FDKFX vs. IVFIX
FDKFX (Fidelity International Discovery K6 Fund) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, FDKFX returned 7.02%/yr vs 10.53%/yr for IVFIX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FDKFX charges 0.60%/yr vs 0.86%/yr for IVFIX.
Performance
FDKFX vs. IVFIX - Performance Comparison
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Returns By Period
In the year-to-date period, FDKFX achieves a 11.08% return, which is significantly lower than IVFIX's 12.21% return.
FDKFX
- 1D
- 2.87%
- 1M
- -1.51%
- 6M
- 4.17%
- YTD
- 11.08%
- 1Y
- 23.06%
- 3Y*
- 17.40%
- 5Y*
- 7.02%
- 10Y*
- —
- ALL TIME*
- 10.79%
IVFIX
- 1D
- 0.00%
- 1M
- 3.30%
- 6M
- 7.45%
- YTD
- 12.21%
- 1Y
- 24.58%
- 3Y*
- 15.01%
- 5Y*
- 10.53%
- 10Y*
- 7.31%
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDKFX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDKFX Fidelity International Discovery K6 Fund | 11.08% | 29.31% | 11.14% | 14.40% | -24.74% | 11.20% | 21.50% | 11.81% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 12.21% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 10.40% |
Correlation
The correlation between FDKFX and IVFIX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.67 |
Over the past year, the correlation between FDKFX and IVFIX has dropped to 0.34 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
FDKFX vs. IVFIX — Risk / Return Rank
FDKFX
IVFIX
FDKFX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery K6 Fund (FDKFX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDKFX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 4.12 | -2.51 |
| Martin ratioReturn relative to average drawdown | 5.91 | 9.46 | -3.55 |
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Drawdowns
FDKFX vs. IVFIX - Drawdown Comparison
The maximum FDKFX drawdown since its inception was -36.63%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for FDKFX and IVFIX.
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Drawdown Indicators
| FDKFX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.63% | -51.49% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -6.97% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -10.75% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -36.63% | -21.29% | -15.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -3.39% | -0.37% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -11.55% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.82% | +0.74% |
Volatility
FDKFX vs. IVFIX - Volatility Comparison
Fidelity International Discovery K6 Fund (FDKFX) has a higher volatility of 6.03% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 3.41%. This indicates that FDKFX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDKFX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.41% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 9.71% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.95% | 12.10% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 13.13% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 14.56% | +4.37% |
FDKFX vs. IVFIX - Expense Ratio Comparison
FDKFX has a 0.60% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Dividends
FDKFX vs. IVFIX - Dividend Comparison
FDKFX's dividend yield for the trailing twelve months is around 2.77%, less than IVFIX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKFX Fidelity International Discovery K6 Fund | 2.77% | 3.07% | 4.06% | 1.62% | 0.99% | 1.90% | 0.60% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.52% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
Frequently Asked Questions
FDKFX and IVFIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDKFX has higher volatility (6.03%) compared to IVFIX (3.41%). In terms of maximum drawdown, FDKFX dropped -36.63% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (2.38 vs 1.11), 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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