FIGRX vs. FGOMX

Last updated Jun 4, 2026

FIGRX (Fidelity International Discovery Fund) and FGOMX (Strategic Advisers Fidelity Emerging Markets Fund) are both mutual funds - FIGRX is a Foreign Large Cap Equities fund managed by Fidelity, while FGOMX is a Emerging Markets Diversified fund managed by Fidelity. Over the past 5 years, FIGRX returned 6.52%/yr vs 9.22%/yr for FGOMX. A 0.75 correlation means they provide meaningful diversification when combined. FIGRX charges 0.99%/yr vs 0.25%/yr for FGOMX.

Performance

FIGRX vs. FGOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Discovery Fund (FIGRX) and Strategic Advisers Fidelity Emerging Markets Fund (FGOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGRX achieves a 11.90% return, which is significantly lower than FGOMX's 33.73% return.

FIGRX

• 1D: 0.79%
• 1M: 5.29%
• YTD: 11.90%
• 6M: 14.34%
• 1Y: 23.53%
• 3Y*: 18.26%
• 5Y*: 6.52%
• 10Y*: 9.26%

FGOMX

• 1D: 1.57%
• 1M: 11.58%
• YTD: 33.73%
• 6M: 37.15%
• 1Y: 64.79%
• 3Y*: 27.19%
• 5Y*: 9.22%
• 10Y*: —

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

FIGRX vs. FGOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIGRX Fidelity International Discovery Fund	11.90%	27.61%	10.96%	14.17%	-24.83%	11.09%	21.42%	27.53%	-7.18%
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	33.73%	34.20%	7.88%	12.23%	-22.45%	-0.19%	22.10%	22.25%	-4.83%

Correlation

The correlation between FIGRX and FGOMX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018	0.75

The correlation between FIGRX and FGOMX shifts across timeframes, from 0.60 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIGRX vs. FGOMX — Risk / Return Rank

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

FIGRX

FIGRX Risk / Return Rank: 23
FIGRX Sharpe Ratio Rank: 22
FIGRX Sortino Ratio Rank: 21
FIGRX Omega Ratio Rank: 21
FIGRX Calmar Ratio Rank: 22
FIGRX Martin Ratio Rank: 28

FGOMX

FGOMX Risk / Return Rank: 96
FGOMX Sharpe Ratio Rank: 99
FGOMX Sortino Ratio Rank: 96
FGOMX Omega Ratio Rank: 95
FGOMX Calmar Ratio Rank: 96
FGOMX Martin Ratio Rank: 96

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.

FIGRX vs. FGOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund (FIGRX) and Strategic Advisers Fidelity Emerging Markets Fund (FGOMX). 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.

	FIGRX	FGOMX	Difference
Sharpe ratio Return per unit of total volatility	1.33	4.34	-3.01
Sortino ratio Return per unit of downside risk	1.92	5.42	-3.50
Omega ratio Gain probability vs. loss probability	1.24	1.76	-0.52
Calmar ratio Return relative to maximum drawdown	1.75	6.32	-4.57
Martin ratio Return relative to average drawdown	6.71	24.86	-18.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIGRX vs. FGOMX - Sharpe Ratio Comparison

The current FIGRX Sharpe Ratio is 1.33, which is lower than the FGOMX Sharpe Ratio of 4.34. The chart below compares the historical Sharpe Ratios of FIGRX and FGOMX, 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

	FIGRX	FGOMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	4.34	-3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.54	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.65	-0.18

Drawdowns

FIGRX vs. FGOMX - Drawdown Comparison

The maximum FIGRX drawdown since its inception was -60.47%, which is greater than FGOMX's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for FIGRX and FGOMX.

Drawdown Indicators

	FIGRX	FGOMX	Difference
Max Drawdown Largest peak-to-trough decline	-60.47%	-40.14%	-20.33%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-12.77%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-16.71%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-36.54%	-38.04%	+1.50%
Max Drawdown (10Y) Largest decline over 10 years	-36.54%	—	—
Current Drawdown Current decline from peak	-0.16%	0.00%	-0.16%
Average Drawdown Average peak-to-trough decline	-12.36%	-13.36%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.24%	+0.18%

Volatility

FIGRX vs. FGOMX - Volatility Comparison

The current volatility for Fidelity International Discovery Fund (FIGRX) is 5.88%, while Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) has a volatility of 7.45%. This indicates that FIGRX experiences smaller price fluctuations and is considered to be less risky than FGOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGRX	FGOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	7.45%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	14.47%	15.74%	-1.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.33%	18.63%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	17.86%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	19.31%	-2.30%

FIGRX vs. FGOMX - Expense Ratio Comparison

FIGRX has a 0.99% expense ratio, which is higher than FGOMX's 0.25% expense ratio.

Dividends

FIGRX vs. FGOMX - Dividend Comparison

FIGRX's dividend yield for the trailing twelve months is around 6.20%, more than FGOMX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGOMX Strategic Advisers Fidelity Emerging Markets Fund	1.62%	2.17%	2.40%	2.83%	2.42%	4.63%	0.73%	2.13%	0.00%	0.00%	0.00%	0.00%
FIGRX Fidelity International Discovery Fund	6.20%	6.94%	2.88%	1.91%	0.35%	11.18%	3.70%	2.33%	3.85%	4.01%	1.81%	0.01%

Frequently Asked Questions

Can I hold both FIGRX and FGOMX in my portfolio?

FIGRX and FGOMX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGRX or FGOMX?

FGOMX has higher volatility (7.45%) compared to FIGRX (5.88%). In terms of maximum drawdown, FIGRX dropped -60.47% vs FGOMX's -40.14%.

Which has better risk-adjusted returns?

FGOMX currently has the higher Sharpe Ratio (4.34 vs 1.33), 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.