FIWCX vs. FINVX
FIWCX (Fidelity SAI International Value Index Fund) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FIWCX returned 14.82%/yr vs 14.96%/yr for FINVX. Their 0.96 correlation means they have historically moved very closely together. FIWCX charges 0.17%/yr vs 0.01%/yr for FINVX.
Performance
FIWCX vs. FINVX - Performance Comparison
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Returns By Period
In the year-to-date period, FIWCX achieves a 18.75% return, which is significantly higher than FINVX's 11.28% return.
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%
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%
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 |
FIWCX vs. FINVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between FIWCX and FINVX 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 FIWCX and FINVX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
FIWCX vs. FINVX — Risk / Return Rank
FIWCX
FINVX
FIWCX vs. FINVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Value Index Fund (FIWCX) and Fidelity Series International Value Fund (FINVX). 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.
| FIWCX | FINVX | 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 | 1.46 | 1.33 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.67 | +0.82 |
| Martin ratioReturn relative to average drawdown | 13.66 | 9.89 | +3.77 |
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Drawdowns
FIWCX vs. FINVX - Drawdown Comparison
The maximum FIWCX drawdown since its inception was -42.73%, roughly equal to the maximum FINVX drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for FIWCX and FINVX.
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Drawdown Indicators
| FIWCX | FINVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.73% | -42.48% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -10.38% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -14.83% | -14.60% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -28.49% | -27.13% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.48% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.52% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -8.97% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.79% | +0.04% |
Volatility
FIWCX vs. FINVX - Volatility Comparison
Fidelity SAI International Value Index Fund (FIWCX) and Fidelity Series International Value Fund (FINVX) have volatilities of 4.42% and 4.36%, 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
| FIWCX | FINVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.36% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 12.74% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 15.12% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.69% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 17.74% | +0.44% |
FIWCX vs. FINVX - Expense Ratio Comparison
FIWCX has a 0.17% expense ratio, which is higher than FINVX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FIWCX vs. FINVX - Dividend Comparison
FIWCX's dividend yield for the trailing twelve months is around 5.87%, less than FINVX's 10.06% 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, FIWCX and FINVX 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, FIWCX dropped -42.73% vs FINVX's -42.48%.
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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