FKIDX vs. FTIHX

Last updated Jun 23, 2026

FKIDX (Fidelity Diversified International K6 Fund) and FTIHX (Fidelity Total International Index Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FKIDX returned 8.62%/yr vs 9.19%/yr for FTIHX. Their correlation of 0.94 suggests significant overlap in exposure. FKIDX charges 0.60%/yr vs 0.06%/yr for FTIHX.

Performance

FKIDX vs. FTIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Diversified International K6 Fund (FKIDX) and Fidelity Total International Index Fund (FTIHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKIDX achieves a 14.73% return, which is significantly lower than FTIHX's 15.59% return.

FKIDX

• 1D: 1.55%
• 1M: 4.90%
• YTD: 14.73%
• 6M: 15.31%
• 1Y: 28.04%
• 3Y*: 17.08%
• 5Y*: 8.62%
• 10Y*: —

FTIHX

• 1D: 1.37%
• 1M: 3.09%
• YTD: 15.59%
• 6M: 16.40%
• 1Y: 33.74%
• 3Y*: 18.58%
• 5Y*: 9.19%
• 10Y*: 9.72%

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

FKIDX vs. FTIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FKIDX Fidelity Diversified International K6 Fund	14.73%	27.92%	6.58%	17.57%	-23.30%	13.35%	19.41%	29.76%	-15.21%	8.61%
FTIHX Fidelity Total International Index Fund	15.59%	32.59%	4.98%	15.49%	-16.29%	8.45%	11.09%	21.50%	-14.40%	10.13%

Correlation

The correlation between FKIDX and FTIHX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.94

The correlation between FKIDX and FTIHX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FKIDX vs. FTIHX — Risk / Return Rank

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

FKIDX

FKIDX Risk / Return Rank: 35
FKIDX Sharpe Ratio Rank: 33
FKIDX Sortino Ratio Rank: 32
FKIDX Omega Ratio Rank: 32
FKIDX Calmar Ratio Rank: 38
FKIDX Martin Ratio Rank: 42

FTIHX

FTIHX Risk / Return Rank: 62
FTIHX Sharpe Ratio Rank: 64
FTIHX Sortino Ratio Rank: 58
FTIHX Omega Ratio Rank: 63
FTIHX Calmar Ratio Rank: 63
FTIHX Martin Ratio Rank: 61

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.

FKIDX vs. FTIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International K6 Fund (FKIDX) and Fidelity Total International Index Fund (FTIHX). 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.

	FKIDX	FTIHX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.16	-0.62
Sortino ratio: Return per unit of downside risk	2.19	2.91	-0.72
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.20	2.92	-0.72
Martin ratio: Return relative to average drawdown	8.53	11.31	-2.78

FKIDX vs. FTIHX - Sharpe Ratio Comparison

The current FKIDX Sharpe Ratio is 1.53, which is comparable to the FTIHX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FKIDX and FTIHX, 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

FKIDX vs. FTIHX - Drawdown Comparison

The maximum FKIDX drawdown since its inception was -35.00%, roughly equal to the maximum FTIHX drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for FKIDX and FTIHX.

Drawdown Indicators

	FKIDX	FTIHX	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-35.75%	+0.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.45%	-11.25%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	-13.15%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-35.00%	-29.99%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.75%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.16%	-7.19%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.90%	+0.30%

Volatility

FKIDX vs. FTIHX - Volatility Comparison

Fidelity Diversified International K6 Fund (FKIDX) has a higher volatility of 6.96% compared to Fidelity Total International Index Fund (FTIHX) at 6.33%. This indicates that FKIDX's price experiences larger fluctuations and is considered to be riskier than FTIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKIDX	FTIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	6.33%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	13.24%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.91%	15.25%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	15.46%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	16.12%	+1.19%

FKIDX vs. FTIHX - Expense Ratio Comparison

FKIDX has a 0.60% expense ratio, which is higher than FTIHX's 0.06% expense ratio.

Dividends

FKIDX vs. FTIHX - Dividend Comparison

FKIDX's dividend yield for the trailing twelve months is around 1.92%, less than FTIHX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FKIDX Fidelity Diversified International K6 Fund	1.92%	2.21%	2.22%	1.55%	0.84%	0.97%	0.61%	1.57%	1.38%	0.19%	0.00%
FTIHX Fidelity Total International Index Fund	2.41%	2.78%	2.88%	2.78%	2.51%	2.55%	1.62%	2.61%	2.21%	0.45%	0.47%

Frequently Asked Questions

Can I hold both FKIDX and FTIHX in my portfolio?

With a correlation of 0.95, FKIDX and FTIHX 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, FKIDX or FTIHX?

FKIDX has higher volatility (6.96%) compared to FTIHX (6.33%). In terms of maximum drawdown, FKIDX dropped -35.00% vs FTIHX's -35.75%.

Which has better risk-adjusted returns?

FTIHX currently has the higher Sharpe Ratio (2.15 vs 1.53), 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.