FSGGX vs. FIVFX

Last updated Jun 24, 2026

FSGGX (Fidelity Global ex U.S. Index Fund) and FIVFX (Fidelity International Capital Appreciation Fund) are both Foreign Large Cap Equities funds from Fidelity. Their correlation of 0.87 suggests significant overlap in exposure. FSGGX charges 0.06%/yr vs 1.00%/yr for FIVFX.

Performance

FSGGX vs. FIVFX - 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 International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSGGX

• 1D: 0.18%
• 1M: 3.72%
• YTD: 16.40%
• 6M: 16.40%
• 1Y: 34.01%
• 3Y*: 20.37%
• 5Y*: 9.38%
• 10Y*: 10.12%

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSGGX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSGGX Fidelity Global ex U.S. Index Fund	16.40%	32.93%	5.30%	15.57%	-15.75%	7.74%	10.73%	21.36%	-13.93%	24.73%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	12.14%	22.32%	33.05%	-12.87%	35.81%

Correlation

The correlation between FSGGX and FIVFX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.87

Over the past year, the correlation between FSGGX and FIVFX has dropped to 0.17 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

FSGGX vs. FIVFX — Risk / Return Rank

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

FSGGX

FSGGX Risk / Return Rank: 68
FSGGX Sharpe Ratio Rank: 71
FSGGX Sortino Ratio Rank: 63
FSGGX Omega Ratio Rank: 70
FSGGX Calmar Ratio Rank: 72
FSGGX Martin Ratio Rank: 65

FIVFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FIVFX - 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 International Capital Appreciation Fund (FIVFX). 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.

	FSGGX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.03	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.11	—	—
Martin ratio: Return relative to average drawdown	12.00	—	—

Drawdowns

Drawdown Indicators

	FSGGX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.76%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	FSGGX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	—	—

FSGGX vs. FIVFX - Expense Ratio Comparison

FSGGX has a 0.06% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

FSGGX vs. FIVFX - Dividend Comparison

FSGGX's dividend yield for the trailing twelve months is around 2.32%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
FSGGX Fidelity Global ex U.S. Index Fund	2.32%	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 FIVFX in my portfolio?

FSGGX and FIVFX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.