GOZ.AX vs. FICDX

Last updated Jun 5, 2026

GOZ.AX (Growthpoint Properties Australia) is a stock, while FICDX (Fidelity Canada Fund) is Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, GOZ.AX returned 2.27%/yr vs 10.66%/yr for FICDX. At a 0.06 correlation, their price movements are largely independent.

Performance

GOZ.AX vs. FICDX - Performance Comparison

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

Different Trading Currencies

GOZ.AX is traded in AUD, while FICDX is traded in USD. To make them comparable, the FICDX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOZ.AX achieves a -12.70% return, which is significantly lower than FICDX's 1.20% return. Over the past 10 years, GOZ.AX has underperformed FICDX with an annualized return of 2.27%, while FICDX has yielded a comparatively higher 10.66% annualized return.

GOZ.AX

• 1D: 0.95%
• 1M: -1.84%
• YTD: -12.70%
• 6M: -12.26%
• 1Y: -8.16%
• 3Y*: -4.08%
• 5Y*: -4.93%
• 10Y*: 2.27%

FICDX

• 1D: 1.30%
• 1M: 4.20%
• YTD: 1.20%
• 6M: 2.84%
• 1Y: 8.47%
• 3Y*: 14.58%
• 5Y*: 12.42%
• 10Y*: 10.66%

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

GOZ.AX vs. FICDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOZ.AX Growthpoint Properties Australia	-12.70%	10.51%	11.48%	-15.46%	-27.13%	30.99%	-11.00%	17.27%	16.85%	10.88%
FICDX Fidelity Canada Fund	1.20%	16.72%	20.13%	14.75%	0.06%	34.30%	-4.74%	26.40%	-5.13%	4.20%

Correlation

The correlation between GOZ.AX and FICDX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.06

Return for Risk

GOZ.AX vs. FICDX — Risk / Return Rank

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

GOZ.AX

GOZ.AX Risk / Return Rank: 24
GOZ.AX Sharpe Ratio Rank: 24
GOZ.AX Sortino Ratio Rank: 20
GOZ.AX Omega Ratio Rank: 22
GOZ.AX Calmar Ratio Rank: 28
GOZ.AX Martin Ratio Rank: 25

FICDX

FICDX Risk / Return Rank: 34
FICDX Sharpe Ratio Rank: 30
FICDX Sortino Ratio Rank: 27
FICDX Omega Ratio Rank: 28
FICDX Calmar Ratio Rank: 46
FICDX Martin Ratio Rank: 40

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.

GOZ.AX vs. FICDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Growthpoint Properties Australia (GOZ.AX) 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.

	GOZ.AX	FICDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	0.79	-1.21
Sortino ratio: Return per unit of downside risk	-0.46	1.18	-1.65
Omega ratio: Gain probability vs. loss probability	0.95	1.14	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.40	1.26	-1.66
Martin ratio: Return relative to average drawdown	-0.83	3.68	-4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOZ.AX vs. FICDX - Sharpe Ratio Comparison

The current GOZ.AX Sharpe Ratio is -0.42, which is lower than the FICDX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of GOZ.AX and FICDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GOZ.AX	FICDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	0.79	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	1.04	-1.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.74	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.41	-0.41

Drawdowns

GOZ.AX vs. FICDX - Drawdown Comparison

The maximum GOZ.AX drawdown since its inception was -85.98%, which is greater than FICDX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for GOZ.AX and FICDX.

Drawdown Indicators

	GOZ.AX	FICDX	Difference
Max Drawdown Largest peak-to-trough decline	-85.98%	-38.34%	-47.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.22%	-6.59%	-12.63%
Max Drawdown (3Y) Largest decline over 3 years	-33.22%	-8.18%	-25.04%
Max Drawdown (5Y) Largest decline over 5 years	-51.30%	-9.86%	-41.44%
Max Drawdown (10Y) Largest decline over 10 years	-51.30%	-31.60%	-19.70%
Current Drawdown Current decline from peak	-35.52%	-0.86%	-34.66%
Average Drawdown Average peak-to-trough decline	-34.87%	-9.94%	-24.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.36%	2.26%	+7.10%

Volatility

GOZ.AX vs. FICDX - Volatility Comparison

Growthpoint Properties Australia (GOZ.AX) has a higher volatility of 6.14% compared to Fidelity Canada Fund (FICDX) at 2.88%. This indicates that GOZ.AX'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.

Volatility by Period

	GOZ.AX	FICDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	2.88%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	8.35%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	10.53%	+8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.05%	12.05%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.71%	14.47%	+8.24%

Dividends

GOZ.AX vs. FICDX - Dividend Comparison

GOZ.AX's dividend yield for the trailing twelve months is around 8.59%, more than FICDX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICDX Fidelity Canada Fund	5.27%	5.70%	7.44%	3.36%	4.11%	5.16%	2.56%	4.41%	7.33%	0.89%	1.63%	0.15%
GOZ.AX Growthpoint Properties Australia	8.59%	7.50%	8.76%	8.73%	7.08%	4.68%	5.73%	5.64%	6.04%	6.42%	6.37%	6.53%

Frequently Asked Questions

Can I hold both GOZ.AX and FICDX in my portfolio?

GOZ.AX and FICDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.