CSVFX vs. FHLFX

Last updated Jun 4, 2026

CSVFX (Columbia International Dividend Income Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, CSVFX returned 9.99%/yr vs 8.85%/yr for FHLFX. Their correlation of 0.94 suggests significant overlap in exposure. CSVFX charges 1.01%/yr vs 0.01%/yr for FHLFX.

Performance

CSVFX vs. FHLFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia International Dividend Income Fund (CSVFX) and Fidelity Series International Index Fund (FHLFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSVFX achieves a 18.19% return, which is significantly higher than FHLFX's 9.53% return.

CSVFX

• 1D: 0.88%
• 1M: 6.61%
• YTD: 18.19%
• 6M: 22.49%
• 1Y: 35.30%
• 3Y*: 19.66%
• 5Y*: 9.99%
• 10Y*: 9.85%

FHLFX

• 1D: 0.42%
• 1M: 4.09%
• YTD: 9.53%
• 6M: 12.09%
• 1Y: 22.51%
• 3Y*: 17.18%
• 5Y*: 8.85%
• 10Y*: —

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

CSVFX vs. FHLFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CSVFX Columbia International Dividend Income Fund	18.19%	31.32%	2.36%	18.44%	-14.91%	13.73%	5.87%	24.47%	-10.82%
FHLFX Fidelity Series International Index Fund	9.53%	31.96%	3.67%	18.16%	-14.17%	11.23%	8.09%	21.66%	-10.70%

Correlation

The correlation between CSVFX and FHLFX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.94

The correlation between CSVFX and FHLFX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

CSVFX vs. FHLFX — Risk / Return Rank

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

CSVFX

CSVFX Risk / Return Rank: 61
CSVFX Sharpe Ratio Rank: 68
CSVFX Sortino Ratio Rank: 58
CSVFX Omega Ratio Rank: 63
CSVFX Calmar Ratio Rank: 60
CSVFX Martin Ratio Rank: 56

FHLFX

FHLFX Risk / Return Rank: 27
FHLFX Sharpe Ratio Rank: 26
FHLFX Sortino Ratio Rank: 26
FHLFX Omega Ratio Rank: 26
FHLFX Calmar Ratio Rank: 26
FHLFX Martin Ratio Rank: 31

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.

CSVFX vs. FHLFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Dividend Income Fund (CSVFX) and Fidelity Series International Index Fund (FHLFX). 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.

	CSVFX	FHLFX	Difference
Sharpe ratio Return per unit of total volatility	2.41	1.47	+0.94
Sortino ratio Return per unit of downside risk	3.21	2.10	+1.11
Omega ratio Gain probability vs. loss probability	1.44	1.27	+0.17
Calmar ratio Return relative to maximum drawdown	2.97	1.91	+1.05
Martin ratio Return relative to average drawdown	11.31	7.17	+4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSVFX vs. FHLFX - Sharpe Ratio Comparison

The current CSVFX Sharpe Ratio is 2.41, which is higher than the FHLFX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CSVFX and FHLFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSVFX	FHLFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.47	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.56	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.53	-0.01

Drawdowns

CSVFX vs. FHLFX - Drawdown Comparison

The maximum CSVFX drawdown since its inception was -55.31%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for CSVFX and FHLFX.

Drawdown Indicators

	CSVFX	FHLFX	Difference
Max Drawdown Largest peak-to-trough decline	-55.31%	-33.58%	-21.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-11.37%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-13.62%	+0.31%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-29.36%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.50%	—	—
Current Drawdown Current decline from peak	0.00%	-0.42%	+0.42%
Average Drawdown Average peak-to-trough decline	-8.01%	-6.11%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.03%	+0.04%

Volatility

CSVFX vs. FHLFX - Volatility Comparison

Columbia International Dividend Income Fund (CSVFX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 4.85% and 4.64%, 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.

Volatility by Period

	CSVFX	FHLFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.64%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	12.08%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	14.83%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	15.98%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	17.64%	-1.55%

CSVFX vs. FHLFX - Expense Ratio Comparison

CSVFX has a 1.01% expense ratio, which is higher than FHLFX's 0.01% expense ratio.

Dividends

CSVFX vs. FHLFX - Dividend Comparison

CSVFX's dividend yield for the trailing twelve months is around 4.17%, more than FHLFX's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSVFX Columbia International Dividend Income Fund	4.17%	4.81%	6.96%	3.56%	1.93%	9.05%	3.57%	3.44%	5.53%	2.94%	3.52%	3.19%
FHLFX Fidelity Series International Index Fund	3.16%	3.46%	2.98%	2.86%	2.60%	2.47%	1.92%	1.95%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSVFX and FHLFX in my portfolio?

With a correlation of 0.94, CSVFX and FHLFX 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.

Which is riskier, CSVFX or FHLFX?

CSVFX has higher volatility (4.85%) compared to FHLFX (4.64%). In terms of maximum drawdown, CSVFX dropped -55.31% vs FHLFX's -33.58%.

Which has better risk-adjusted returns?

CSVFX currently has the higher Sharpe Ratio (2.41 vs 1.47), 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.