Correlation
The correlation between FQITX and DFAI is 0.72, 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.
FQITX vs. DFAI
Compare and contrast key facts about Fidelity SAI International Quality Index Fund (FQITX) and Dimensional International Core Equity Market ETF (DFAI).
FQITX is managed by Fidelity. It was launched on May 11, 2020. DFAI is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Nov 17, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FQITX or DFAI.
Performance
FQITX vs. DFAI - Performance Comparison
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Key characteristics
FQITX:
0.53
DFAI:
0.91
FQITX:
0.80
DFAI:
1.28
FQITX:
1.10
DFAI:
1.18
FQITX:
0.50
DFAI:
1.08
FQITX:
1.42
DFAI:
3.40
FQITX:
5.80%
DFAI:
4.21%
FQITX:
17.22%
DFAI:
16.72%
FQITX:
-37.32%
DFAI:
-27.44%
FQITX:
-0.65%
DFAI:
-0.41%
Returns By Period
In the year-to-date period, FQITX achieves a 12.56% return, which is significantly lower than DFAI's 16.90% return.
FQITX
12.56%
3.45%
9.56%
7.70%
9.51%
7.56%
N/A
DFAI
16.90%
5.55%
13.40%
13.94%
11.13%
N/A
N/A
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FQITX vs. DFAI - Expense Ratio Comparison
FQITX has a 0.19% expense ratio, which is higher than DFAI's 0.18% 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%.
Risk-Adjusted Performance
FQITX vs. DFAI — Risk-Adjusted Performance Rank
FQITX
DFAI
FQITX vs. DFAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Quality Index Fund (FQITX) and Dimensional International Core Equity Market ETF (DFAI). 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
FQITX vs. DFAI - Dividend Comparison
FQITX's dividend yield for the trailing twelve months is around 1.42%, less than DFAI's 2.48% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
FQITX Fidelity SAI International Quality Index Fund | 1.42% | 1.60% | 2.54% | 3.13% | 11.09% | 0.89% |
DFAI Dimensional International Core Equity Market ETF | 2.48% | 2.72% | 2.64% | 2.72% | 2.06% | 0.09% |
Drawdowns
FQITX vs. DFAI - Drawdown Comparison
The maximum FQITX drawdown since its inception was -37.32%, which is greater than DFAI's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for FQITX and DFAI.
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Volatility
FQITX vs. DFAI - Volatility Comparison
Fidelity SAI International Quality Index Fund (FQITX) has a higher volatility of 3.45% compared to Dimensional International Core Equity Market ETF (DFAI) at 2.91%. This indicates that FQITX's price experiences larger fluctuations and is considered to be riskier than DFAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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