FICDX vs. FNORX
FICDX (Fidelity Canada Fund) and FNORX (Fidelity Nordic Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FICDX returned 10.47%/yr vs 9.67%/yr for FNORX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FICDX charges 0.80%/yr vs 0.92%/yr for FNORX.
Performance
FICDX vs. FNORX - Performance Comparison
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Returns By Period
In the year-to-date period, FICDX achieves a 10.03% return, which is significantly higher than FNORX's 9.22% return. Over the past 10 years, FICDX has outperformed FNORX with an annualized return of 10.47%, while FNORX has yielded a comparatively lower 9.67% annualized return.
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%
FNORX
- 1D
- 2.44%
- 1M
- 0.42%
- 6M
- 1.23%
- YTD
- 9.22%
- 1Y
- 22.37%
- 3Y*
- 13.14%
- 5Y*
- 4.80%
- 10Y*
- 9.67%
- ALL TIME*
- 10.34%
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 |
FNORX Fidelity Nordic Fund | $0.00 | $0.00 | $0.00 |
FICDX vs. FNORX - 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% |
FNORX Fidelity Nordic Fund | 9.22% | 25.85% | -4.51% | 20.85% | -19.29% | 12.77% | 43.03% | 17.26% | -11.56% | 22.48% |
Correlation
The correlation between FICDX and FNORX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 1995 | 0.60 |
The correlation between FICDX and FNORX shifts across timeframes, from 0.49 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FICDX vs. FNORX — Risk / Return Rank
FICDX
FNORX
FICDX vs. FNORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canada Fund (FICDX) and Fidelity Nordic Fund (FNORX). 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 | FNORX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.63 | +0.92 |
| Martin ratioReturn relative to average drawdown | 8.10 | 5.01 | +3.09 |
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Drawdowns
FICDX vs. FNORX - Drawdown Comparison
The maximum FICDX drawdown since its inception was -58.09%, smaller than the maximum FNORX drawdown of -69.72%. Use the drawdown chart below to compare losses from any high point for FICDX and FNORX.
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Drawdown Indicators
| FICDX | FNORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.09% | -69.72% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -12.98% | +5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.06% | -18.76% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -38.15% | +17.14% |
Max Drawdown (10Y)Largest decline over 10 years | -39.85% | -38.15% | -1.70% |
Current DrawdownCurrent decline from peak | 0.00% | -4.36% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -17.38% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 4.23% | -1.84% |
Volatility
FICDX vs. FNORX - Volatility Comparison
The current volatility for Fidelity Canada Fund (FICDX) is 2.33%, while Fidelity Nordic Fund (FNORX) has a volatility of 4.39%. This indicates that FICDX experiences smaller price fluctuations and is considered to be less risky than FNORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICDX | FNORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 4.39% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 14.32% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 17.55% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 19.14% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 18.78% | -1.43% |
FICDX vs. FNORX - Expense Ratio Comparison
FICDX has a 0.80% expense ratio, which is lower than FNORX's 0.92% expense ratio.
Dividends
FICDX vs. FNORX - Dividend Comparison
FICDX's dividend yield for the trailing twelve months is around 5.18%, less than FNORX's 8.00% 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% |
FNORX Fidelity Nordic Fund | 8.00% | 8.74% | 6.14% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 3.13% | 1.71% | 1.32% |
Frequently Asked Questions
FICDX and FNORX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNORX has higher volatility (4.39%) compared to FICDX (2.33%). In terms of maximum drawdown, FICDX dropped -58.09% vs FNORX's -69.72%.
FICDX currently has the higher Sharpe Ratio (1.51 vs 1.22), 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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