PIPAX vs. FIVFX

Last updated Jun 4, 2026

PIPAX (PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds. A 0.68 correlation means they provide meaningful diversification when combined. PIPAX charges 1.15%/yr vs 1.00%/yr for FIVFX.

Performance

PIPAX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PIPAX

• 1D: 0.66%
• 1M: 4.57%
• YTD: 9.45%
• 6M: 4.81%
• 1Y: 17.95%
• 3Y*: 16.11%
• 5Y*: 10.97%
• 10Y*: 11.62%

FIVFX

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

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

PIPAX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A	9.45%	16.57%	14.37%	21.29%	-9.30%	18.02%	3.78%	25.94%	-10.40%	18.30%
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 PIPAX and FIVFX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Dec 31, 2003	0.68

Over the past year, the correlation between PIPAX and FIVFX has dropped to 0.12 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

PIPAX vs. FIVFX — Risk / Return Rank

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

PIPAX

PIPAX Risk / Return Rank: 22
PIPAX Sharpe Ratio Rank: 20
PIPAX Sortino Ratio Rank: 16
PIPAX Omega Ratio Rank: 27
PIPAX Calmar Ratio Rank: 22
PIPAX Martin Ratio Rank: 24

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.

PIPAX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) 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.

	PIPAX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	—	—
Sortino ratio: Return per unit of downside risk	1.70	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.73	—	—
Martin ratio: Return relative to average drawdown	6.00	—	—
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

	PIPAX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	—	—

Drawdowns

Drawdown Indicators

	PIPAX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.80%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.55%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	PIPAX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.66%	—	—

PIPAX vs. FIVFX - Expense Ratio Comparison

PIPAX has a 1.15% expense ratio, which is higher than FIVFX's 1.00% expense ratio.

Dividends

PIPAX vs. FIVFX - Dividend Comparison

PIPAX's dividend yield for the trailing twelve months is around 5.13%, less 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%
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A	5.13%	5.61%	12.69%	10.56%	10.66%	7.59%	1.44%	11.71%	8.25%	7.38%	0.78%	8.16%

Frequently Asked Questions

Can I hold both PIPAX and FIVFX in my portfolio?

PIPAX and FIVFX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.