FDSVX vs. FDIVX

Last updated Jul 22, 2026

FDSVX (Fidelity Growth Discovery Fund) and FDIVX (Fidelity Diversified International Fund) are both mutual funds - FDSVX is a Large Cap Growth Equities fund actively managed by Fidelity, while FDIVX is a Foreign Large Cap Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FDSVX returned 17.98%/yr vs 9.38%/yr for FDIVX. A 0.72 correlation means they provide meaningful diversification when combined. FDSVX charges 0.62%/yr vs 0.66%/yr for FDIVX.

Performance

FDSVX vs. FDIVX - Performance Comparison

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

Returns By Period

In the year-to-date period, FDSVX achieves a 7.88% return, which is significantly lower than FDIVX's 9.81% return. Over the past 10 years, FDSVX has outperformed FDIVX with an annualized return of 17.98%, while FDIVX has yielded a comparatively lower 9.38% annualized return.

FDSVX

• 1D: -0.01%
• 1M: -4.57%
• 6M: 9.14%
• YTD: 7.88%
• 1Y: 14.20%
• 3Y*: 20.48%
• 5Y*: 12.18%
• 10Y*: 17.98%
• ALL TIME*: 10.81%

FDIVX

• 1D: -0.80%
• 1M: -4.37%
• 6M: 7.04%
• YTD: 9.81%
• 1Y: 19.03%
• 3Y*: 15.04%
• 5Y*: 7.09%
• 10Y*: 9.38%
• ALL TIME*: 8.29%

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

FDSVX vs. FDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDSVX Fidelity Growth Discovery Fund	7.88%	15.14%	30.19%	35.63%	-24.43%	22.93%	43.43%	33.77%	-0.33%	34.63%
FDIVX Fidelity Diversified International Fund	9.81%	27.75%	6.54%	17.74%	-23.86%	12.79%	18.91%	29.72%	-15.31%	25.31%

Correlation

The correlation between FDSVX and FDIVX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 31, 1998	0.72

The correlation between FDSVX and FDIVX has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

Return for Risk

FDSVX vs. FDIVX — Risk / Return Rank

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

FDSVX

FDSVX Risk / Return Rank: 17
FDSVX Sharpe Ratio Rank: 15
FDSVX Sortino Ratio Rank: 15
FDSVX Omega Ratio Rank: 15
FDSVX Calmar Ratio Rank: 18
FDSVX Martin Ratio Rank: 22

FDIVX

FDIVX Risk / Return Rank: 28
FDIVX Sharpe Ratio Rank: 25
FDIVX Sortino Ratio Rank: 25
FDIVX Omega Ratio Rank: 25
FDIVX Calmar Ratio Rank: 30
FDIVX Martin Ratio Rank: 35

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.

FDSVX vs. FDIVX - Risk-Adjusted Trends Comparison

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

	FDSVX	FDIVX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.06	-0.28
Sortino ratio: Return per unit of downside risk	1.16	1.56	-0.40
Omega ratio: Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	1.14	1.57	-0.43
Martin ratio: Return relative to average drawdown	3.94	5.99	-2.05

FDSVX vs. FDIVX - Sharpe Ratio Comparison

The current FDSVX Sharpe Ratio is 0.78, which is comparable to the FDIVX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FDSVX and FDIVX, 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

FDSVX vs. FDIVX - Drawdown Comparison

The maximum FDSVX drawdown since its inception was -59.34%, roughly equal to the maximum FDIVX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for FDSVX and FDIVX.

Drawdown Indicators

	FDSVX	FDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-60.61%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-12.38%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-23.42%	-14.63%	-8.79%
Max Drawdown (5Y) Largest decline over 5 years	-29.83%	-35.60%	+5.77%
Max Drawdown (10Y) Largest decline over 10 years	-31.09%	-35.60%	+4.51%
Current Drawdown Current decline from peak	-6.56%	-4.80%	-1.76%
Average Drawdown Average peak-to-trough decline	-12.56%	-11.63%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	3.25%	+0.37%

Volatility

FDSVX vs. FDIVX - Volatility Comparison

Fidelity Growth Discovery Fund (FDSVX) has a higher volatility of 6.50% compared to Fidelity Diversified International Fund (FDIVX) at 5.84%. This indicates that FDSVX's price experiences larger fluctuations and is considered to be riskier than FDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDSVX	FDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	5.84%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	16.13%	-1.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.32%	18.42%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	17.44%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	16.83%	+3.88%

FDSVX vs. FDIVX - Expense Ratio Comparison

FDSVX has a 0.62% expense ratio, which is lower than FDIVX's 0.66% expense ratio.

Dividends

FDSVX vs. FDIVX - Dividend Comparison

FDSVX's dividend yield for the trailing twelve months is around 1.47%, less than FDIVX's 9.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIVX Fidelity Diversified International Fund	9.73%	10.69%	3.93%	4.29%	1.34%	10.59%	0.97%	1.32%	7.32%	4.22%	1.36%	0.46%
FDSVX Fidelity Growth Discovery Fund	1.47%	1.58%	12.81%	2.55%	3.65%	13.46%	9.63%	4.28%	5.02%	4.87%	0.09%	0.17%

Frequently Asked Questions

Can I hold both FDSVX and FDIVX in my portfolio?

FDSVX and FDIVX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDSVX or FDIVX?

FDSVX has higher volatility (6.50%) compared to FDIVX (5.84%). In terms of maximum drawdown, FDSVX dropped -59.34% vs FDIVX's -60.61%.

Which has better risk-adjusted returns?

FDIVX currently has the higher Sharpe Ratio (1.06 vs 0.78), 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.