FGEAX vs. VGWE.DE

Last updated Jun 6, 2026

FGEAX (Fidelity Advisor Global Capital Appreciation Fund Class A) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both funds - FGEAX is a Global Equities fund managed by Fidelity, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Over the past 5 years, FGEAX returned 14.46%/yr vs 10.44%/yr for VGWE.DE. A 0.52 correlation means they provide meaningful diversification when combined. FGEAX charges 1.15%/yr vs 0.29%/yr for VGWE.DE.

Performance

FGEAX vs. VGWE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FGEAX is traded in USD, while VGWE.DE is traded in EUR. To make them comparable, the VGWE.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FGEAX achieves a 13.32% return, which is significantly higher than VGWE.DE's 11.12% return.

FGEAX

• 1D: 0.03%
• 1M: 3.64%
• YTD: 13.32%
• 6M: 14.36%
• 1Y: 29.53%
• 3Y*: 27.21%
• 5Y*: 14.46%
• 10Y*: 13.38%

VGWE.DE

• 1D: 0.33%
• 1M: 2.01%
• YTD: 11.12%
• 6M: 13.32%
• 1Y: 26.90%
• 3Y*: 18.98%
• 5Y*: 10.44%
• 10Y*: —

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

FGEAX vs. VGWE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A	13.32%	17.85%	38.32%	28.50%	-24.70%	18.91%	24.06%
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	11.12%	27.35%	8.98%	11.30%	-5.49%	17.74%	16.25%

Correlation

The correlation between FGEAX and VGWE.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.52

The correlation between FGEAX and VGWE.DE has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

Return for Risk

FGEAX vs. VGWE.DE — Risk / Return Rank

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

FGEAX

FGEAX Risk / Return Rank: 42
FGEAX Sharpe Ratio Rank: 43
FGEAX Sortino Ratio Rank: 39
FGEAX Omega Ratio Rank: 41
FGEAX Calmar Ratio Rank: 41
FGEAX Martin Ratio Rank: 47

VGWE.DE

VGWE.DE Risk / Return Rank: 81
VGWE.DE Sharpe Ratio Rank: 81
VGWE.DE Sortino Ratio Rank: 83
VGWE.DE Omega Ratio Rank: 79
VGWE.DE Calmar Ratio Rank: 80
VGWE.DE Martin Ratio Rank: 81

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.

FGEAX vs. VGWE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE). 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.

	FGEAX	VGWE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.49	-0.63
Sortino ratio: Return per unit of downside risk	2.51	3.52	-1.01
Omega ratio: Gain probability vs. loss probability	1.33	1.45	-0.12
Calmar ratio: Return relative to maximum drawdown	2.35	3.43	-1.08
Martin ratio: Return relative to average drawdown	9.53	12.36	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGEAX vs. VGWE.DE - Sharpe Ratio Comparison

The current FGEAX Sharpe Ratio is 1.85, which is comparable to the VGWE.DE Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FGEAX and VGWE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGEAX	VGWE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.49	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.77	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.01	-0.60

Drawdowns

FGEAX vs. VGWE.DE - Drawdown Comparison

The maximum FGEAX drawdown since its inception was -61.78%, which is greater than VGWE.DE's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for FGEAX and VGWE.DE.

Drawdown Indicators

	FGEAX	VGWE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-61.78%	-21.04%	-40.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-7.80%	-5.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-12.97%	-6.46%
Max Drawdown (5Y) Largest decline over 5 years	-32.93%	-21.04%	-11.89%
Max Drawdown (10Y) Largest decline over 10 years	-33.04%	—	—
Current Drawdown Current decline from peak	-0.26%	-0.65%	+0.39%
Average Drawdown Average peak-to-trough decline	-13.28%	-3.70%	-9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.17%	+1.03%

Volatility

FGEAX vs. VGWE.DE - Volatility Comparison

Fidelity Advisor Global Capital Appreciation Fund Class A (FGEAX) has a higher volatility of 4.99% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) at 2.75%. This indicates that FGEAX's price experiences larger fluctuations and is considered to be riskier than VGWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGEAX	VGWE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	2.75%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	8.31%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	10.76%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	13.38%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	13.88%	+4.69%

FGEAX vs. VGWE.DE - Expense Ratio Comparison

FGEAX has a 1.15% expense ratio, which is higher than VGWE.DE's 0.29% expense ratio.

Dividends

FGEAX vs. VGWE.DE - Dividend Comparison

FGEAX's dividend yield for the trailing twelve months is around 8.53%, while VGWE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGEAX Fidelity Advisor Global Capital Appreciation Fund Class A	8.53%	9.67%	14.80%	6.42%	0.00%	8.01%	0.00%	0.40%	10.62%	13.66%	1.03%	0.57%
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGEAX and VGWE.DE in my portfolio?

FGEAX and VGWE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.