FDIVX vs. VFWPX

Last updated Jun 25, 2026

FDIVX (Fidelity Diversified International Fund) and VFWPX (Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares) are both Foreign Large Cap Equities funds. Over the past 10 years, FDIVX returned 10.15%/yr vs 10.37%/yr for VFWPX. Their correlation of 0.95 suggests significant overlap in exposure. FDIVX charges 0.66%/yr vs 0.06%/yr for VFWPX.

Performance

FDIVX vs. VFWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Diversified International Fund (FDIVX) and Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIVX achieves a 11.72% return, which is significantly lower than VFWPX's 12.83% return. Both investments have delivered pretty close results over the past 10 years, with FDIVX having a 10.15% annualized return and VFWPX not far ahead at 10.37%.

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%

VFWPX

• 1D: -3.05%
• 1M: 0.49%
• YTD: 12.83%
• 6M: 12.71%
• 1Y: 28.11%
• 3Y*: 19.13%
• 5Y*: 8.59%
• 10Y*: 10.37%

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

FDIVX vs. VFWPX - 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%
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares	12.83%	32.40%	5.48%	15.63%	-15.47%	8.13%	11.40%	21.59%	-13.95%	27.28%

Correlation

The correlation between FDIVX and VFWPX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010	0.95

The correlation between FDIVX and VFWPX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FDIVX vs. VFWPX — Risk / Return Rank

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

FDIVX

FDIVX Risk / Return Rank: 29
FDIVX Sharpe Ratio Rank: 26
FDIVX Sortino Ratio Rank: 25
FDIVX Omega Ratio Rank: 26
FDIVX Calmar Ratio Rank: 31
FDIVX Martin Ratio Rank: 36

VFWPX

VFWPX Risk / Return Rank: 53
VFWPX Sharpe Ratio Rank: 53
VFWPX Sortino Ratio Rank: 48
VFWPX Omega Ratio Rank: 54
VFWPX Calmar Ratio Rank: 56
VFWPX Martin Ratio Rank: 55

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. VFWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX). 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	VFWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.94	-0.62
Sortino ratio: Return per unit of downside risk	1.91	2.61	-0.71
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.93	2.67	-0.74
Martin ratio: Return relative to average drawdown	7.50	10.33	-2.84

FDIVX vs. VFWPX - Sharpe Ratio Comparison

The current FDIVX Sharpe Ratio is 1.32, which is lower than the VFWPX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of FDIVX and VFWPX, 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. VFWPX - Drawdown Comparison

The maximum FDIVX drawdown since its inception was -60.61%, which is greater than VFWPX's maximum drawdown of -34.85%. Use the drawdown chart below to compare losses from any high point for FDIVX and VFWPX.

Drawdown Indicators

	FDIVX	VFWPX	Difference
Max Drawdown Largest peak-to-trough decline	-60.61%	-34.85%	-25.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-11.34%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-13.27%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-35.60%	-29.16%	-6.44%
Max Drawdown (10Y) Largest decline over 10 years	-35.60%	-34.85%	-0.75%
Current Drawdown Current decline from peak	-3.14%	-3.05%	-0.09%
Average Drawdown Average peak-to-trough decline	-11.65%	-7.91%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.93%	+0.25%

Volatility

FDIVX vs. VFWPX - Volatility Comparison

Fidelity Diversified International Fund (FDIVX) has a higher volatility of 7.55% compared to Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares (VFWPX) at 6.93%. This indicates that FDIVX's price experiences larger fluctuations and is considered to be riskier than VFWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIVX	VFWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	6.93%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	13.60%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.07%	15.61%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	15.43%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	15.97%	+0.89%

FDIVX vs. VFWPX - Expense Ratio Comparison

FDIVX has a 0.66% expense ratio, which is higher than VFWPX's 0.06% expense ratio.

Dividends

FDIVX vs. VFWPX - Dividend Comparison

FDIVX's dividend yield for the trailing twelve months is around 9.57%, more than VFWPX's 2.58% 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%
VFWPX Vanguard FTSE All-World ex-US Index Fund Institutional Plus Shares	2.58%	3.10%	3.26%	3.33%	3.12%	3.08%	2.01%	3.12%	3.30%	2.70%	3.00%	2.99%

Frequently Asked Questions

Can I hold both FDIVX and VFWPX in my portfolio?

With a correlation of 0.95, FDIVX and VFWPX 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 VFWPX?

FDIVX has higher volatility (7.55%) compared to VFWPX (6.93%). In terms of maximum drawdown, FDIVX dropped -60.61% vs VFWPX's -34.85%.

Which has better risk-adjusted returns?

VFWPX currently has the higher Sharpe Ratio (1.94 vs 1.32), 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.