FGILX vs. FDVV

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Global Equity Income Fund (FGILX) and Fidelity High Dividend ETF (FDVV).

FGILX is managed by Fidelity. It was launched on May 2, 2012. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.

Performance

FGILX vs. FDVV - Performance Comparison

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

FGILX vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGILX Fidelity Global Equity Income Fund	-3.26%	25.99%	13.80%	15.33%	-11.93%	19.05%	14.49%	30.20%	-10.93%	21.68%
FDVV Fidelity High Dividend ETF	-1.78%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Returns By Period

In the year-to-date period, FGILX achieves a -3.26% return, which is significantly lower than FDVV's -1.78% return.

FGILX

• 1D: 0.04%
• 1M: -8.66%
• YTD: -3.26%
• 6M: -0.04%
• 1Y: 16.18%
• 3Y*: 14.69%
• 5Y*: 9.93%
• 10Y*: 10.82%

FDVV

• 1D: 2.35%
• 1M: -5.66%
• YTD: -1.78%
• 6M: 0.65%
• 1Y: 14.82%
• 3Y*: 16.89%
• 5Y*: 12.68%
• 10Y*: —

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

FGILX vs. FDVV - Expense Ratio Comparison

FGILX has a 1.02% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FGILX

Fidelity Global Equity Income Fund

FDVV

Fidelity High Dividend ETF

Return for Risk

FGILX vs. FDVV — Risk / Return Rank

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

FGILX

FGILX Risk / Return Rank: 65
FGILX Sharpe Ratio Rank: 64
FGILX Sortino Ratio Rank: 64
FGILX Omega Ratio Rank: 67
FGILX Calmar Ratio Rank: 60
FGILX Martin Ratio Rank: 71

FDVV

FDVV Risk / Return Rank: 60
FDVV Sharpe Ratio Rank: 58
FDVV Sortino Ratio Rank: 58
FDVV Omega Ratio Rank: 65
FDVV Calmar Ratio Rank: 57
FDVV Martin Ratio Rank: 63

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.

FGILX vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity Income Fund (FGILX) and Fidelity High Dividend ETF (FDVV). 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.

	FGILX	FDVV	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.97	+0.15
Sortino ratio Return per unit of downside risk	1.60	1.41	+0.18
Omega ratio Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio Return relative to maximum drawdown	1.39	1.29	+0.10
Martin ratio Return relative to average drawdown	6.71	5.68	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGILX vs. FDVV - Sharpe Ratio Comparison

The current FGILX Sharpe Ratio is 1.12, which is comparable to the FDVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FGILX and FDVV, 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

	FGILX	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.97	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.86	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.74	+0.03

Correlation

The correlation between FGILX and FDVV is 0.88, 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

FGILX vs. FDVV - Dividend Comparison

FGILX's dividend yield for the trailing twelve months is around 2.13%, less than FDVV's 3.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGILX Fidelity Global Equity Income Fund	2.13%	2.06%	2.38%	1.25%	1.21%	11.94%	3.17%	1.51%	6.23%	2.10%	1.27%	2.75%
FDVV Fidelity High Dividend ETF	3.00%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%

Drawdowns

FGILX vs. FDVV - Drawdown Comparison

The maximum FGILX drawdown since its inception was -30.59%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FGILX and FDVV.

Drawdown Indicators

	FGILX	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-30.59%	-40.25%	+9.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-12.34%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-20.18%	-1.22%
Max Drawdown (10Y) Largest decline over 10 years	-30.59%	—	—
Current Drawdown Current decline from peak	-8.66%	-7.04%	-1.62%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.85%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.81%	-0.57%

Volatility

FGILX vs. FDVV - Volatility Comparison

Fidelity Global Equity Income Fund (FGILX) has a higher volatility of 4.92% compared to Fidelity High Dividend ETF (FDVV) at 4.48%. This indicates that FGILX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGILX	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	4.48%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	7.68%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	15.34%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	14.74%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	17.09%	-2.58%