FIDI vs. AJG

Last updated Jun 9, 2026

FIDI (Fidelity International High Dividend ETF) is Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while AJG (Arthur J. Gallagher & Co.) is a stock. Over the past 5 years, FIDI returned 10.29%/yr vs 9.17%/yr for AJG. At a 0.35 correlation, their price movements are largely independent.

Performance

FIDI vs. AJG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) and Arthur J. Gallagher & Co. (AJG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIDI achieves a 8.46% return, which is significantly higher than AJG's -17.35% return.

FIDI

• 1D: 0.40%
• 1M: -0.68%
• YTD: 8.46%
• 6M: 11.86%
• 1Y: 24.12%
• 3Y*: 18.54%
• 5Y*: 10.29%
• 10Y*: —

AJG

• 1D: -1.67%
• 1M: 7.22%
• YTD: -17.35%
• 6M: -10.08%
• 1Y: -34.63%
• 3Y*: 1.87%
• 5Y*: 9.17%
• 10Y*: 17.92%

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

FIDI vs. AJG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIDI Fidelity International High Dividend ETF	8.46%	39.34%	-0.06%	16.28%	-4.73%	16.87%	-11.68%	15.47%	-19.49%
AJG Arthur J. Gallagher & Co.	-17.35%	-8.03%	27.34%	20.51%	12.44%	39.02%	32.12%	31.79%	17.75%

Correlation

The correlation between FIDI and AJG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.35

Over the past year, the correlation between FIDI and AJG has dropped to 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

FIDI vs. AJG — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 71
FIDI Sharpe Ratio Rank: 71
FIDI Sortino Ratio Rank: 68
FIDI Omega Ratio Rank: 68
FIDI Calmar Ratio Rank: 75
FIDI Martin Ratio Rank: 73

AJG

AJG Risk / Return Rank: 5
AJG Sharpe Ratio Rank: 2
AJG Sortino Ratio Rank: 4
AJG Omega Ratio Rank: 4
AJG Calmar Ratio Rank: 9
AJG Martin Ratio Rank: 6

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.

FIDI vs. AJG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) and Arthur J. Gallagher & Co. (AJG). 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.

	FIDI	AJG	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-1.25	+3.32
Sortino ratio: Return per unit of downside risk	2.80	-1.72	+4.52
Omega ratio: Gain probability vs. loss probability	1.37	0.78	+0.58
Calmar ratio: Return relative to maximum drawdown	3.48	-0.85	+4.34
Martin ratio: Return relative to average drawdown	12.34	-1.47	+13.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDI vs. AJG - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.07, which is higher than the AJG Sharpe Ratio of -1.25. The chart below compares the historical Sharpe Ratios of FIDI and AJG, 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

	FIDI	AJG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	-1.25	+3.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.40	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.47	-0.16

Drawdowns

FIDI vs. AJG - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, smaller than the maximum AJG drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for FIDI and AJG.

Drawdown Indicators

	FIDI	AJG	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-57.49%	+11.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-40.64%	+33.68%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-44.40%	+32.31%
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	-44.40%	+18.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.40%	—
Current Drawdown Current decline from peak	-2.66%	-38.26%	+35.60%
Average Drawdown Average peak-to-trough decline	-9.78%	-12.83%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	24.06%	-22.10%

Volatility

FIDI vs. AJG - Volatility Comparison

The current volatility for Fidelity International High Dividend ETF (FIDI) is 2.61%, while Arthur J. Gallagher & Co. (AJG) has a volatility of 8.97%. This indicates that FIDI experiences smaller price fluctuations and is considered to be less risky than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDI	AJG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	8.97%	-6.36%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	22.42%	-13.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	27.95%	-16.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	22.96%	-8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	23.08%	-4.36%

Dividends

FIDI vs. AJG - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.14%, more than AJG's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AJG Arthur J. Gallagher & Co.	1.27%	1.00%	0.85%	0.98%	1.08%	1.13%	1.46%	1.81%	2.23%	2.47%	2.93%	3.62%
FIDI Fidelity International High Dividend ETF	4.14%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIDI and AJG in my portfolio?

FIDI and AJG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDI or AJG?

AJG has higher volatility (8.97%) compared to FIDI (2.61%). In terms of maximum drawdown, FIDI dropped -46.34% vs AJG's -57.49%.

Which has better risk-adjusted returns?

FIDI currently has the higher Sharpe Ratio (2.07 vs -1.25), 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.