FTEIX vs. FSGEX

Last updated Aug 1, 2026

FTEIX (Fidelity Advisor Total International Equity Fund Class I) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FTEIX returned 10.62%/yr vs 9.52%/yr for FSGEX. Their 0.98 correlation means they have historically moved very closely together. FTEIX charges 1.05%/yr vs 0.01%/yr for FSGEX.

Performance

FTEIX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Total International Equity Fund Class I (FTEIX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTEIX achieves a 12.23% return, which is significantly lower than FSGEX's 13.66% return. Over the past 10 years, FTEIX has outperformed FSGEX with an annualized return of 10.62%, while FSGEX has yielded a comparatively lower 9.52% annualized return.

FTEIX

• 1D: 3.02%
• 1M: -0.42%
• 6M: 5.56%
• YTD: 12.23%
• 1Y: 25.85%
• 3Y*: 17.49%
• 5Y*: 9.27%
• 10Y*: 10.62%
• ALL TIME*: 5.11%

FSGEX

• 1D: 2.87%
• 1M: 0.34%
• 6M: 7.66%
• YTD: 13.66%
• 1Y: 29.13%
• 3Y*: 17.36%
• 5Y*: 9.21%
• 10Y*: 9.52%
• ALL TIME*: 6.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSGEX Fidelity Series Global ex U.S. Index Fund	$0.00	$0.00	$0.00
FTEIX Fidelity Advisor Total International Equity Fund Class I	$0.00	$0.00	$0.00

FTEIX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEIX Fidelity Advisor Total International Equity Fund Class I	12.23%	32.53%	6.45%	16.27%	-17.02%	11.06%	17.99%	27.51%	-15.07%	30.31%
FSGEX Fidelity Series Global ex U.S. Index Fund	13.66%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	21.41%	-13.99%	27.47%

Correlation

The correlation between FTEIX and FSGEX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.98
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.98

The correlation between FTEIX and FSGEX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

FTEIX vs. FSGEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTEIX

FTEIX Risk / Return Rank: 57
FTEIX Sharpe Ratio Rank: 56
FTEIX Sortino Ratio Rank: 54
FTEIX Omega Ratio Rank: 56
FTEIX Calmar Ratio Rank: 60
FTEIX Martin Ratio Rank: 58

FSGEX

FSGEX Risk / Return Rank: 74
FSGEX Sharpe Ratio Rank: 74
FSGEX Sortino Ratio Rank: 70
FSGEX Omega Ratio Rank: 73
FSGEX Calmar Ratio Rank: 77
FSGEX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTEIX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total International Equity Fund Class I (FTEIX) 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.

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.

	FTEIX	FSGEX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.69	-0.24
Sortino ratio: Return per unit of downside risk	2.05	2.33	-0.27
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.08	2.47	-0.39
Martin ratio: Return relative to average drawdown	7.74	9.15	-1.41

FTEIX vs. FSGEX - Sharpe Ratio Comparison

The current FTEIX Sharpe Ratio is 1.45, which is comparable to the FSGEX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FTEIX and FSGEX, 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

FTEIX vs. FSGEX - Drawdown Comparison

The maximum FTEIX drawdown since its inception was -61.85%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for FTEIX and FSGEX.

Drawdown Indicators

	FTEIX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-34.74%	-27.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-11.24%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.09%	-13.34%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.04%	-29.44%	-0.60%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-34.74%	+1.37%
Current Drawdown Current decline from peak	-2.79%	-2.30%	-0.49%
Average Drawdown Average peak-to-trough decline	-13.15%	-8.39%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.03%	+0.12%

Volatility

FTEIX vs. FSGEX - Volatility Comparison

Fidelity Advisor Total International Equity Fund Class I (FTEIX) has a higher volatility of 5.75% compared to Fidelity Series Global ex U.S. Index Fund (FSGEX) at 5.45%. This indicates that FTEIX's price experiences larger fluctuations and is considered to be riskier than FSGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEIX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	5.45%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	14.99%	14.55%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	16.43%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	15.74%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	16.12%	+0.65%

FTEIX vs. FSGEX - Expense Ratio Comparison

FTEIX has a 1.05% expense ratio, which is higher than FSGEX's 0.01% expense ratio.

Dividends

FTEIX vs. FSGEX - Dividend Comparison

FTEIX's dividend yield for the trailing twelve months is around 0.80%, less than FSGEX's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSGEX Fidelity Series Global ex U.S. Index Fund	2.66%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%
FTEIX Fidelity Advisor Total International Equity Fund Class I	0.80%	0.90%	1.43%	1.33%	1.07%	8.71%	2.46%	1.72%	0.85%	4.29%	1.33%	1.15%

Frequently Asked Questions

Can I hold both FTEIX and FSGEX in my portfolio?

With a correlation of 0.98, FTEIX and FSGEX 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, FTEIX or FSGEX?

FTEIX has higher volatility (5.75%) compared to FSGEX (5.45%). In terms of maximum drawdown, FTEIX dropped -61.85% vs FSGEX's -34.74%.

Which has better risk-adjusted returns?

FSGEX currently has the higher Sharpe Ratio (1.69 vs 1.45), 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.