FDIVX vs. MSCI
FDIVX (Fidelity Diversified International Fund) is Foreign Large Cap Equities fund actively managed by Fidelity, while MSCI (MSCI Inc.) is a stock. Over the past 10 years, FDIVX returned 10.15%/yr vs 24.21%/yr for MSCI. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
FDIVX vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, FDIVX achieves a 11.72% return, which is significantly higher than MSCI's 1.38% return. Over the past 10 years, FDIVX has underperformed MSCI with an annualized return of 10.15%, while MSCI has yielded a comparatively higher 24.21% annualized return.
FDIVX
- 1D
- -3.14%
- 1M
- 2.09%
- YTD
- 11.72%
- 6M
- 11.65%
- 1Y
- 22.26%
- 3Y*
- 17.19%
- 5Y*
- 7.45%
- 10Y*
- 10.15%
MSCI
- 1D
- -0.73%
- 1M
- -1.91%
- YTD
- 1.38%
- 6M
- -0.02%
- 1Y
- 1.68%
- 3Y*
- 8.80%
- 5Y*
- 2.79%
- 10Y*
- 24.21%
FDIVX vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 11.72% | 27.75% | 6.54% | 17.74% | -23.86% | 12.79% | 18.91% | 29.72% | -15.31% | 25.31% |
MSCI MSCI Inc. | 1.38% | -3.17% | 7.31% | 22.90% | -23.34% | 38.14% | 74.38% | 77.19% | 17.95% | 62.63% |
Correlation
The correlation between FDIVX and MSCI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007 | 0.53 |
Over the past year, the correlation between FDIVX and MSCI has dropped to 0.14 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
FDIVX vs. MSCI — Risk / Return Rank
FDIVX
MSCI
FDIVX vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and MSCI Inc. (MSCI). 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 | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.04 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.09 | +1.84 |
| Martin ratioReturn relative to average drawdown | 7.50 | 0.24 | +7.26 |
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Drawdowns
FDIVX vs. MSCI - Drawdown Comparison
The maximum FDIVX drawdown since its inception was -60.61%, smaller than the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for FDIVX and MSCI.
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Drawdown Indicators
| FDIVX | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -69.06% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -18.07% | +5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -25.99% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -43.74% | +8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -43.74% | +8.14% |
Current DrawdownCurrent decline from peak | -3.14% | -10.34% | +7.20% |
Average DrawdownAverage peak-to-trough decline | -11.65% | -13.07% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 7.06% | -3.88% |
Volatility
FDIVX vs. MSCI - Volatility Comparison
The current volatility for Fidelity Diversified International Fund (FDIVX) is 7.55%, while MSCI Inc. (MSCI) has a volatility of 8.18%. This indicates that FDIVX experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIVX | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 8.18% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 21.09% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 28.80% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 30.73% | -13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 31.17% | -14.31% |
Dividends
FDIVX vs. MSCI - Dividend Comparison
FDIVX's dividend yield for the trailing twelve months is around 9.57%, more than MSCI's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 9.57% | 10.69% | 3.93% | 4.29% | 1.34% | 10.59% | 0.97% | 1.32% | 7.32% | 4.22% | 1.36% | 0.46% |
MSCI MSCI Inc. | 1.33% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
Frequently Asked Questions
FDIVX and MSCI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCI has higher volatility (8.18%) compared to FDIVX (7.55%). In terms of maximum drawdown, FDIVX dropped -60.61% vs MSCI's -69.06%.
FDIVX currently has the higher Sharpe Ratio (1.32 vs 0.06), 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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