IVFIX vs. FIVQX

Last updated Jun 3, 2026

IVFIX (Federated Hermes International Strategic Value Dividend Fund) and FIVQX (Fidelity Advisor International Value Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, IVFIX returned 6.79%/yr vs 9.27%/yr for FIVQX. Their correlation of 0.84 suggests significant overlap in exposure. IVFIX charges 0.86%/yr vs 1.05%/yr for FIVQX.

Performance

IVFIX vs. FIVQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Fidelity Advisor International Value Fund Class I (FIVQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVFIX achieves a 5.80% return, which is significantly lower than FIVQX's 6.65% return. Over the past 10 years, IVFIX has underperformed FIVQX with an annualized return of 6.79%, while FIVQX has yielded a comparatively higher 9.27% annualized return.

IVFIX

• 1D: -1.04%
• 1M: -2.52%
• YTD: 5.80%
• 6M: 7.91%
• 1Y: 14.53%
• 3Y*: 13.89%
• 5Y*: 8.99%
• 10Y*: 6.79%

FIVQX

• 1D: -0.40%
• 1M: 1.14%
• YTD: 6.65%
• 6M: 11.04%
• 1Y: 22.11%
• 3Y*: 21.31%
• 5Y*: 11.96%
• 10Y*: 9.27%

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

IVFIX vs. FIVQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVFIX Federated Hermes International Strategic Value Dividend Fund	5.80%	31.79%	1.91%	11.05%	-2.54%	11.58%	-1.74%	20.15%	-11.96%	14.63%
FIVQX Fidelity Advisor International Value Fund Class I	6.65%	43.57%	4.85%	19.10%	-7.95%	14.94%	3.26%	18.95%	-17.20%	17.82%

Correlation

The correlation between IVFIX and FIVQX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008	0.84

Over the past year, the correlation between IVFIX and FIVQX has dropped to 0.59 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

IVFIX vs. FIVQX — Risk / Return Rank

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

IVFIX

IVFIX Risk / Return Rank: 39
IVFIX Sharpe Ratio Rank: 33
IVFIX Sortino Ratio Rank: 33
IVFIX Omega Ratio Rank: 34
IVFIX Calmar Ratio Rank: 51
IVFIX Martin Ratio Rank: 43

FIVQX

FIVQX Risk / Return Rank: 33
FIVQX Sharpe Ratio Rank: 31
FIVQX Sortino Ratio Rank: 30
FIVQX Omega Ratio Rank: 30
FIVQX Calmar Ratio Rank: 36
FIVQX Martin Ratio Rank: 38

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.

IVFIX vs. FIVQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Fidelity Advisor International Value Fund Class I (FIVQX). 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.

	IVFIX	FIVQX	Difference
Sharpe ratio Return per unit of total volatility	1.68	1.59	+0.08
Sortino ratio Return per unit of downside risk	2.40	2.27	+0.13
Omega ratio Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio Return relative to maximum drawdown	2.75	2.28	+0.47
Martin ratio Return relative to average drawdown	9.11	8.44	+0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVFIX vs. FIVQX - Sharpe Ratio Comparison

The current IVFIX Sharpe Ratio is 1.68, which is comparable to the FIVQX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IVFIX and FIVQX, 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

	IVFIX	FIVQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.59	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.72	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.52	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.24	-0.03

Drawdowns

IVFIX vs. FIVQX - Drawdown Comparison

The maximum IVFIX drawdown since its inception was -51.49%, smaller than the maximum FIVQX drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for IVFIX and FIVQX.

Drawdown Indicators

	IVFIX	FIVQX	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-64.41%	+12.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.97%	-10.37%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-10.75%	-14.47%	+3.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.29%	-27.53%	+6.24%
Max Drawdown (10Y) Largest decline over 10 years	-33.46%	-43.46%	+10.00%
Current Drawdown Current decline from peak	-6.07%	-1.70%	-4.37%
Average Drawdown Average peak-to-trough decline	-11.62%	-16.26%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.80%	-0.24%

Volatility

IVFIX vs. FIVQX - Volatility Comparison

Federated Hermes International Strategic Value Dividend Fund (IVFIX) and Fidelity Advisor International Value Fund Class I (FIVQX) have volatilities of 4.83% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVFIX	FIVQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.84%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	11.85%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	14.75%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	16.60%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	17.94%	-3.15%

IVFIX vs. FIVQX - Expense Ratio Comparison

IVFIX has a 0.86% expense ratio, which is lower than FIVQX's 1.05% expense ratio.

Dividends

IVFIX vs. FIVQX - Dividend Comparison

IVFIX's dividend yield for the trailing twelve months is around 3.60%, more than FIVQX's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVQX Fidelity Advisor International Value Fund Class I	2.24%	2.38%	2.34%	2.05%	1.87%	4.29%	1.76%	3.46%	3.26%	0.15%	2.61%	1.19%
IVFIX Federated Hermes International Strategic Value Dividend Fund	3.60%	3.37%	4.44%	4.01%	3.99%	3.67%	3.62%	3.98%	4.97%	4.17%	3.38%	3.95%

Frequently Asked Questions

Can I hold both IVFIX and FIVQX in my portfolio?

IVFIX and FIVQX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVFIX or FIVQX?

FIVQX has higher volatility (4.84%) compared to IVFIX (4.83%). In terms of maximum drawdown, IVFIX dropped -51.49% vs FIVQX's -64.41%.

Which has better risk-adjusted returns?

IVFIX currently has the higher Sharpe Ratio (1.68 vs 1.59), 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.