FIQOX vs. FWWFX

Last updated Jun 24, 2026

FIQOX (Fidelity Advisor Worldwide Fund Class Z) and FWWFX (Fidelity Worldwide Fund) are both Global Equities funds from Fidelity. Over the past 5 years, FIQOX returned 16.04%/yr vs 12.87%/yr for FWWFX. With a 1.00 correlation, they move nearly in lockstep. FIQOX charges 0.90%/yr vs 0.77%/yr for FWWFX.

Performance

FIQOX vs. FWWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Worldwide Fund Class Z (FIQOX) and Fidelity Worldwide Fund (FWWFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FIQOX having a 24.23% return and FWWFX slightly lower at 24.21%.

FIQOX

• 1D: 0.35%
• 1M: 6.11%
• YTD: 24.23%
• 6M: 23.22%
• 1Y: 42.77%
• 3Y*: 31.96%
• 5Y*: 16.04%
• 10Y*: —

FWWFX

• 1D: 0.36%
• 1M: 6.09%
• YTD: 24.21%
• 6M: 23.16%
• 1Y: 42.69%
• 3Y*: 26.09%
• 5Y*: 12.87%
• 10Y*: 15.99%

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

FIQOX vs. FWWFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQOX Fidelity Advisor Worldwide Fund Class Z	24.23%	16.27%	46.05%	25.10%	-25.64%	18.58%	31.08%	29.13%	-10.40%
FWWFX Fidelity Worldwide Fund	24.21%	16.16%	27.65%	24.96%	-25.74%	18.49%	30.91%	28.97%	-10.31%

Correlation

The correlation between FIQOX and FWWFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	1.00

The correlation between FIQOX and FWWFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FIQOX vs. FWWFX — Risk / Return Rank

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

FIQOX

FIQOX Risk / Return Rank: 77
FIQOX Sharpe Ratio Rank: 77
FIQOX Sortino Ratio Rank: 66
FIQOX Omega Ratio Rank: 69
FIQOX Calmar Ratio Rank: 84
FIQOX Martin Ratio Rank: 88

FWWFX

FWWFX Risk / Return Rank: 77
FWWFX Sharpe Ratio Rank: 77
FWWFX Sortino Ratio Rank: 66
FWWFX Omega Ratio Rank: 68
FWWFX Calmar Ratio Rank: 84
FWWFX Martin Ratio Rank: 88

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.

FIQOX vs. FWWFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Worldwide Fund Class Z (FIQOX) and Fidelity Worldwide Fund (FWWFX). 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.

	FIQOX	FWWFX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.36	+0.01
Sortino ratio: Return per unit of downside risk	3.08	3.08	+0.01
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.75	3.74	+0.01
Martin ratio: Return relative to average drawdown	15.90	15.86	+0.04

FIQOX vs. FWWFX - Sharpe Ratio Comparison

The current FIQOX Sharpe Ratio is 2.36, which is comparable to the FWWFX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of FIQOX and FWWFX, 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

FIQOX vs. FWWFX - Drawdown Comparison

The maximum FIQOX drawdown since its inception was -33.64%, smaller than the maximum FWWFX drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for FIQOX and FWWFX.

Drawdown Indicators

	FIQOX	FWWFX	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	-56.54%	+22.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.74%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-22.59%	-22.61%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-33.64%	-33.72%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.81%	-9.42%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.77%	-0.01%

Volatility

FIQOX vs. FWWFX - Volatility Comparison

Fidelity Advisor Worldwide Fund Class Z (FIQOX) and Fidelity Worldwide Fund (FWWFX) have volatilities of 7.74% and 7.76%, 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.

Volatility by Period

	FIQOX	FWWFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	7.76%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	15.12%	15.14%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	18.69%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	19.13%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	18.91%	+2.35%

FIQOX vs. FWWFX - Expense Ratio Comparison

FIQOX has a 0.90% expense ratio, which is higher than FWWFX's 0.77% expense ratio.

Dividends

FIQOX vs. FWWFX - Dividend Comparison

FIQOX's dividend yield for the trailing twelve months is around 9.34%, which matches FWWFX's 9.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQOX Fidelity Advisor Worldwide Fund Class Z	9.34%	11.60%	26.02%	1.10%	6.51%	12.99%	8.23%	5.09%	9.32%	0.00%	0.00%	0.00%
FWWFX Fidelity Worldwide Fund	9.29%	11.54%	14.64%	0.94%	6.29%	12.76%	8.08%	4.87%	9.63%	6.24%	1.22%	3.38%

Frequently Asked Questions

Can I hold both FIQOX and FWWFX in my portfolio?

With a correlation of 1.00, FIQOX and FWWFX 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, FIQOX or FWWFX?

FWWFX has higher volatility (7.76%) compared to FIQOX (7.74%). In terms of maximum drawdown, FIQOX dropped -33.64% vs FWWFX's -56.54%.

Which has better risk-adjusted returns?

FIQOX currently has the higher Sharpe Ratio (2.36 vs 2.36), 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.