FSGGX vs. VFSAX
FSGGX (Fidelity Global ex U.S. Index Fund) and VFSAX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares) are both mutual funds - FSGGX is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA Index, while VFSAX is a Foreign Small & Mid Cap Equities fund managed by Vanguard. Over the past 5 years, FSGGX returned 9.21%/yr vs 4.89%/yr for VFSAX. Their correlation of 0.94 means they have usually moved in the same direction. FSGGX charges 0.06%/yr vs 0.16%/yr for VFSAX.
Performance
FSGGX vs. VFSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSGGX achieves a 13.72% return, which is significantly higher than VFSAX's 5.29% return.
FSGGX
- 1D
- 0.05%
- 1M
- 0.38%
- 6M
- 7.28%
- YTD
- 13.72%
- 1Y
- 29.14%
- 3Y*
- 17.70%
- 5Y*
- 9.21%
- 10Y*
- 9.11%
- ALL TIME*
- 7.68%
VFSAX
- 1D
- -0.16%
- 1M
- -2.57%
- 6M
- -0.52%
- YTD
- 5.29%
- 1Y
- 16.14%
- 3Y*
- 13.04%
- 5Y*
- 4.89%
- 10Y*
- —
- ALL TIME*
- 8.33%
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 |
FSGGX vs. VFSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSGGX Fidelity Global ex U.S. Index Fund | 13.72% | 32.93% | 5.30% | 15.57% | -15.75% | 7.74% | 10.73% | 12.36% |
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares | 5.29% | 29.89% | 2.58% | 15.13% | -21.30% | 12.68% | 11.90% | 13.47% |
Correlation
The correlation between FSGGX and VFSAX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.94 |
The correlation between FSGGX and VFSAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FSGGX vs. VFSAX — Risk / Return Rank
FSGGX
VFSAX
FSGGX vs. VFSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global ex U.S. Index Fund (FSGGX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). 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 | VFSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.40 | +1.16 |
| Martin ratioReturn relative to average drawdown | 9.48 | 4.46 | +5.03 |
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Drawdowns
FSGGX vs. VFSAX - Drawdown Comparison
The maximum FSGGX drawdown since its inception was -34.76%, smaller than the maximum VFSAX drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for FSGGX and VFSAX.
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Drawdown Indicators
| FSGGX | VFSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -39.86% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -11.48% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | -14.73% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -33.81% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -34.76% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | -6.77% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -9.15% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.60% | -0.57% |
Volatility
FSGGX vs. VFSAX - Volatility Comparison
Fidelity Global ex U.S. Index Fund (FSGGX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) have volatilities of 5.21% and 4.99%, 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.
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Volatility by Period
| FSGGX | VFSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 4.99% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.57% | 13.01% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 14.80% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 15.27% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 17.06% | -0.96% |
FSGGX vs. VFSAX - Expense Ratio Comparison
FSGGX has a 0.06% expense ratio, which is lower than VFSAX'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
FSGGX vs. VFSAX - Dividend Comparison
FSGGX's dividend yield for the trailing twelve months is around 2.38%, less than VFSAX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGGX Fidelity Global ex U.S. Index Fund | 2.38% | 2.70% | 2.91% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 0.22% | 0.05% | 2.44% |
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares | 3.24% | 3.31% | 3.36% | 3.06% | 2.22% | 2.67% | 1.85% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, FSGGX and VFSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSGGX has higher volatility (5.21%) compared to VFSAX (4.99%). In terms of maximum drawdown, FSGGX dropped -34.76% vs VFSAX's -39.86%.
FSGGX currently has the higher Sharpe Ratio (1.76 vs 1.09), 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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