FFGX vs. FSGGX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Fundamental Global ex-U.S. ETF (FFGX) and Fidelity Global ex U.S. Index Fund (FSGGX).

FFGX is an actively managed fund by Fidelity. It was launched on Nov 19, 2024. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.

Performance

FFGX vs. FSGGX - Performance Comparison

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

FFGX vs. FSGGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFGX Fidelity Fundamental Global ex-U.S. ETF	0.24%	27.85%	-2.87%
FSGGX Fidelity Global ex U.S. Index Fund	-1.18%	32.93%	-1.22%

Returns By Period

In the year-to-date period, FFGX achieves a 0.24% return, which is significantly higher than FSGGX's -1.18% return.

FFGX

• 1D: 3.99%
• 1M: -8.67%
• YTD: 0.24%
• 6M: 2.81%
• 1Y: 20.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSGGX

• 1D: -0.05%
• 1M: -11.05%
• YTD: -1.18%
• 6M: 3.57%
• 1Y: 23.73%
• 3Y*: 14.32%
• 5Y*: 6.96%
• 10Y*: 8.09%

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

FFGX vs. FSGGX - Expense Ratio Comparison

FFGX has a 0.55% expense ratio, which is higher than FSGGX's 0.06% expense ratio.

FFGX

Fidelity Fundamental Global ex-U.S. ETF

FSGGX

Fidelity Global ex U.S. Index Fund

Return for Risk

FFGX vs. FSGGX — Risk / Return Rank

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

FFGX

FFGX Risk / Return Rank: 60
FFGX Sharpe Ratio Rank: 59
FFGX Sortino Ratio Rank: 60
FFGX Omega Ratio Rank: 61
FFGX Calmar Ratio Rank: 59
FFGX Martin Ratio Rank: 59

FSGGX

FSGGX Risk / Return Rank: 78
FSGGX Sharpe Ratio Rank: 79
FSGGX Sortino Ratio Rank: 78
FSGGX Omega Ratio Rank: 76
FSGGX Calmar Ratio Rank: 80
FSGGX Martin Ratio Rank: 77

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.

FFGX vs. FSGGX - Risk-Adjusted Trends Comparison

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

	FFGX	FSGGX	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.42	-0.36
Sortino ratio Return per unit of downside risk	1.56	1.93	-0.37
Omega ratio Gain probability vs. loss probability	1.23	1.29	-0.06
Calmar ratio Return relative to maximum drawdown	1.52	1.89	-0.37
Martin ratio Return relative to average drawdown	5.95	7.45	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFGX vs. FSGGX - Sharpe Ratio Comparison

The current FFGX Sharpe Ratio is 1.06, which is comparable to the FSGGX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FFGX and FSGGX, 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

	FFGX	FSGGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.42	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.43	+0.54

Correlation

The correlation between FFGX and FSGGX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FFGX vs. FSGGX - Dividend Comparison

FFGX's dividend yield for the trailing twelve months is around 1.60%, less than FSGGX's 2.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFGX Fidelity Fundamental Global ex-U.S. ETF	1.60%	1.62%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSGGX Fidelity Global ex U.S. Index Fund	2.73%	2.70%	2.91%	2.95%	2.64%	2.60%	1.71%	2.85%	2.66%	0.22%	0.05%	2.44%

Drawdowns

FFGX vs. FSGGX - Drawdown Comparison

The maximum FFGX drawdown since its inception was -14.79%, smaller than the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FFGX and FSGGX.

Drawdown Indicators

	FFGX	FSGGX	Difference
Max Drawdown Largest peak-to-trough decline	-14.79%	-34.76%	+19.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-11.26%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.76%	—
Current Drawdown Current decline from peak	-9.38%	-11.26%	+1.88%
Average Drawdown Average peak-to-trough decline	-2.09%	-7.41%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.85%	+0.43%

Volatility

FFGX vs. FSGGX - Volatility Comparison

Fidelity Fundamental Global ex-U.S. ETF (FFGX) has a higher volatility of 9.96% compared to Fidelity Global ex U.S. Index Fund (FSGGX) at 7.25%. This indicates that FFGX's price experiences larger fluctuations and is considered to be riskier than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFGX	FSGGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	7.25%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	10.84%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	19.30%	16.10%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	15.10%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	16.09%	+2.23%