FHLFX vs. BDOKX
FHLFX (Fidelity Series International Index Fund) and BDOKX (iShares MSCI Total International Index Fund Class K) are both Foreign Large Cap Equities funds. Over the past 5 years, FHLFX returned 8.69%/yr vs 8.27%/yr for BDOKX. With a 0.95 correlation, they move nearly in lockstep. FHLFX charges 0.01%/yr vs 0.09%/yr for BDOKX.
Performance
FHLFX vs. BDOKX - Performance Comparison
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Returns By Period
In the year-to-date period, FHLFX achieves a 8.47% return, which is significantly lower than BDOKX's 12.99% return.
FHLFX
- 1D
- -2.03%
- 1M
- 0.00%
- YTD
- 8.47%
- 6M
- 8.18%
- 1Y
- 20.64%
- 3Y*
- 16.90%
- 5Y*
- 8.69%
- 10Y*
- —
BDOKX
- 1D
- -3.11%
- 1M
- 0.69%
- YTD
- 12.99%
- 6M
- 12.91%
- 1Y
- 28.08%
- 3Y*
- 19.04%
- 5Y*
- 8.27%
- 10Y*
- 10.16%
FHLFX vs. BDOKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 8.47% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
BDOKX iShares MSCI Total International Index Fund Class K | 12.99% | 32.56% | 5.37% | 15.26% | -16.40% | 7.68% | 10.77% | 23.11% | -10.98% |
Correlation
The correlation between FHLFX and BDOKX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.95 |
The correlation between FHLFX and BDOKX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FHLFX vs. BDOKX — Risk / Return Rank
FHLFX
BDOKX
FHLFX vs. BDOKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Index Fund (FHLFX) and iShares MSCI Total International Index Fund Class K (BDOKX). 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.
| FHLFX | BDOKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.65 | -0.70 |
| Martin ratioReturn relative to average drawdown | 7.30 | 10.28 | -2.98 |
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Drawdowns
FHLFX vs. BDOKX - Drawdown Comparison
The maximum FHLFX drawdown since its inception was -33.58%, roughly equal to the maximum BDOKX drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for FHLFX and BDOKX.
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Drawdown Indicators
| FHLFX | BDOKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.58% | -34.22% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -11.38% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.62% | -13.54% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.36% | -30.00% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.22% | — |
Current DrawdownCurrent decline from peak | -2.03% | -3.11% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -8.20% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.93% | +0.11% |
Volatility
FHLFX vs. BDOKX - Volatility Comparison
The current volatility for Fidelity Series International Index Fund (FHLFX) is 5.20%, while iShares MSCI Total International Index Fund Class K (BDOKX) has a volatility of 7.21%. This indicates that FHLFX experiences smaller price fluctuations and is considered to be less risky than BDOKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLFX | BDOKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 7.21% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 13.94% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 15.97% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 15.72% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 16.17% | +1.49% |
FHLFX vs. BDOKX - Expense Ratio Comparison
FHLFX has a 0.01% expense ratio, which is lower than BDOKX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FHLFX vs. BDOKX - Dividend Comparison
FHLFX's dividend yield for the trailing twelve months is around 3.19%, more than BDOKX's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDOKX iShares MSCI Total International Index Fund Class K | 2.55% | 3.01% | 2.84% | 2.94% | 2.84% | 3.01% | 1.98% | 4.48% | 3.28% | 1.81% | 3.51% | 3.87% |
FHLFX Fidelity Series International Index Fund | 3.19% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, FHLFX and BDOKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BDOKX has higher volatility (7.21%) compared to FHLFX (5.20%). In terms of maximum drawdown, FHLFX dropped -33.58% vs BDOKX's -34.22%.
BDOKX currently has the higher Sharpe Ratio (1.89 vs 1.45), 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.
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