FDIVX vs. FIGRX

Last updated Jun 23, 2026

FDIVX (Fidelity Diversified International Fund) and FIGRX (Fidelity International Discovery Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FDIVX returned 9.84%/yr vs 9.67%/yr for FIGRX. With a 0.97 correlation, they move nearly in lockstep. FDIVX charges 0.66%/yr vs 0.99%/yr for FIGRX.

Performance

FDIVX vs. FIGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Diversified International Fund (FDIVX) and Fidelity International Discovery Fund (FIGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FDIVX having a 14.83% return and FIGRX slightly lower at 14.37%. Both investments have delivered pretty close results over the past 10 years, with FDIVX having a 9.84% annualized return and FIGRX not far behind at 9.67%.

FDIVX

• 1D: 1.58%
• 1M: 4.92%
• YTD: 14.83%
• 6M: 15.42%
• 1Y: 28.02%
• 3Y*: 17.07%
• 5Y*: 8.42%
• 10Y*: 9.84%

FIGRX

• 1D: 1.48%
• 1M: 3.93%
• YTD: 14.37%
• 6M: 15.25%
• 1Y: 27.29%
• 3Y*: 18.02%
• 5Y*: 7.50%
• 10Y*: 9.67%

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

FDIVX vs. FIGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIVX Fidelity Diversified International Fund	14.83%	27.75%	6.54%	17.74%	-23.86%	12.79%	18.91%	29.72%	-15.31%	25.31%
FIGRX Fidelity International Discovery Fund	14.37%	27.61%	10.96%	14.17%	-24.83%	11.09%	21.42%	27.53%	-17.16%	30.27%

Correlation

The correlation between FDIVX and FIGRX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 27, 1991	0.97

The correlation between FDIVX and FIGRX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FDIVX vs. FIGRX — Risk / Return Rank

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

FDIVX

FDIVX Risk / Return Rank: 35
FDIVX Sharpe Ratio Rank: 33
FDIVX Sortino Ratio Rank: 32
FDIVX Omega Ratio Rank: 32
FDIVX Calmar Ratio Rank: 37
FDIVX Martin Ratio Rank: 42

FIGRX

FIGRX Risk / Return Rank: 31
FIGRX Sharpe Ratio Rank: 29
FIGRX Sortino Ratio Rank: 29
FIGRX Omega Ratio Rank: 29
FIGRX Calmar Ratio Rank: 32
FIGRX Martin Ratio Rank: 37

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.

FDIVX vs. FIGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and Fidelity International Discovery Fund (FIGRX). 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.

	FDIVX	FIGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.45	+0.08
Sortino ratio: Return per unit of downside risk	2.19	2.08	+0.12
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.20	2.01	+0.19
Martin ratio: Return relative to average drawdown	8.56	7.64	+0.92

FDIVX vs. FIGRX - Sharpe Ratio Comparison

The current FDIVX Sharpe Ratio is 1.53, which is comparable to the FIGRX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FDIVX and FIGRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDIVX vs. FIGRX - Drawdown Comparison

The maximum FDIVX drawdown since its inception was -60.61%, roughly equal to the maximum FIGRX drawdown of -60.47%. Use the drawdown chart below to compare losses from any high point for FDIVX and FIGRX.

Drawdown Indicators

	FDIVX	FIGRX	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-60.47%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-13.11%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-14.65%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-35.60%	-36.54%	+0.94%
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	-36.54%	+0.94%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.66%	-12.34%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.44%	-0.26%

Volatility

FDIVX vs. FIGRX - Volatility Comparison

Fidelity Diversified International Fund (FDIVX) and Fidelity International Discovery Fund (FIGRX) have volatilities of 6.95% and 6.65%, 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

	FDIVX	FIGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	6.65%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	15.38%	15.49%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	18.12%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	17.20%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	17.06%	-0.01%

FDIVX vs. FIGRX - Expense Ratio Comparison

FDIVX has a 0.66% expense ratio, which is lower than FIGRX's 0.99% expense ratio.

Dividends

FDIVX vs. FIGRX - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 9.31%, more than FIGRX's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	9.31%	10.69%	3.93%	4.29%	1.34%	10.59%	0.97%	1.32%	7.32%	4.22%	1.36%	0.46%
FIGRX Fidelity International Discovery Fund	6.07%	6.94%	2.88%	1.91%	0.35%	11.18%	3.70%	2.33%	3.85%	4.01%	1.81%	0.01%

Frequently Asked Questions

Can I hold both FDIVX and FIGRX in my portfolio?

With a correlation of 0.98, FDIVX and FIGRX 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, FDIVX or FIGRX?

FDIVX has higher volatility (6.95%) compared to FIGRX (6.65%). In terms of maximum drawdown, FDIVX dropped -60.61% vs FIGRX's -60.47%.

Which has better risk-adjusted returns?

FDIVX currently has the higher Sharpe Ratio (1.53 vs 1.45), 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.