FEUCX vs. UCEQX

Last updated Jun 6, 2026

FEUCX (Fidelity Advisor Global Capital Appreciation Fund Class C) and UCEQX (USAA Cornerstone Equity Fund) are both Global Equities funds. Over the past 10 years, FEUCX returned 12.80%/yr vs 11.58%/yr for UCEQX. Their correlation of 0.92 suggests significant overlap in exposure. FEUCX charges 1.92%/yr vs 0.09%/yr for UCEQX.

Performance

FEUCX vs. UCEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Capital Appreciation Fund Class C (FEUCX) and USAA Cornerstone Equity Fund (UCEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEUCX achieves a 12.93% return, which is significantly lower than UCEQX's 14.11% return. Over the past 10 years, FEUCX has outperformed UCEQX with an annualized return of 12.80%, while UCEQX has yielded a comparatively lower 11.58% annualized return.

FEUCX

• 1D: 0.04%
• 1M: 3.58%
• YTD: 12.93%
• 6M: 13.86%
• 1Y: 28.52%
• 3Y*: 27.21%
• 5Y*: 14.11%
• 10Y*: 12.80%

UCEQX

• 1D: 0.34%
• 1M: 3.72%
• YTD: 14.11%
• 6M: 14.53%
• 1Y: 30.20%
• 3Y*: 21.64%
• 5Y*: 11.05%
• 10Y*: 11.58%

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

FEUCX vs. UCEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEUCX Fidelity Advisor Global Capital Appreciation Fund Class C	12.93%	16.91%	40.54%	27.46%	-25.23%	17.94%	23.45%	21.86%	-18.86%	29.38%
UCEQX USAA Cornerstone Equity Fund	14.11%	23.71%	14.50%	19.36%	-16.25%	19.68%	10.76%	22.49%	-12.06%	22.59%

Correlation

The correlation between FEUCX and UCEQX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 14, 2012	0.92

The correlation between FEUCX and UCEQX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

FEUCX vs. UCEQX — Risk / Return Rank

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

FEUCX

FEUCX Risk / Return Rank: 40
FEUCX Sharpe Ratio Rank: 40
FEUCX Sortino Ratio Rank: 36
FEUCX Omega Ratio Rank: 39
FEUCX Calmar Ratio Rank: 38
FEUCX Martin Ratio Rank: 44

UCEQX

UCEQX Risk / Return Rank: 78
UCEQX Sharpe Ratio Rank: 79
UCEQX Sortino Ratio Rank: 74
UCEQX Omega Ratio Rank: 73
UCEQX Calmar Ratio Rank: 80
UCEQX Martin Ratio Rank: 86

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.

FEUCX vs. UCEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class C (FEUCX) and USAA Cornerstone Equity Fund (UCEQX). 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.

	FEUCX	UCEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.54	-0.75
Sortino ratio: Return per unit of downside risk	2.43	3.50	-1.07
Omega ratio: Gain probability vs. loss probability	1.32	1.46	-0.14
Calmar ratio: Return relative to maximum drawdown	2.25	3.48	-1.23
Martin ratio: Return relative to average drawdown	9.08	15.60	-6.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUCX vs. UCEQX - Sharpe Ratio Comparison

The current FEUCX Sharpe Ratio is 1.79, which is comparable to the UCEQX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FEUCX and UCEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEUCX	UCEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.54	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.73	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.70	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.69	-0.29

Drawdowns

FEUCX vs. UCEQX - Drawdown Comparison

The maximum FEUCX drawdown since its inception was -60.20%, which is greater than UCEQX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for FEUCX and UCEQX.

Drawdown Indicators

	FEUCX	UCEQX	Difference
Max Drawdown Largest peak-to-trough decline	-60.20%	-35.33%	-24.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-8.96%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.59%	-15.64%	-3.95%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-25.24%	-8.12%
Max Drawdown (10Y) Largest decline over 10 years	-34.13%	-35.33%	+1.20%
Current Drawdown Current decline from peak	-0.27%	-0.34%	+0.07%
Average Drawdown Average peak-to-trough decline	-13.36%	-4.87%	-8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	1.99%	+1.25%

Volatility

FEUCX vs. UCEQX - Volatility Comparison

Fidelity Advisor Global Capital Appreciation Fund Class C (FEUCX) has a higher volatility of 5.06% compared to USAA Cornerstone Equity Fund (UCEQX) at 3.61%. This indicates that FEUCX's price experiences larger fluctuations and is considered to be riskier than UCEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUCX	UCEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	3.61%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	9.73%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	12.27%	+4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	15.27%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	16.50%	+2.17%

FEUCX vs. UCEQX - Expense Ratio Comparison

FEUCX has a 1.92% expense ratio, which is higher than UCEQX's 0.09% expense ratio.

Dividends

FEUCX vs. UCEQX - Dividend Comparison

FEUCX's dividend yield for the trailing twelve months is around 11.57%, more than UCEQX's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUCX Fidelity Advisor Global Capital Appreciation Fund Class C	11.57%	13.07%	19.24%	7.72%	0.00%	9.86%	0.00%	0.00%	12.40%	15.33%	1.17%	0.64%
UCEQX USAA Cornerstone Equity Fund	4.45%	5.08%	2.56%	5.10%	6.80%	4.61%	8.25%	4.79%	6.73%	1.91%	3.16%	3.63%

Frequently Asked Questions

Can I hold both FEUCX and UCEQX in my portfolio?

FEUCX and UCEQX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEUCX or UCEQX?

FEUCX has higher volatility (5.06%) compared to UCEQX (3.61%). In terms of maximum drawdown, FEUCX dropped -60.20% vs UCEQX's -35.33%.

Which has better risk-adjusted returns?

UCEQX currently has the higher Sharpe Ratio (2.54 vs 1.79), 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.