FIVQX vs. ^GSPC
FIVQX (Fidelity Advisor International Value Fund Class I) is Foreign Large Cap Equities fund managed by Fidelity, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, FIVQX returned 9.89%/yr vs 13.26%/yr for ^GSPC. Their 0.77 correlation means they have sometimes moved together and sometimes differently.
Performance
FIVQX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, FIVQX achieves a 11.25% return, which is significantly higher than ^GSPC's 9.41% return. Over the past 10 years, FIVQX has underperformed ^GSPC with an annualized return of 9.89%, while ^GSPC has yielded a comparatively higher 13.26% annualized return.
FIVQX
- 1D
- 2.28%
- 1M
- 2.48%
- 6M
- 5.93%
- YTD
- 11.25%
- 1Y
- 27.48%
- 3Y*
- 20.75%
- 5Y*
- 13.79%
- 10Y*
- 9.89%
- ALL TIME*
- 5.30%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $0.00 | $0.00 | $0.00 |
FIVQX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIVQX Fidelity Advisor International Value Fund Class I | 11.25% | 43.57% | 4.85% | 19.10% | -7.95% | 14.94% | 3.26% | 18.95% | -17.20% | 17.82% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between FIVQX and ^GSPC is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 19, 2006 | 0.77 |
The correlation between FIVQX and ^GSPC shifts across timeframes, from 0.66 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIVQX vs. ^GSPC — Risk / Return Rank
FIVQX
^GSPC
FIVQX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class I (FIVQX) and S&P 500 Index (^GSPC). 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.
| FIVQX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.00 | +0.53 |
| Martin ratioReturn relative to average drawdown | 9.29 | 8.49 | +0.80 |
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Drawdowns
FIVQX vs. ^GSPC - Drawdown Comparison
The maximum FIVQX drawdown since its inception was -64.41%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIVQX and ^GSPC.
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Drawdown Indicators
| FIVQX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -56.78% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.10% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -18.90% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.53% | -25.43% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.46% | -33.92% | -9.54% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -10.70% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.14% | +0.68% |
Volatility
FIVQX vs. ^GSPC - Volatility Comparison
Fidelity Advisor International Value Fund Class I (FIVQX) has a higher volatility of 4.35% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that FIVQX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIVQX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.51% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 10.11% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 12.87% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 17.01% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 18.07% | -0.45% |
Frequently Asked Questions
FIVQX and ^GSPC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVQX has higher volatility (4.35%) compared to ^GSPC (3.51%). In terms of maximum drawdown, FIVQX dropped -64.41% vs ^GSPC's -56.78%.
FIVQX currently has the higher Sharpe Ratio (1.75 vs 1.42), 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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