FFDI vs. FFGX

Last updated Jun 23, 2026

FFDI (Fidelity Fundamental Developed International ETF) and FFGX (Fidelity Fundamental Global ex-U.S. ETF) are both Foreign Large Cap Equities funds from Fidelity. Over the past year, FFDI returned 18.58% vs 30.36% for FFGX. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

FFDI vs. FFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Developed International ETF (FFDI) and Fidelity Fundamental Global ex-U.S. ETF (FFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFDI achieves a 10.72% return, which is significantly lower than FFGX's 17.68% return.

FFDI

• 1D: 0.55%
• 1M: 4.77%
• YTD: 10.72%
• 6M: 10.81%
• 1Y: 18.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFGX

• 1D: 0.55%
• 1M: 5.85%
• YTD: 17.68%
• 6M: 18.30%
• 1Y: 30.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFDI vs. FFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFDI Fidelity Fundamental Developed International ETF	10.72%	26.66%	-9.21%
FFGX Fidelity Fundamental Global ex-U.S. ETF	17.68%	27.85%	-9.98%

Correlation

The correlation between FFDI and FFGX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.95

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

Return for Risk

FFDI vs. FFGX — Risk / Return Rank

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

FFDI

FFDI Risk / Return Rank: 32
FFDI Sharpe Ratio Rank: 30
FFDI Sortino Ratio Rank: 31
FFDI Omega Ratio Rank: 30
FFDI Calmar Ratio Rank: 33
FFDI Martin Ratio Rank: 39

FFGX

FFGX Risk / Return Rank: 50
FFGX Sharpe Ratio Rank: 48
FFGX Sortino Ratio Rank: 47
FFGX Omega Ratio Rank: 50
FFGX Calmar Ratio Rank: 49
FFGX 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.

FFDI vs. FFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Developed International ETF (FFDI) and Fidelity Fundamental Global ex-U.S. ETF (FFGX). 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.

	FFDI	FFGX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.61	-0.55
Sortino ratio: Return per unit of downside risk	1.61	2.27	-0.66
Omega ratio: Gain probability vs. loss probability	1.20	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.57	2.37	-0.80
Martin ratio: Return relative to average drawdown	5.91	9.21	-3.30

FFDI vs. FFGX - Sharpe Ratio Comparison

The current FFDI Sharpe Ratio is 1.06, which is lower than the FFGX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of FFDI and FFGX, 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

FFDI vs. FFGX - Drawdown Comparison

The maximum FFDI drawdown since its inception was -14.39%, roughly equal to the maximum FFGX drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for FFDI and FFGX.

Drawdown Indicators

	FFDI	FFGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.39%	-14.95%	+0.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-12.86%	+1.01%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.59%	-2.87%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.31%	-0.16%

Volatility

FFDI vs. FFGX - Volatility Comparison

The current volatility for Fidelity Fundamental Developed International ETF (FFDI) is 5.76%, while Fidelity Fundamental Global ex-U.S. ETF (FFGX) has a volatility of 7.56%. This indicates that FFDI experiences smaller price fluctuations and is considered to be less risky than FFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFDI	FFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	7.56%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	16.98%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	18.92%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	20.43%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	20.43%	-0.70%

FFDI vs. FFGX - Expense Ratio Comparison

Both FFDI and FFGX have an expense ratio of 0.55%.

Dividends

FFDI vs. FFGX - Dividend Comparison

FFDI's dividend yield for the trailing twelve months is around 1.95%, more than FFGX's 1.47% yield.

Position	TTM	2025	2024
FFDI Fidelity Fundamental Developed International ETF	1.95%	2.16%	0.39%
FFGX Fidelity Fundamental Global ex-U.S. ETF	1.47%	1.62%	0.40%

Frequently Asked Questions

Can I hold both FFDI and FFGX in my portfolio?

With a correlation of 0.95, FFDI and FFGX 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, FFDI or FFGX?

FFGX has higher volatility (7.56%) compared to FFDI (5.76%). In terms of maximum drawdown, FFDI dropped -14.39% vs FFGX's -14.95%.

Which ETF is better, FFDI or FFGX?

On 1-year performance, FFGX leads with 30.36% vs 18.58% for FFDI. Both ETFs have the same 0.55% expense ratio. On volatility, FFDI has been the lower-risk option at 5.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFDI or FFGX?

Over the 1-year period, FFGX has performed better with a 30.36% return vs 18.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFDI or FFGX?

FFDI and FFGX have the same expense ratio: 0.55% per year.

Which ETF pays a higher dividend yield, FFDI or FFGX?

FFDI has the higher dividend yield at 1.95%, compared with 1.47% for FFGX.

Which has better risk-adjusted returns?

FFGX currently has the higher Sharpe Ratio (1.61 vs 1.06), 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.