FNSTX vs. FGIYX

Last updated Jun 23, 2026

FNSTX (Fidelity Infrastructure Fund) and FGIYX (Nuveen Global Infrastructure Fund) are both mutual funds - FNSTX is a Large Cap Blend Equities fund managed by Fidelity, while FGIYX is a Energy Equities fund managed by Nuveen. Over the past 5 years, FNSTX returned 10.73%/yr vs 9.96%/yr for FGIYX. Their correlation of 0.90 suggests significant overlap in exposure. FNSTX charges 1.00%/yr vs 0.97%/yr for FGIYX.

Performance

FNSTX vs. FGIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Infrastructure Fund (FNSTX) and Nuveen Global Infrastructure Fund (FGIYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNSTX achieves a 10.14% return, which is significantly lower than FGIYX's 11.24% return.

FNSTX

• 1D: 1.76%
• 1M: -0.43%
• YTD: 10.14%
• 6M: 10.20%
• 1Y: 26.78%
• 3Y*: 17.81%
• 5Y*: 10.73%
• 10Y*: —

FGIYX

• 1D: 0.32%
• 1M: -1.01%
• YTD: 11.24%
• 6M: 12.00%
• 1Y: 17.91%
• 3Y*: 14.30%
• 5Y*: 9.96%
• 10Y*: 9.30%

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

FNSTX vs. FGIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNSTX Fidelity Infrastructure Fund	10.14%	27.42%	14.43%	8.44%	-7.59%	7.58%	12.80%	5.49%
FGIYX Nuveen Global Infrastructure Fund	11.24%	18.08%	10.91%	8.90%	-6.10%	14.85%	-2.55%	8.07%

Correlation

The correlation between FNSTX and FGIYX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.90

Over the past year, the correlation between FNSTX and FGIYX has dropped to 0.63 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

FNSTX vs. FGIYX — Risk / Return Rank

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

FNSTX

FNSTX Risk / Return Rank: 46
FNSTX Sharpe Ratio Rank: 38
FNSTX Sortino Ratio Rank: 33
FNSTX Omega Ratio Rank: 37
FNSTX Calmar Ratio Rank: 73
FNSTX Martin Ratio Rank: 51

FGIYX

FGIYX Risk / Return Rank: 47
FGIYX Sharpe Ratio Rank: 41
FGIYX Sortino Ratio Rank: 39
FGIYX Omega Ratio Rank: 39
FGIYX Calmar Ratio Rank: 67
FGIYX Martin Ratio Rank: 49

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.

FNSTX vs. FGIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Infrastructure Fund (FNSTX) and Nuveen Global Infrastructure Fund (FGIYX). 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.

	FNSTX	FGIYX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.74	-0.08
Sortino ratio: Return per unit of downside risk	2.22	2.43	-0.20
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	3.16	3.01	+0.15
Martin ratio: Return relative to average drawdown	9.81	9.56	+0.26

FNSTX vs. FGIYX - Sharpe Ratio Comparison

The current FNSTX Sharpe Ratio is 1.66, which is comparable to the FGIYX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of FNSTX and FGIYX, 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

FNSTX vs. FGIYX - Drawdown Comparison

The maximum FNSTX drawdown since its inception was -35.82%, smaller than the maximum FGIYX drawdown of -49.18%. Use the drawdown chart below to compare losses from any high point for FNSTX and FGIYX.

Drawdown Indicators

	FNSTX	FGIYX	Difference
Max Drawdown Largest peak-to-trough decline	-35.82%	-49.18%	+13.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-5.99%	-2.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-12.49%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-21.97%	-20.92%	-1.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.06%	—
Current Drawdown Current decline from peak	-2.79%	-2.82%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.16%	-7.02%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	1.88%	+0.83%

Volatility

FNSTX vs. FGIYX - Volatility Comparison

Fidelity Infrastructure Fund (FNSTX) has a higher volatility of 5.80% compared to Nuveen Global Infrastructure Fund (FGIYX) at 3.38%. This indicates that FNSTX's price experiences larger fluctuations and is considered to be riskier than FGIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNSTX	FGIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	3.38%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	8.62%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.05%	10.41%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	13.21%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	15.36%	+3.42%

FNSTX vs. FGIYX - Expense Ratio Comparison

FNSTX has a 1.00% expense ratio, which is higher than FGIYX's 0.97% expense ratio.

Dividends

FNSTX vs. FGIYX - Dividend Comparison

FNSTX's dividend yield for the trailing twelve months is around 3.80%, less than FGIYX's 14.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIYX Nuveen Global Infrastructure Fund	14.94%	10.28%	7.74%	2.51%	6.41%	7.48%	1.62%	12.32%	6.62%	6.10%	8.64%	3.31%
FNSTX Fidelity Infrastructure Fund	3.80%	4.16%	1.59%	1.85%	1.35%	0.63%	0.80%	0.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNSTX and FGIYX in my portfolio?

FNSTX and FGIYX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNSTX or FGIYX?

FNSTX has higher volatility (5.80%) compared to FGIYX (3.38%). In terms of maximum drawdown, FNSTX dropped -35.82% vs FGIYX's -49.18%.

Which has better risk-adjusted returns?

FGIYX currently has the higher Sharpe Ratio (1.74 vs 1.66), 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.