FCPIX vs. EFG

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) and iShares MSCI EAFE Growth ETF (EFG).

FCPIX is managed by Fidelity. It was launched on Nov 3, 1997. EFG is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Growth Index. It was launched on Aug 1, 2005.

Performance

FCPIX vs. EFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) and iShares MSCI EAFE Growth ETF (EFG). The values are adjusted to include any dividend payments, if applicable.

FCPIX vs. EFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	-8.16%	18.68%	8.02%	27.64%	-26.55%	12.26%	22.23%	32.75%	-12.79%	35.88%
EFG iShares MSCI EAFE Growth ETF	-2.24%	20.70%	1.53%	17.55%	-23.12%	11.01%	17.85%	27.47%	-12.93%	28.86%

Returns By Period

In the year-to-date period, FCPIX achieves a -8.16% return, which is significantly lower than EFG's -2.24% return. Over the past 10 years, FCPIX has outperformed EFG with an annualized return of 8.73%, while EFG has yielded a comparatively lower 7.30% annualized return.

FCPIX

• 1D: -0.51%
• 1M: -13.01%
• YTD: -8.16%
• 6M: -8.47%
• 1Y: 6.49%
• 3Y*: 9.73%
• 5Y*: 4.42%
• 10Y*: 8.73%

EFG

• 1D: 3.45%
• 1M: -9.46%
• YTD: -2.24%
• 6M: -0.65%
• 1Y: 14.25%
• 3Y*: 7.98%
• 5Y*: 3.48%
• 10Y*: 7.30%

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

FCPIX vs. EFG - Expense Ratio Comparison

FCPIX has a 0.97% expense ratio, which is higher than EFG's 0.40% expense ratio.

FCPIX

Fidelity Advisor International Capital Appreciation Fund Class I

EFG

iShares MSCI EAFE Growth ETF

Return for Risk

FCPIX vs. EFG — Risk / Return Rank

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

FCPIX

FCPIX Risk / Return Rank: 12
FCPIX Sharpe Ratio Rank: 12
FCPIX Sortino Ratio Rank: 12
FCPIX Omega Ratio Rank: 12
FCPIX Calmar Ratio Rank: 12
FCPIX Martin Ratio Rank: 13

EFG

EFG Risk / Return Rank: 44
EFG Sharpe Ratio Rank: 44
EFG Sortino Ratio Rank: 45
EFG Omega Ratio Rank: 42
EFG Calmar Ratio Rank: 44
EFG Martin Ratio Rank: 44

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.

FCPIX vs. EFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) and iShares MSCI EAFE Growth ETF (EFG). 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.

	FCPIX	EFG	Difference
Sharpe ratio Return per unit of total volatility	0.29	0.75	-0.47
Sortino ratio Return per unit of downside risk	0.54	1.18	-0.63
Omega ratio Gain probability vs. loss probability	1.07	1.16	-0.08
Calmar ratio Return relative to maximum drawdown	0.29	1.04	-0.75
Martin ratio Return relative to average drawdown	1.15	4.00	-2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCPIX vs. EFG - Sharpe Ratio Comparison

The current FCPIX Sharpe Ratio is 0.29, which is lower than the EFG Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of FCPIX and EFG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCPIX	EFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.75	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.20	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.42	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.27	+0.09

Correlation

The correlation between FCPIX and EFG is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FCPIX vs. EFG - Dividend Comparison

FCPIX's dividend yield for the trailing twelve months is around 5.92%, more than EFG's 2.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	5.92%	5.44%	0.70%	0.36%	0.00%	3.79%	0.11%	0.54%	0.54%	0.21%	0.37%	0.24%
EFG iShares MSCI EAFE Growth ETF	2.59%	2.53%	1.64%	1.63%	1.27%	1.54%	0.85%	1.69%	1.98%	1.56%	2.20%	1.75%

Drawdowns

FCPIX vs. EFG - Drawdown Comparison

The maximum FCPIX drawdown since its inception was -67.79%, which is greater than EFG's maximum drawdown of -58.40%. Use the drawdown chart below to compare losses from any high point for FCPIX and EFG.

Drawdown Indicators

	FCPIX	EFG	Difference
Max Drawdown Largest peak-to-trough decline	-67.79%	-58.40%	-9.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.45%	-12.78%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-37.24%	-35.78%	-1.46%
Max Drawdown (10Y) Largest decline over 10 years	-37.24%	-35.78%	-1.46%
Current Drawdown Current decline from peak	-14.45%	-9.73%	-4.72%
Average Drawdown Average peak-to-trough decline	-15.84%	-12.23%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.33%	+0.27%

Volatility

FCPIX vs. EFG - Volatility Comparison

The current volatility for Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) is 7.72%, while iShares MSCI EAFE Growth ETF (EFG) has a volatility of 8.47%. This indicates that FCPIX experiences smaller price fluctuations and is considered to be less risky than EFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCPIX	EFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	8.47%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	12.45%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	19.46%	19.05%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	17.87%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	17.54%	+0.27%