FICDX vs. FIQEX
FICDX (Fidelity Canada Fund) and FIQEX (Fidelity Advisor Canada Fund Class Z) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FICDX returned 10.25%/yr vs 10.84%/yr for FIQEX. With a 1.00 correlation, they move nearly in lockstep. FICDX charges 0.80%/yr vs 0.66%/yr for FIQEX.
Performance
FICDX vs. FIQEX - Performance Comparison
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Returns By Period
In the year-to-date period, FICDX achieves a 4.52% return, which is significantly lower than FIQEX's 4.84% return.
FICDX
- 1D
- -0.28%
- 1M
- -1.83%
- YTD
- 4.52%
- 6M
- 3.55%
- 1Y
- 14.49%
- 3Y*
- 16.21%
- 5Y*
- 10.25%
- 10Y*
- 10.40%
FIQEX
- 1D
- -0.96%
- 1M
- -1.55%
- YTD
- 4.84%
- 6M
- 4.52%
- 1Y
- 15.25%
- 3Y*
- 15.55%
- 5Y*
- 10.84%
- 10Y*
- —
FICDX vs. FIQEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 4.52% | 25.86% | 9.15% | 14.66% | -6.14% | 26.86% | 4.43% | 25.82% | -10.00% |
FIQEX Fidelity Advisor Canada Fund Class Z | 4.84% | 25.98% | 9.25% | 14.83% | -6.02% | 27.01% | 4.61% | 26.04% | -9.33% |
Correlation
The correlation between FICDX and FIQEX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 1.00 |
The correlation between FICDX and FIQEX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FICDX vs. FIQEX — Risk / Return Rank
FICDX
FIQEX
FICDX vs. FIQEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canada Fund (FICDX) 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.
| FICDX | FIQEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.90 | +0.06 |
| Martin ratioReturn relative to average drawdown | 6.36 | 6.21 | +0.15 |
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Drawdowns
FICDX vs. FIQEX - Drawdown Comparison
The maximum FICDX drawdown since its inception was -58.09%, which is greater than FIQEX's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for FICDX and FIQEX.
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Drawdown Indicators
| FICDX | FIQEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.09% | -39.84% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -7.61% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.06% | -12.05% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -20.97% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -3.41% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -4.79% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.32% | +0.02% |
Volatility
FICDX vs. FIQEX - Volatility Comparison
Fidelity Canada Fund (FICDX) and Fidelity Advisor Canada Fund Class Z (FIQEX) have volatilities of 3.97% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICDX | FIQEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 4.12% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 10.22% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 12.96% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 16.01% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.81% | -1.38% |
FICDX vs. FIQEX - Expense Ratio Comparison
FICDX has a 0.80% expense ratio, which is higher than FIQEX's 0.66% expense ratio.
Dividends
FICDX vs. FIQEX - Dividend Comparison
FICDX's dividend yield for the trailing twelve months is around 5.45%, less than FIQEX's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 5.45% | 5.70% | 7.44% | 3.36% | 4.11% | 5.16% | 2.56% | 4.41% | 7.33% | 0.89% | 1.63% | 0.15% |
FIQEX Fidelity Advisor Canada Fund Class Z | 5.53% | 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
With a correlation of 1.00, FICDX and FIQEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIQEX has higher volatility (4.12%) compared to FICDX (3.97%). In terms of maximum drawdown, FICDX dropped -58.09% vs FIQEX's -39.84%.
FICDX currently has the higher Sharpe Ratio (1.15 vs 1.12), 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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