This post on reddit indicates that FPS issues may be being caused by render scaling and fidelityfx super resolution: https://www.reddit.com/r/CompetitiveWoW/comments/17zl3m7/for_everyone_who_has_issues_with_fps_drops_i/
However, when I tested this myself in game, only adjusting the render scaling appeared to make any difference. I normally play at 83% scaling with fidelityFX turned on. Setting the scaling back up to 100% netted me an additional 15-20 fps in valdrakken. changing fidelityfx to any other setting appears to have had no effect on its own. This issue seems counter intuitive given that render scaling reduction should net you FPS increases, which is why mine has been set to 83% since fidelityfx came out. Blizz seems to have broken something internally.