Correlation
The correlation between FWIFX and IDEV is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FWIFX vs. IDEV
Compare and contrast key facts about Fidelity Advisor Worldwide Fund Class I (FWIFX) and iShares Core MSCI International Developed Markets ETF (IDEV).
FWIFX is managed by Fidelity. It was launched on Feb 19, 2009. IDEV is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Investable Market Index. It was launched on Mar 21, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWIFX or IDEV.
Performance
FWIFX vs. IDEV - Performance Comparison
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Key characteristics
FWIFX:
0.20
IDEV:
0.88
FWIFX:
0.33
IDEV:
1.26
FWIFX:
1.04
IDEV:
1.17
FWIFX:
0.13
IDEV:
1.05
FWIFX:
0.41
IDEV:
3.34
FWIFX:
7.09%
IDEV:
4.23%
FWIFX:
22.22%
IDEV:
17.09%
FWIFX:
-33.71%
IDEV:
-34.77%
FWIFX:
-7.73%
IDEV:
-0.49%
Returns By Period
In the year-to-date period, FWIFX achieves a -1.62% return, which is significantly lower than IDEV's 16.67% return.
FWIFX
-1.62%
6.87%
-4.67%
4.28%
12.62%
12.51%
10.63%
IDEV
16.67%
5.42%
12.83%
13.84%
10.85%
11.59%
N/A
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FWIFX vs. IDEV - Expense Ratio Comparison
FWIFX has a 1.02% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Risk-Adjusted Performance
FWIFX vs. IDEV — Risk-Adjusted Performance Rank
FWIFX
IDEV
FWIFX vs. IDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Worldwide Fund Class I (FWIFX) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.
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Dividends
FWIFX vs. IDEV - Dividend Comparison
FWIFX's dividend yield for the trailing twelve months is around 15.04%, more than IDEV's 2.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWIFX Fidelity Advisor Worldwide Fund Class I | 15.04% | 14.80% | 0.93% | 6.23% | 12.86% | 8.16% | 4.93% | 9.72% | 6.94% | 1.17% | 3.88% | 11.21% |
IDEV iShares Core MSCI International Developed Markets ETF | 2.83% | 3.30% | 3.06% | 2.69% | 3.05% | 2.00% | 3.19% | 3.16% | 1.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
FWIFX vs. IDEV - Drawdown Comparison
The maximum FWIFX drawdown since its inception was -33.71%, roughly equal to the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for FWIFX and IDEV.
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Volatility
FWIFX vs. IDEV - Volatility Comparison
Fidelity Advisor Worldwide Fund Class I (FWIFX) has a higher volatility of 4.26% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 2.97%. This indicates that FWIFX's price experiences larger fluctuations and is considered to be riskier than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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