FSCOX vs. FIVFX

Last updated Jun 4, 2026

FSCOX (Fidelity International Small Cap Opportunities Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both mutual funds - FSCOX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. Their correlation of 0.87 suggests significant overlap in exposure. FSCOX charges 1.23%/yr vs 1.00%/yr for FIVFX.

Performance

FSCOX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Small Cap Opportunities Fund (FSCOX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSCOX

• 1D: 0.56%
• 1M: 2.80%
• YTD: 7.70%
• 6M: 10.24%
• 1Y: 17.41%
• 3Y*: 14.54%
• 5Y*: 4.97%
• 10Y*: 9.05%

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCOX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCOX Fidelity International Small Cap Opportunities Fund	7.70%	25.05%	4.08%	16.99%	-28.93%	17.66%	19.61%	29.07%	-14.13%	34.70%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between FSCOX and FIVFX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 4, 2005	0.87

Over the past year, the correlation between FSCOX and FIVFX has dropped to 0.20 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

FSCOX vs. FIVFX — Risk / Return Rank

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

FSCOX

FSCOX Risk / Return Rank: 19
FSCOX Sharpe Ratio Rank: 19
FSCOX Sortino Ratio Rank: 19
FSCOX Omega Ratio Rank: 18
FSCOX Calmar Ratio Rank: 18
FSCOX Martin Ratio Rank: 19

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.

FSCOX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Opportunities Fund (FSCOX) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	FSCOX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.82	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	5.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSCOX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	—	—

Drawdowns

Drawdown Indicators

	FSCOX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-72.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.75%	—	—
Current Drawdown Current decline from peak	-1.01%	—	—
Average Drawdown Average peak-to-trough decline	-18.51%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	—	—

Volatility

Volatility by Period

	FSCOX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	—	—

FSCOX vs. FIVFX - Expense Ratio Comparison

FSCOX has a 1.23% expense ratio, which is higher than FIVFX's 1.00% expense ratio.

Dividends

FSCOX vs. FIVFX - Dividend Comparison

FSCOX's dividend yield for the trailing twelve months is around 11.19%, more than FIVFX's 10.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
FSCOX Fidelity International Small Cap Opportunities Fund	11.19%	12.05%	6.41%	3.73%	6.40%	8.83%	0.00%	1.09%	2.99%	1.31%	1.43%	0.47%

Frequently Asked Questions

Can I hold both FSCOX and FIVFX in my portfolio?

FSCOX and FIVFX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.