FICQX vs. VTWO

Last updated Jun 25, 2026

FICQX (Fidelity International Capital Appreciation Fund) and VTWO (Vanguard Russell 2000 ETF) are both funds - FICQX is a Foreign Large Cap Equities fund actively managed by Fidelity, while VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index. FICQX is actively managed, while VTWO is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. FICQX charges 0.81%/yr vs 0.06%/yr for VTWO.

Performance

FICQX vs. VTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Capital Appreciation Fund (FICQX) and Vanguard Russell 2000 ETF (VTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FICQX achieves a 9.52% return, which is significantly lower than VTWO's 21.09% return.

FICQX

• 1D: -4.28%
• 1M: 3.74%
• YTD: 9.52%
• 6M: 9.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTWO

• 1D: 0.46%
• 1M: 4.33%
• YTD: 21.09%
• 6M: 17.98%
• 1Y: 40.11%
• 3Y*: 19.67%
• 5Y*: 6.54%
• 10Y*: 11.78%

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

FICQX vs. VTWO - Yearly Performance Comparison

	2026 (YTD)	2025
FICQX Fidelity International Capital Appreciation Fund	9.52%	0.38%
VTWO Vanguard Russell 2000 ETF	21.09%	6.69%

Correlation

The correlation between FICQX and VTWO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.79

Return for Risk

FICQX vs. VTWO — Risk / Return Rank

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

FICQX

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

VTWO

VTWO Risk / Return Rank: 71
VTWO Sharpe Ratio Rank: 72
VTWO Sortino Ratio Rank: 70
VTWO Omega Ratio Rank: 61
VTWO Calmar Ratio Rank: 78
VTWO Martin Ratio Rank: 76

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.

FICQX vs. VTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Capital Appreciation Fund (FICQX) and Vanguard Russell 2000 ETF (VTWO). 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.

	FICQX	VTWO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.05	—
Sortino ratio: Return per unit of downside risk	—	2.83	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.67	—
Martin ratio: Return relative to average drawdown	—	13.00	—

Drawdowns

FICQX vs. VTWO - Drawdown Comparison

The maximum FICQX drawdown since its inception was -14.45%, smaller than the maximum VTWO drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for FICQX and VTWO.

Drawdown Indicators

	FICQX	VTWO	Difference
Max Drawdown Largest peak-to-trough decline	-14.45%	-41.19%	+26.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.19%	—
Current Drawdown Current decline from peak	-4.28%	-0.48%	-3.80%
Average Drawdown Average peak-to-trough decline	-2.81%	-8.36%	+5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.10%	—

Volatility

Volatility by Period

	FICQX	VTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	19.65%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	22.56%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	23.11%	-2.57%

FICQX vs. VTWO - Expense Ratio Comparison

FICQX has a 0.81% expense ratio, which is higher than VTWO's 0.06% expense ratio.

Dividends

FICQX vs. VTWO - Dividend Comparison

FICQX's dividend yield for the trailing twelve months is around 5.46%, more than VTWO's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICQX Fidelity International Capital Appreciation Fund	5.46%	5.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTWO Vanguard Russell 2000 ETF	1.09%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%

Frequently Asked Questions

Can I hold both FICQX and VTWO in my portfolio?

FICQX and VTWO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.