FICDX vs. FIVFX

Last updated Jun 23, 2026

FICDX (Fidelity Canada Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds from Fidelity. A 0.68 correlation means they provide meaningful diversification when combined. FICDX charges 0.80%/yr vs 1.00%/yr for FIVFX.

Performance

FICDX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Canada Fund (FICDX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FICDX

• 1D: -0.97%
• 1M: -1.55%
• YTD: 4.81%
• 6M: 4.49%
• 1Y: 15.15%
• 3Y*: 15.44%
• 5Y*: 10.72%
• 10Y*: 10.14%

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FICDX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FICDX Fidelity Canada Fund	4.81%	25.86%	9.15%	14.66%	-6.14%	26.86%	4.43%	25.82%	-14.32%	12.79%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between FICDX and FIVFX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 14, 1995	0.68

Over the past year, the correlation between FICDX and FIVFX has dropped to 0.13 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

FICDX vs. FIVFX — Risk / Return Rank

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

FICDX

FICDX Risk / Return Rank: 21
FICDX Sharpe Ratio Rank: 17
FICDX Sortino Ratio Rank: 16
FICDX Omega Ratio Rank: 16
FICDX Calmar Ratio Rank: 29
FICDX Martin Ratio Rank: 28

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FICDX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Canada Fund (FICDX) and Fidelity International Capital Appreciation Fund (FIVFX). 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	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.55	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	6.16	—	—

Drawdowns

Drawdown Indicators

	FICDX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-58.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.85%	—	—
Current Drawdown Current decline from peak	-3.43%	—	—
Average Drawdown Average peak-to-trough decline	-10.51%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	FICDX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	—	—

FICDX vs. FIVFX - Expense Ratio Comparison

FICDX has a 0.80% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

FICDX vs. FIVFX - Dividend Comparison

FICDX's dividend yield for the trailing twelve months is around 5.44%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICDX Fidelity Canada Fund	5.44%	5.70%	7.44%	3.36%	4.11%	5.16%	2.56%	4.41%	7.33%	0.89%	1.63%	0.15%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%

Frequently Asked Questions

Can I hold both FICDX and FIVFX in my portfolio?

FICDX and FIVFX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.