FEUIX vs. FMIEX

Last updated Aug 1, 2026

FEUIX (Fidelity Advisor Global Capital Appreciation Fund Class I) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, FEUIX returned 13.10%/yr vs 11.68%/yr for FMIEX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FEUIX charges 0.82%/yr vs 1.10%/yr for FMIEX.

Performance

FEUIX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Capital Appreciation Fund Class I (FEUIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEUIX achieves a 10.08% return, which is significantly lower than FMIEX's 18.69% return. Over the past 10 years, FEUIX has outperformed FMIEX with an annualized return of 13.10%, while FMIEX has yielded a comparatively lower 11.68% annualized return.

FEUIX

• 1D: 3.24%
• 1M: -2.48%
• 6M: 6.44%
• YTD: 10.08%
• 1Y: 21.00%
• 3Y*: 23.69%
• 5Y*: 13.04%
• 10Y*: 13.10%
• ALL TIME*: 7.84%

FMIEX

• 1D: 1.25%
• 1M: 4.67%
• 6M: 12.51%
• YTD: 18.69%
• 1Y: 33.34%
• 3Y*: 19.73%
• 5Y*: 13.46%
• 10Y*: 11.68%
• ALL TIME*: 9.80%

*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)
FEUIX Fidelity Advisor Global Capital Appreciation Fund Class I	$0.00	$0.00	$0.00
FMIEX Wasatch Global Value Fund Investor Class Shares	$0.00	$0.00	$0.00

FEUIX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEUIX Fidelity Advisor Global Capital Appreciation Fund Class I	10.08%	18.17%	37.92%	28.93%	-24.46%	19.28%	24.80%	23.17%	-17.94%	30.06%
FMIEX Wasatch Global Value Fund Investor Class Shares	18.69%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between FEUIX and FMIEX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Dec 17, 1998	0.77

Over the past year, the correlation between FEUIX and FMIEX has dropped to 0.39 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

FEUIX vs. FMIEX — Risk / Return Rank

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

FEUIX

FEUIX Risk / Return Rank: 30
FEUIX Sharpe Ratio Rank: 28
FEUIX Sortino Ratio Rank: 27
FEUIX Omega Ratio Rank: 27
FEUIX Calmar Ratio Rank: 32
FEUIX Martin Ratio Rank: 35

FMIEX

FMIEX Risk / Return Rank: 97
FMIEX Sharpe Ratio Rank: 99
FMIEX Sortino Ratio Rank: 98
FMIEX Omega Ratio Rank: 95
FMIEX Calmar Ratio Rank: 96
FMIEX Martin Ratio Rank: 96

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.

FEUIX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class I (FEUIX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	FEUIX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	0.98	3.35	-2.37
Sortino ratio: Return per unit of downside risk	1.42	4.89	-3.47
Omega ratio: Gain probability vs. loss probability	1.18	1.60	-0.41
Calmar ratio: Return relative to maximum drawdown	1.44	4.54	-3.10
Martin ratio: Return relative to average drawdown	5.32	17.64	-12.31

FEUIX vs. FMIEX - Sharpe Ratio Comparison

The current FEUIX Sharpe Ratio is 0.98, which is lower than the FMIEX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of FEUIX and FMIEX, 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

FEUIX vs. FMIEX - Drawdown Comparison

The maximum FEUIX drawdown since its inception was -61.64%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for FEUIX and FMIEX.

Drawdown Indicators

	FEUIX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-61.64%	-49.85%	-11.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-7.04%	-5.93%
Max Drawdown (3Y) Largest decline over 3 years	-19.38%	-9.52%	-9.86%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-18.63%	-14.10%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-39.33%	+6.60%
Current Drawdown Current decline from peak	-5.26%	0.00%	-5.26%
Average Drawdown Average peak-to-trough decline	-12.91%	-6.55%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	1.81%	+1.69%

Volatility

FEUIX vs. FMIEX - Volatility Comparison

Fidelity Advisor Global Capital Appreciation Fund Class I (FEUIX) has a higher volatility of 6.03% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.50%. This indicates that FEUIX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUIX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	2.50%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	16.22%	7.54%	+8.68%
Volatility (1Y) Calculated over the trailing 1-year period	19.13%	9.56%	+9.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	12.57%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	15.65%	+3.06%

FEUIX vs. FMIEX - Expense Ratio Comparison

FEUIX has a 0.82% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

FEUIX vs. FMIEX - Dividend Comparison

FEUIX's dividend yield for the trailing twelve months is around 8.00%, more than FMIEX's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEUIX Fidelity Advisor Global Capital Appreciation Fund Class I	8.00%	8.80%	13.61%	6.28%	0.00%	7.49%	0.00%	0.64%	10.42%	13.00%	0.98%	0.55%
FMIEX Wasatch Global Value Fund Investor Class Shares	4.83%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%

Frequently Asked Questions

Can I hold both FEUIX and FMIEX in my portfolio?

FEUIX and FMIEX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEUIX or FMIEX?

FEUIX has higher volatility (6.03%) compared to FMIEX (2.50%). In terms of maximum drawdown, FEUIX dropped -61.64% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (3.35 vs 0.98), 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.