FDIVX vs. FICQX

Last updated Jun 5, 2026

FDIVX (Fidelity Diversified International Fund) and FICQX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds from Fidelity. Their correlation of 0.94 suggests significant overlap in exposure. FDIVX charges 1.01%/yr vs 0.81%/yr for FICQX.

Performance

FDIVX vs. FICQX - Performance Comparison

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

Returns By Period

In the year-to-date period, FDIVX achieves a 11.41% return, which is significantly higher than FICQX's 9.40% return.

FDIVX

• 1D: -0.28%
• 1M: 3.75%
• YTD: 11.41%
• 6M: 13.82%
• 1Y: 22.09%
• 3Y*: 16.86%
• 5Y*: 7.44%
• 10Y*: 9.26%

FICQX

• 1D: -0.69%
• 1M: 3.69%
• YTD: 9.40%
• 6M: 11.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIVX vs. FICQX - Yearly Performance Comparison

	2026 (YTD)	2025
FDIVX Fidelity Diversified International Fund	11.41%	6.91%
FICQX Fidelity International Capital Appreciation Fund	9.40%	0.38%

Correlation

The correlation between FDIVX and FICQX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.94

Return for Risk

FDIVX vs. FICQX — Risk / Return Rank

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

FDIVX

FDIVX Risk / Return Rank: 25
FDIVX Sharpe Ratio Rank: 22
FDIVX Sortino Ratio Rank: 22
FDIVX Omega Ratio Rank: 22
FDIVX Calmar Ratio Rank: 25
FDIVX Martin Ratio Rank: 32

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.

FDIVX vs. FICQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and Fidelity International Capital Appreciation Fund (FICQX). 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.

	FDIVX	FICQX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.84	—	—
Martin ratio: Return relative to average drawdown	7.22	—	—
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

	FDIVX	FICQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.70	-0.20

Drawdowns

FDIVX vs. FICQX - Drawdown Comparison

The maximum FDIVX drawdown since its inception was -60.61%, which is greater than FICQX's maximum drawdown of -14.45%. Use the drawdown chart below to compare losses from any high point for FDIVX and FICQX.

Drawdown Indicators

	FDIVX	FICQX	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-14.45%	-46.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.69%	+0.41%
Average Drawdown Average peak-to-trough decline	-11.67%	-2.86%	-8.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	—	—

Volatility

Volatility by Period

	FDIVX	FICQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	18.59%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	18.59%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	18.59%	-1.61%

FDIVX vs. FICQX - Expense Ratio Comparison

FDIVX has a 1.01% expense ratio, which is higher than FICQX's 0.81% expense ratio.

Dividends

FDIVX vs. FICQX - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 9.59%, more than FICQX's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	9.59%	10.69%	3.93%	4.29%	1.34%	10.59%	0.97%	1.32%	7.32%	4.22%	1.36%	0.46%
FICQX Fidelity International Capital Appreciation Fund	5.46%	5.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIVX and FICQX in my portfolio?

With a correlation of 0.94, FDIVX and FICQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.