FIVFX vs. FIDZX

Last updated Apr 1, 2026

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

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

Performance

FIVFX vs. FIDZX - Performance Comparison

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

FIVFX vs. FIDZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

FIVFX

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

FIDZX

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

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

FIVFX vs. FIDZX - Expense Ratio Comparison

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

FIVFX

Fidelity International Capital Appreciation Fund

FIDZX

Fidelity Advisor International Capital Appreciation Fund Class Z

Return for Risk

FIVFX vs. FIDZX — 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.

FIVFX vs. FIDZX - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	FIVFX	FIDZX	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 FIVFX and FIDZX 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

FIVFX vs. FIDZX - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

Drawdown Indicators

	FIVFX	FIDZX	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

	FIVFX	FIDZX	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%	—