FIVFX vs. TBGVX

Last updated Jul 17, 2026

FIVFX (Fidelity International Capital Appreciation Fund) and TBGVX (Tweedy, Browne International Value Fund) are both Foreign Large Cap Equities funds. A 0.71 correlation means they provide meaningful diversification when combined. FIVFX charges 1.00%/yr vs 1.40%/yr for TBGVX.

Performance

FIVFX vs. TBGVX - Performance Comparison

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

Returns By Period

FIVFX

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

TBGVX

• 1D: 0.77%
• 1M: 1.41%
• 6M: 7.67%
• YTD: 12.03%
• 1Y: 18.69%
• 3Y*: 13.57%
• 5Y*: 8.76%
• 10Y*: 8.02%

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

FIVFX vs. TBGVX - 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%	35.81%
TBGVX Tweedy, Browne International Value Fund	12.03%	23.86%	2.47%	12.48%	-7.52%	15.62%	-1.00%	14.64%	-6.72%	15.03%

Correlation

The correlation between FIVFX and TBGVX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 14, 1995	0.71

The correlation between FIVFX and TBGVX shifts across timeframes, from -0.02 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIVFX vs. TBGVX — Risk / Return Rank

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

FIVFX

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

TBGVX

TBGVX Risk / Return Rank: 57
TBGVX Sharpe Ratio Rank: 71
TBGVX Sortino Ratio Rank: 71
TBGVX Omega Ratio Rank: 71
TBGVX Calmar Ratio Rank: 39
TBGVX Martin Ratio Rank: 34

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. TBGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Capital Appreciation Fund (FIVFX) and Tweedy, Browne International Value Fund (TBGVX). 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.

	FIVFX	TBGVX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.88	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	1.91	—
Martin ratio: Return relative to average drawdown	—	6.09	—

Drawdowns

Drawdown Indicators

	FIVFX	TBGVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-50.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.18%	—
Current Drawdown Current decline from peak	—	-0.85%	—
Average Drawdown Average peak-to-trough decline	—	-6.06%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.99%	—

Volatility

Volatility by Period

	FIVFX	TBGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.13%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.55%	—

FIVFX vs. TBGVX - Expense Ratio Comparison

FIVFX has a 1.00% expense ratio, which is lower than TBGVX's 1.40% expense ratio.

Dividends

FIVFX vs. TBGVX - Dividend Comparison

FIVFX has not paid dividends to shareholders, while TBGVX's dividend yield for the trailing twelve months is around 10.81%.

Position	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%
TBGVX Tweedy, Browne International Value Fund	10.81%	12.11%	9.95%	4.55%	5.68%	8.89%	0.94%	1.88%	6.74%	1.10%	3.16%	4.94%

Frequently Asked Questions

Can I hold both FIVFX and TBGVX in my portfolio?

FIVFX and TBGVX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.