FIGSX vs. FPADX

Last updated Aug 4, 2026

FIGSX (Fidelity Series International Growth Fund) and FPADX (Fidelity Emerging Markets Index Fund) are both mutual funds - FIGSX is a Foreign Large Cap Equities fund managed by Fidelity, while FPADX is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. Over the past 10 years, FIGSX returned 10.11%/yr vs 8.62%/yr for FPADX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FIGSX charges 0.01%/yr vs 0.07%/yr for FPADX.

Performance

FIGSX vs. FPADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series International Growth Fund (FIGSX) and Fidelity Emerging Markets Index Fund (FPADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGSX achieves a 8.01% return, which is significantly lower than FPADX's 18.42% return. Over the past 10 years, FIGSX has outperformed FPADX with an annualized return of 10.11%, while FPADX has yielded a comparatively lower 8.62% annualized return.

FIGSX

• 1D: 0.00%
• 1M: -2.55%
• 6M: 1.52%
• YTD: 8.01%
• 1Y: 15.72%
• 3Y*: 12.79%
• 5Y*: 5.66%
• 10Y*: 10.11%
• ALL TIME*: 8.75%

FPADX

• 1D: 1.63%
• 1M: -1.88%
• 6M: 9.46%
• YTD: 18.42%
• 1Y: 36.51%
• 3Y*: 18.76%
• 5Y*: 7.50%
• 10Y*: 8.62%
• ALL TIME*: 5.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIGSX Fidelity Series International Growth Fund	$0.00	$0.00	$0.00
FPADX Fidelity Emerging Markets Index Fund	$0.00	$0.00	$0.00

FIGSX vs. FPADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIGSX Fidelity Series International Growth Fund	8.01%	19.12%	5.93%	21.74%	-22.87%	16.61%	18.52%	35.59%	-10.97%	30.21%
FPADX Fidelity Emerging Markets Index Fund	18.42%	33.90%	6.80%	9.51%	-20.06%	-3.07%	17.84%	18.28%	-14.65%	35.16%

Correlation

The correlation between FIGSX and FPADX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.74

The correlation between FIGSX and FPADX has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

Return for Risk

FIGSX vs. FPADX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIGSX

FIGSX Risk / Return Rank: 21
FIGSX Sharpe Ratio Rank: 18
FIGSX Sortino Ratio Rank: 19
FIGSX Omega Ratio Rank: 19
FIGSX Calmar Ratio Rank: 22
FIGSX Martin Ratio Rank: 25

FPADX

FPADX Risk / Return Rank: 61
FPADX Sharpe Ratio Rank: 58
FPADX Sortino Ratio Rank: 49
FPADX Omega Ratio Rank: 63
FPADX Calmar Ratio Rank: 76
FPADX Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIGSX vs. FPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Growth Fund (FIGSX) and Fidelity Emerging Markets Index Fund (FPADX). 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.

	FIGSX	FPADX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.55	-0.81
Sortino ratio: Return per unit of downside risk	1.19	2.06	-0.88
Omega ratio: Gain probability vs. loss probability	1.14	1.30	-0.15
Calmar ratio: Return relative to maximum drawdown	1.10	2.56	-1.45
Martin ratio: Return relative to average drawdown	3.77	8.08	-4.31

FIGSX vs. FPADX - Sharpe Ratio Comparison

The current FIGSX Sharpe Ratio is 0.74, which is lower than the FPADX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FIGSX and FPADX, 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

FIGSX vs. FPADX - Drawdown Comparison

The maximum FIGSX drawdown since its inception was -34.47%, smaller than the maximum FPADX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FIGSX and FPADX.

Drawdown Indicators

	FIGSX	FPADX	Difference
Max Drawdown Largest peak-to-trough decline	-34.47%	-39.16%	+4.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-13.83%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.29%	-16.09%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-34.47%	-34.43%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.47%	-39.16%	+4.69%
Current Drawdown Current decline from peak	-4.75%	-8.94%	+4.19%
Average Drawdown Average peak-to-trough decline	-6.43%	-13.18%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	4.37%	-0.32%

Volatility

FIGSX vs. FPADX - Volatility Comparison

The current volatility for Fidelity Series International Growth Fund (FIGSX) is 6.63%, while Fidelity Emerging Markets Index Fund (FPADX) has a volatility of 9.43%. This indicates that FIGSX experiences smaller price fluctuations and is considered to be less risky than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGSX	FPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	9.43%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	18.37%	20.97%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	20.65%	22.76%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	18.13%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	18.25%	-0.34%

FIGSX vs. FPADX - Expense Ratio Comparison

FIGSX has a 0.01% expense ratio, which is lower than FPADX's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIGSX vs. FPADX - Dividend Comparison

FIGSX's dividend yield for the trailing twelve months is around 8.03%, more than FPADX's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGSX Fidelity Series International Growth Fund	8.03%	8.67%	4.29%	1.27%	3.53%	8.33%	16.24%	3.64%	7.47%	3.14%	2.54%	3.54%
FPADX Fidelity Emerging Markets Index Fund	1.99%	2.35%	2.70%	2.68%	2.47%	2.14%	1.50%	2.59%	2.20%	0.12%	1.69%	2.47%

Frequently Asked Questions

Can I hold both FIGSX and FPADX in my portfolio?

FIGSX and FPADX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGSX or FPADX?

FPADX has higher volatility (9.43%) compared to FIGSX (6.63%). In terms of maximum drawdown, FIGSX dropped -34.47% vs FPADX's -39.16%.

Which has better risk-adjusted returns?

FPADX currently has the higher Sharpe Ratio (1.55 vs 0.74), 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.