FDIVX vs. MSCI

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Diversified International Fund (FDIVX) and MSCI Inc. (MSCI).

FDIVX is managed by Fidelity. It was launched on Dec 27, 1991.

Performance

FDIVX vs. MSCI - Performance Comparison

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

FDIVX vs. MSCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIVX Fidelity Diversified International Fund	-3.68%	27.75%	6.54%	17.74%	-23.86%	12.79%	18.91%	29.72%	-15.31%	25.31%
MSCI MSCI Inc.	-5.68%	-3.17%	7.31%	22.90%	-23.34%	38.14%	74.38%	77.19%	17.95%	62.63%

Returns By Period

In the year-to-date period, FDIVX achieves a -3.68% return, which is significantly higher than MSCI's -5.68% return. Over the past 10 years, FDIVX has underperformed MSCI with an annualized return of 8.03%, while MSCI has yielded a comparatively higher 23.21% annualized return.

FDIVX

• 1D: 0.15%
• 1M: -11.87%
• YTD: -3.68%
• 6M: 0.54%
• 1Y: 17.03%
• 3Y*: 12.31%
• 5Y*: 5.82%
• 10Y*: 8.03%

MSCI

• 1D: 1.34%
• 1M: -5.74%
• YTD: -5.68%
• 6M: -4.33%
• 1Y: -3.40%
• 3Y*: -0.04%
• 5Y*: 5.82%
• 10Y*: 23.21%

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

Return for Risk

FDIVX vs. MSCI — Risk / Return Rank

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

FDIVX

FDIVX Risk / Return Rank: 43
FDIVX Sharpe Ratio Rank: 42
FDIVX Sortino Ratio Rank: 41
FDIVX Omega Ratio Rank: 39
FDIVX Calmar Ratio Rank: 46
FDIVX Martin Ratio Rank: 45

MSCI

MSCI Risk / Return Rank: 35
MSCI Sharpe Ratio Rank: 37
MSCI Sortino Ratio Rank: 32
MSCI Omega Ratio Rank: 32
MSCI Calmar Ratio Rank: 38
MSCI 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. 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.

	FDIVX	MSCI	Difference
Sharpe ratio Return per unit of total volatility	0.84	-0.11	+0.95
Sortino ratio Return per unit of downside risk	1.24	0.05	+1.19
Omega ratio Gain probability vs. loss probability	1.17	1.01	+0.17
Calmar ratio Return relative to maximum drawdown	1.14	-0.12	+1.27
Martin ratio Return relative to average drawdown	4.54	-0.34	+4.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIVX vs. MSCI - Sharpe Ratio Comparison

The current FDIVX Sharpe Ratio is 0.84, which is higher than the MSCI Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of FDIVX and MSCI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDIVX	MSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	-0.11	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.19	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.75	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.53	-0.06

Correlation

The correlation between FDIVX and MSCI is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDIVX vs. MSCI - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 11.10%, more than MSCI's 1.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	11.10%	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.	1.38%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%

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.

Drawdown Indicators

	FDIVX	MSCI	Difference
Max Drawdown Largest 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 (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 Drawdown Current decline from peak	-12.25%	-16.20%	+3.95%
Average Drawdown Average peak-to-trough decline	-11.72%	-13.12%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	6.48%	-3.36%

Volatility

FDIVX vs. MSCI - Volatility Comparison

Fidelity Diversified International Fund (FDIVX) has a higher volatility of 8.06% compared to MSCI Inc. (MSCI) at 6.58%. This indicates that FDIVX's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIVX	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	6.58%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	21.10%	-8.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	30.07%	-11.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	30.55%	-13.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	31.03%	-14.25%