FIVOX vs. FINVX

Last updated Jun 4, 2026

FIVOX (Fidelity Advisor International Value Fund Class C) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FIVOX returned 8.28%/yr vs 10.61%/yr for FINVX. With a 0.99 correlation, they move nearly in lockstep. FIVOX charges 2.05%/yr vs 0.01%/yr for FINVX.

Performance

FIVOX vs. FINVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Value Fund Class C (FIVOX) and Fidelity Series International Value Fund (FINVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIVOX achieves a 6.62% return, which is significantly lower than FINVX's 7.50% return. Over the past 10 years, FIVOX has underperformed FINVX with an annualized return of 8.28%, while FINVX has yielded a comparatively higher 10.61% annualized return.

FIVOX

• 1D: 0.40%
• 1M: 2.78%
• YTD: 6.62%
• 6M: 10.58%
• 1Y: 22.34%
• 3Y*: 20.24%
• 5Y*: 11.03%
• 10Y*: 8.28%

FINVX

• 1D: 0.36%
• 1M: 2.95%
• YTD: 7.50%
• 6M: 11.64%
• 1Y: 24.85%
• 3Y*: 22.98%
• 5Y*: 13.45%
• 10Y*: 10.61%

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

FIVOX vs. FINVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIVOX Fidelity Advisor International Value Fund Class C	6.62%	42.17%	3.82%	17.89%	-8.89%	13.67%	2.26%	17.55%	-18.09%	17.80%
FINVX Fidelity Series International Value Fund	7.50%	45.75%	6.20%	20.35%	-7.21%	16.39%	4.87%	19.85%	-16.40%	20.41%

Correlation

The correlation between FIVOX and FINVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 7, 2009	0.99

The correlation between FIVOX and FINVX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FIVOX vs. FINVX — Risk / Return Rank

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

FIVOX

FIVOX Risk / Return Rank: 28
FIVOX Sharpe Ratio Rank: 26
FIVOX Sortino Ratio Rank: 25
FIVOX Omega Ratio Rank: 25
FIVOX Calmar Ratio Rank: 30
FIVOX Martin Ratio Rank: 32

FINVX

FINVX Risk / Return Rank: 34
FINVX Sharpe Ratio Rank: 32
FINVX Sortino Ratio Rank: 31
FINVX Omega Ratio Rank: 31
FINVX Calmar Ratio Rank: 37
FINVX Martin Ratio Rank: 40

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.

FIVOX vs. FINVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class C (FIVOX) and Fidelity Series International Value Fund (FINVX). 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.

	FIVOX	FINVX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.62	-0.16
Sortino ratio: Return per unit of downside risk	2.09	2.30	-0.21
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	2.03	2.31	-0.28
Martin ratio: Return relative to average drawdown	7.40	8.58	-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.

FIVOX vs. FINVX - Sharpe Ratio Comparison

The current FIVOX Sharpe Ratio is 1.46, which is comparable to the FINVX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FIVOX and FINVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIVOX	FINVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.62	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.81	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.59	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.37	-0.20

Drawdowns

FIVOX vs. FINVX - Drawdown Comparison

The maximum FIVOX drawdown since its inception was -66.60%, which is greater than FINVX's maximum drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for FIVOX and FINVX.

Drawdown Indicators

	FIVOX	FINVX	Difference
Max Drawdown Largest peak-to-trough decline	-66.60%	-42.48%	-24.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-10.38%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-14.60%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-28.00%	-27.13%	-0.87%
Max Drawdown (10Y) Largest decline over 10 years	-44.75%	-42.48%	-2.27%
Current Drawdown Current decline from peak	-1.69%	-1.12%	-0.57%
Average Drawdown Average peak-to-trough decline	-22.11%	-9.04%	-13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.79%	+0.09%

Volatility

FIVOX vs. FINVX - Volatility Comparison

Fidelity Advisor International Value Fund Class C (FIVOX) and Fidelity Series International Value Fund (FINVX) have volatilities of 4.79% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIVOX	FINVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.80%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	11.94%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	14.84%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	16.71%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	18.06%	-0.14%

FIVOX vs. FINVX - Expense Ratio Comparison

FIVOX has a 2.05% expense ratio, which is higher than FINVX's 0.01% expense ratio.

Dividends

FIVOX vs. FINVX - Dividend Comparison

FIVOX's dividend yield for the trailing twelve months is around 1.62%, less than FINVX's 10.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FINVX Fidelity Series International Value Fund	10.42%	11.20%	4.14%	3.29%	3.33%	5.01%	2.83%	4.05%	4.05%	3.14%	2.62%	2.14%
FIVOX Fidelity Advisor International Value Fund Class C	1.62%	1.72%	1.00%	1.04%	0.78%	2.89%	0.92%	2.34%	1.81%	0.15%	1.53%	0.24%

Frequently Asked Questions

Can I hold both FIVOX and FINVX in my portfolio?

With a correlation of 1.00, FIVOX and FINVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIVOX or FINVX?

FINVX has higher volatility (4.80%) compared to FIVOX (4.79%). In terms of maximum drawdown, FIVOX dropped -66.60% vs FINVX's -42.48%.

Which has better risk-adjusted returns?

FINVX currently has the higher Sharpe Ratio (1.62 vs 1.46), 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.