FDIVX vs. SPYG

Last updated Aug 1, 2026

FDIVX (Fidelity Diversified International Fund) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both funds - FDIVX is a Foreign Large Cap Equities fund actively managed by Fidelity, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. FDIVX is actively managed, while SPYG is passively managed. Over the past 10 years, FDIVX returned 9.44%/yr vs 17.38%/yr for SPYG. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FDIVX charges 0.66%/yr vs 0.04%/yr for SPYG.

Performance

FDIVX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Diversified International Fund (FDIVX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIVX achieves a 12.40% return, which is significantly higher than SPYG's 10.06% return. Over the past 10 years, FDIVX has underperformed SPYG with an annualized return of 9.44%, while SPYG has yielded a comparatively higher 17.38% annualized return.

FDIVX

• 1D: 3.52%
• 1M: -0.78%
• 6M: 6.70%
• YTD: 12.40%
• 1Y: 24.41%
• 3Y*: 15.77%
• 5Y*: 7.31%
• 10Y*: 9.44%
• ALL TIME*: 8.36%

SPYG

• 1D: 1.45%
• 1M: -0.05%
• 6M: 9.50%
• YTD: 10.06%
• 1Y: 21.72%
• 3Y*: 24.04%
• 5Y*: 13.28%
• 10Y*: 17.38%
• ALL TIME*: 7.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDIVX Fidelity Diversified International Fund	$0.00	$0.00	$0.00
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	$321.11M	$273.47M	$308.09M

FDIVX vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIVX Fidelity Diversified International Fund	12.40%	27.75%	6.54%	17.74%	-23.86%	12.79%	18.91%	29.72%	-15.31%	25.31%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	10.06%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	27.24%

Correlation

The correlation between FDIVX and SPYG is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.71

The correlation between FDIVX and SPYG has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

Return for Risk

FDIVX vs. SPYG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDIVX

FDIVX Risk / Return Rank: 46
FDIVX Sharpe Ratio Rank: 43
FDIVX Sortino Ratio Rank: 44
FDIVX Omega Ratio Rank: 42
FDIVX Calmar Ratio Rank: 50
FDIVX Martin Ratio Rank: 51

SPYG

SPYG Risk / Return Rank: 43
SPYG Sharpe Ratio Rank: 44
SPYG Sortino Ratio Rank: 44
SPYG Omega Ratio Rank: 41
SPYG Calmar Ratio Rank: 40
SPYG Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDIVX vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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	SPYG	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.08	+0.12
Sortino ratio: Return per unit of downside risk	1.76	1.58	+0.18
Omega ratio: Gain probability vs. loss probability	1.22	1.19	+0.03
Calmar ratio: Return relative to maximum drawdown	1.81	1.42	+0.39
Martin ratio: Return relative to average drawdown	6.82	5.17	+1.65

FDIVX vs. SPYG - Sharpe Ratio Comparison

The current FDIVX Sharpe Ratio is 1.20, which is comparable to the SPYG Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of FDIVX and SPYG, 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. SPYG - Drawdown Comparison

The maximum FDIVX drawdown since its inception was -60.61%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for FDIVX and SPYG.

Drawdown Indicators

	FDIVX	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-67.63%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-13.76%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-22.14%	+7.51%
Max Drawdown (5Y) Largest decline over 5 years	-35.60%	-32.67%	-2.93%
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	-32.67%	-2.93%
Current Drawdown Current decline from peak	-2.55%	-4.33%	+1.78%
Average Drawdown Average peak-to-trough decline	-11.63%	-24.20%	+12.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	3.78%	-0.49%

Volatility

FDIVX vs. SPYG - Volatility Comparison

Fidelity Diversified International Fund (FDIVX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 6.13% and 6.08%, 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	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	6.08%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	14.85%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	18.18%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	21.50%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	20.79%	-3.91%

FDIVX vs. SPYG - Expense Ratio Comparison

FDIVX has a 0.66% expense ratio, which is higher than SPYG's 0.04% expense ratio.

Dividends

FDIVX vs. SPYG - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 9.51%, more than SPYG's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	9.51%	10.69%	3.93%	4.29%	1.34%	10.59%	0.97%	1.32%	7.32%	4.22%	1.36%	0.46%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.49%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both FDIVX and SPYG in my portfolio?

FDIVX and SPYG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIVX or SPYG?

FDIVX has higher volatility (6.13%) compared to SPYG (6.08%). In terms of maximum drawdown, FDIVX dropped -60.61% vs SPYG's -67.63%.

Which has better risk-adjusted returns?

FDIVX currently has the higher Sharpe Ratio (1.20 vs 1.08), 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.