FINVX vs. FIWCX

Last updated Jun 25, 2026

FINVX (Fidelity Series International Value Fund) and FIWCX (Fidelity SAI International Value Index Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FINVX returned 13.70%/yr vs 13.21%/yr for FIWCX. With a 0.96 correlation, they move nearly in lockstep. FINVX charges 0.01%/yr vs 0.17%/yr for FIWCX.

Performance

FINVX vs. FIWCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series International Value Fund (FINVX) and Fidelity SAI International Value Index Fund (FIWCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FINVX achieves a 6.35% return, which is significantly lower than FIWCX's 12.55% return.

FINVX

• 1D: -1.54%
• 1M: -0.60%
• YTD: 6.35%
• 6M: 6.21%
• 1Y: 23.18%
• 3Y*: 22.42%
• 5Y*: 13.70%
• 10Y*: 11.34%

FIWCX

• 1D: -1.67%
• 1M: -0.56%
• YTD: 12.55%
• 6M: 12.73%
• 1Y: 33.30%
• 3Y*: 22.55%
• 5Y*: 13.21%
• 10Y*: —

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

FINVX vs. FIWCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FINVX Fidelity Series International Value Fund	6.35%	45.75%	6.20%	20.35%	-7.21%	16.39%	4.87%	19.85%	-16.40%	0.38%
FIWCX Fidelity SAI International Value Index Fund	12.55%	43.38%	4.94%	18.99%	-5.96%	13.88%	-3.94%	17.30%	-16.13%	0.77%

Correlation

The correlation between FINVX and FIWCX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017	0.96

The correlation between FINVX and FIWCX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

FINVX vs. FIWCX — Risk / Return Rank

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

FINVX

FINVX Risk / Return Rank: 39
FINVX Sharpe Ratio Rank: 37
FINVX Sortino Ratio Rank: 36
FINVX Omega Ratio Rank: 35
FINVX Calmar Ratio Rank: 43
FINVX Martin Ratio Rank: 43

FIWCX

FIWCX Risk / Return Rank: 72
FIWCX Sharpe Ratio Rank: 76
FIWCX Sortino Ratio Rank: 71
FIWCX Omega Ratio Rank: 70
FIWCX Calmar Ratio Rank: 74
FIWCX Martin Ratio Rank: 69

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.

FINVX vs. FIWCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Value Fund (FINVX) and Fidelity SAI International Value Index Fund (FIWCX). 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.

	FINVX	FIWCX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.32	-0.70
Sortino ratio: Return per unit of downside risk	2.30	3.17	-0.88
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	2.36	3.15	-0.78
Martin ratio: Return relative to average drawdown	8.69	12.17	-3.48

FINVX vs. FIWCX - Sharpe Ratio Comparison

The current FINVX Sharpe Ratio is 1.62, which is lower than the FIWCX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FINVX and FIWCX, 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

FINVX vs. FIWCX - Drawdown Comparison

The maximum FINVX drawdown since its inception was -42.48%, roughly equal to the maximum FIWCX drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for FINVX and FIWCX.

Drawdown Indicators

	FINVX	FIWCX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-42.73%	+0.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-11.13%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.60%	-14.83%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	-27.13%	-28.49%	+1.36%
Max Drawdown (10Y) Largest decline over 10 years	-42.48%	—	—
Current Drawdown Current decline from peak	-2.18%	-2.41%	+0.23%
Average Drawdown Average peak-to-trough decline	-9.02%	-9.03%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.87%	-0.05%

Volatility

FINVX vs. FIWCX - Volatility Comparison

The current volatility for Fidelity Series International Value Fund (FINVX) is 4.46%, while Fidelity SAI International Value Index Fund (FIWCX) has a volatility of 4.89%. This indicates that FINVX experiences smaller price fluctuations and is considered to be less risky than FIWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FINVX	FIWCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	4.89%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	12.18%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	15.10%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	16.23%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	18.22%	-0.43%

FINVX vs. FIWCX - Expense Ratio Comparison

FINVX has a 0.01% expense ratio, which is lower than FIWCX's 0.17% 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

FINVX vs. FIWCX - Dividend Comparison

FINVX's dividend yield for the trailing twelve months is around 10.53%, more than FIWCX's 6.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FINVX Fidelity Series International Value Fund	10.53%	11.20%	4.14%	3.29%	3.33%	5.01%	2.83%	4.05%	4.05%	3.14%	2.62%	2.14%
FIWCX Fidelity SAI International Value Index Fund	6.20%	6.97%	4.26%	5.88%	4.66%	8.74%	1.58%	3.40%	2.18%	0.07%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FINVX and FIWCX in my portfolio?

With a correlation of 0.94, FINVX and FIWCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FINVX or FIWCX?

FIWCX has higher volatility (4.89%) compared to FINVX (4.46%). In terms of maximum drawdown, FINVX dropped -42.48% vs FIWCX's -42.73%.

Which has better risk-adjusted returns?

FIWCX currently has the higher Sharpe Ratio (2.32 vs 1.62), 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.