FDEGX vs. FIVFX

Last updated Jun 9, 2026

FDEGX (Fidelity Growth Strategies Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both mutual funds - FDEGX is a Mid Cap Growth Equities fund managed by Fidelity, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. A 0.66 correlation means they provide meaningful diversification when combined. FDEGX charges 0.63%/yr vs 1.00%/yr for FIVFX.

Performance

FDEGX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Strategies Fund (FDEGX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDEGX

• 1D: -3.58%
• 1M: -0.04%
• YTD: 8.51%
• 6M: -1.97%
• 1Y: 1.60%
• 3Y*: 16.17%
• 5Y*: 7.93%
• 10Y*: 11.86%

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDEGX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDEGX Fidelity Growth Strategies Fund	8.51%	2.88%	26.57%	20.93%	-26.50%	21.30%	29.34%	36.59%	-6.92%	21.03%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between FDEGX and FIVFX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 17, 1995	0.66

Over the past year, the correlation between FDEGX and FIVFX has dropped to 0.23 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

FDEGX vs. FIVFX — Risk / Return Rank

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

FDEGX

FDEGX Risk / Return Rank: 4
FDEGX Sharpe Ratio Rank: 4
FDEGX Sortino Ratio Rank: 4
FDEGX Omega Ratio Rank: 4
FDEGX Calmar Ratio Rank: 4
FDEGX Martin Ratio Rank: 4

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.

FDEGX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	FDEGX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.33	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.15	—	—
Martin ratio: Return relative to average drawdown	0.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDEGX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Drawdowns

Drawdown Indicators

	FDEGX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-85.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.62%	—	—
Current Drawdown Current decline from peak	-6.93%	—	—
Average Drawdown Average peak-to-trough decline	-36.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	—	—

Volatility

Volatility by Period

	FDEGX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	—	—

FDEGX vs. FIVFX - Expense Ratio Comparison

FDEGX has a 0.63% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

FDEGX vs. FIVFX - Dividend Comparison

Neither FDEGX nor FIVFX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEGX Fidelity Growth Strategies Fund	0.00%	0.00%	7.89%	0.05%	0.00%	14.15%	8.37%	3.65%	0.75%	0.05%	0.59%	0.13%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both FDEGX and FIVFX in my portfolio?

FDEGX and FIVFX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.