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FNORX vs. FICDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNORX and FICDX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

FNORX vs. FICDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Nordic Fund (FNORX) and Fidelity Canada Fund (FICDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FNORX:

-0.03

FICDX:

0.50

Sortino Ratio

FNORX:

0.02

FICDX:

0.85

Omega Ratio

FNORX:

1.00

FICDX:

1.12

Calmar Ratio

FNORX:

-0.06

FICDX:

0.56

Martin Ratio

FNORX:

-0.15

FICDX:

1.55

Ulcer Index

FNORX:

9.77%

FICDX:

6.08%

Daily Std Dev

FNORX:

18.67%

FICDX:

17.14%

Max Drawdown

FNORX:

-68.29%

FICDX:

-58.09%

Current Drawdown

FNORX:

-6.82%

FICDX:

-2.02%

Returns By Period

In the year-to-date period, FNORX achieves a 17.22% return, which is significantly higher than FICDX's 10.40% return. Both investments have delivered pretty close results over the past 10 years, with FNORX having a 5.24% annualized return and FICDX not far behind at 5.02%.


FNORX

YTD

17.22%

1M

9.53%

6M

10.36%

1Y

-0.54%

3Y*

11.65%

5Y*

10.76%

10Y*

5.24%

FICDX

YTD

10.40%

1M

6.87%

6M

0.99%

1Y

8.44%

3Y*

6.05%

5Y*

12.15%

10Y*

5.02%

*Annualized

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Fidelity Nordic Fund

Fidelity Canada Fund

FNORX vs. FICDX - Expense Ratio Comparison

FNORX has a 0.92% expense ratio, which is higher than FICDX's 0.80% expense ratio.


Risk-Adjusted Performance

FNORX vs. FICDX — Risk-Adjusted Performance Rank

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

FNORX
The Risk-Adjusted Performance Rank of FNORX is 1414
Overall Rank
The Sharpe Ratio Rank of FNORX is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of FNORX is 1313
Sortino Ratio Rank
The Omega Ratio Rank of FNORX is 1313
Omega Ratio Rank
The Calmar Ratio Rank of FNORX is 1212
Calmar Ratio Rank
The Martin Ratio Rank of FNORX is 1414
Martin Ratio Rank

FICDX
The Risk-Adjusted Performance Rank of FICDX is 5252
Overall Rank
The Sharpe Ratio Rank of FICDX is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of FICDX is 5050
Sortino Ratio Rank
The Omega Ratio Rank of FICDX is 5151
Omega Ratio Rank
The Calmar Ratio Rank of FICDX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of FICDX is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNORX vs. FICDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) 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.


The current FNORX Sharpe Ratio is -0.03, which is lower than the FICDX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of FNORX and FICDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FNORX vs. FICDX - Dividend Comparison

FNORX's dividend yield for the trailing twelve months is around 3.55%, more than FICDX's 1.26% yield.


TTM20242023202220212020201920182017201620152014
FNORX
Fidelity Nordic Fund
3.55%4.16%0.05%0.00%4.68%1.45%3.35%0.12%0.95%1.45%1.32%0.00%
FICDX
Fidelity Canada Fund
1.26%1.39%1.33%1.49%1.26%1.46%1.75%1.32%1.41%1.25%3.11%16.33%

Drawdowns

FNORX vs. FICDX - Drawdown Comparison

The maximum FNORX drawdown since its inception was -68.29%, which is greater than FICDX's maximum drawdown of -58.09%. Use the drawdown chart below to compare losses from any high point for FNORX and FICDX. For additional features, visit the drawdowns tool.


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Volatility

FNORX vs. FICDX - Volatility Comparison

Fidelity Nordic Fund (FNORX) has a higher volatility of 3.84% compared to Fidelity Canada Fund (FICDX) at 2.52%. This indicates that FNORX'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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