FGILX vs. VGPMX

Last updated Jun 4, 2026

FGILX (Fidelity Global Equity Income Fund) and VGPMX (Vanguard Global Capital Cycles Fund) are both Global Equities funds. Over the past 10 years, FGILX returned 12.33%/yr vs 11.53%/yr for VGPMX. A 0.59 correlation means they provide meaningful diversification when combined. FGILX charges 1.02%/yr vs 0.36%/yr for VGPMX.

Performance

FGILX vs. VGPMX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGILX achieves a 12.02% return, which is significantly lower than VGPMX's 21.14% return. Over the past 10 years, FGILX has outperformed VGPMX with an annualized return of 12.33%, while VGPMX has yielded a comparatively lower 11.53% annualized return.

FGILX

• 1D: 0.51%
• 1M: 4.90%
• YTD: 12.02%
• 6M: 13.09%
• 1Y: 25.64%
• 3Y*: 19.89%
• 5Y*: 11.85%
• 10Y*: 12.33%

VGPMX

• 1D: 1.33%
• 1M: 6.96%
• YTD: 21.14%
• 6M: 25.95%
• 1Y: 66.86%
• 3Y*: 31.54%
• 5Y*: 20.51%
• 10Y*: 11.53%

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

FGILX vs. VGPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGILX Fidelity Global Equity Income Fund	12.02%	25.99%	13.80%	15.33%	-11.93%	19.05%	14.49%	30.20%	-10.93%	21.68%
VGPMX Vanguard Global Capital Cycles Fund	21.14%	65.96%	5.78%	10.06%	7.34%	19.50%	17.21%	20.67%	-32.26%	13.75%

Correlation

The correlation between FGILX and VGPMX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since May 4, 2012	0.59

The correlation between FGILX and VGPMX shifts across timeframes, from 0.59 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.

FGILX vs. VGPMX - Sectors Allocation Comparison

Sectors	FGILX	VGPMX
Technology	25.8%	9.5%
Financial Services	13.8%	5.7%
Industrials	12.8%	2.6%
Healthcare	12.0%	11.9%
Communication Services	8.4%	6.5%
Consumer Cyclical	8.0%	5.1%
Consumer Defensive	7.7%	9.4%
Energy	4.4%	4.4%
Utilities	3.6%	4.7%
Basic Materials	2.6%	38.0%
Real Estate	1.1%	2.2%

Return for Risk

FGILX vs. VGPMX — Risk / Return Rank

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

FGILX

FGILX Risk / Return Rank: 63
FGILX Sharpe Ratio Rank: 63
FGILX Sortino Ratio Rank: 62
FGILX Omega Ratio Rank: 61
FGILX Calmar Ratio Rank: 60
FGILX Martin Ratio Rank: 70

VGPMX

VGPMX Risk / Return Rank: 95
VGPMX Sharpe Ratio Rank: 98
VGPMX Sortino Ratio Rank: 94
VGPMX Omega Ratio Rank: 92
VGPMX Calmar Ratio Rank: 93
VGPMX Martin Ratio Rank: 95

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. VGPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity Income Fund (FGILX) and Vanguard Global Capital Cycles Fund (VGPMX). 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	VGPMX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	4.02	-1.70
Sortino ratio: Return per unit of downside risk	3.30	4.82	-1.52
Omega ratio: Gain probability vs. loss probability	1.44	1.69	-0.26
Calmar ratio: Return relative to maximum drawdown	2.98	5.25	-2.27
Martin ratio: Return relative to average drawdown	13.43	21.90	-8.48
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. VGPMX - Sharpe Ratio Comparison

The current FGILX Sharpe Ratio is 2.33, which is lower than the VGPMX Sharpe Ratio of 4.02. The chart below compares the historical Sharpe Ratios of FGILX and VGPMX, 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

	FGILX	VGPMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	4.02	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	1.19	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.55	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.26	+0.58

Drawdowns

FGILX vs. VGPMX - Drawdown Comparison

The maximum FGILX drawdown since its inception was -30.59%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for FGILX and VGPMX.

Drawdown Indicators

	FGILX	VGPMX	Difference
Max Drawdown Largest peak-to-trough decline	-30.59%	-78.85%	+48.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-12.80%	+4.11%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-14.63%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.40%	-22.71%	+1.31%
Max Drawdown (10Y) Largest decline over 10 years	-30.59%	-54.59%	+24.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.63%	-34.55%	+30.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	3.06%	-1.13%

Volatility

FGILX vs. VGPMX - Volatility Comparison

The current volatility for Fidelity Global Equity Income Fund (FGILX) is 3.31%, while Vanguard Global Capital Cycles Fund (VGPMX) has a volatility of 5.98%. This indicates that FGILX experiences smaller price fluctuations and is considered to be less risky than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGILX	VGPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	5.98%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	13.83%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	16.76%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	17.38%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	20.87%	-6.29%

FGILX vs. VGPMX - Expense Ratio Comparison

FGILX has a 1.02% expense ratio, which is higher than VGPMX's 0.36% expense ratio.

Dividends

FGILX vs. VGPMX - Dividend Comparison

FGILX's dividend yield for the trailing twelve months is around 1.81%, less than VGPMX's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGILX Fidelity Global Equity Income Fund	1.81%	2.06%	2.38%	1.25%	1.21%	11.94%	3.17%	1.51%	6.23%	2.10%	1.27%	2.75%
VGPMX Vanguard Global Capital Cycles Fund	3.22%	2.59%	2.68%	3.22%	3.27%	3.26%	2.03%	2.39%	3.02%	0.02%	1.72%	2.32%

Frequently Asked Questions

Can I hold both FGILX and VGPMX in my portfolio?

FGILX and VGPMX have a correlation of 0.73, 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 VGPMX?

VGPMX has higher volatility (5.98%) compared to FGILX (3.31%). In terms of maximum drawdown, FGILX dropped -30.59% vs VGPMX's -78.85%.

Which has better risk-adjusted returns?

VGPMX currently has the higher Sharpe Ratio (4.02 vs 2.33), 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.