FNORX vs. PZRIX
Compare and contrast key facts about Fidelity Nordic Fund (FNORX) and PIMCO RAE Global ex-US Fund (PZRIX).
FNORX is managed by Fidelity. It was launched on Nov 1, 1995. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
FNORX vs. PZRIX - Performance Comparison
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FNORX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | -2.33% | 25.85% | -4.51% | 20.85% | -19.29% | 12.77% | 43.03% | 17.26% | -11.56% | 22.48% |
PZRIX PIMCO RAE Global ex-US Fund | 7.89% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, FNORX achieves a -2.33% return, which is significantly lower than PZRIX's 7.89% return. Over the past 10 years, FNORX has underperformed PZRIX with an annualized return of 8.41%, while PZRIX has yielded a comparatively higher 9.95% annualized return.
FNORX
- 1D
- 1.02%
- 1M
- -9.02%
- YTD
- -2.33%
- 6M
- 3.85%
- 1Y
- 13.26%
- 3Y*
- 8.87%
- 5Y*
- 4.89%
- 10Y*
- 8.41%
PZRIX
- 1D
- 0.41%
- 1M
- -6.89%
- YTD
- 7.89%
- 6M
- 16.45%
- 1Y
- 34.85%
- 3Y*
- 18.91%
- 5Y*
- 10.55%
- 10Y*
- 9.95%
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FNORX vs. PZRIX - Expense Ratio Comparison
FNORX has a 0.92% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
FNORX vs. PZRIX — Risk / Return Rank
FNORX
PZRIX
FNORX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| FNORX | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 2.41 | -1.71 |
Sortino ratioReturn per unit of downside risk | 1.01 | 3.09 | -2.08 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.47 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.70 | -1.78 |
Martin ratioReturn relative to average drawdown | 2.84 | 12.87 | -10.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNORX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.41 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.67 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.58 | -0.13 |
Correlation
The correlation between FNORX and PZRIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNORX vs. PZRIX - Dividend Comparison
FNORX's dividend yield for the trailing twelve months is around 8.95%, more than PZRIX's 6.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNORX Fidelity Nordic Fund | 8.95% | 8.74% | 6.14% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 3.13% | 1.71% | 1.32% |
PZRIX PIMCO RAE Global ex-US Fund | 6.08% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
FNORX vs. PZRIX - Drawdown Comparison
The maximum FNORX drawdown since its inception was -69.72%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for FNORX and PZRIX.
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Drawdown Indicators
| FNORX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.72% | -43.53% | -26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -10.68% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -38.15% | -30.85% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | -38.15% | -43.53% | +5.38% |
Current DrawdownCurrent decline from peak | -12.09% | -6.96% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -9.00% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 2.53% | +1.67% |
Volatility
FNORX vs. PZRIX - Volatility Comparison
Fidelity Nordic Fund (FNORX) has a higher volatility of 6.77% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.02%. This indicates that FNORX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNORX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 5.02% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 8.77% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 14.09% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 15.83% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 17.01% | +1.85% |