FWWFX vs. FIQOX
FWWFX (Fidelity Worldwide Fund) and FIQOX (Fidelity Advisor Worldwide Fund Class Z) are both Global Equities funds from Fidelity. Over the past 5 years, FWWFX returned 12.87%/yr vs 16.04%/yr for FIQOX. With a 1.00 correlation, they move nearly in lockstep. FWWFX charges 0.77%/yr vs 0.90%/yr for FIQOX.
Performance
FWWFX vs. FIQOX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FWWFX having a 24.21% return and FIQOX slightly higher at 24.23%.
FWWFX
- 1D
- 0.36%
- 1M
- 6.09%
- YTD
- 24.21%
- 6M
- 23.16%
- 1Y
- 42.69%
- 3Y*
- 26.09%
- 5Y*
- 12.87%
- 10Y*
- 15.99%
FIQOX
- 1D
- 0.35%
- 1M
- 6.11%
- YTD
- 24.23%
- 6M
- 23.22%
- 1Y
- 42.77%
- 3Y*
- 31.96%
- 5Y*
- 16.04%
- 10Y*
- —
FWWFX vs. FIQOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FWWFX Fidelity Worldwide Fund | 24.21% | 16.16% | 27.65% | 24.96% | -25.74% | 18.49% | 30.91% | 28.97% | -10.31% |
FIQOX Fidelity Advisor Worldwide Fund Class Z | 24.23% | 16.27% | 46.05% | 25.10% | -25.64% | 18.58% | 31.08% | 29.13% | -10.40% |
Correlation
The correlation between FWWFX and FIQOX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 1.00 |
The correlation between FWWFX and FIQOX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FWWFX vs. FIQOX — Risk / Return Rank
FWWFX
FIQOX
FWWFX vs. FIQOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX). 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.
| FWWFX | FIQOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.75 | -0.01 |
| Martin ratioReturn relative to average drawdown | 15.86 | 15.90 | -0.04 |
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Drawdowns
FWWFX vs. FIQOX - Drawdown Comparison
The maximum FWWFX drawdown since its inception was -56.54%, which is greater than FIQOX's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for FWWFX and FIQOX.
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Drawdown Indicators
| FWWFX | FIQOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -33.64% | -22.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -11.74% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -22.59% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.72% | -33.64% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -7.81% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.76% | +0.01% |
Volatility
FWWFX vs. FIQOX - Volatility Comparison
Fidelity Worldwide Fund (FWWFX) and Fidelity Advisor Worldwide Fund Class Z (FIQOX) have volatilities of 7.76% and 7.74%, 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.
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Volatility by Period
| FWWFX | FIQOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 7.74% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 15.12% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 18.68% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 20.26% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 21.26% | -2.35% |
FWWFX vs. FIQOX - Expense Ratio Comparison
FWWFX has a 0.77% expense ratio, which is lower than FIQOX's 0.90% expense ratio.
Dividends
FWWFX vs. FIQOX - Dividend Comparison
FWWFX's dividend yield for the trailing twelve months is around 9.29%, which matches FIQOX's 9.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQOX Fidelity Advisor Worldwide Fund Class Z | 9.34% | 11.60% | 26.02% | 1.10% | 6.51% | 12.99% | 8.23% | 5.09% | 9.32% | 0.00% | 0.00% | 0.00% |
FWWFX Fidelity Worldwide Fund | 9.29% | 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
With a correlation of 1.00, FWWFX and FIQOX 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.
FWWFX has higher volatility (7.76%) compared to FIQOX (7.74%). In terms of maximum drawdown, FWWFX dropped -56.54% vs FIQOX's -33.64%.
FIQOX currently has the higher Sharpe Ratio (2.36 vs 2.36), 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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