FUSIX vs. IEFA
FUSIX (Strategic Advisers Fidelity International Fund) and IEFA (iShares Core MSCI EAFE ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, FUSIX returned 9.67%/yr vs 9.22%/yr for IEFA. Their correlation of 0.94 suggests significant overlap in exposure. FUSIX charges 0.54%/yr vs 0.07%/yr for IEFA.
Performance
FUSIX vs. IEFA - Performance Comparison
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Returns By Period
In the year-to-date period, FUSIX achieves a 9.66% return, which is significantly higher than IEFA's 8.85% return. Both investments have delivered pretty close results over the past 10 years, with FUSIX having a 9.67% annualized return and IEFA not far behind at 9.22%.
FUSIX
- 1D
- 0.56%
- 1M
- 3.98%
- YTD
- 9.66%
- 6M
- 12.49%
- 1Y
- 21.85%
- 3Y*
- 17.68%
- 5Y*
- 8.62%
- 10Y*
- 9.67%
IEFA
- 1D
- -0.78%
- 1M
- 3.43%
- YTD
- 8.85%
- 6M
- 11.45%
- 1Y
- 22.00%
- 3Y*
- 16.72%
- 5Y*
- 8.07%
- 10Y*
- 9.22%
FUSIX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUSIX Strategic Advisers Fidelity International Fund | 9.66% | 31.20% | 5.62% | 18.15% | -17.74% | 12.47% | 13.24% | 25.60% | -14.52% | 27.73% |
IEFA iShares Core MSCI EAFE ETF | 8.85% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Correlation
The correlation between FUSIX and IEFA is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.94 |
The correlation between FUSIX and IEFA shifts across timeframes, from 0.79 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FUSIX vs. IEFA — Risk / Return Rank
FUSIX
IEFA
FUSIX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity International Fund (FUSIX) and iShares Core MSCI EAFE ETF (IEFA). 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.
| FUSIX | IEFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.92 | +0.42 |
| Martin ratioReturn relative to average drawdown | 8.60 | 7.34 | +1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUSIX | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.48 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.49 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.51 | -0.25 |
Drawdowns
FUSIX vs. IEFA - Drawdown Comparison
The maximum FUSIX drawdown since its inception was -64.42%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for FUSIX and IEFA.
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Drawdown Indicators
| FUSIX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.42% | -34.78% | -29.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -11.50% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -13.76% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -30.41% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.96% | -34.78% | +2.82% |
Current DrawdownCurrent decline from peak | -0.12% | -1.20% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -6.69% | -9.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.01% | -0.16% |
Volatility
FUSIX vs. IEFA - Volatility Comparison
Strategic Advisers Fidelity International Fund (FUSIX) has a higher volatility of 5.33% compared to iShares Core MSCI EAFE ETF (IEFA) at 4.86%. This indicates that FUSIX's price experiences larger fluctuations and is considered to be riskier than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSIX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 4.86% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 12.42% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 14.96% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 16.51% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 17.30% | -1.05% |
FUSIX vs. IEFA - Expense Ratio Comparison
FUSIX has a 0.54% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Dividends
FUSIX vs. IEFA - Dividend Comparison
FUSIX's dividend yield for the trailing twelve months is around 4.54%, more than IEFA's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUSIX Strategic Advisers Fidelity International Fund | 4.54% | 3.02% | 3.40% | 2.43% | 4.71% | 5.83% | 1.25% | 3.05% | 3.78% | 2.03% | 1.78% | 1.46% |
IEFA iShares Core MSCI EAFE ETF | 3.26% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Frequently Asked Questions
FUSIX and IEFA have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUSIX has higher volatility (5.33%) compared to IEFA (4.86%). In terms of maximum drawdown, FUSIX dropped -64.42% vs IEFA's -34.78%.
FUSIX currently has the higher Sharpe Ratio (1.64 vs 1.48), 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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