FSGEX vs. VIHAX
FSGEX (Fidelity Series Global ex U.S. Index Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - FSGEX is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA Index, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, FSGEX returned 9.55%/yr vs 11.15%/yr for VIHAX. Their correlation of 0.94 means they have usually moved in the same direction. FSGEX charges 0.01%/yr vs 0.16%/yr for VIHAX.
Performance
FSGEX vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSGEX achieves a 14.32% return, which is significantly lower than VIHAX's 17.79% return. Over the past 10 years, FSGEX has underperformed VIHAX with an annualized return of 9.55%, while VIHAX has yielded a comparatively higher 11.15% annualized return.
FSGEX
- 1D
- 0.53%
- 1M
- 0.92%
- 6M
- 7.56%
- YTD
- 14.32%
- 1Y
- 28.32%
- 3Y*
- 18.75%
- 5Y*
- 9.06%
- 10Y*
- 9.55%
- ALL TIME*
- 6.79%
VIHAX
- 1D
- 0.40%
- 1M
- 4.75%
- 6M
- 9.72%
- YTD
- 17.79%
- 1Y
- 33.43%
- 3Y*
- 22.73%
- 5Y*
- 13.91%
- 10Y*
- 11.15%
- ALL TIME*
- 11.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSGEX vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 14.32% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 17.79% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between FSGEX and VIHAX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.94 |
The correlation between FSGEX and VIHAX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
FSGEX vs. VIHAX — Risk / Return Rank
FSGEX
VIHAX
FSGEX vs. VIHAX - 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 International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSGEX | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.53 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.69 | -1.02 |
| Martin ratioReturn relative to average drawdown | 9.89 | 14.12 | -4.23 |
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Drawdowns
FSGEX vs. VIHAX - Drawdown Comparison
The maximum FSGEX drawdown since its inception was -34.74%, smaller than the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for FSGEX and VIHAX.
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Drawdown Indicators
| FSGEX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -38.80% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -9.53% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.34% | -12.29% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -23.92% | -5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -38.80% | +4.06% |
Current DrawdownCurrent decline from peak | -1.74% | -0.22% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -5.94% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.49% | +0.54% |
Volatility
FSGEX vs. VIHAX - Volatility Comparison
Fidelity Series Global ex U.S. Index Fund (FSGEX) has a higher volatility of 5.24% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.19%. This indicates that FSGEX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSGEX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 3.19% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 10.20% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 12.13% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.74% | 13.76% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 15.56% | +0.57% |
FSGEX vs. VIHAX - Expense Ratio Comparison
FSGEX has a 0.01% expense ratio, which is lower than VIHAX's 0.16% 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%.
Dividends
FSGEX vs. VIHAX - Dividend Comparison
FSGEX's dividend yield for the trailing twelve months is around 2.64%, less than VIHAX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.64% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.44% | 3.69% | 4.85% | 4.58% | 4.70% | 4.30% | 3.22% | 5.63% | 4.28% | 3.16% | 2.37% | 0.00% |
Frequently Asked Questions
FSGEX and VIHAX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSGEX has higher volatility (5.24%) compared to VIHAX (3.19%). In terms of maximum drawdown, FSGEX dropped -34.74% vs VIHAX's -38.80%.
VIHAX currently has the higher Sharpe Ratio (2.91 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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