FINVX vs. FIWCX
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 14.96%/yr vs 14.82%/yr for FIWCX. Their 0.96 correlation means they have historically moved very closely together. FINVX charges 0.01%/yr vs 0.17%/yr for FIWCX.
Performance
FINVX vs. FIWCX - Performance Comparison
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Returns By Period
In the year-to-date period, FINVX achieves a 11.28% return, which is significantly lower than FIWCX's 18.75% return.
FINVX
- 1D
- -0.52%
- 1M
- 2.00%
- 6M
- 5.02%
- YTD
- 11.28%
- 1Y
- 28.13%
- 3Y*
- 22.36%
- 5Y*
- 14.96%
- 10Y*
- 11.21%
- ALL TIME*
- 6.92%
FIWCX
- 1D
- -1.06%
- 1M
- 3.82%
- 6M
- 11.24%
- YTD
- 18.75%
- 1Y
- 38.20%
- 3Y*
- 22.59%
- 5Y*
- 14.82%
- 10Y*
- —
- ALL TIME*
- 9.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FINVX vs. FIWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FINVX Fidelity Series International Value Fund | 11.28% | 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 | 18.75% | 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 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer 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.
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Return for Risk
FINVX vs. FIWCX — Risk / Return Rank
FINVX
FIWCX
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 ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.46 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.49 | -0.82 |
| Martin ratioReturn relative to average drawdown | 9.89 | 13.66 | -3.77 |
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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.
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Drawdown Indicators
| FINVX | FIWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.52% | -1.06% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -8.93% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.83% | -0.04% |
Volatility
FINVX vs. FIWCX - Volatility Comparison
Fidelity Series International Value Fund (FINVX) and Fidelity SAI International Value Index Fund (FIWCX) have volatilities of 4.36% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINVX | FIWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.42% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 12.60% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.01% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 16.21% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 18.18% | -0.44% |
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 10.06%, more than FIWCX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINVX Fidelity Series International Value Fund | 10.06% | 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 | 5.87% | 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
With a correlation of 0.93, 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.
FIWCX has higher volatility (4.42%) compared to FINVX (4.36%). In terms of maximum drawdown, FINVX dropped -42.48% vs FIWCX's -42.73%.
FIWCX currently has the higher Sharpe Ratio (2.59 vs 1.83), 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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