FCDSX vs. VTIIX
Compare and contrast key facts about Fidelity Series International Credit Fund (FCDSX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX).
FCDSX is managed by Fidelity. It was launched on Jul 25, 2017. VTIIX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. It was launched on Feb 17, 2021.
Performance
FCDSX vs. VTIIX - Performance Comparison
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FCDSX vs. VTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCDSX Fidelity Series International Credit Fund | -0.47% | 7.22% | 8.47% | 7.64% | -17.34% | 1.35% |
VTIIX Vanguard Total International Bond II Index Fund Investor Class | -0.72% | 2.95% | 3.82% | 8.72% | -13.03% | -0.52% |
Returns By Period
In the year-to-date period, FCDSX achieves a -0.47% return, which is significantly higher than VTIIX's -0.72% return.
FCDSX
- 1D
- 0.36%
- 1M
- -2.44%
- YTD
- -0.47%
- 6M
- 0.79%
- 1Y
- 4.94%
- 3Y*
- 7.23%
- 5Y*
- 0.98%
- 10Y*
- —
VTIIX
- 1D
- 0.35%
- 1M
- -2.60%
- YTD
- -0.72%
- 6M
- -0.24%
- 1Y
- 2.40%
- 3Y*
- 3.68%
- 5Y*
- 0.08%
- 10Y*
- —
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FCDSX vs. VTIIX - Expense Ratio Comparison
FCDSX has a 0.00% expense ratio, which is lower than VTIIX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FCDSX vs. VTIIX — Risk / Return Rank
FCDSX
VTIIX
FCDSX vs. VTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Credit Fund (FCDSX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX). 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.
| FCDSX | VTIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 0.75 | +0.91 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.06 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.89 | +1.02 |
Martin ratioReturn relative to average drawdown | 8.64 | 3.81 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCDSX | VTIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.75 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.02 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.01 | +0.71 |
Correlation
The correlation between FCDSX and VTIIX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCDSX vs. VTIIX - Dividend Comparison
FCDSX's dividend yield for the trailing twelve months is around 4.60%, more than VTIIX's 4.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCDSX Fidelity Series International Credit Fund | 4.60% | 4.58% | 4.81% | 3.67% | 6.73% | 3.04% | 6.58% | 7.12% | 4.17% | 1.90% |
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.07% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCDSX vs. VTIIX - Drawdown Comparison
The maximum FCDSX drawdown since its inception was -22.33%, which is greater than VTIIX's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for FCDSX and VTIIX.
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Drawdown Indicators
| FCDSX | VTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -15.95% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.94% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -15.95% | -6.38% |
Current DrawdownCurrent decline from peak | -2.44% | -2.60% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -6.19% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.69% | -0.08% |
Volatility
FCDSX vs. VTIIX - Volatility Comparison
The current volatility for Fidelity Series International Credit Fund (FCDSX) is 1.29%, while Vanguard Total International Bond II Index Fund Investor Class (VTIIX) has a volatility of 1.50%. This indicates that FCDSX experiences smaller price fluctuations and is considered to be less risky than VTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCDSX | VTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.50% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.13% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 3.20% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 4.47% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 4.45% | -0.31% |