ACWX vs. FIDI
ACWX (iShares MSCI ACWI ex U.S. ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - ACWX tracks the MSCI All Country World ex-U.S. Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, ACWX returned 8.92%/yr vs 12.70%/yr for FIDI. Their correlation of 0.84 means they have usually moved in the same direction. ACWX charges 0.32%/yr vs 0.39%/yr for FIDI.
Performance
ACWX vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, ACWX achieves a 13.36% return, which is significantly lower than FIDI's 15.58% return.
ACWX
- 1D
- -0.17%
- 1M
- 0.03%
- 6M
- 7.51%
- YTD
- 13.36%
- 1Y
- 28.82%
- 3Y*
- 17.44%
- 5Y*
- 8.92%
- 10Y*
- 9.34%
- ALL TIME*
- 4.91%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $158.12M | $125.34M | $130.78M | |
| $1.62M | $1.95M | $1.81M |
ACWX vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 13.36% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -18.12% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between ACWX and FIDI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.84 |
The correlation between ACWX and FIDI shifts across timeframes, from 0.74 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ACWX vs. FIDI — Risk / Return Rank
ACWX
FIDI
ACWX vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and Fidelity International High Dividend ETF (FIDI). 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.
| ACWX | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.48 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.51 | -2.03 |
| Martin ratioReturn relative to average drawdown | 9.09 | 15.65 | -6.56 |
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Drawdowns
ACWX vs. FIDI - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.40%, which is greater than FIDI's maximum drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for ACWX and FIDI.
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Drawdown Indicators
| ACWX | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.40% | -46.34% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -6.96% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -12.09% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.78% | -26.05% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -0.92% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -9.63% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.00% | +1.12% |
Volatility
ACWX vs. FIDI - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) has a higher volatility of 5.41% compared to Fidelity International High Dividend ETF (FIDI) at 2.97%. This indicates that ACWX's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWX | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 2.97% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 9.31% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 11.62% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 14.81% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 18.62% | -1.35% |
ACWX vs. FIDI - Expense Ratio Comparison
ACWX has a 0.32% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
ACWX vs. FIDI - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.53%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.53% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACWX and FIDI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWX has higher volatility (5.41%) compared to FIDI (2.97%). In terms of maximum drawdown, ACWX dropped -60.40% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 12.70% vs 8.92% for ACWX. On fees, ACWX is cheaper at 0.32% per year. On volatility, FIDI has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 12.70% return vs 8.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACWX is cheaper with a 0.32% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 2.53% for ACWX.
ACWX tracks MSCI All Country World ex-U.S. Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.32% for ACWX and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 vs 1.64), 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.
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