FSGEX vs. FSGGX
Compare and contrast key facts about Fidelity Series Global ex U.S. Index Fund (FSGEX) and Fidelity Global ex U.S. Index Fund (FSGGX).
FSGEX is managed by Fidelity. It was launched on Sep 29, 2009. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSGEX or FSGGX.
Performance
FSGEX vs. FSGGX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSGEX having a 6.64% return and FSGGX slightly lower at 6.61%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FSGEX at 4.55% and FSGGX at 4.55%.
FSGEX
6.64%
-3.78%
0.14%
12.74%
5.29%
4.55%
FSGGX
6.61%
-3.78%
0.13%
12.62%
5.28%
4.55%
Key characteristics
| FSGEX | FSGGX | |
|---|---|---|
| Sharpe Ratio | 0.99 | 1.04 |
| Sortino Ratio | 1.44 | 1.50 |
| Omega Ratio | 1.18 | 1.19 |
| Calmar Ratio | 1.16 | 1.16 |
| Martin Ratio | 5.00 | 4.99 |
| Ulcer Index | 2.55% | 2.53% |
| Daily Std Dev | 12.88% | 12.11% |
| Max Drawdown | -34.73% | -34.76% |
| Current Drawdown | -7.28% | -7.29% |
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FSGEX vs. FSGGX - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than FSGGX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FSGEX and FSGGX is 0.99, 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.
Risk-Adjusted Performance
FSGEX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Global ex U.S. Index Fund (FSGEX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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.
Dividends
FSGEX vs. FSGGX - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 2.72%, less than FSGGX's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.72% | 2.90% | 2.78% | 2.59% | 1.68% | 2.00% | 2.86% | 2.33% | 2.51% | 2.61% | 3.12% | 1.98% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.77% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.09% | 2.06% | 2.44% | 2.61% | 3.42% |
Drawdowns
FSGEX vs. FSGGX - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.73%, roughly equal to the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FSGEX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
FSGEX vs. FSGGX - Volatility Comparison
Fidelity Series Global ex U.S. Index Fund (FSGEX) and Fidelity Global ex U.S. Index Fund (FSGGX) have volatilities of 3.69% and 3.66%, 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.