FSGGX vs. GTMIX
Compare and contrast key facts about Fidelity Global ex U.S. Index Fund (FSGGX) and GMO Tax-Managed International Equities Fund (GTMIX).
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. GTMIX is managed by GMO. It was launched on Jul 28, 1998.
Performance
FSGGX vs. GTMIX - Performance Comparison
Loading graphics...
FSGGX vs. GTMIX - 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% |
GTMIX GMO Tax-Managed International Equities Fund | 5.80% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Returns By Period
In the year-to-date period, FSGGX achieves a -1.18% return, which is significantly lower than GTMIX's 5.80% return. Over the past 10 years, FSGGX has underperformed GTMIX with an annualized return of 8.09%, while GTMIX has yielded a comparatively higher 9.60% 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%
GTMIX
- 1D
- 0.35%
- 1M
- -6.82%
- YTD
- 5.80%
- 6M
- 15.97%
- 1Y
- 37.75%
- 3Y*
- 19.28%
- 5Y*
- 11.05%
- 10Y*
- 9.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSGGX vs. GTMIX - Expense Ratio Comparison
FSGGX has a 0.06% expense ratio, which is lower than GTMIX's 0.68% expense ratio.
Return for Risk
FSGGX vs. GTMIX — Risk / Return Rank
FSGGX
GTMIX
FSGGX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global ex U.S. Index Fund (FSGGX) and GMO Tax-Managed International Equities Fund (GTMIX). 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 | GTMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.38 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.93 | 3.06 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.92 | -1.03 |
Martin ratioReturn relative to average drawdown | 7.45 | 14.29 | -6.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSGGX | GTMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.38 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.75 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.60 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.04 |
Correlation
The correlation between FSGGX and GTMIX is 0.93, 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. GTMIX - Dividend Comparison
FSGGX's dividend yield for the trailing twelve months is around 2.73%, less than GTMIX's 21.21% 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% |
GTMIX GMO Tax-Managed International Equities Fund | 21.21% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
Drawdowns
FSGGX vs. GTMIX - Drawdown Comparison
The maximum FSGGX drawdown since its inception was -34.76%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for FSGGX and GTMIX.
Loading graphics...
Drawdown Indicators
| FSGGX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -58.31% | +23.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -11.24% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -28.81% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -34.76% | -40.32% | +5.56% |
Current DrawdownCurrent decline from peak | -11.26% | -6.82% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -12.75% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.46% | +0.39% |
Volatility
FSGGX vs. GTMIX - Volatility Comparison
Fidelity Global ex U.S. Index Fund (FSGGX) has a higher volatility of 7.25% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 5.33%. This indicates that FSGGX's price experiences larger fluctuations and is considered to be riskier than GTMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSGGX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 5.33% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 9.28% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 15.41% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 14.87% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.05% | +0.04% |