FIVLX vs. FICDX
FIVLX (Fidelity International Value Fund) and FICDX (Fidelity Canada Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FIVLX returned 10.00%/yr vs 10.42%/yr for FICDX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.80% expense ratio.
Performance
FIVLX vs. FICDX - Performance Comparison
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Returns By Period
In the year-to-date period, FIVLX achieves a 10.76% return, which is significantly higher than FICDX's 9.27% return. Both investments have delivered pretty close results over the past 10 years, with FIVLX having a 10.00% annualized return and FICDX not far ahead at 10.42%.
FIVLX
- 1D
- -0.51%
- 1M
- 1.96%
- 6M
- 4.69%
- YTD
- 10.76%
- 1Y
- 26.85%
- 3Y*
- 21.13%
- 5Y*
- 13.82%
- 10Y*
- 10.00%
- ALL TIME*
- 4.95%
FICDX
- 1D
- -0.69%
- 1M
- 3.46%
- 6M
- 8.66%
- YTD
- 9.27%
- 1Y
- 20.14%
- 3Y*
- 16.15%
- 5Y*
- 11.17%
- 10Y*
- 10.42%
- ALL TIME*
- 8.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FICDX Fidelity Canada Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FIVLX vs. FICDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIVLX Fidelity International Value Fund | 10.76% | 43.67% | 5.33% | 19.27% | -7.99% | 14.89% | 3.36% | 18.92% | -17.17% | 17.85% |
FICDX Fidelity Canada Fund | 9.27% | 25.86% | 9.15% | 14.66% | -6.14% | 26.86% | 4.43% | 25.82% | -14.32% | 12.79% |
Correlation
The correlation between FIVLX and FICDX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 19, 2006 | 0.76 |
The correlation between FIVLX and FICDX shifts across timeframes, from 0.60 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIVLX vs. FICDX — Risk / Return Rank
FIVLX
FICDX
FIVLX vs. FICDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Fund (FIVLX) and Fidelity Canada Fund (FICDX). 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.
| FIVLX | FICDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.54 | 0.00 |
| Martin ratioReturn relative to average drawdown | 9.31 | 8.05 | +1.26 |
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Drawdowns
FIVLX vs. FICDX - Drawdown Comparison
The maximum FIVLX drawdown since its inception was -65.21%, which is greater than FICDX's maximum drawdown of -58.09%. Use the drawdown chart below to compare losses from any high point for FIVLX and FICDX.
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Drawdown Indicators
| FIVLX | FICDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -58.09% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -7.60% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -12.06% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -21.01% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.43% | -39.85% | -3.58% |
Current DrawdownCurrent decline from peak | -0.51% | -0.69% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -10.48% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.39% | +0.45% |
Volatility
FIVLX vs. FICDX - Volatility Comparison
Fidelity International Value Fund (FIVLX) has a higher volatility of 4.39% compared to Fidelity Canada Fund (FICDX) at 2.46%. This indicates that FIVLX's price experiences larger fluctuations and is considered to be riskier than FICDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIVLX | FICDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.46% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 10.23% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.99% | 12.85% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 15.89% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 17.35% | +0.26% |
FIVLX vs. FICDX - Expense Ratio Comparison
Both FIVLX and FICDX have an expense ratio of 0.80%.
Dividends
FIVLX vs. FICDX - Dividend Comparison
FIVLX's dividend yield for the trailing twelve months is around 2.10%, less than FICDX's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICDX Fidelity Canada Fund | 5.21% | 5.70% | 7.44% | 3.36% | 4.11% | 5.16% | 2.56% | 4.41% | 7.33% | 0.89% | 1.63% | 0.15% |
FIVLX Fidelity International Value Fund | 2.10% | 2.32% | 2.90% | 2.06% | 1.85% | 4.35% | 1.74% | 3.54% | 3.33% | 0.15% | 2.71% | 1.44% |
Frequently Asked Questions
FIVLX and FICDX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVLX has higher volatility (4.39%) compared to FICDX (2.46%). In terms of maximum drawdown, FIVLX dropped -65.21% vs FICDX's -58.09%.
FIVLX currently has the higher Sharpe Ratio (1.77 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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