FSKLX vs. IDMO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI International Low Volatility Index Fund (FSKLX) and Invesco S&P International Developed Momentum ETF (IDMO).

FSKLX is managed by Fidelity. It was launched on May 29, 2015. IDMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. It was launched on Feb 24, 2012.

Performance

FSKLX vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI International Low Volatility Index Fund (FSKLX) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

FSKLX vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSKLX Fidelity SAI International Low Volatility Index Fund	4.89%	21.95%	1.20%	13.84%	-13.48%	9.91%	-1.57%	16.12%	-4.88%	21.40%
IDMO Invesco S&P International Developed Momentum ETF	1.97%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Returns By Period

In the year-to-date period, FSKLX achieves a 4.89% return, which is significantly higher than IDMO's 1.97% return. Over the past 10 years, FSKLX has underperformed IDMO with an annualized return of 6.20%, while IDMO has yielded a comparatively higher 11.86% annualized return.

FSKLX

• 1D: 1.50%
• 1M: -4.32%
• YTD: 4.89%
• 6M: 7.57%
• 1Y: 18.31%
• 3Y*: 11.82%
• 5Y*: 6.59%
• 10Y*: 6.20%

IDMO

• 1D: 2.81%
• 1M: -4.19%
• YTD: 1.97%
• 6M: 7.03%
• 1Y: 31.67%
• 3Y*: 23.75%
• 5Y*: 14.52%
• 10Y*: 11.86%

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

FSKLX vs. IDMO - Expense Ratio Comparison

FSKLX has a 0.17% expense ratio, which is lower than IDMO's 0.25% 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%.

IDMO

Invesco S&P International Developed Momentum ETF

FSKLX

Fidelity SAI International Low Volatility Index Fund

Return for Risk

FSKLX vs. IDMO — Risk / Return Rank

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

FSKLX

FSKLX Risk / Return Rank: 77
FSKLX Sharpe Ratio Rank: 80
FSKLX Sortino Ratio Rank: 79
FSKLX Omega Ratio Rank: 74
FSKLX Calmar Ratio Rank: 82
FSKLX Martin Ratio Rank: 73

IDMO

IDMO Risk / Return Rank: 85
IDMO Sharpe Ratio Rank: 83
IDMO Sortino Ratio Rank: 84
IDMO Omega Ratio Rank: 85
IDMO Calmar Ratio Rank: 85
IDMO Martin Ratio Rank: 87

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.

FSKLX vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Low Volatility Index Fund (FSKLX) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	FSKLX	IDMO	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.66	-0.12
Sortino ratio Return per unit of downside risk	2.09	2.28	-0.19
Omega ratio Gain probability vs. loss probability	1.29	1.35	-0.06
Calmar ratio Return relative to maximum drawdown	2.09	2.66	-0.57
Martin ratio Return relative to average drawdown	7.33	10.75	-3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSKLX vs. IDMO - Sharpe Ratio Comparison

The current FSKLX Sharpe Ratio is 1.53, which is comparable to the IDMO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FSKLX and IDMO, 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

	FSKLX	IDMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.66	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.83	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.66	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.44	+0.03

Correlation

The correlation between FSKLX and IDMO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FSKLX vs. IDMO - Dividend Comparison

FSKLX's dividend yield for the trailing twelve months is around 2.47%, less than IDMO's 3.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSKLX Fidelity SAI International Low Volatility Index Fund	2.47%	2.59%	2.09%	2.31%	2.01%	2.42%	1.32%	6.06%	2.64%	1.69%	2.85%	1.10%
IDMO Invesco S&P International Developed Momentum ETF	3.73%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Drawdowns

FSKLX vs. IDMO - Drawdown Comparison

The maximum FSKLX drawdown since its inception was -27.26%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for FSKLX and IDMO.

Drawdown Indicators

	FSKLX	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-27.26%	-39.38%	+12.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-12.31%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	-24.99%	-27.07%	+2.08%
Max Drawdown (10Y) Largest decline over 10 years	-27.26%	-31.34%	+4.08%
Current Drawdown Current decline from peak	-5.92%	-6.22%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.14%	-9.85%	+4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.05%	-0.59%

Volatility

FSKLX vs. IDMO - Volatility Comparison

The current volatility for Fidelity SAI International Low Volatility Index Fund (FSKLX) is 4.55%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 9.12%. This indicates that FSKLX experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSKLX	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	9.12%	-4.57%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	12.67%	-5.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	19.21%	-6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.45%	17.67%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	17.90%	-6.00%