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.
Performance
FSGEX vs. VEU - Performance Comparison
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FSGEX vs. VEU - 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% |
VEU Vanguard FTSE All-World ex-US ETF | 2.25% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
Returns By Period
In the year-to-date period, FSGEX achieves a -1.20% return, which is significantly lower than VEU's 2.25% return. Over the past 10 years, FSGEX has underperformed VEU with an annualized return of 8.55%, while VEU has yielded a comparatively higher 9.02% 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%
VEU
- 1D
- 3.23%
- 1M
- -8.07%
- YTD
- 2.25%
- 6M
- 7.22%
- 1Y
- 27.68%
- 3Y*
- 15.69%
- 5Y*
- 7.46%
- 10Y*
- 9.02%
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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%.
Return for Risk
FSGEX vs. VEU — Risk / Return Rank
FSGEX
VEU
FSGEX vs. VEU - 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 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.
| FSGEX | VEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.62 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.23 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.36 | -0.46 |
Martin ratioReturn relative to average drawdown | 7.46 | 9.13 | -1.67 |
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 | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.62 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.47 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.23 | +0.13 |
Correlation
The correlation between FSGEX and VEU is 0.97, 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. VEU - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 3.06%, more than VEU's 2.92% 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% |
VEU Vanguard FTSE All-World ex-US ETF | 2.92% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Drawdowns
FSGEX vs. VEU - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.74%, 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.
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Drawdown Indicators
| FSGEX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -61.52% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -11.43% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.66% | -29.31% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -34.98% | +0.24% |
Current DrawdownCurrent decline from peak | -11.24% | -8.57% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -13.23% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.95% | -0.09% |
Volatility
FSGEX vs. VEU - Volatility Comparison
The current volatility for Fidelity Series Global ex U.S. Index Fund (FSGEX) is 7.21%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 8.23%. This indicates that FSGEX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSGEX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 8.23% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 11.54% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 17.22% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 15.83% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.13% | -1.01% |