FINVX vs. VTMNX

Last updated Aug 4, 2026

FINVX (Fidelity Series International Value Fund) and VTMNX (Vanguard Developed Markets Index Fund Institutional Shares) are both Foreign Large Cap Equities funds. Over the past 10 years, FINVX returned 11.21%/yr vs 10.06%/yr for VTMNX. Their 0.96 correlation means they have historically moved very closely together. FINVX charges 0.01%/yr vs 0.03%/yr for VTMNX.

Performance

FINVX vs. VTMNX - Performance Comparison

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

Returns By Period

In the year-to-date period, FINVX achieves a 11.28% return, which is significantly lower than VTMNX's 14.23% return. Over the past 10 years, FINVX has outperformed VTMNX with an annualized return of 11.21%, while VTMNX has yielded a comparatively lower 10.06% annualized 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%

VTMNX

• 1D: -0.35%
• 1M: 0.40%
• 6M: 7.44%
• YTD: 14.23%
• 1Y: 30.21%
• 3Y*: 18.16%
• 5Y*: 9.84%
• 10Y*: 10.06%
• ALL TIME*: 6.03%

*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)
FINVX Fidelity Series International Value Fund	$0.00	$0.00	$0.00
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	$0.00	$0.00	$0.00

FINVX vs. VTMNX - 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%	20.41%
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	14.23%	35.16%	2.99%	17.82%	-15.36%	11.40%	10.26%	22.13%	-14.51%	26.45%

Correlation

The correlation between FINVX and VTMNX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009	0.96

The correlation between FINVX and VTMNX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

FINVX vs. VTMNX — Risk / Return Rank

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

FINVX

FINVX Risk / Return Rank: 75
FINVX Sharpe Ratio Rank: 76
FINVX Sortino Ratio Rank: 74
FINVX Omega Ratio Rank: 72
FINVX Calmar Ratio Rank: 79
FINVX Martin Ratio Rank: 77

VTMNX

VTMNX Risk / Return Rank: 73
VTMNX Sharpe Ratio Rank: 75
VTMNX Sortino Ratio Rank: 70
VTMNX Omega Ratio Rank: 72
VTMNX Calmar Ratio Rank: 76
VTMNX Martin Ratio Rank: 75

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.

FINVX vs. VTMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Value Fund (FINVX) and Vanguard Developed Markets Index Fund Institutional Shares (VTMNX). 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	VTMNX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.80	+0.04
Sortino ratio: Return per unit of downside risk	2.59	2.46	+0.14
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.67	2.58	+0.09
Martin ratio: Return relative to average drawdown	9.89	9.62	+0.28

FINVX vs. VTMNX - Sharpe Ratio Comparison

The current FINVX Sharpe Ratio is 1.83, which is comparable to the VTMNX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FINVX and VTMNX, 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. VTMNX - Drawdown Comparison

The maximum FINVX drawdown since its inception was -42.48%, smaller than the maximum VTMNX drawdown of -60.57%. Use the drawdown chart below to compare losses from any high point for FINVX and VTMNX.

Drawdown Indicators

	FINVX	VTMNX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-60.57%	+18.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-11.69%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.60%	-13.16%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-27.13%	-29.71%	+2.58%
Max Drawdown (10Y) Largest decline over 10 years	-42.48%	-35.60%	-6.88%
Current Drawdown Current decline from peak	-0.52%	-2.02%	+1.50%
Average Drawdown Average peak-to-trough decline	-8.97%	-13.15%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.13%	-0.34%

Volatility

FINVX vs. VTMNX - Volatility Comparison

The current volatility for Fidelity Series International Value Fund (FINVX) is 4.36%, while Vanguard Developed Markets Index Fund Institutional Shares (VTMNX) has a volatility of 5.52%. This indicates that FINVX experiences smaller price fluctuations and is considered to be less risky than VTMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FINVX	VTMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	5.52%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	14.81%	-2.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	16.82%	-1.70%
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%	16.39%	+1.35%

FINVX vs. VTMNX - Expense Ratio Comparison

FINVX has a 0.01% expense ratio, which is lower than VTMNX's 0.03% 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. VTMNX - Dividend Comparison

FINVX's dividend yield for the trailing twelve months is around 10.06%, more than VTMNX's 2.56% 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%
VTMNX Vanguard Developed Markets Index Fund Institutional Shares	2.56%	3.22%	3.36%	3.15%	2.91%	3.16%	2.04%	3.05%	3.35%	2.77%	3.06%	2.92%

Frequently Asked Questions

Can I hold both FINVX and VTMNX in my portfolio?

FINVX and VTMNX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FINVX or VTMNX?

VTMNX has higher volatility (5.52%) compared to FINVX (4.36%). In terms of maximum drawdown, FINVX dropped -42.48% vs VTMNX's -60.57%.

Which has better risk-adjusted returns?

FINVX currently has the higher Sharpe Ratio (1.83 vs 1.79), 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.