FPADX vs. FIGSX
FPADX (Fidelity Emerging Markets Index Fund) and FIGSX (Fidelity Series International Growth Fund) are both mutual funds - FPADX is a Emerging Markets Diversified fund managed by Fidelity, while FIGSX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, FPADX returned 10.42%/yr vs 10.19%/yr for FIGSX. A 0.74 correlation means they provide meaningful diversification when combined. FPADX charges 0.07%/yr vs 0.01%/yr for FIGSX.
Performance
FPADX vs. FIGSX - Performance Comparison
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Returns By Period
In the year-to-date period, FPADX achieves a 30.04% return, which is significantly higher than FIGSX's 7.48% return. Both investments have delivered pretty close results over the past 10 years, with FPADX having a 10.42% annualized return and FIGSX not far behind at 10.19%.
FPADX
- 1D
- 1.25%
- 1M
- 10.70%
- YTD
- 30.04%
- 6M
- 32.95%
- 1Y
- 58.94%
- 3Y*
- 24.97%
- 5Y*
- 7.99%
- 10Y*
- 10.42%
FIGSX
- 1D
- 1.23%
- 1M
- 3.27%
- YTD
- 7.48%
- 6M
- 8.70%
- 1Y
- 15.33%
- 3Y*
- 13.32%
- 5Y*
- 6.48%
- 10Y*
- 10.19%
FPADX vs. FIGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 30.04% | 33.90% | 6.80% | 9.51% | -20.06% | -3.07% | 17.84% | 18.28% | -14.65% | 35.16% |
FIGSX Fidelity Series International Growth Fund | 7.48% | 19.12% | 5.93% | 21.74% | -22.87% | 16.61% | 18.52% | 35.59% | -10.97% | 30.21% |
Correlation
The correlation between FPADX and FIGSX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2011 | 0.74 |
The correlation between FPADX and FIGSX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
FPADX vs. FIGSX — Risk / Return Rank
FPADX
FIGSX
FPADX vs. FIGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Fidelity Series International Growth Fund (FIGSX). 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.
| FPADX | FIGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.16 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 1.10 | +3.38 |
| Martin ratioReturn relative to average drawdown | 17.77 | 4.07 | +13.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPADX | FIGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 0.84 | +2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.36 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.51 | -0.14 |
Drawdowns
FPADX vs. FIGSX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than FIGSX's maximum drawdown of -34.47%. Use the drawdown chart below to compare losses from any high point for FPADX and FIGSX.
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Drawdown Indicators
| FPADX | FIGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -34.47% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -13.89% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -16.29% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -34.47% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -34.47% | -4.69% |
Current DrawdownCurrent decline from peak | 0.00% | -2.14% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -6.46% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.75% | -0.41% |
Volatility
FPADX vs. FIGSX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) and Fidelity Series International Growth Fund (FIGSX) have volatilities of 7.57% and 7.37%, 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
| FPADX | FIGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 7.37% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.40% | 15.91% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 18.26% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 18.04% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 17.81% | +0.01% |
FPADX vs. FIGSX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is higher than FIGSX'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
FPADX vs. FIGSX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 1.81%, less than FIGSX's 8.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGSX Fidelity Series International Growth Fund | 8.07% | 8.67% | 4.29% | 1.27% | 3.53% | 8.33% | 16.24% | 3.64% | 7.47% | 3.14% | 2.54% | 3.54% |
FPADX Fidelity Emerging Markets Index Fund | 1.81% | 2.35% | 2.70% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 0.12% | 1.69% | 2.47% |
Frequently Asked Questions
FPADX and FIGSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPADX has higher volatility (7.57%) compared to FIGSX (7.37%). In terms of maximum drawdown, FPADX dropped -39.16% vs FIGSX's -34.47%.
FPADX currently has the higher Sharpe Ratio (3.34 vs 0.84), 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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