FSGGX vs. FINVX

Last updated Jun 4, 2026

FSGGX (Fidelity Global ex U.S. Index Fund) and FINVX (Fidelity Series International Value Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FSGGX returned 9.49%/yr vs 10.61%/yr for FINVX. Their correlation of 0.94 suggests significant overlap in exposure. FSGGX charges 0.06%/yr vs 0.01%/yr for FINVX.

Performance

FSGGX vs. FINVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Global ex U.S. Index Fund (FSGGX) and Fidelity Series International Value Fund (FINVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSGGX achieves a 15.86% return, which is significantly higher than FINVX's 7.50% return. Over the past 10 years, FSGGX has underperformed FINVX with an annualized return of 9.49%, while FINVX has yielded a comparatively higher 10.61% annualized return.

FSGGX

• 1D: 0.75%
• 1M: 6.14%
• YTD: 15.86%
• 6M: 18.71%
• 1Y: 33.87%
• 3Y*: 20.16%
• 5Y*: 9.04%
• 10Y*: 9.49%

FINVX

• 1D: 0.36%
• 1M: 2.95%
• YTD: 7.50%
• 6M: 11.64%
• 1Y: 24.85%
• 3Y*: 22.98%
• 5Y*: 13.45%
• 10Y*: 10.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSGGX vs. FINVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSGGX Fidelity Global ex U.S. Index Fund	15.86%	32.93%	5.30%	15.57%	-15.75%	7.74%	10.73%	21.36%	-13.93%	24.73%
FINVX Fidelity Series International Value Fund	7.50%	45.75%	6.20%	20.35%	-7.21%	16.39%	4.87%	19.85%	-16.40%	20.41%

Correlation

The correlation between FSGGX and FINVX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 12, 2011	0.94

The correlation between FSGGX and FINVX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

FSGGX vs. FINVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSGGX

FSGGX Risk / Return Rank: 59
FSGGX Sharpe Ratio Rank: 62
FSGGX Sortino Ratio Rank: 55
FSGGX Omega Ratio Rank: 59
FSGGX Calmar Ratio Rank: 60
FSGGX Martin Ratio Rank: 58

FINVX

FINVX Risk / Return Rank: 34
FINVX Sharpe Ratio Rank: 32
FINVX Sortino Ratio Rank: 31
FINVX Omega Ratio Rank: 31
FINVX Calmar Ratio Rank: 37
FINVX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSGGX vs. FINVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Global ex U.S. Index Fund (FSGGX) and Fidelity Series International Value Fund (FINVX). 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.

	FSGGX	FINVX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.62	+0.69
Sortino ratio: Return per unit of downside risk	3.14	2.30	+0.84
Omega ratio: Gain probability vs. loss probability	1.43	1.29	+0.14
Calmar ratio: Return relative to maximum drawdown	2.97	2.31	+0.66
Martin ratio: Return relative to average drawdown	11.65	8.58	+3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSGGX vs. FINVX - Sharpe Ratio Comparison

The current FSGGX Sharpe Ratio is 2.31, which is higher than the FINVX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FSGGX and FINVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSGGX	FINVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	1.62	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.81	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.59	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.37	+0.12

Drawdowns

FSGGX vs. FINVX - Drawdown Comparison

The maximum FSGGX drawdown since its inception was -34.76%, smaller than the maximum FINVX drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for FSGGX and FINVX.

Drawdown Indicators

	FSGGX	FINVX	Difference
Max Drawdown Largest peak-to-trough decline	-34.76%	-42.48%	+7.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	-10.38%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-14.60%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-27.13%	-2.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.76%	-42.48%	+7.72%
Current Drawdown Current decline from peak	0.00%	-1.12%	+1.12%
Average Drawdown Average peak-to-trough decline	-7.34%	-9.04%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.79%	+0.08%

Volatility

FSGGX vs. FINVX - Volatility Comparison

Fidelity Global ex U.S. Index Fund (FSGGX) and Fidelity Series International Value Fund (FINVX) have volatilities of 4.97% and 4.80%, 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.

Volatility by Period

	FSGGX	FINVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	4.80%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	11.94%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	14.84%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	16.71%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	18.06%	-1.87%

FSGGX vs. FINVX - Expense Ratio Comparison

FSGGX has a 0.06% expense ratio, which is higher than FINVX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSGGX vs. FINVX - Dividend Comparison

FSGGX's dividend yield for the trailing twelve months is around 2.33%, less than FINVX's 10.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FINVX Fidelity Series International Value Fund	10.42%	11.20%	4.14%	3.29%	3.33%	5.01%	2.83%	4.05%	4.05%	3.14%	2.62%	2.14%
FSGGX Fidelity Global ex U.S. Index Fund	2.33%	2.70%	2.91%	2.95%	2.64%	2.60%	1.71%	2.85%	2.66%	0.22%	0.05%	2.44%

Frequently Asked Questions

Can I hold both FSGGX and FINVX in my portfolio?

FSGGX and FINVX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSGGX or FINVX?

FSGGX has higher volatility (4.97%) compared to FINVX (4.80%). In terms of maximum drawdown, FSGGX dropped -34.76% vs FINVX's -42.48%.

Which has better risk-adjusted returns?

FSGGX currently has the higher Sharpe Ratio (2.31 vs 1.62), 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.