FICCX vs. AFGPX

Last updated Jun 3, 2026

FICCX (Fidelity Advisor Canada Fund Class I) and AFGPX (Alger International Focus Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FICCX returned 10.36%/yr vs 7.98%/yr for AFGPX. A 0.73 correlation means they provide meaningful diversification when combined. FICCX charges 0.74%/yr vs 1.28%/yr for AFGPX.

Performance

FICCX vs. AFGPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Canada Fund Class I (FICCX) and Alger International Focus Fund (AFGPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FICCX achieves a 7.05% return, which is significantly lower than AFGPX's 10.64% return. Over the past 10 years, FICCX has outperformed AFGPX with an annualized return of 10.36%, while AFGPX has yielded a comparatively lower 7.98% annualized return.

FICCX

• 1D: -0.26%
• 1M: 0.60%
• YTD: 7.05%
• 6M: 11.69%
• 1Y: 17.67%
• 3Y*: 16.91%
• 5Y*: 10.46%
• 10Y*: 10.36%

AFGPX

• 1D: 0.39%
• 1M: 5.08%
• YTD: 10.64%
• 6M: 11.16%
• 1Y: 14.16%
• 3Y*: 14.84%
• 5Y*: 3.63%
• 10Y*: 7.98%

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

FICCX vs. AFGPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FICCX Fidelity Advisor Canada Fund Class I	7.05%	25.83%	9.14%	14.69%	-6.12%	26.90%	4.50%	25.89%	-14.30%	12.85%
AFGPX Alger International Focus Fund	10.64%	18.22%	5.20%	18.03%	-31.00%	9.09%	43.38%	27.60%	-21.49%	25.80%

Correlation

The correlation between FICCX and AFGPX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 11, 2007	0.73

The correlation between FICCX and AFGPX shifts across timeframes, from 0.57 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FICCX vs. AFGPX — Risk / Return Rank

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

FICCX

FICCX Risk / Return Rank: 33
FICCX Sharpe Ratio Rank: 27
FICCX Sortino Ratio Rank: 25
FICCX Omega Ratio Rank: 26
FICCX Calmar Ratio Rank: 46
FICCX Martin Ratio Rank: 40

AFGPX

AFGPX Risk / Return Rank: 11
AFGPX Sharpe Ratio Rank: 10
AFGPX Sortino Ratio Rank: 11
AFGPX Omega Ratio Rank: 10
AFGPX Calmar Ratio Rank: 12
AFGPX Martin Ratio Rank: 14

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.

FICCX vs. AFGPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Canada Fund Class I (FICCX) and Alger International Focus Fund (AFGPX). 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.

	FICCX	AFGPX	Difference
Sharpe ratio Return per unit of total volatility	1.51	0.81	+0.70
Sortino ratio Return per unit of downside risk	2.08	1.26	+0.82
Omega ratio Gain probability vs. loss probability	1.27	1.16	+0.11
Calmar ratio Return relative to maximum drawdown	2.58	1.19	+1.40
Martin ratio Return relative to average drawdown	8.59	4.23	+4.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FICCX vs. AFGPX - Sharpe Ratio Comparison

The current FICCX Sharpe Ratio is 1.51, which is higher than the AFGPX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FICCX and AFGPX, 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

	FICCX	AFGPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.81	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.18	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.41	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.46	-0.17

Drawdowns

FICCX vs. AFGPX - Drawdown Comparison

The maximum FICCX drawdown since its inception was -58.09%, smaller than the maximum AFGPX drawdown of -63.63%. Use the drawdown chart below to compare losses from any high point for FICCX and AFGPX.

Drawdown Indicators

	FICCX	AFGPX	Difference
Max Drawdown Largest peak-to-trough decline	-58.09%	-63.63%	+5.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-12.92%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	-15.34%	+3.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	-42.17%	+21.17%
Max Drawdown (10Y) Largest decline over 10 years	-39.84%	-42.17%	+2.33%
Current Drawdown Current decline from peak	-1.36%	0.00%	-1.36%
Average Drawdown Average peak-to-trough decline	-11.92%	-19.43%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.62%	-1.33%

Volatility

FICCX vs. AFGPX - Volatility Comparison

The current volatility for Fidelity Advisor Canada Fund Class I (FICCX) is 2.67%, while Alger International Focus Fund (AFGPX) has a volatility of 6.86%. This indicates that FICCX experiences smaller price fluctuations and is considered to be less risky than AFGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FICCX	AFGPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	6.86%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	16.10%	-6.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.53%	18.87%	-6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	20.28%	-4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.44%	19.62%	-2.18%

FICCX vs. AFGPX - Expense Ratio Comparison

FICCX has a 0.74% expense ratio, which is lower than AFGPX's 1.28% expense ratio.

Dividends

FICCX vs. AFGPX - Dividend Comparison

FICCX's dividend yield for the trailing twelve months is around 4.29%, less than AFGPX's 12.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFGPX Alger International Focus Fund	12.48%	13.81%	6.27%	0.00%	0.00%	10.04%	0.00%	4.42%	2.96%	5.26%	1.26%	0.00%
FICCX Fidelity Advisor Canada Fund Class I	4.29%	4.59%	7.72%	3.36%	4.12%	5.22%	2.47%	4.31%	7.38%	0.89%	1.74%	0.15%

Frequently Asked Questions

Can I hold both FICCX and AFGPX in my portfolio?

FICCX and AFGPX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FICCX or AFGPX?

AFGPX has higher volatility (6.86%) compared to FICCX (2.67%). In terms of maximum drawdown, FICCX dropped -58.09% vs AFGPX's -63.63%.

Which has better risk-adjusted returns?

FICCX currently has the higher Sharpe Ratio (1.51 vs 0.81), 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.