FWWFX vs. CGIC

Last updated Jun 3, 2026

FWWFX (Fidelity Worldwide Fund) and CGIC (Capital Group International Core Equity ETF) are both funds - FWWFX is a Global Equities fund managed by Fidelity, while CGIC is a Foreign Large Cap Equities fund actively managed by Capital Group. Over the past year, FWWFX returned 40.23% vs 31.77% for CGIC. A 0.76 correlation means they provide meaningful diversification when combined. FWWFX charges 1.00%/yr vs 0.54%/yr for CGIC.

Performance

FWWFX vs. CGIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Worldwide Fund (FWWFX) and Capital Group International Core Equity ETF (CGIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWWFX achieves a 19.48% return, which is significantly higher than CGIC's 14.03% return.

FWWFX

• 1D: 0.18%
• 1M: 6.48%
• YTD: 19.48%
• 6M: 19.57%
• 1Y: 40.23%
• 3Y*: 25.03%
• 5Y*: 12.23%
• 10Y*: 14.95%

CGIC

• 1D: 0.82%
• 1M: 5.02%
• YTD: 14.03%
• 6M: 17.30%
• 1Y: 31.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FWWFX vs. CGIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FWWFX Fidelity Worldwide Fund	19.48%	16.16%	4.31%
CGIC Capital Group International Core Equity ETF	14.03%	37.53%	-2.81%

Correlation

The correlation between FWWFX and CGIC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.76

The correlation between FWWFX and CGIC has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

FWWFX vs. CGIC — Risk / Return Rank

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

FWWFX

FWWFX Risk / Return Rank: 67
FWWFX Sharpe Ratio Rank: 65
FWWFX Sortino Ratio Rank: 56
FWWFX Omega Ratio Rank: 57
FWWFX Calmar Ratio Rank: 77
FWWFX Martin Ratio Rank: 81

CGIC

CGIC Risk / Return Rank: 61
CGIC Sharpe Ratio Rank: 63
CGIC Sortino Ratio Rank: 62
CGIC Omega Ratio Rank: 63
CGIC Calmar Ratio Rank: 58
CGIC Martin Ratio Rank: 62

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.

FWWFX vs. CGIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and Capital Group International Core Equity ETF (CGIC). 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.

	FWWFX	CGIC	Difference
Sharpe ratio Return per unit of total volatility	2.37	2.13	+0.24
Sortino ratio Return per unit of downside risk	3.15	2.92	+0.22
Omega ratio Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio Return relative to maximum drawdown	3.50	2.92	+0.57
Martin ratio Return relative to average drawdown	15.18	11.29	+3.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWWFX vs. CGIC - Sharpe Ratio Comparison

The current FWWFX Sharpe Ratio is 2.37, which is comparable to the CGIC Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FWWFX and CGIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FWWFX	CGIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.13	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.53	-0.97

Drawdowns

FWWFX vs. CGIC - Drawdown Comparison

The maximum FWWFX drawdown since its inception was -56.54%, which is greater than CGIC's maximum drawdown of -13.10%. Use the drawdown chart below to compare losses from any high point for FWWFX and CGIC.

Drawdown Indicators

	FWWFX	CGIC	Difference
Max Drawdown Largest peak-to-trough decline	-56.54%	-13.10%	-43.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.30%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	—	—
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-9.43%	-2.54%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.93%	-0.22%

Volatility

FWWFX vs. CGIC - Volatility Comparison

Fidelity Worldwide Fund (FWWFX) and Capital Group International Core Equity ETF (CGIC) have volatilities of 5.97% and 5.85%, 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

	FWWFX	CGIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	5.85%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	12.77%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	14.99%	+2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	16.13%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	16.13%	+2.66%

FWWFX vs. CGIC - Expense Ratio Comparison

FWWFX has a 1.00% expense ratio, which is higher than CGIC's 0.54% expense ratio.

Dividends

FWWFX vs. CGIC - Dividend Comparison

FWWFX's dividend yield for the trailing twelve months is around 9.66%, more than CGIC's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGIC Capital Group International Core Equity ETF	1.31%	1.60%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FWWFX Fidelity Worldwide Fund	9.66%	11.54%	14.64%	0.94%	6.29%	12.76%	8.08%	4.87%	9.63%	6.24%	1.22%	3.38%

Frequently Asked Questions

Can I hold both FWWFX and CGIC in my portfolio?

FWWFX and CGIC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FWWFX or CGIC?

FWWFX has higher volatility (5.97%) compared to CGIC (5.85%). In terms of maximum drawdown, FWWFX dropped -56.54% vs CGIC's -13.10%.

Which has better risk-adjusted returns?

FWWFX currently has the higher Sharpe Ratio (2.37 vs 2.13), 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.