FGILX vs. CDDYX

Last updated Aug 4, 2026

FGILX (Fidelity Global Equity Income Fund) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - FGILX is a Dividend fund managed by Fidelity, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, FGILX returned 12.08%/yr vs 12.74%/yr for CDDYX. Their correlation of 0.88 means they have usually moved in the same direction. FGILX charges 1.02%/yr vs 0.55%/yr for CDDYX.

Performance

FGILX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Global Equity Income Fund (FGILX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGILX achieves a 10.92% return, which is significantly lower than CDDYX's 12.30% return. Over the past 10 years, FGILX has underperformed CDDYX with an annualized return of 12.08%, while CDDYX has yielded a comparatively higher 12.74% annualized return.

FGILX

• 1D: 0.07%
• 1M: 0.39%
• 6M: 7.63%
• YTD: 10.92%
• 1Y: 22.09%
• 3Y*: 17.80%
• 5Y*: 11.41%
• 10Y*: 12.08%
• ALL TIME*: 11.27%

CDDYX

• 1D: 0.00%
• 1M: 0.73%
• 6M: 7.24%
• YTD: 12.30%
• 1Y: 22.14%
• 3Y*: 15.50%
• 5Y*: 11.19%
• 10Y*: 12.74%
• ALL TIME*: 13.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDDYX Columbia Dividend Income Fund Institutional 3 Class	$0.00	$0.00	$0.00
FGILX Fidelity Global Equity Income Fund	$0.00	$0.00	$0.00

FGILX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGILX Fidelity Global Equity Income Fund	10.92%	25.99%	13.80%	15.33%	-11.93%	19.05%	14.49%	30.20%	-10.93%	21.68%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	12.30%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between FGILX and CDDYX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.88

The correlation between FGILX and CDDYX shifts across timeframes, from 0.72 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FGILX vs. CDDYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGILX

FGILX Risk / Return Rank: 75
FGILX Sharpe Ratio Rank: 75
FGILX Sortino Ratio Rank: 74
FGILX Omega Ratio Rank: 73
FGILX Calmar Ratio Rank: 73
FGILX Martin Ratio Rank: 81

CDDYX

CDDYX Risk / Return Rank: 91
CDDYX Sharpe Ratio Rank: 91
CDDYX Sortino Ratio Rank: 90
CDDYX Omega Ratio Rank: 87
CDDYX Calmar Ratio Rank: 93
CDDYX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGILX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity Income Fund (FGILX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	FGILX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.35	-0.55
Sortino ratio: Return per unit of downside risk	2.58	3.44	-0.85
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.11
Calmar ratio: Return relative to maximum drawdown	2.45	3.91	-1.46
Martin ratio: Return relative to average drawdown	10.40	14.96	-4.56

FGILX vs. CDDYX - Sharpe Ratio Comparison

The current FGILX Sharpe Ratio is 1.80, which is comparable to the CDDYX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of FGILX and CDDYX, 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

FGILX vs. CDDYX - Drawdown Comparison

The maximum FGILX drawdown since its inception was -30.59%, smaller than the maximum CDDYX drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for FGILX and CDDYX.

Drawdown Indicators

	FGILX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-30.59%	-32.74%	+2.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-5.51%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-12.99%	+0.70%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-16.91%	-4.49%
Max Drawdown (10Y) Largest decline over 10 years	-30.59%	-32.74%	+2.15%
Current Drawdown Current decline from peak	-0.98%	-1.17%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.60%	-2.74%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.45%	+0.60%

Volatility

FGILX vs. CDDYX - Volatility Comparison

Fidelity Global Equity Income Fund (FGILX) has a higher volatility of 3.06% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.41%. This indicates that FGILX's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGILX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.41%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	6.73%	+3.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	9.20%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.61%	13.22%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	15.66%	-1.19%

FGILX vs. CDDYX - Expense Ratio Comparison

FGILX has a 1.02% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

FGILX vs. CDDYX - Dividend Comparison

FGILX's dividend yield for the trailing twelve months is around 1.90%, less than CDDYX's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.79%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
FGILX Fidelity Global Equity Income Fund	1.90%	2.06%	2.38%	1.25%	1.21%	11.94%	3.17%	1.51%	6.23%	2.10%	1.27%	2.75%

Frequently Asked Questions

Can I hold both FGILX and CDDYX in my portfolio?

FGILX and CDDYX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGILX or CDDYX?

FGILX has higher volatility (3.06%) compared to CDDYX (2.41%). In terms of maximum drawdown, FGILX dropped -30.59% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.35 vs 1.80), 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.