TBGVX vs. FIQEX

Last updated Aug 1, 2026

TBGVX (Tweedy, Browne International Value Fund) and FIQEX (Fidelity Advisor Canada Fund Class Z) are both Foreign Large Cap Equities funds. Over the past 5 years, TBGVX returned 9.22%/yr vs 11.44%/yr for FIQEX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TBGVX charges 1.40%/yr vs 0.66%/yr for FIQEX.

Performance

TBGVX vs. FIQEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Value Fund (TBGVX) and Fidelity Advisor Canada Fund Class Z (FIQEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBGVX achieves a 14.34% return, which is significantly higher than FIQEX's 10.06% return.

TBGVX

• 1D: 0.53%
• 1M: 1.93%
• 6M: 9.59%
• YTD: 14.34%
• 1Y: 24.42%
• 3Y*: 13.61%
• 5Y*: 9.22%
• 10Y*: 8.25%
• ALL TIME*: 8.59%

FIQEX

• 1D: 0.36%
• 1M: 4.18%
• 6M: 10.08%
• YTD: 10.06%
• 1Y: 21.06%
• 3Y*: 16.10%
• 5Y*: 11.44%
• 10Y*: —
• ALL TIME*: 12.39%

*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)
FIQEX Fidelity Advisor Canada Fund Class Z	$0.00	$0.00	$0.00
TBGVX Tweedy, Browne International Value Fund	$0.00	$0.00	$0.00

TBGVX vs. FIQEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TBGVX Tweedy, Browne International Value Fund	14.34%	23.86%	2.47%	12.48%	-7.52%	15.62%	-1.00%	14.64%	-5.05%
FIQEX Fidelity Advisor Canada Fund Class Z	10.06%	25.98%	9.25%	14.83%	-6.02%	27.01%	4.61%	26.04%	-9.33%

Correlation

The correlation between TBGVX and FIQEX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.69

Over the past year, the correlation between TBGVX and FIQEX has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

TBGVX vs. FIQEX — Risk / Return Rank

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

TBGVX

TBGVX Risk / Return Rank: 80
TBGVX Sharpe Ratio Rank: 91
TBGVX Sortino Ratio Rank: 88
TBGVX Omega Ratio Rank: 86
TBGVX Calmar Ratio Rank: 73
TBGVX Martin Ratio Rank: 60

FIQEX

FIQEX Risk / Return Rank: 61
FIQEX Sharpe Ratio Rank: 60
FIQEX Sortino Ratio Rank: 53
FIQEX Omega Ratio Rank: 55
FIQEX Calmar Ratio Rank: 77
FIQEX Martin Ratio Rank: 62

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.

TBGVX vs. FIQEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Value Fund (TBGVX) and Fidelity Advisor Canada Fund Class Z (FIQEX). 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.

	TBGVX	FIQEX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.52	+0.78
Sortino ratio: Return per unit of downside risk	3.23	2.06	+1.18
Omega ratio: Gain probability vs. loss probability	1.43	1.27	+0.16
Calmar ratio: Return relative to maximum drawdown	2.33	2.56	-0.23
Martin ratio: Return relative to average drawdown	7.60	8.16	-0.56

TBGVX vs. FIQEX - Sharpe Ratio Comparison

The current TBGVX Sharpe Ratio is 2.30, which is higher than the FIQEX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of TBGVX and FIQEX, 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

TBGVX vs. FIQEX - Drawdown Comparison

The maximum TBGVX drawdown since its inception was -50.97%, which is greater than FIQEX's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for TBGVX and FIQEX.

Drawdown Indicators

	TBGVX	FIQEX	Difference
Max Drawdown Largest peak-to-trough decline	-50.97%	-39.84%	-11.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-7.61%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-11.45%	-12.05%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	-20.97%	+3.26%
Max Drawdown (10Y) Largest decline over 10 years	-31.18%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.06%	-4.74%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.39%	+0.54%

Volatility

TBGVX vs. FIQEX - Volatility Comparison

Tweedy, Browne International Value Fund (TBGVX) has a higher volatility of 2.70% compared to Fidelity Advisor Canada Fund Class Z (FIQEX) at 2.32%. This indicates that TBGVX's price experiences larger fluctuations and is considered to be riskier than FIQEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBGVX	FIQEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.32%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	7.94%	10.22%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	12.88%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.10%	15.90%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.55%	18.70%	-6.15%

TBGVX vs. FIQEX - Expense Ratio Comparison

TBGVX has a 1.40% expense ratio, which is higher than FIQEX's 0.66% expense ratio.

Dividends

TBGVX vs. FIQEX - Dividend Comparison

TBGVX's dividend yield for the trailing twelve months is around 10.59%, more than FIQEX's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQEX Fidelity Advisor Canada Fund Class Z	5.27%	5.80%	7.84%	3.50%	4.07%	5.32%	2.74%	4.64%	7.61%	0.00%	0.00%	0.00%
TBGVX Tweedy, Browne International Value Fund	10.59%	12.11%	9.95%	4.55%	5.68%	8.89%	0.94%	1.88%	6.74%	1.10%	3.16%	4.94%

Frequently Asked Questions

Can I hold both TBGVX and FIQEX in my portfolio?

TBGVX and FIQEX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBGVX or FIQEX?

TBGVX has higher volatility (2.70%) compared to FIQEX (2.32%). In terms of maximum drawdown, TBGVX dropped -50.97% vs FIQEX's -39.84%.

Which has better risk-adjusted returns?

TBGVX currently has the higher Sharpe Ratio (2.30 vs 1.52), 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.