FSGGX vs. VTIAX

Last updated Jun 23, 2026

FSGGX (Fidelity Global ex U.S. Index Fund) and VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) are both Foreign Large Cap Equities funds - FSGGX tracks the MSCI ACWI ex USA Index while VTIAX tracks the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, FSGGX returned 9.61%/yr vs 9.97%/yr for VTIAX. With a 0.99 correlation, they move nearly in lockstep. FSGGX charges 0.06%/yr vs 0.09%/yr for VTIAX.

Performance

FSGGX vs. VTIAX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FSGGX having a 16.18% return and VTIAX slightly lower at 15.62%. Both investments have delivered pretty close results over the past 10 years, with FSGGX having a 9.61% annualized return and VTIAX not far ahead at 9.97%.

FSGGX

• 1D: 1.50%
• 1M: 3.53%
• YTD: 16.18%
• 6M: 17.00%
• 1Y: 34.65%
• 3Y*: 18.94%
• 5Y*: 9.50%
• 10Y*: 9.61%

VTIAX

• 1D: 1.33%
• 1M: 3.10%
• YTD: 15.62%
• 6M: 16.30%
• 1Y: 34.01%
• 3Y*: 18.59%
• 5Y*: 9.25%
• 10Y*: 9.97%

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

FSGGX vs. VTIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSGGX Fidelity Global ex U.S. Index Fund	16.18%	32.93%	5.30%	15.57%	-15.75%	7.74%	10.73%	21.36%	-13.93%	24.73%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	15.62%	32.18%	5.34%	15.28%	-16.02%	8.59%	11.27%	21.52%	-14.46%	27.54%

Correlation

The correlation between FSGGX and VTIAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.99

The correlation between FSGGX and VTIAX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FSGGX vs. VTIAX — Risk / Return Rank

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

FSGGX

FSGGX Risk / Return Rank: 63
FSGGX Sharpe Ratio Rank: 65
FSGGX Sortino Ratio Rank: 58
FSGGX Omega Ratio Rank: 64
FSGGX Calmar Ratio Rank: 66
FSGGX Martin Ratio Rank: 62

VTIAX

VTIAX Risk / Return Rank: 64
VTIAX Sharpe Ratio Rank: 67
VTIAX Sortino Ratio Rank: 60
VTIAX Omega Ratio Rank: 66
VTIAX Calmar Ratio Rank: 64
VTIAX Martin Ratio Rank: 61

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. VTIAX - 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 Total International Stock Index Fund Admiral Shares (VTIAX). 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	VTIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.20	-0.03
Sortino ratio: Return per unit of downside risk	2.93	2.97	-0.04
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.00	2.94	+0.06
Martin ratio: Return relative to average drawdown	11.56	11.43	+0.13

FSGGX vs. VTIAX - Sharpe Ratio Comparison

The current FSGGX Sharpe Ratio is 2.17, which is comparable to the VTIAX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FSGGX and VTIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSGGX vs. VTIAX - Drawdown Comparison

The maximum FSGGX drawdown since its inception was -34.76%, roughly equal to the maximum VTIAX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for FSGGX and VTIAX.

Drawdown Indicators

	FSGGX	VTIAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.76%	-35.83%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	-11.28%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-13.13%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-29.53%	-29.52%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-34.76%	-35.83%	+1.07%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.33%	-8.06%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.90%	+0.02%

Volatility

FSGGX vs. VTIAX - Volatility Comparison

Fidelity Global ex U.S. Index Fund (FSGGX) has a higher volatility of 6.57% compared to Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) at 6.12%. This indicates that FSGGX's price experiences larger fluctuations and is considered to be riskier than VTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSGGX	VTIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	6.12%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	13.05%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	15.09%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	15.21%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	15.97%	+0.28%

FSGGX vs. VTIAX - Expense Ratio Comparison

FSGGX has a 0.06% expense ratio, which is lower than VTIAX's 0.09% 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. VTIAX - Dividend Comparison

FSGGX's dividend yield for the trailing twelve months is around 2.32%, less than VTIAX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	2.49%	3.15%	3.33%	3.22%	3.04%	3.05%	2.10%	3.04%	3.16%	2.73%	2.93%	2.84%

Frequently Asked Questions

Can I hold both FSGGX and VTIAX in my portfolio?

With a correlation of 0.99, FSGGX and VTIAX 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.

Which is riskier, FSGGX or VTIAX?

FSGGX has higher volatility (6.57%) compared to VTIAX (6.12%). In terms of maximum drawdown, FSGGX dropped -34.76% vs VTIAX's -35.83%.

Which has better risk-adjusted returns?

VTIAX currently has the higher Sharpe Ratio (2.20 vs 2.17), 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.