FSGGX vs. FSGEX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Global ex U.S. Index Fund (FSGGX) and Fidelity Series Global ex U.S. Index Fund (FSGEX).

FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011. FSGEX is managed by Fidelity. It was launched on Sep 29, 2009.

Performance

FSGGX vs. FSGEX - 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 Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

FSGGX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSGGX Fidelity Global ex U.S. Index Fund	-1.18%	32.93%	5.30%	15.57%	-15.75%	7.74%	10.73%	21.36%	-13.93%	24.73%
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%

Returns By Period

The year-to-date returns for both stocks are quite close, with FSGGX having a -1.18% return and FSGEX slightly lower at -1.20%. Over the past 10 years, FSGGX has underperformed FSGEX with an annualized return of 8.09%, while FSGEX has yielded a comparatively higher 8.55% annualized return.

FSGGX

• 1D: -0.05%
• 1M: -11.05%
• YTD: -1.18%
• 6M: 3.57%
• 1Y: 23.73%
• 3Y*: 14.32%
• 5Y*: 6.96%
• 10Y*: 8.09%

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%

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

FSGGX vs. FSGEX - Expense Ratio Comparison

FSGGX has a 0.06% expense ratio, which is higher than FSGEX'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%.

FSGGX

Fidelity Global ex U.S. Index Fund

FSGEX

Fidelity Series Global ex U.S. Index Fund

Return for Risk

FSGGX vs. FSGEX — Risk / Return Rank

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

FSGGX

FSGGX Risk / Return Rank: 78
FSGGX Sharpe Ratio Rank: 79
FSGGX Sortino Ratio Rank: 78
FSGGX Omega Ratio Rank: 76
FSGGX Calmar Ratio Rank: 80
FSGGX Martin Ratio Rank: 77

FSGEX

FSGEX Risk / Return Rank: 78
FSGEX Sharpe Ratio Rank: 79
FSGEX Sortino Ratio Rank: 78
FSGEX Omega Ratio Rank: 76
FSGEX Calmar Ratio Rank: 80
FSGEX Martin Ratio Rank: 77

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. FSGEX - 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 Global ex U.S. Index Fund (FSGEX). 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	FSGEX	Difference
Sharpe ratio Return per unit of total volatility	1.42	1.43	0.00
Sortino ratio Return per unit of downside risk	1.93	1.93	0.00
Omega ratio Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio Return relative to maximum drawdown	1.89	1.89	-0.01
Martin ratio Return relative to average drawdown	7.45	7.46	-0.01
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. FSGEX - Sharpe Ratio Comparison

The current FSGGX Sharpe Ratio is 1.42, which is comparable to the FSGEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FSGGX and FSGEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSGGX	FSGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.43	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.46	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.53	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.36	+0.07

Correlation

The correlation between FSGGX and FSGEX is 0.99, 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

FSGGX vs. FSGEX - Dividend Comparison

FSGGX's dividend yield for the trailing twelve months is around 2.73%, less than FSGEX's 3.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSGGX Fidelity Global ex U.S. Index Fund	2.73%	2.70%	2.91%	2.95%	2.64%	2.60%	1.71%	2.85%	2.66%	0.22%	0.05%	2.44%
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%

Drawdowns

FSGGX vs. FSGEX - Drawdown Comparison

The maximum FSGGX drawdown since its inception was -34.76%, roughly equal to the maximum FSGEX drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for FSGGX and FSGEX.

Drawdown Indicators

	FSGGX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-34.76%	-34.74%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	-11.24%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-29.66%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-34.76%	-34.74%	-0.02%
Current Drawdown Current decline from peak	-11.26%	-11.24%	-0.02%
Average Drawdown Average peak-to-trough decline	-7.41%	-8.51%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.86%	-0.01%

Volatility

FSGGX vs. FSGEX - Volatility Comparison

Fidelity Global ex U.S. Index Fund (FSGGX) and Fidelity Series Global ex U.S. Index Fund (FSGEX) have volatilities of 7.25% and 7.21%, 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	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	7.21%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	10.85%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	16.09%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	15.14%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	16.12%	-0.03%