs. TIVFX - Expense Ratio Comparison
FCPCX has a 1.98% expense ratio, which is higher than TIVFX's 1.20% expense ratio.
Dividends
FCPCX vs. TIVFX - Dividend Comparison
FCPCX's dividend yield for the trailing twelve months is around 5.72%, less than TIVFX's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPCX Fidelity Advisor International Capital Appreciation Fund Class C | 5.72% | 6.28% | 0.00% | 0.00% | 0.00% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIVFX American Beacon Tocqueville International Value Fund | 6.53% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
Frequently Asked Questions
FCPCX and TIVFX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCPCX has higher volatility (6.60%) compared to TIVFX (6.58%). In terms of maximum drawdown, FCPCX dropped -68.27% vs TIVFX's -54.21%.
TIVFX currently has the higher Sharpe Ratio (3.64 vs 0.72), 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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