FDVIX vs. FIQEX
FDVIX (Fidelity Advisor Diversified International Fund Class I) and FIQEX (Fidelity Advisor Canada Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FDVIX returned 7.06%/yr vs 11.31%/yr for FIQEX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FDVIX charges 0.90%/yr vs 0.66%/yr for FIQEX.
Performance
FDVIX vs. FIQEX - Performance Comparison
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Returns By Period
In the year-to-date period, FDVIX achieves a 13.09% return, which is significantly higher than FIQEX's 9.10% return.
FDVIX
- 1D
- 1.04%
- 1M
- 0.03%
- 6M
- 6.67%
- YTD
- 13.09%
- 1Y
- 23.02%
- 3Y*
- 16.93%
- 5Y*
- 7.06%
- 10Y*
- 9.64%
- ALL TIME*
- 7.77%
FIQEX
- 1D
- -0.20%
- 1M
- 3.26%
- 6M
- 8.06%
- YTD
- 9.10%
- 1Y
- 18.71%
- 3Y*
- 16.96%
- 5Y*
- 11.31%
- 10Y*
- —
- ALL TIME*
- 12.24%
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 |
FDVIX vs. FIQEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDVIX Fidelity Advisor Diversified International Fund Class I | 13.09% | 27.55% | 6.42% | 17.36% | -23.70% | 12.95% | 19.60% | 29.83% | -9.31% |
FIQEX Fidelity Advisor Canada Fund Class Z | 9.10% | 25.98% | 9.25% | 14.83% | -6.02% | 27.01% | 4.61% | 26.04% | -9.33% |
Correlation
The correlation between FDVIX and FIQEX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.74 |
The correlation between FDVIX and FIQEX shifts across timeframes, from 0.54 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDVIX vs. FIQEX — Risk / Return Rank
FDVIX
FIQEX
FDVIX vs. FIQEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified International Fund Class I (FDVIX) and Fidelity Advisor Canada Fund Class Z (FIQEX). 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.
| FDVIX | FIQEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.64 | -0.63 |
| Martin ratioReturn relative to average drawdown | 7.54 | 8.39 | -0.85 |
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Drawdowns
FDVIX vs. FIQEX - Drawdown Comparison
The maximum FDVIX drawdown since its inception was -61.22%, which is greater than FIQEX's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for FDVIX and FIQEX.
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Drawdown Indicators
| FDVIX | FIQEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.22% | -39.84% | -21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -7.61% | -4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.65% | -12.05% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -35.28% | -20.97% | -14.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.88% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -4.74% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.39% | +0.94% |
Volatility
FDVIX vs. FIQEX - Volatility Comparison
Fidelity Advisor Diversified International Fund Class I (FDVIX) has a higher volatility of 6.01% compared to Fidelity Advisor Canada Fund Class Z (FIQEX) at 2.27%. This indicates that FDVIX's price experiences larger fluctuations and is considered to be riskier than FIQEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVIX | FIQEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 2.27% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 9.61% | +6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 12.84% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 15.90% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 18.69% | -1.69% |
FDVIX vs. FIQEX - Expense Ratio Comparison
FDVIX has a 0.90% expense ratio, which is higher than FIQEX's 0.66% expense ratio.
Dividends
FDVIX vs. FIQEX - Dividend Comparison
FDVIX's dividend yield for the trailing twelve months is around 12.23%, more than FIQEX's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVIX Fidelity Advisor Diversified International Fund Class I | 12.23% | 13.83% | 6.36% | 4.22% | 2.17% | 10.74% | 0.02% | 1.48% | 5.04% | 0.29% | 1.54% | 0.92% |
FIQEX Fidelity Advisor Canada Fund Class Z | 5.31% | 5.80% | 7.84% | 3.50% | 4.07% | 5.32% | 2.74% | 4.64% | 7.61% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDVIX and FIQEX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVIX has higher volatility (6.01%) compared to FIQEX (2.27%). In terms of maximum drawdown, FDVIX dropped -61.22% vs FIQEX's -39.84%.
FIQEX currently has the higher Sharpe Ratio (1.57 vs 1.34), 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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