FICDX vs. FIVLX
FICDX (Fidelity Canada Fund) and FIVLX (Fidelity International Value Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FICDX returned 10.47%/yr vs 9.99%/yr for FIVLX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.80% expense ratio.
Performance
FICDX vs. FIVLX - Performance Comparison
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Returns By Period
In the year-to-date period, FICDX achieves a 10.03% return, which is significantly lower than FIVLX's 11.33% return. Both investments have delivered pretty close results over the past 10 years, with FICDX having a 10.47% annualized return and FIVLX not far behind at 9.99%.
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%
FIVLX
- 1D
- 2.28%
- 1M
- 2.48%
- 6M
- 6.00%
- YTD
- 11.33%
- 1Y
- 27.50%
- 3Y*
- 20.99%
- 5Y*
- 13.94%
- 10Y*
- 9.99%
- ALL TIME*
- 4.98%
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 |
| $0.00 | $0.00 | $0.00 |
FICDX vs. FIVLX - 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% |
FIVLX Fidelity International Value Fund | 11.33% | 43.67% | 5.33% | 19.27% | -7.99% | 14.89% | 3.36% | 18.92% | -17.17% | 17.85% |
Correlation
The correlation between FICDX and FIVLX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 19, 2006 | 0.76 |
The correlation between FICDX and FIVLX shifts across timeframes, from 0.60 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FICDX vs. FIVLX — Risk / Return Rank
FICDX
FIVLX
FICDX vs. FIVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canada Fund (FICDX) and Fidelity International Value Fund (FIVLX). 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 | FIVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.53 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.10 | 9.30 | -1.20 |
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Drawdowns
FICDX vs. FIVLX - Drawdown Comparison
The maximum FICDX drawdown since its inception was -58.09%, smaller than the maximum FIVLX drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for FICDX and FIVLX.
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Drawdown Indicators
| FICDX | FIVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.09% | -65.21% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -10.44% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.06% | -14.48% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -27.49% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | -43.43% | +3.58% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -16.94% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.84% | -0.45% |
Volatility
FICDX vs. FIVLX - Volatility Comparison
The current volatility for Fidelity Canada Fund (FICDX) is 2.33%, while Fidelity International Value Fund (FIVLX) has a volatility of 4.38%. This indicates that FICDX experiences smaller price fluctuations and is considered to be less risky than FIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICDX | FIVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 4.38% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 12.68% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 15.00% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 16.54% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 17.61% | -0.26% |
FICDX vs. FIVLX - Expense Ratio Comparison
Both FICDX and FIVLX have an expense ratio of 0.80%.
Dividends
FICDX vs. FIVLX - Dividend Comparison
FICDX's dividend yield for the trailing twelve months is around 5.18%, more than FIVLX's 2.09% yield.
| 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% |
FIVLX Fidelity International Value Fund | 2.09% | 2.32% | 2.90% | 2.06% | 1.85% | 4.35% | 1.74% | 3.54% | 3.33% | 0.15% | 2.71% | 1.44% |
Frequently Asked Questions
FICDX and FIVLX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVLX has higher volatility (4.38%) compared to FICDX (2.33%). In terms of maximum drawdown, FICDX dropped -58.09% vs FIVLX's -65.21%.
FIVLX currently has the higher Sharpe Ratio (1.76 vs 1.51), 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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