FIADX vs. VWIGX

Last updated Jun 24, 2026

FIADX (Fidelity Advisor International Discovery Fund Class I) and VWIGX (Vanguard International Growth Fund Investor Shares) are both Foreign Large Cap Equities funds. Over the past 10 years, FIADX returned 10.33%/yr vs 10.55%/yr for VWIGX. Their correlation of 0.91 suggests significant overlap in exposure. FIADX charges 1.02%/yr vs 0.38%/yr for VWIGX.

Performance

FIADX vs. VWIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Discovery Fund Class I (FIADX) and Vanguard International Growth Fund Investor Shares (VWIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIADX achieves a 14.81% return, which is significantly higher than VWIGX's 5.58% return. Both investments have delivered pretty close results over the past 10 years, with FIADX having a 10.33% annualized return and VWIGX not far ahead at 10.55%.

FIADX

• 1D: 0.42%
• 1M: 4.34%
• YTD: 14.81%
• 6M: 14.97%
• 1Y: 26.96%
• 3Y*: 19.42%
• 5Y*: 7.40%
• 10Y*: 10.33%

VWIGX

• 1D: -0.34%
• 1M: 2.27%
• YTD: 5.58%
• 6M: 5.58%
• 1Y: 13.22%
• 3Y*: 12.52%
• 5Y*: -1.34%
• 10Y*: 10.55%

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

FIADX vs. VWIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIADX Fidelity Advisor International Discovery Fund Class I	14.81%	27.54%	10.92%	14.16%	-24.83%	11.05%	21.40%	27.49%	-17.18%	30.29%
VWIGX Vanguard International Growth Fund Investor Shares	5.58%	19.96%	9.07%	14.65%	-30.86%	-11.18%	59.57%	31.36%	-12.68%	42.98%

Correlation

The correlation between FIADX and VWIGX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 1, 2004	0.91

The correlation between FIADX and VWIGX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

FIADX vs. VWIGX — Risk / Return Rank

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

FIADX

FIADX Risk / Return Rank: 35
FIADX Sharpe Ratio Rank: 34
FIADX Sortino Ratio Rank: 32
FIADX Omega Ratio Rank: 33
FIADX Calmar Ratio Rank: 36
FIADX Martin Ratio Rank: 39

VWIGX

VWIGX Risk / Return Rank: 11
VWIGX Sharpe Ratio Rank: 10
VWIGX Sortino Ratio Rank: 10
VWIGX Omega Ratio Rank: 10
VWIGX Calmar Ratio Rank: 11
VWIGX Martin Ratio Rank: 12

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.

FIADX vs. VWIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class I (FIADX) and Vanguard International Growth Fund Investor Shares (VWIGX). 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.

	FIADX	VWIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.76	+0.78
Sortino ratio: Return per unit of downside risk	2.18	1.16	+1.02
Omega ratio: Gain probability vs. loss probability	1.28	1.14	+0.13
Calmar ratio: Return relative to maximum drawdown	2.13	1.02	+1.11
Martin ratio: Return relative to average drawdown	8.09	3.24	+4.85

FIADX vs. VWIGX - Sharpe Ratio Comparison

The current FIADX Sharpe Ratio is 1.54, which is higher than the VWIGX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of FIADX and VWIGX, 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

FIADX vs. VWIGX - Drawdown Comparison

The maximum FIADX drawdown since its inception was -60.44%, roughly equal to the maximum VWIGX drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for FIADX and VWIGX.

Drawdown Indicators

	FIADX	VWIGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.44%	-59.58%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-14.06%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-20.04%	+5.39%
Max Drawdown (5Y) Largest decline over 5 years	-36.55%	-52.69%	+16.14%
Max Drawdown (10Y) Largest decline over 10 years	-36.55%	-53.25%	+16.70%
Current Drawdown Current decline from peak	0.00%	-13.97%	+13.97%
Average Drawdown Average peak-to-trough decline	-13.60%	-13.80%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	4.40%	-0.96%

Volatility

FIADX vs. VWIGX - Volatility Comparison

Fidelity Advisor International Discovery Fund Class I (FIADX) and Vanguard International Growth Fund Investor Shares (VWIGX) have volatilities of 6.44% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIADX	VWIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	6.59%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	15.50%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	18.81%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	23.39%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	21.64%	-4.59%

FIADX vs. VWIGX - Expense Ratio Comparison

FIADX has a 1.02% expense ratio, which is higher than VWIGX's 0.38% expense ratio.

Dividends

FIADX vs. VWIGX - Dividend Comparison

FIADX's dividend yield for the trailing twelve months is around 6.10%, less than VWIGX's 6.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIADX Fidelity Advisor International Discovery Fund Class I	6.10%	7.00%	3.00%	1.90%	0.35%	11.29%	3.68%	2.29%	3.83%	4.02%	1.80%	0.01%
VWIGX Vanguard International Growth Fund Investor Shares	6.39%	6.74%	9.68%	1.82%	6.90%	2.36%	2.28%	1.20%	5.34%	0.84%	1.26%	1.39%

Frequently Asked Questions

Can I hold both FIADX and VWIGX in my portfolio?

FIADX and VWIGX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIADX or VWIGX?

VWIGX has higher volatility (6.59%) compared to FIADX (6.44%). In terms of maximum drawdown, FIADX dropped -60.44% vs VWIGX's -59.58%.

Which has better risk-adjusted returns?

FIADX currently has the higher Sharpe Ratio (1.54 vs 0.76), 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.