FCPIX vs. FUAMX

Last updated Jun 3, 2026

FCPIX (Fidelity Advisor International Capital Appreciation Fund Class I) and FUAMX (Fidelity Intermediate Treasury Bond Index Fund) are both mutual funds - FCPIX is a Foreign Large Cap Equities fund managed by Fidelity, while FUAMX is a Government Bonds fund managed by Fidelity. Over the past 5 years, FCPIX returned 6.82%/yr vs -0.36%/yr for FUAMX. At a 0.04 correlation, their price movements are largely independent. FCPIX charges 0.97%/yr vs 0.03%/yr for FUAMX.

Performance

FCPIX vs. FUAMX - 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 Fidelity Intermediate Treasury Bond Index Fund (FUAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPIX achieves a 8.97% return, which is significantly higher than FUAMX's -0.27% return.

FCPIX

• 1D: 0.31%
• 1M: 4.24%
• YTD: 8.97%
• 6M: 11.87%
• 1Y: 12.26%
• 3Y*: 15.44%
• 5Y*: 6.82%
• 10Y*: 10.21%

FUAMX

• 1D: 0.10%
• 1M: 0.10%
• YTD: -0.27%
• 6M: -0.64%
• 1Y: 4.20%
• 3Y*: 3.20%
• 5Y*: -0.36%
• 10Y*: —

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

FCPIX vs. FUAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	8.97%	18.68%	8.02%	27.64%	-26.55%	12.26%	22.23%	32.75%	-12.79%	3.76%
FUAMX Fidelity Intermediate Treasury Bond Index Fund	-0.27%	8.00%	0.40%	4.08%	-13.06%	-3.19%	8.86%	7.25%	1.25%	-0.35%

Correlation

The correlation between FCPIX and FUAMX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017	0.04

Over the past year, FCPIX and FUAMX have become more correlated (0.28) than their long-term average of 0.04, meaning their price movements have been converging.

Return for Risk

FCPIX vs. FUAMX — Risk / Return Rank

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

FCPIX

FCPIX Risk / Return Rank: 10
FCPIX Sharpe Ratio Rank: 9
FCPIX Sortino Ratio Rank: 9
FCPIX Omega Ratio Rank: 9
FCPIX Calmar Ratio Rank: 9
FCPIX Martin Ratio Rank: 11

FUAMX

FUAMX Risk / Return Rank: 12
FUAMX Sharpe Ratio Rank: 12
FUAMX Sortino Ratio Rank: 13
FUAMX Omega Ratio Rank: 11
FUAMX Calmar Ratio Rank: 11
FUAMX Martin Ratio Rank: 11

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. FUAMX - 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 Fidelity Intermediate Treasury Bond Index Fund (FUAMX). 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	FUAMX	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.95	-0.18
Sortino ratio Return per unit of downside risk	1.21	1.44	-0.23
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio Return relative to maximum drawdown	0.92	1.11	-0.18
Martin ratio Return relative to average drawdown	3.51	3.27	+0.25
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. FUAMX - Sharpe Ratio Comparison

The current FCPIX Sharpe Ratio is 0.77, which is comparable to the FUAMX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of FCPIX and FUAMX, 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

	FCPIX	FUAMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.95	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	-0.05	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.22	+0.16

Drawdowns

FCPIX vs. FUAMX - Drawdown Comparison

The maximum FCPIX drawdown since its inception was -67.79%, which is greater than FUAMX's maximum drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for FCPIX and FUAMX.

Drawdown Indicators

	FCPIX	FUAMX	Difference
Max Drawdown Largest peak-to-trough decline	-67.79%	-20.25%	-47.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.45%	-3.72%	-10.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.28%	-6.07%	-10.21%
Max Drawdown (5Y) Largest decline over 5 years	-37.24%	-18.27%	-18.97%
Max Drawdown (10Y) Largest decline over 10 years	-37.24%	—	—
Current Drawdown Current decline from peak	0.00%	-6.69%	+6.69%
Average Drawdown Average peak-to-trough decline	-15.77%	-7.32%	-8.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	1.26%	+2.54%

Volatility

FCPIX vs. FUAMX - Volatility Comparison

Fidelity Advisor International Capital Appreciation Fund Class I (FCPIX) has a higher volatility of 6.57% compared to Fidelity Intermediate Treasury Bond Index Fund (FUAMX) at 1.44%. This indicates that FCPIX's price experiences larger fluctuations and is considered to be riskier than FUAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCPIX	FUAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	1.44%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	3.09%	+11.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	4.34%	+12.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	6.63%	+12.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	5.85%	+12.21%

FCPIX vs. FUAMX - Expense Ratio Comparison

FCPIX has a 0.97% expense ratio, which is higher than FUAMX's 0.03% expense ratio.

Dividends

FCPIX vs. FUAMX - Dividend Comparison

FCPIX's dividend yield for the trailing twelve months is around 4.99%, more than FUAMX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPIX Fidelity Advisor International Capital Appreciation Fund Class I	4.99%	5.44%	0.70%	0.36%	0.00%	3.79%	0.11%	0.54%	0.54%	0.21%	0.37%	0.24%
FUAMX Fidelity Intermediate Treasury Bond Index Fund	3.75%	3.52%	3.58%	2.20%	1.24%	1.76%	2.90%	2.16%	2.23%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCPIX and FUAMX in my portfolio?

FCPIX and FUAMX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPIX or FUAMX?

FCPIX has higher volatility (6.57%) compared to FUAMX (1.44%). In terms of maximum drawdown, FCPIX dropped -67.79% vs FUAMX's -20.25%.

Which has better risk-adjusted returns?

FUAMX currently has the higher Sharpe Ratio (0.95 vs 0.77), 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.