FSGEX vs. VEU
Compare and contrast key facts about Fidelity Series Global ex U.S. Index Fund (FSGEX) and Vanguard FTSE All-World ex-US ETF (VEU).
FSGEX is managed by Fidelity. It was launched on Sep 29, 2009. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSGEX or VEU.
Performance
FSGEX vs. VEU - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FSGEX having a 6.93% return and VEU slightly higher at 7.08%. Over the past 10 years, FSGEX has underperformed VEU with an annualized return of 4.57%, while VEU has yielded a comparatively higher 4.82% annualized return.
FSGEX
6.93%
-2.76%
-0.13%
13.04%
5.35%
4.57%
VEU
7.08%
-2.58%
0.07%
12.95%
5.62%
4.82%
Key characteristics
| FSGEX | VEU | |
|---|---|---|
| Sharpe Ratio | 1.01 | 1.03 |
| Sortino Ratio | 1.47 | 1.49 |
| Omega Ratio | 1.19 | 1.18 |
| Calmar Ratio | 1.20 | 1.25 |
| Martin Ratio | 5.05 | 4.97 |
| Ulcer Index | 2.58% | 2.61% |
| Daily Std Dev | 12.88% | 12.61% |
| Max Drawdown | -34.73% | -61.52% |
| Current Drawdown | -7.03% | -7.07% |
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FSGEX vs. VEU - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than VEU's 0.07% 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 VEU is 0.96, 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. VEU - 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 Vanguard FTSE All-World ex-US ETF (VEU). 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. VEU - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 2.71%, less than VEU's 2.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.71% | 2.90% | 2.78% | 2.59% | 1.68% | 2.00% | 2.86% | 2.33% | 2.51% | 2.61% | 3.12% | 1.98% |
VEU Vanguard FTSE All-World ex-US ETF | 2.98% | 3.32% | 3.12% | 3.07% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% | 3.52% | 2.66% |
Drawdowns
FSGEX vs. VEU - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.73%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for FSGEX and VEU. For additional features, visit the drawdowns tool.
Volatility
FSGEX vs. VEU - Volatility Comparison
Fidelity Series Global ex U.S. Index Fund (FSGEX) and Vanguard FTSE All-World ex-US ETF (VEU) have volatilities of 3.69% and 3.76%, 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.