FIVQX vs. FSGEX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor International Value Fund Class I (FIVQX) and Fidelity Series Global ex U.S. Index Fund (FSGEX).

FIVQX is managed by Fidelity. It was launched on May 18, 2006. FSGEX is managed by Fidelity. It was launched on Sep 29, 2009.

Performance

FIVQX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Value Fund Class I (FIVQX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

FIVQX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIVQX Fidelity Advisor International Value Fund Class I	-1.56%	43.57%	4.85%	19.10%	-7.95%	14.94%	3.26%	18.95%	-17.20%	17.82%
FSGEX Fidelity Series Global ex U.S. Index Fund	-1.20%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	21.41%	-13.99%	27.47%

Returns By Period

In the year-to-date period, FIVQX achieves a -1.56% return, which is significantly lower than FSGEX's -1.20% return. Both investments have delivered pretty close results over the past 10 years, with FIVQX having a 8.81% annualized return and FSGEX not far behind at 8.55%.

FIVQX

• 1D: 0.87%
• 1M: -9.20%
• YTD: -1.56%
• 6M: 4.07%
• 1Y: 24.32%
• 3Y*: 18.73%
• 5Y*: 11.74%
• 10Y*: 8.81%

FSGEX

• 1D: -0.06%
• 1M: -11.07%
• YTD: -1.20%
• 6M: 3.57%
• 1Y: 23.80%
• 3Y*: 14.32%
• 5Y*: 6.98%
• 10Y*: 8.55%

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

FIVQX vs. FSGEX - Expense Ratio Comparison

FIVQX has a 1.05% expense ratio, which is higher than FSGEX's 0.01% expense ratio.

FIVQX

Fidelity Advisor International Value Fund Class I

FSGEX

Fidelity Series Global ex U.S. Index Fund

Return for Risk

FIVQX vs. FSGEX — Risk / Return Rank

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

FIVQX

FIVQX Risk / Return Rank: 74
FIVQX Sharpe Ratio Rank: 74
FIVQX Sortino Ratio Rank: 73
FIVQX Omega Ratio Rank: 71
FIVQX Calmar Ratio Rank: 75
FIVQX Martin Ratio Rank: 76

FSGEX

FSGEX Risk / Return Rank: 78
FSGEX Sharpe Ratio Rank: 79
FSGEX Sortino Ratio Rank: 78
FSGEX Omega Ratio Rank: 76
FSGEX Calmar Ratio Rank: 80
FSGEX Martin Ratio Rank: 77

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.

FIVQX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class I (FIVQX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). 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.

	FIVQX	FSGEX	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.43	-0.10
Sortino ratio Return per unit of downside risk	1.81	1.93	-0.12
Omega ratio Gain probability vs. loss probability	1.27	1.29	-0.02
Calmar ratio Return relative to maximum drawdown	1.76	1.89	-0.14
Martin ratio Return relative to average drawdown	7.33	7.46	-0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIVQX vs. FSGEX - Sharpe Ratio Comparison

The current FIVQX Sharpe Ratio is 1.33, which is comparable to the FSGEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FIVQX and FSGEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIVQX	FSGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.43	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.46	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.53	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.36	-0.14

Correlation

The correlation between FIVQX and FSGEX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIVQX vs. FSGEX - Dividend Comparison

FIVQX's dividend yield for the trailing twelve months is around 2.42%, less than FSGEX's 3.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVQX Fidelity Advisor International Value Fund Class I	2.42%	2.38%	2.34%	2.05%	1.87%	4.29%	1.76%	3.46%	3.26%	0.15%	2.61%	1.19%
FSGEX Fidelity Series Global ex U.S. Index Fund	3.06%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%

Drawdowns

FIVQX vs. FSGEX - Drawdown Comparison

The maximum FIVQX drawdown since its inception was -64.41%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for FIVQX and FSGEX.

Drawdown Indicators

	FIVQX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-34.74%	-29.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.64%	-11.24%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.53%	-29.66%	+2.13%
Max Drawdown (10Y) Largest decline over 10 years	-43.46%	-34.74%	-8.72%
Current Drawdown Current decline from peak	-9.26%	-11.24%	+1.98%
Average Drawdown Average peak-to-trough decline	-16.37%	-8.51%	-7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.86%	+0.08%

Volatility

FIVQX vs. FSGEX - Volatility Comparison

Fidelity Advisor International Value Fund Class I (FIVQX) and Fidelity Series Global ex U.S. Index Fund (FSGEX) have volatilities of 7.07% and 7.21%, 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

	FIVQX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	7.21%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	10.85%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.33%	16.09%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	15.14%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	16.12%	+1.75%