FIDEX vs. FSSGX

Last updated Jun 13, 2026

FIDEX (Fidelity SAI Sustainable U.S. Equity Fund) and FSSGX (Fidelity SAI Sustainable Emerging Markets Equity Fund) are both mutual funds - FIDEX is a Large Cap Blend Equities fund actively managed by Fidelity, while FSSGX is a Emerging Markets Diversified fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FIDEX returned 19.66%/yr vs 24.72%/yr for FSSGX. A 0.68 correlation means they provide meaningful diversification when combined. FIDEX charges 0.56%/yr vs 0.95%/yr for FSSGX.

Performance

FIDEX vs. FSSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) and Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDEX achieves a 11.89% return, which is significantly lower than FSSGX's 27.61% return.

FIDEX

• 1D: 2.43%
• 1M: 0.12%
• YTD: 11.89%
• 6M: 12.99%
• 1Y: 29.25%
• 3Y*: 19.66%
• 5Y*: —
• 10Y*: —

FSSGX

• 1D: 4.61%
• 1M: -1.10%
• YTD: 27.61%
• 6M: 30.53%
• 1Y: 54.48%
• 3Y*: 24.72%
• 5Y*: —
• 10Y*: —

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

FIDEX vs. FSSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FIDEX Fidelity SAI Sustainable U.S. Equity Fund	11.89%	15.80%	21.44%	24.99%	-8.88%
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	27.61%	38.40%	7.34%	11.67%	-7.56%

Correlation

The correlation between FIDEX and FSSGX 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	0.67
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022	0.68

The correlation between FIDEX and FSSGX has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

Return for Risk

FIDEX vs. FSSGX — Risk / Return Rank

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

FIDEX

FIDEX Risk / Return Rank: 68
FIDEX Sharpe Ratio Rank: 65
FIDEX Sortino Ratio Rank: 62
FIDEX Omega Ratio Rank: 59
FIDEX Calmar Ratio Rank: 70
FIDEX Martin Ratio Rank: 83

FSSGX

FSSGX Risk / Return Rank: 85
FSSGX Sharpe Ratio Rank: 86
FSSGX Sortino Ratio Rank: 77
FSSGX Omega Ratio Rank: 82
FSSGX Calmar Ratio Rank: 90
FSSGX Martin Ratio Rank: 89

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.

FIDEX vs. FSSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) and Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX). 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.

	FIDEX	FSSGX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.44	-0.48
Sortino ratio: Return per unit of downside risk	2.70	3.02	-0.33
Omega ratio: Gain probability vs. loss probability	1.35	1.46	-0.11
Calmar ratio: Return relative to maximum drawdown	2.80	3.90	-1.11
Martin ratio: Return relative to average drawdown	13.17	14.21	-1.04

FIDEX vs. FSSGX - Sharpe Ratio Comparison

The current FIDEX Sharpe Ratio is 1.96, which is comparable to the FSSGX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FIDEX and FSSGX, 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

FIDEX vs. FSSGX - Drawdown Comparison

The maximum FIDEX drawdown since its inception was -21.90%, smaller than the maximum FSSGX drawdown of -24.11%. Use the drawdown chart below to compare losses from any high point for FIDEX and FSSGX.

Drawdown Indicators

	FIDEX	FSSGX	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-24.11%	+2.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-13.47%	+3.34%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-15.80%	-6.10%
Current Drawdown Current decline from peak	-1.67%	-4.97%	+3.30%
Average Drawdown Average peak-to-trough decline	-3.68%	-5.45%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.68%	-1.54%

Volatility

FIDEX vs. FSSGX - Volatility Comparison

The current volatility for Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) is 5.35%, while Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) has a volatility of 11.37%. This indicates that FIDEX experiences smaller price fluctuations and is considered to be less risky than FSSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDEX	FSSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	11.37%	-6.02%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	19.06%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	21.51%	-7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.52%	19.66%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	19.66%	-1.14%

FIDEX vs. FSSGX - Expense Ratio Comparison

FIDEX has a 0.56% expense ratio, which is lower than FSSGX's 0.95% expense ratio.

Dividends

FIDEX vs. FSSGX - Dividend Comparison

FIDEX's dividend yield for the trailing twelve months is around 1.40%, less than FSSGX's 2.25% yield.

Position	TTM	2025	2024	2023	2022
FIDEX Fidelity SAI Sustainable U.S. Equity Fund	1.40%	1.64%	1.87%	0.46%	0.63%
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	2.25%	2.87%	3.83%	1.01%	0.88%

Frequently Asked Questions

Can I hold both FIDEX and FSSGX in my portfolio?

FIDEX and FSSGX 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, FIDEX or FSSGX?

FSSGX has higher volatility (11.37%) compared to FIDEX (5.35%). In terms of maximum drawdown, FIDEX dropped -21.90% vs FSSGX's -24.11%.

Which has better risk-adjusted returns?

FSSGX currently has the higher Sharpe Ratio (2.44 vs 1.96), 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.