BDOAX vs. FSGEX
BDOAX (iShares MSCI Total International Index Fund Class A) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds - BDOAX tracks the MSCI All Country World ex US Index (Net TR) (USD) while FSGEX tracks the MSCI ACWI ex USA Index. Both are passively managed. Over the past 10 years, BDOAX returned 8.99%/yr vs 9.58%/yr for FSGEX. Their 0.98 correlation means they have historically moved very closely together. BDOAX charges 0.41%/yr vs 0.01%/yr for FSGEX.
Performance
BDOAX vs. FSGEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BDOAX having a 13.61% return and FSGEX slightly higher at 13.72%. Over the past 10 years, BDOAX has underperformed FSGEX with an annualized return of 8.99%, while FSGEX has yielded a comparatively higher 9.58% annualized return.
BDOAX
- 1D
- 0.14%
- 1M
- 0.57%
- 6M
- 7.21%
- YTD
- 13.61%
- 1Y
- 28.93%
- 3Y*
- 17.22%
- 5Y*
- 8.61%
- 10Y*
- 8.99%
- ALL TIME*
- 5.78%
FSGEX
- 1D
- 0.05%
- 1M
- 0.39%
- 6M
- 7.27%
- YTD
- 13.72%
- 1Y
- 29.19%
- 3Y*
- 17.74%
- 5Y*
- 9.22%
- 10Y*
- 9.58%
- ALL TIME*
- 6.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDOAX vs. FSGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDOAX iShares MSCI Total International Index Fund Class A | 13.61% | 32.20% | 5.02% | 14.81% | -16.63% | 7.36% | 10.47% | 20.81% | -14.19% | 26.16% |
FSGEX Fidelity Series Global ex U.S. Index Fund | 13.72% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
Correlation
The correlation between BDOAX and FSGEX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011 | 0.98 |
The correlation between BDOAX and FSGEX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
BDOAX vs. FSGEX — Risk / Return Rank
BDOAX
FSGEX
BDOAX vs. FSGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Total International Index Fund Class A (BDOAX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). 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.
| BDOAX | FSGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.57 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.23 | 9.54 | -0.31 |
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Drawdowns
BDOAX vs. FSGEX - Drawdown Comparison
The maximum BDOAX drawdown since its inception was -35.53%, roughly equal to the maximum FSGEX drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for BDOAX and FSGEX.
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Drawdown Indicators
| BDOAX | FSGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -34.74% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -11.24% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -13.34% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -29.44% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | -34.74% | -0.79% |
Current DrawdownCurrent decline from peak | -2.41% | -2.25% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -8.39% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.03% | +0.05% |
Volatility
BDOAX vs. FSGEX - Volatility Comparison
iShares MSCI Total International Index Fund Class A (BDOAX) and Fidelity Series Global ex U.S. Index Fund (FSGEX) have volatilities of 5.41% and 5.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDOAX | FSGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 5.22% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 14.55% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 16.40% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 15.73% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 16.12% | +0.05% |
BDOAX vs. FSGEX - Expense Ratio Comparison
BDOAX has a 0.41% expense ratio, which is higher than FSGEX's 0.01% expense ratio.
Dividends
BDOAX vs. FSGEX - Dividend Comparison
BDOAX's dividend yield for the trailing twelve months is around 2.39%, less than FSGEX's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDOAX iShares MSCI Total International Index Fund Class A | 2.39% | 2.84% | 2.62% | 2.74% | 2.61% | 2.46% | 1.79% | 2.85% | 3.05% | 1.65% | 3.33% | 3.78% |
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.66% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
Frequently Asked Questions
With a correlation of 0.99, BDOAX and FSGEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BDOAX has higher volatility (5.41%) compared to FSGEX (5.22%). In terms of maximum drawdown, BDOAX dropped -35.53% vs FSGEX's -34.74%.
FSGEX currently has the higher Sharpe Ratio (1.77 vs 1.73), 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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