VFWPX vs. FIVFX

Last updated Jun 4, 2026

VFWPX (Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.88 suggests significant overlap in exposure. VFWPX charges 0.06%/yr vs 1.00%/yr for FIVFX.

Performance

VFWPX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VFWPX

• 1D: 0.66%
• 1M: 5.91%
• YTD: 15.79%
• 6M: 18.58%
• 1Y: 33.81%
• 3Y*: 20.10%
• 5Y*: 9.10%
• 10Y*: 10.08%

FIVFX

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

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

VFWPX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares	15.79%	32.40%	5.48%	15.63%	-15.47%	8.13%	11.40%	21.59%	-13.95%	27.28%
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 VFWPX and FIVFX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 14, 2010	0.88

Over the past year, the correlation between VFWPX and FIVFX has dropped to 0.23 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

VFWPX vs. FIVFX — Risk / Return Rank

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

VFWPX

VFWPX Risk / Return Rank: 59
VFWPX Sharpe Ratio Rank: 62
VFWPX Sortino Ratio Rank: 56
VFWPX Omega Ratio Rank: 59
VFWPX Calmar Ratio Rank: 59
VFWPX Martin Ratio Rank: 58

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.

VFWPX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) 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.

	VFWPX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	11.57	—	—
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

	VFWPX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	—	—

Drawdowns

Drawdown Indicators

	VFWPX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.85%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	—	—

Volatility

Volatility by Period

	VFWPX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	—	—

VFWPX vs. FIVFX - Expense Ratio Comparison

VFWPX has a 0.06% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

VFWPX vs. FIVFX - Dividend Comparison

VFWPX's dividend yield for the trailing twelve months is around 2.59%, 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%
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares	2.59%	3.10%	3.26%	3.33%	3.12%	3.08%	2.01%	3.12%	3.30%	2.70%	3.00%	2.99%

Frequently Asked Questions

Can I hold both VFWPX and FIVFX in my portfolio?

VFWPX and FIVFX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.