FHLFX vs. GSIMX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Series International Index Fund (FHLFX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX).

FHLFX is managed by Fidelity. It was launched on Aug 17, 2018. GSIMX is managed by Goldman Sachs. It was launched on Dec 15, 2016.

Performance

FHLFX vs. GSIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series International Index Fund (FHLFX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). The values are adjusted to include any dividend payments, if applicable.

FHLFX vs. GSIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHLFX Fidelity Series International Index Fund	-1.92%	31.96%	3.67%	18.16%	-14.17%	11.23%	8.09%	21.66%	-10.70%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	3.78%	20.85%	9.66%	22.10%	-11.06%	12.50%	15.77%	27.64%	-9.25%

Returns By Period

In the year-to-date period, FHLFX achieves a -1.92% return, which is significantly lower than GSIMX's 3.78% return.

FHLFX

• 1D: 0.47%
• 1M: -10.83%
• YTD: -1.92%
• 6M: 2.52%
• 1Y: 19.92%
• 3Y*: 13.48%
• 5Y*: 7.91%
• 10Y*: —

GSIMX

• 1D: 0.60%
• 1M: -6.12%
• YTD: 3.78%
• 6M: 7.89%
• 1Y: 15.89%
• 3Y*: 17.37%
• 5Y*: 10.41%
• 10Y*: —

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

FHLFX vs. GSIMX - Expense Ratio Comparison

FHLFX has a 0.01% expense ratio, which is lower than GSIMX's 0.76% expense ratio.

GSIMX

Goldman Sachs GQG Partners International Opportunities Fund

FHLFX

Fidelity Series International Index Fund

Return for Risk

FHLFX vs. GSIMX — Risk / Return Rank

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

FHLFX

FHLFX Risk / Return Rank: 61
FHLFX Sharpe Ratio Rank: 61
FHLFX Sortino Ratio Rank: 60
FHLFX Omega Ratio Rank: 58
FHLFX Calmar Ratio Rank: 67
FHLFX Martin Ratio Rank: 62

GSIMX

GSIMX Risk / Return Rank: 74
GSIMX Sharpe Ratio Rank: 73
GSIMX Sortino Ratio Rank: 69
GSIMX Omega Ratio Rank: 73
GSIMX Calmar Ratio Rank: 78
GSIMX Martin Ratio Rank: 77

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.

FHLFX vs. GSIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Index Fund (FHLFX) and Goldman Sachs GQG Partners International Opportunities Fund (GSIMX). 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.

	FHLFX	GSIMX	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.28	-0.17
Sortino ratio Return per unit of downside risk	1.56	1.69	-0.14
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.05
Calmar ratio Return relative to maximum drawdown	1.54	1.81	-0.27
Martin ratio Return relative to average drawdown	5.91	7.41	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHLFX vs. GSIMX - Sharpe Ratio Comparison

The current FHLFX Sharpe Ratio is 1.11, which is comparable to the GSIMX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FHLFX and GSIMX, 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

	FHLFX	GSIMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.28	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.73	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.81	-0.36

Correlation

The correlation between FHLFX and GSIMX is 0.84, 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

FHLFX vs. GSIMX - Dividend Comparison

FHLFX's dividend yield for the trailing twelve months is around 3.53%, less than GSIMX's 4.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHLFX Fidelity Series International Index Fund	3.53%	3.46%	2.98%	2.86%	2.60%	2.47%	1.92%	1.95%	0.62%	0.00%
GSIMX Goldman Sachs GQG Partners International Opportunities Fund	4.93%	5.12%	11.18%	2.36%	4.89%	2.23%	0.18%	0.65%	0.53%	0.16%

Drawdowns

FHLFX vs. GSIMX - Drawdown Comparison

The maximum FHLFX drawdown since its inception was -33.58%, which is greater than GSIMX's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for FHLFX and GSIMX.

Drawdown Indicators

	FHLFX	GSIMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-28.84%	-4.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.37%	-8.75%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-25.37%	-3.99%
Current Drawdown Current decline from peak	-10.83%	-6.12%	-4.71%
Average Drawdown Average peak-to-trough decline	-6.18%	-4.85%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.15%	+0.81%

Volatility

FHLFX vs. GSIMX - Volatility Comparison

Fidelity Series International Index Fund (FHLFX) has a higher volatility of 7.01% compared to Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) at 4.78%. This indicates that FHLFX's price experiences larger fluctuations and is considered to be riskier than GSIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHLFX	GSIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.01%	4.78%	+2.23%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	7.35%	+3.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	12.47%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	14.42%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	15.77%	+1.84%