FTIEX vs. FTIHX

Last updated Jun 24, 2026

FTIEX (Fidelity Total International Equity Fund) and FTIHX (Fidelity Total International Index Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 10 years, FTIEX returned 11.55%/yr vs 10.24%/yr for FTIHX. With a 0.98 correlation, they move nearly in lockstep. FTIEX charges 1.05%/yr vs 0.06%/yr for FTIHX.

Performance

FTIEX vs. FTIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total International Equity Fund (FTIEX) and Fidelity Total International Index Fund (FTIHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FTIEX having a 15.51% return and FTIHX slightly higher at 15.70%. Over the past 10 years, FTIEX has outperformed FTIHX with an annualized return of 11.55%, while FTIHX has yielded a comparatively lower 10.24% annualized return.

FTIEX

• 1D: 0.00%
• 1M: 3.61%
• YTD: 15.51%
• 6M: 15.54%
• 1Y: 32.62%
• 3Y*: 20.75%
• 5Y*: 9.74%
• 10Y*: 11.55%

FTIHX

• 1D: 0.10%
• 1M: 3.19%
• YTD: 15.70%
• 6M: 15.70%
• 1Y: 33.01%
• 3Y*: 20.01%
• 5Y*: 9.03%
• 10Y*: 10.24%

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

FTIEX vs. FTIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTIEX Fidelity Total International Equity Fund	15.51%	32.46%	6.58%	16.31%	-17.03%	11.11%	17.91%	27.63%	-15.19%	28.22%
FTIHX Fidelity Total International Index Fund	15.70%	32.59%	4.98%	15.49%	-16.29%	8.45%	11.09%	21.50%	-14.40%	25.88%

Correlation

The correlation between FTIEX and FTIHX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016	0.98

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

Return for Risk

FTIEX vs. FTIHX — Risk / Return Rank

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

FTIEX

FTIEX Risk / Return Rank: 60
FTIEX Sharpe Ratio Rank: 61
FTIEX Sortino Ratio Rank: 56
FTIEX Omega Ratio Rank: 61
FTIEX Calmar Ratio Rank: 60
FTIEX Martin Ratio Rank: 60

FTIHX

FTIHX Risk / Return Rank: 66
FTIHX Sharpe Ratio Rank: 70
FTIHX Sortino Ratio Rank: 62
FTIHX Omega Ratio Rank: 68
FTIHX Calmar Ratio Rank: 68
FTIHX Martin Ratio Rank: 63

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.

FTIEX vs. FTIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total International Equity Fund (FTIEX) and Fidelity Total International Index Fund (FTIHX). 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.

	FTIEX	FTIHX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.24	-0.12
Sortino ratio: Return per unit of downside risk	2.89	3.01	-0.12
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	2.85	3.03	-0.17
Martin ratio: Return relative to average drawdown	11.26	11.71	-0.45

FTIEX vs. FTIHX - Sharpe Ratio Comparison

The current FTIEX Sharpe Ratio is 2.12, which is comparable to the FTIHX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FTIEX and FTIHX, 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

FTIEX vs. FTIHX - Drawdown Comparison

The maximum FTIEX drawdown since its inception was -61.85%, which is greater than FTIHX's maximum drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for FTIEX and FTIHX.

Drawdown Indicators

	FTIEX	FTIHX	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-35.75%	-26.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-11.25%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.18%	-13.15%	-1.03%
Max Drawdown (5Y) Largest decline over 5 years	-30.02%	-29.99%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-35.75%	+2.38%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.12%	-7.19%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.90%	+0.08%

Volatility

FTIEX vs. FTIHX - Volatility Comparison

Fidelity Total International Equity Fund (FTIEX) and Fidelity Total International Index Fund (FTIHX) have volatilities of 6.49% and 6.22%, 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.

Volatility by Period

	FTIEX	FTIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	6.22%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	13.22%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	15.25%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	15.46%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	16.09%	+0.79%

FTIEX vs. FTIHX - Expense Ratio Comparison

FTIEX has a 1.05% expense ratio, which is higher than FTIHX's 0.06% expense ratio.

Dividends

FTIEX vs. FTIHX - Dividend Comparison

FTIEX's dividend yield for the trailing twelve months is around 1.06%, less than FTIHX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTIEX Fidelity Total International Equity Fund	1.06%	1.23%	1.57%	1.33%	1.07%	8.67%	2.46%	1.66%	1.00%	2.43%	1.47%	1.25%
FTIHX Fidelity Total International Index Fund	2.41%	2.78%	2.88%	2.78%	2.51%	2.55%	1.62%	2.61%	2.21%	0.45%	0.47%	0.00%

Frequently Asked Questions

Can I hold both FTIEX and FTIHX in my portfolio?

With a correlation of 0.98, FTIEX and FTIHX 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, FTIEX or FTIHX?

FTIEX has higher volatility (6.49%) compared to FTIHX (6.22%). In terms of maximum drawdown, FTIEX dropped -61.85% vs FTIHX's -35.75%.

Which has better risk-adjusted returns?

FTIHX currently has the higher Sharpe Ratio (2.24 vs 2.12), 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.