FIVFX vs. VMRXX

Last updated Jun 9, 2026

FIVFX (Fidelity International Capital Appreciation Fund) and VMRXX (Vanguard Cash Reserves Federal Money Market Fund Admiral Shares) are both mutual funds - FIVFX is a Foreign Large Cap Equities fund managed by Fidelity, while VMRXX is a Money Market fund actively managed by Vanguard. At a correlation of -0.01, they often move in opposite directions. FIVFX charges 1.00%/yr vs 0.10%/yr for VMRXX.

Performance

FIVFX vs. VMRXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Capital Appreciation Fund (FIVFX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIVFX

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

VMRXX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.50%
• 6M: 1.83%
• 1Y: 3.96%
• 3Y*: 3.96%
• 5Y*: 2.76%
• 10Y*: —

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

FIVFX vs. VMRXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	6.74%
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares	1.50%	4.25%	3.45%	4.65%	0.00%	0.01%

Correlation

The correlation between FIVFX and VMRXX is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 26, 2021	-0.01

Return for Risk

FIVFX vs. VMRXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Capital Appreciation Fund (FIVFX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). 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	VMRXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.76	—

Drawdowns

Drawdown Indicators

	FIVFX	VMRXX	Difference
Max Drawdown Largest peak-to-trough decline	—	0.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	0.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	FIVFX	VMRXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.12%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.02%	—

FIVFX vs. VMRXX - Expense Ratio Comparison

FIVFX has a 1.00% expense ratio, which is higher than VMRXX's 0.10% expense ratio.

Dividends

FIVFX vs. VMRXX - Dividend Comparison

FIVFX has not paid dividends to shareholders, while VMRXX's dividend yield for the trailing twelve months is around 3.88%.

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%
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares	3.88%	4.15%	3.38%	4.54%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIVFX and VMRXX in my portfolio?

FIVFX and VMRXX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.