FWWFX vs. FGILX
Compare and contrast key facts about Fidelity Worldwide Fund (FWWFX) and Fidelity Global Equity Income Fund (FGILX).
FWWFX is managed by Fidelity. It was launched on May 30, 1990. FGILX is managed by Fidelity. It was launched on May 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWWFX or FGILX.
Key characteristics
| FWWFX | FGILX | |
|---|---|---|
| YTD Return | 22.37% | 13.63% |
| 1Y Return | 31.61% | 20.20% |
| 3Y Return (Ann) | 4.86% | 6.81% |
| 5Y Return (Ann) | 14.00% | 11.56% |
| 10Y Return (Ann) | 11.32% | 9.12% |
| Sharpe Ratio | 1.83 | 2.03 |
| Daily Std Dev | 16.84% | 10.24% |
| Max Drawdown | -55.76% | -30.59% |
| Current Drawdown | -3.40% | -1.44% |
Correlation
The correlation between FWWFX and FGILX is 0.90, 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.
Performance
FWWFX vs. FGILX - Performance Comparison
In the year-to-date period, FWWFX achieves a 22.37% return, which is significantly higher than FGILX's 13.63% return. Over the past 10 years, FWWFX has outperformed FGILX with an annualized return of 11.32%, while FGILX has yielded a comparatively lower 9.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FWWFX vs. FGILX - Expense Ratio Comparison
FWWFX has a 1.00% expense ratio, which is lower than FGILX's 1.02% expense ratio.
Risk-Adjusted Performance
FWWFX vs. FGILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and Fidelity Global Equity Income Fund (FGILX). 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.
Dividends
FWWFX vs. FGILX - Dividend Comparison
FWWFX's dividend yield for the trailing twelve months is around 0.77%, less than FGILX's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWWFX Fidelity Worldwide Fund | 0.77% | 0.94% | 6.29% | 12.76% | 8.08% | 4.87% | 9.63% | 6.90% | 1.22% | 4.60% | 11.54% | 8.74% |
FGILX Fidelity Global Equity Income Fund | 1.06% | 1.25% | 1.21% | 11.94% | 3.17% | 1.51% | 6.23% | 2.41% | 1.27% | 3.06% | 10.44% | 3.95% |
Drawdowns
FWWFX vs. FGILX - Drawdown Comparison
The maximum FWWFX drawdown since its inception was -55.76%, which is greater than FGILX's maximum drawdown of -30.59%. Use the drawdown chart below to compare losses from any high point for FWWFX and FGILX. For additional features, visit the drawdowns tool.
Volatility
FWWFX vs. FGILX - Volatility Comparison
Fidelity Worldwide Fund (FWWFX) has a higher volatility of 5.55% compared to Fidelity Global Equity Income Fund (FGILX) at 3.38%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than FGILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.