FNGZX vs. FINVX
FNGZX (Franklin International Growth Fund) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FNGZX returned 6.53%/yr vs 11.14%/yr for FINVX. A 0.80 correlation means they provide meaningful diversification when combined. FNGZX charges 0.86%/yr vs 0.01%/yr for FINVX.
Performance
FNGZX vs. FINVX - Performance Comparison
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Returns By Period
Over the past 10 years, FNGZX has underperformed FINVX with an annualized return of 6.53%, while FINVX has yielded a comparatively higher 11.14% annualized return.
FNGZX
- 1D
- 1.10%
- 1M
- -0.06%
- 6M
- -3.75%
- YTD
- -0.00%
- 1Y
- -3.37%
- 3Y*
- 3.37%
- 5Y*
- -3.47%
- 10Y*
- 6.53%
FINVX
- 1D
- 0.53%
- 1M
- 1.30%
- 6M
- 6.21%
- YTD
- 9.68%
- 1Y
- 26.28%
- 3Y*
- 22.02%
- 5Y*
- 15.04%
- 10Y*
- 11.14%
FNGZX vs. FINVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | -0.00% | 10.54% | 0.66% | 15.24% | -31.87% | 0.45% | 32.90% | 37.18% | -14.30% | 36.28% |
FINVX Fidelity Series International Value Fund | 9.68% | 45.75% | 6.20% | 20.35% | -7.21% | 16.39% | 4.87% | 19.85% | -16.40% | 20.41% |
Correlation
The correlation between FNGZX and FINVX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.80 |
The correlation between FNGZX and FINVX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
FNGZX vs. FINVX — Risk / Return Rank
FNGZX
FINVX
FNGZX vs. FINVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) 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.
| FNGZX | FINVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.60 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.40 | 9.52 | -9.92 |
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Drawdowns
FNGZX vs. FINVX - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, which is greater than FINVX's maximum drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for FNGZX and FINVX.
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Drawdown Indicators
| FNGZX | FINVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -42.48% | -10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -10.38% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -14.60% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -27.13% | -20.50% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -42.48% | -5.15% |
Current DrawdownCurrent decline from peak | -21.09% | -0.58% | -20.51% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -8.99% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 2.83% | +3.53% |
Volatility
FNGZX vs. FINVX - Volatility Comparison
Franklin International Growth Fund (FNGZX) has a higher volatility of 4.67% compared to Fidelity Series International Value Fund (FINVX) at 3.80%. This indicates that FNGZX's price experiences larger fluctuations and is considered to be riskier than FINVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | FINVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 3.80% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 12.65% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 15.27% | +2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 16.72% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 17.73% | +2.36% |
FNGZX vs. FINVX - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is higher than FINVX's 0.01% expense ratio.
Dividends
FNGZX vs. FINVX - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.37%, less than FINVX's 10.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINVX Fidelity Series International Value Fund | 10.21% | 11.20% | 4.14% | 3.29% | 3.33% | 5.01% | 2.83% | 4.05% | 4.05% | 3.14% | 2.62% | 2.14% |
FNGZX Franklin International Growth Fund | 3.37% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
Frequently Asked Questions
FNGZX and FINVX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGZX has higher volatility (4.67%) compared to FINVX (3.80%). In terms of maximum drawdown, FNGZX dropped -53.35% vs FINVX's -42.48%.
FINVX currently has the higher Sharpe Ratio (1.78 vs -0.14), 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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