FICDX vs. FIVFX

Last updated Aug 1, 2026

FICDX (Fidelity Canada Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds from Fidelity. Their 0.67 correlation means they have sometimes moved together and sometimes differently. 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: 0.36%
• 1M: 4.18%
• 6M: 10.04%
• YTD: 10.03%
• 1Y: 20.97%
• 3Y*: 16.00%
• 5Y*: 11.32%
• 10Y*: 10.47%
• ALL TIME*: 8.76%

FIVFX

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

*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)
FICDX Fidelity Canada Fund	$0.00	$0.00	$0.00

FICDX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FICDX Fidelity Canada Fund	10.03%	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 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Jul 14, 1995	0.67

The correlation between FICDX and FIVFX shifts across timeframes, from 0.56 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FICDX vs. FIVFX — Risk / Return Rank

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

FICDX

FICDX Risk / Return Rank: 66
FICDX Sharpe Ratio Rank: 65
FICDX Sortino Ratio Rank: 58
FICDX Omega Ratio Rank: 61
FICDX Calmar Ratio Rank: 79
FICDX Martin Ratio Rank: 66

FIVFX

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

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.

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	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.05	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	8.10	—	—

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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-10.48%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	—	—

Volatility

Volatility by Period

	FICDX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	—	—

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 5.18%, 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	5.18%	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	0.00%	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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.