HISIX vs. FTCNX

Last updated Aug 1, 2026

HISIX (Homestead International Equity Fund) and FTCNX (Fidelity Advisor Canada Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, HISIX returned 9.55%/yr vs 9.90%/yr for FTCNX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. HISIX charges 1.00%/yr vs 1.40%/yr for FTCNX.

Performance

HISIX vs. FTCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead International Equity Fund (HISIX) and Fidelity Advisor Canada Fund Class M (FTCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HISIX achieves a 16.69% return, which is significantly higher than FTCNX's 9.66% return. Both investments have delivered pretty close results over the past 10 years, with HISIX having a 9.55% annualized return and FTCNX not far ahead at 9.90%.

HISIX

• 1D: 2.63%
• 1M: 1.77%
• 6M: 8.90%
• YTD: 16.69%
• 1Y: 27.69%
• 3Y*: 13.85%
• 5Y*: 6.56%
• 10Y*: 9.55%
• ALL TIME*: 4.61%

FTCNX

• 1D: 0.37%
• 1M: 4.14%
• 6M: 9.73%
• YTD: 9.66%
• 1Y: 20.30%
• 3Y*: 15.36%
• 5Y*: 10.70%
• 10Y*: 9.90%
• ALL TIME*: 5.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTCNX Fidelity Advisor Canada Fund Class M	$0.00	$0.00	$0.00
HISIX Homestead International Equity Fund	$0.00	$0.00	$0.00

HISIX vs. FTCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HISIX Homestead International Equity Fund	16.69%	22.29%	1.01%	15.88%	-19.24%	11.09%	21.35%	24.83%	-12.75%	28.13%
FTCNX Fidelity Advisor Canada Fund Class M	9.66%	25.18%	8.57%	14.02%	-6.70%	26.10%	3.82%	25.08%	-14.85%	12.87%

Correlation

The correlation between HISIX and FTCNX is 0.57, 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.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since May 10, 2007	0.74

The correlation between HISIX and FTCNX shifts across timeframes, from 0.57 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HISIX vs. FTCNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HISIX

HISIX Risk / Return Rank: 71
HISIX Sharpe Ratio Rank: 71
HISIX Sortino Ratio Rank: 69
HISIX Omega Ratio Rank: 67
HISIX Calmar Ratio Rank: 73
HISIX Martin Ratio Rank: 73

FTCNX

FTCNX Risk / Return Rank: 56
FTCNX Sharpe Ratio Rank: 55
FTCNX Sortino Ratio Rank: 48
FTCNX Omega Ratio Rank: 50
FTCNX Calmar Ratio Rank: 73
FTCNX Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HISIX vs. FTCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead International Equity Fund (HISIX) and Fidelity Advisor Canada Fund Class M (FTCNX). 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.

	HISIX	FTCNX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.46	+0.22
Sortino ratio: Return per unit of downside risk	2.37	1.98	+0.39
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.40	2.45	-0.05
Martin ratio: Return relative to average drawdown	9.02	7.67	+1.35

HISIX vs. FTCNX - Sharpe Ratio Comparison

The current HISIX Sharpe Ratio is 1.68, which is comparable to the FTCNX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of HISIX and FTCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HISIX vs. FTCNX - Drawdown Comparison

The maximum HISIX drawdown since its inception was -48.03%, smaller than the maximum FTCNX drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for HISIX and FTCNX.

Drawdown Indicators

	HISIX	FTCNX	Difference
Max Drawdown Largest peak-to-trough decline	-48.03%	-58.27%	+10.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.16%	-7.65%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-13.16%	-12.23%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-32.55%	-21.21%	-11.34%
Max Drawdown (10Y) Largest decline over 10 years	-32.55%	-39.92%	+7.37%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.07%	-12.30%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.44%	+0.52%

Volatility

HISIX vs. FTCNX - Volatility Comparison

Homestead International Equity Fund (HISIX) has a higher volatility of 4.33% compared to Fidelity Advisor Canada Fund Class M (FTCNX) at 2.33%. This indicates that HISIX's price experiences larger fluctuations and is considered to be riskier than FTCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HISIX	FTCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	2.33%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	13.52%	10.21%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	12.88%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	15.90%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	17.35%	-0.66%

HISIX vs. FTCNX - Expense Ratio Comparison

HISIX has a 1.00% expense ratio, which is lower than FTCNX's 1.40% expense ratio.

Dividends

HISIX vs. FTCNX - Dividend Comparison

HISIX's dividend yield for the trailing twelve months is around 10.41%, more than FTCNX's 4.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCNX Fidelity Advisor Canada Fund Class M	4.68%	5.13%	6.90%	2.83%	3.47%	4.58%	1.99%	3.89%	6.55%	0.90%	1.08%	0.15%
HISIX Homestead International Equity Fund	10.41%	10.88%	2.76%	5.75%	5.12%	4.46%	0.60%	1.08%	1.77%	0.95%	0.94%	7.46%

Frequently Asked Questions

Can I hold both HISIX and FTCNX in my portfolio?

HISIX and FTCNX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HISIX or FTCNX?

HISIX has higher volatility (4.33%) compared to FTCNX (2.33%). In terms of maximum drawdown, HISIX dropped -48.03% vs FTCNX's -58.27%.

Which has better risk-adjusted returns?

HISIX currently has the higher Sharpe Ratio (1.68 vs 1.46), 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.