FIDZX vs. FIVFX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor International Capital Appreciation Fund Class Z (FIDZX) and Fidelity International Capital Appreciation Fund (FIVFX).

FIDZX is managed by Fidelity. It was launched on Feb 1, 2017. FIVFX is managed by Fidelity. It was launched on Nov 1, 1994.

Performance

FIDZX vs. FIVFX - Performance Comparison

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

FIDZX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDZX Fidelity Advisor International Capital Appreciation Fund Class Z	-8.14%	18.83%	8.15%	27.79%	-26.45%	12.40%	22.36%	32.97%	-12.72%	28.67%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	28.49%

Returns By Period

FIDZX

• 1D: -0.51%
• 1M: -13.00%
• YTD: -8.14%
• 6M: -8.42%
• 1Y: 6.62%
• 3Y*: 9.86%
• 5Y*: 4.54%
• 10Y*: —

FIVFX

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

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

FIDZX vs. FIVFX - Expense Ratio Comparison

FIDZX has a 0.85% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

FIVFX

Fidelity International Capital Appreciation Fund

FIDZX

Fidelity Advisor International Capital Appreciation Fund Class Z

Return for Risk

FIDZX vs. FIVFX — Risk / Return Rank

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

FIDZX

FIDZX Risk / Return Rank: 12
FIDZX Sharpe Ratio Rank: 12
FIDZX Sortino Ratio Rank: 12
FIDZX Omega Ratio Rank: 12
FIDZX Calmar Ratio Rank: 12
FIDZX Martin Ratio Rank: 13

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.

FIDZX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class Z (FIDZX) 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.

	FIDZX	FIVFX	Difference
Sharpe ratio Return per unit of total volatility	0.29	—	—
Sortino ratio Return per unit of downside risk	0.55	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	0.30	—	—
Martin ratio Return relative to average drawdown	1.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FIDZX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	—	—

Correlation

The correlation between FIDZX and FIVFX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIDZX vs. FIVFX - Dividend Comparison

FIDZX's dividend yield for the trailing twelve months is around 6.06%, less than FIVFX's 10.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDZX Fidelity Advisor International Capital Appreciation Fund Class Z	6.06%	5.57%	0.84%	0.46%	0.00%	3.90%	0.19%	0.63%	0.67%	0.28%	0.00%	0.00%
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%

Drawdowns

Drawdown Indicators

	FIDZX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.17%	—	—
Current Drawdown Current decline from peak	-14.44%	—	—
Average Drawdown Average peak-to-trough decline	-7.62%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	FIDZX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.48%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	—	—