FIVPX vs. FINVX
FIVPX (Fidelity Advisor International Value Fund Class M) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FIVPX returned 9.16%/yr vs 11.01%/yr for FINVX. With a 0.99 correlation, they move nearly in lockstep. FIVPX charges 1.55%/yr vs 0.01%/yr for FINVX.
Performance
FIVPX vs. FINVX - Performance Comparison
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Returns By Period
In the year-to-date period, FIVPX achieves a 6.22% return, which is significantly lower than FINVX's 6.99% return. Over the past 10 years, FIVPX has underperformed FINVX with an annualized return of 9.16%, while FINVX has yielded a comparatively higher 11.01% annualized return.
FIVPX
- 1D
- 0.47%
- 1M
- -0.66%
- YTD
- 6.22%
- 6M
- 5.85%
- 1Y
- 19.96%
- 3Y*
- 19.69%
- 5Y*
- 12.34%
- 10Y*
- 9.16%
FINVX
- 1D
- 0.54%
- 1M
- -0.54%
- YTD
- 6.99%
- 6M
- 6.71%
- 1Y
- 21.73%
- 3Y*
- 21.81%
- 5Y*
- 14.22%
- 10Y*
- 11.01%
FIVPX vs. FINVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIVPX Fidelity Advisor International Value Fund Class M | 6.22% | 42.79% | 4.36% | 18.49% | -8.40% | 14.19% | 2.76% | 18.07% | -17.64% | 17.95% |
FINVX Fidelity Series International Value Fund | 6.99% | 45.75% | 6.20% | 20.35% | -7.21% | 16.39% | 4.87% | 19.85% | -16.40% | 20.41% |
Correlation
The correlation between FIVPX 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 4, 2009 | 0.99 |
The correlation between FIVPX and FINVX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FIVPX vs. FINVX — Risk / Return Rank
FIVPX
FINVX
FIVPX vs. FINVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class M (FIVPX) 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.
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.
| FIVPX | FINVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.10 | -0.18 |
| Martin ratioReturn relative to average drawdown | 6.90 | 7.70 | -0.79 |
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Drawdowns
FIVPX vs. FINVX - Drawdown Comparison
The maximum FIVPX drawdown since its inception was -65.48%, which is greater than FINVX's maximum drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for FIVPX and FINVX.
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Drawdown Indicators
| FIVPX | FINVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.48% | -42.48% | -23.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -10.38% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -14.60% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -27.13% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -44.23% | -42.48% | -1.75% |
Current DrawdownCurrent decline from peak | -2.08% | -1.59% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -9.01% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.83% | +0.07% |
Volatility
FIVPX vs. FINVX - Volatility Comparison
Fidelity Advisor International Value Fund Class M (FIVPX) and Fidelity Series International Value Fund (FINVX) have volatilities of 4.42% and 4.37%, 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.
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Volatility by Period
| FIVPX | FINVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.37% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 12.44% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 15.14% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 16.74% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 17.74% | -0.14% |
FIVPX vs. FINVX - Expense Ratio Comparison
FIVPX has a 1.55% expense ratio, which is higher than FINVX's 0.01% expense ratio.
Dividends
FIVPX vs. FINVX - Dividend Comparison
FIVPX's dividend yield for the trailing twelve months is around 1.78%, less than FINVX's 10.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINVX Fidelity Series International Value Fund | 10.47% | 11.20% | 4.14% | 3.29% | 3.33% | 5.01% | 2.83% | 4.05% | 4.05% | 3.14% | 2.62% | 2.14% |
FIVPX Fidelity Advisor International Value Fund Class M | 1.78% | 1.89% | 1.63% | 1.55% | 1.38% | 3.76% | 1.28% | 2.88% | 2.52% | 0.15% | 1.98% | 0.76% |
Frequently Asked Questions
With a correlation of 1.00, FIVPX 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.
FIVPX has higher volatility (4.42%) compared to FINVX (4.37%). In terms of maximum drawdown, FIVPX dropped -65.48% vs FINVX's -42.48%.
FINVX currently has the higher Sharpe Ratio (1.44 vs 1.34), 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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