FSGEX vs. SPY
Compare and contrast key facts about Fidelity Series Global ex U.S. Index Fund (FSGEX) and State Street SPDR S&P 500 ETF (SPY).
FSGEX is managed by Fidelity. It was launched on Sep 29, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FSGEX vs. SPY - Performance Comparison
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FSGEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | -1.20% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FSGEX achieves a -1.20% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FSGEX has underperformed SPY with an annualized return of 8.55%, while SPY has yielded a comparatively higher 13.98% annualized return.
FSGEX
- 1D
- -0.06%
- 1M
- -11.07%
- YTD
- -1.20%
- 6M
- 3.57%
- 1Y
- 23.80%
- 3Y*
- 14.32%
- 5Y*
- 6.98%
- 10Y*
- 8.55%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FSGEX vs. SPY - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than SPY's 0.09% 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%.
Return for Risk
FSGEX vs. SPY — Risk / Return Rank
FSGEX
SPY
FSGEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Global ex U.S. Index Fund (FSGEX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FSGEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.93 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.45 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.53 | +0.37 |
Martin ratioReturn relative to average drawdown | 7.46 | 7.30 | +0.16 |
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
| FSGEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.93 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.69 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.78 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.56 | -0.20 |
Correlation
The correlation between FSGEX and SPY is 0.78, 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.
Dividends
FSGEX vs. SPY - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 3.06%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 3.06% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FSGEX vs. SPY - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.74%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSGEX and SPY.
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Drawdown Indicators
| FSGEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -55.19% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -12.05% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.66% | -24.50% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -33.72% | -1.02% |
Current DrawdownCurrent decline from peak | -11.24% | -6.24% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -9.09% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.52% | +0.34% |
Volatility
FSGEX vs. SPY - Volatility Comparison
Fidelity Series Global ex U.S. Index Fund (FSGEX) has a higher volatility of 7.21% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that FSGEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSGEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.31% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 9.47% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 19.05% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 17.06% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.92% | -1.80% |