FDVAX vs. EPDIX

Last updated Aug 4, 2026

FDVAX (Fidelity Advisor Diversified International Fund Class A) and EPDIX (EuroPac International Dividend Income Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FDVAX returned 9.31%/yr vs 9.38%/yr for EPDIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FDVAX charges 1.16%/yr vs 1.25%/yr for EPDIX.

Performance

FDVAX vs. EPDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Diversified International Fund Class A (FDVAX) and EuroPac International Dividend Income Fund (EPDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDVAX achieves a 11.78% return, which is significantly higher than EPDIX's 8.78% return. Both investments have delivered pretty close results over the past 10 years, with FDVAX having a 9.31% annualized return and EPDIX not far ahead at 9.38%.

FDVAX

• 1D: -0.23%
• 1M: -0.99%
• 6M: 5.28%
• YTD: 11.78%
• 1Y: 23.45%
• 3Y*: 15.54%
• 5Y*: 6.89%
• 10Y*: 9.31%
• ALL TIME*: 7.50%

EPDIX

• 1D: -0.75%
• 1M: 2.81%
• 6M: 0.31%
• YTD: 8.78%
• 1Y: 36.61%
• 3Y*: 21.73%
• 5Y*: 14.45%
• 10Y*: 9.38%
• ALL TIME*: 6.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPDIX EuroPac International Dividend Income Fund	$0.00	$0.00	$0.00
FDVAX Fidelity Advisor Diversified International Fund Class A	$0.00	$0.00	$0.00

FDVAX vs. EPDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVAX Fidelity Advisor Diversified International Fund Class A	11.78%	27.23%	6.15%	17.14%	-23.91%	12.67%	19.28%	29.50%	-15.61%	25.69%
EPDIX EuroPac International Dividend Income Fund	8.78%	62.35%	0.87%	7.85%	1.53%	8.04%	9.23%	13.33%	-10.74%	15.81%

Correlation

The correlation between FDVAX and EPDIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 13, 2014	0.71

The correlation between FDVAX and EPDIX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

FDVAX vs. EPDIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDVAX

FDVAX Risk / Return Rank: 38
FDVAX Sharpe Ratio Rank: 35
FDVAX Sortino Ratio Rank: 35
FDVAX Omega Ratio Rank: 34
FDVAX Calmar Ratio Rank: 40
FDVAX Martin Ratio Rank: 44

EPDIX

EPDIX Risk / Return Rank: 85
EPDIX Sharpe Ratio Rank: 94
EPDIX Sortino Ratio Rank: 87
EPDIX Omega Ratio Rank: 87
EPDIX Calmar Ratio Rank: 89
EPDIX Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDVAX vs. EPDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified International Fund Class A (FDVAX) and EuroPac International Dividend Income Fund (EPDIX). 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.

	FDVAX	EPDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.54	-1.34
Sortino ratio: Return per unit of downside risk	1.77	3.24	-1.48
Omega ratio: Gain probability vs. loss probability	1.22	1.45	-0.23
Calmar ratio: Return relative to maximum drawdown	1.79	3.43	-1.64
Martin ratio: Return relative to average drawdown	6.73	8.67	-1.94

FDVAX vs. EPDIX - Sharpe Ratio Comparison

The current FDVAX Sharpe Ratio is 1.20, which is lower than the EPDIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FDVAX and EPDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDVAX vs. EPDIX - Drawdown Comparison

The maximum FDVAX drawdown since its inception was -61.34%, which is greater than EPDIX's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for FDVAX and EPDIX.

Drawdown Indicators

	FDVAX	EPDIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.34%	-38.23%	-23.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-10.92%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-13.01%	-1.70%
Max Drawdown (5Y) Largest decline over 5 years	-35.44%	-20.98%	-14.46%
Max Drawdown (10Y) Largest decline over 10 years	-35.44%	-32.84%	-2.60%
Current Drawdown Current decline from peak	-2.77%	-7.00%	+4.23%
Average Drawdown Average peak-to-trough decline	-13.55%	-10.74%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	4.32%	-0.98%

Volatility

FDVAX vs. EPDIX - Volatility Comparison

Fidelity Advisor Diversified International Fund Class A (FDVAX) has a higher volatility of 5.99% compared to EuroPac International Dividend Income Fund (EPDIX) at 3.53%. This indicates that FDVAX's price experiences larger fluctuations and is considered to be riskier than EPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDVAX	EPDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	3.53%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	12.36%	+4.20%
Volatility (1Y) Calculated over the trailing 1-year period	18.79%	14.79%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	14.09%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	14.83%	+2.16%

FDVAX vs. EPDIX - Expense Ratio Comparison

FDVAX has a 1.16% expense ratio, which is lower than EPDIX's 1.25% expense ratio.

Dividends

FDVAX vs. EPDIX - Dividend Comparison

FDVAX's dividend yield for the trailing twelve months is around 12.49%, more than EPDIX's 6.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPDIX EuroPac International Dividend Income Fund	6.88%	7.71%	4.09%	3.32%	2.81%	2.31%	1.92%	2.68%	3.00%	2.93%	2.47%	3.88%
FDVAX Fidelity Advisor Diversified International Fund Class A	12.49%	13.96%	6.25%	4.08%	1.90%	10.70%	0.00%	1.35%	4.76%	0.30%	1.23%	0.64%

Frequently Asked Questions

Can I hold both FDVAX and EPDIX in my portfolio?

FDVAX and EPDIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDVAX or EPDIX?

FDVAX has higher volatility (5.99%) compared to EPDIX (3.53%). In terms of maximum drawdown, FDVAX dropped -61.34% vs EPDIX's -38.23%.

Which has better risk-adjusted returns?

EPDIX currently has the higher Sharpe Ratio (2.54 vs 1.20), 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.