FIGSX vs. HEFA
FIGSX (Fidelity Series International Growth Fund) and HEFA (iShares Currency Hedged MSCI EAFE ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, FIGSX returned 10.10%/yr vs 12.94%/yr for HEFA. Their correlation of 0.81 means they have usually moved in the same direction. FIGSX charges 0.01%/yr vs 0.35%/yr for HEFA.
Performance
FIGSX vs. HEFA - Performance Comparison
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Returns By Period
In the year-to-date period, FIGSX achieves a 8.01% return, which is significantly lower than HEFA's 14.00% return. Over the past 10 years, FIGSX has underperformed HEFA with an annualized return of 10.10%, while HEFA has yielded a comparatively higher 12.94% annualized return.
FIGSX
- 1D
- 3.82%
- 1M
- -2.55%
- 6M
- 2.43%
- YTD
- 8.01%
- 1Y
- 15.72%
- 3Y*
- 12.52%
- 5Y*
- 5.66%
- 10Y*
- 10.10%
- ALL TIME*
- 8.76%
HEFA
- 1D
- -0.74%
- 1M
- 0.22%
- 6M
- 10.13%
- YTD
- 14.00%
- 1Y
- 30.42%
- 3Y*
- 18.79%
- 5Y*
- 14.16%
- 10Y*
- 12.94%
- ALL TIME*
- 10.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $18.09M | $30.10M | $25.37M |
FIGSX vs. HEFA - 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% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 14.00% | 24.58% | 13.71% | 20.33% | -4.86% | 19.59% | 2.09% | 27.63% | -9.33% | 16.67% |
Correlation
The correlation between FIGSX and HEFA is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2014 | 0.81 |
The correlation between FIGSX and HEFA has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
FIGSX vs. HEFA — Risk / Return Rank
FIGSX
HEFA
FIGSX vs. HEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Growth Fund (FIGSX) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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 | HEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.98 | -1.94 |
| Martin ratioReturn relative to average drawdown | 3.57 | 12.45 | -8.87 |
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Drawdowns
FIGSX vs. HEFA - Drawdown Comparison
The maximum FIGSX drawdown since its inception was -34.47%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for FIGSX and HEFA.
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Drawdown Indicators
| FIGSX | HEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.47% | -32.39% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -9.52% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -14.28% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.47% | -14.79% | -19.68% |
Max Drawdown (10Y)Largest decline over 10 years | -34.47% | -32.39% | -2.08% |
Current DrawdownCurrent decline from peak | -4.75% | -0.75% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -4.13% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.28% | +1.76% |
Volatility
FIGSX vs. HEFA - Volatility Comparison
Fidelity Series International Growth Fund (FIGSX) has a higher volatility of 6.92% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 3.56%. This indicates that FIGSX's price experiences larger fluctuations and is considered to be riskier than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIGSX | HEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 3.56% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.37% | 10.86% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 13.14% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 13.84% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 15.67% | +2.24% |
FIGSX vs. HEFA - Expense Ratio Comparison
FIGSX has a 0.01% expense ratio, which is lower than HEFA's 0.35% expense ratio.
Dividends
FIGSX vs. HEFA - Dividend Comparison
FIGSX's dividend yield for the trailing twelve months is around 8.03%, more than HEFA's 4.03% 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% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.03% | 4.40% | 3.09% | 3.02% | 25.14% | 3.06% | 2.10% | 7.56% | 4.58% | 2.55% | 3.17% | 3.54% |
Frequently Asked Questions
FIGSX and HEFA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGSX has higher volatility (6.92%) compared to HEFA (3.56%). In terms of maximum drawdown, FIGSX dropped -34.47% vs HEFA's -32.39%.
HEFA currently has the higher Sharpe Ratio (2.16 vs 0.70), 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.
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