Correlation
The correlation between FKIDX and FSGGX is 0.77, 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.
FKIDX vs. FSGGX
Compare and contrast key facts about Fidelity Diversified International K6 Fund (FKIDX) and Fidelity Global ex U.S. Index Fund (FSGGX).
FKIDX is managed by Fidelity. It was launched on May 25, 2017. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKIDX or FSGGX.
Performance
FKIDX vs. FSGGX - Performance Comparison
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Key characteristics
FKIDX:
0.74
FSGGX:
0.89
FKIDX:
1.01
FSGGX:
1.18
FKIDX:
1.14
FSGGX:
1.16
FKIDX:
0.84
FSGGX:
0.94
FKIDX:
2.78
FSGGX:
2.95
FKIDX:
4.35%
FSGGX:
4.26%
FKIDX:
18.60%
FSGGX:
15.96%
FKIDX:
-35.00%
FSGGX:
-34.76%
FKIDX:
-0.85%
FSGGX:
-0.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with FKIDX having a 15.25% return and FSGGX slightly lower at 14.56%.
FKIDX
15.25%
5.02%
11.50%
13.62%
10.97%
9.98%
N/A
FSGGX
14.56%
4.62%
11.67%
14.07%
9.52%
10.36%
5.50%
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FKIDX vs. FSGGX - Expense Ratio Comparison
FKIDX has a 0.60% expense ratio, which is higher than FSGGX's 0.06% expense ratio.
Risk-Adjusted Performance
FKIDX vs. FSGGX — Risk-Adjusted Performance Rank
FKIDX
FSGGX
FKIDX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International K6 Fund (FKIDX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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.
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Dividends
FKIDX vs. FSGGX - Dividend Comparison
FKIDX's dividend yield for the trailing twelve months is around 1.92%, less than FSGGX's 2.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKIDX Fidelity Diversified International K6 Fund | 1.92% | 2.22% | 1.55% | 0.84% | 0.97% | 0.61% | 2.46% | 1.38% | 0.19% | 0.00% | 0.00% | 0.00% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.54% | 2.91% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.31% | 2.10% | 2.44% | 2.61% |
Drawdowns
FKIDX vs. FSGGX - Drawdown Comparison
The maximum FKIDX drawdown since its inception was -35.00%, roughly equal to the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FKIDX and FSGGX.
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Volatility
FKIDX vs. FSGGX - Volatility Comparison
Fidelity Diversified International K6 Fund (FKIDX) has a higher volatility of 3.19% compared to Fidelity Global ex U.S. Index Fund (FSGGX) at 2.79%. This indicates that FKIDX's price experiences larger fluctuations and is considered to be riskier than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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