FWWFX vs. PRGSX

Last updated Jun 4, 2026

FWWFX (Fidelity Worldwide Fund) and PRGSX (T. Rowe Price Global Stock Fund) are both Global Equities funds. Over the past 10 years, FWWFX returned 15.08%/yr vs 16.95%/yr for PRGSX. Their correlation of 0.94 suggests significant overlap in exposure. FWWFX charges 1.00%/yr vs 0.82%/yr for PRGSX.

Performance

FWWFX vs. PRGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Worldwide Fund (FWWFX) and T. Rowe Price Global Stock Fund (PRGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWWFX achieves a 20.80% return, which is significantly lower than PRGSX's 23.78% return. Over the past 10 years, FWWFX has underperformed PRGSX with an annualized return of 15.08%, while PRGSX has yielded a comparatively higher 16.95% annualized return.

FWWFX

• 1D: 1.11%
• 1M: 8.00%
• YTD: 20.80%
• 6M: 21.02%
• 1Y: 41.13%
• 3Y*: 25.49%
• 5Y*: 12.63%
• 10Y*: 15.08%

PRGSX

• 1D: 1.03%
• 1M: 10.17%
• YTD: 23.78%
• 6M: 24.65%
• 1Y: 44.27%
• 3Y*: 24.53%
• 5Y*: 10.12%
• 10Y*: 16.95%

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

FWWFX vs. PRGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWWFX Fidelity Worldwide Fund	20.80%	16.16%	27.65%	24.96%	-25.74%	18.49%	30.91%	28.97%	-4.53%	28.72%
PRGSX T. Rowe Price Global Stock Fund	23.78%	21.42%	16.80%	25.70%	-28.01%	9.81%	52.29%	35.84%	-4.51%	32.64%

Correlation

The correlation between FWWFX and PRGSX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 1996	0.94

The correlation between FWWFX and PRGSX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

FWWFX vs. PRGSX — Risk / Return Rank

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

FWWFX

FWWFX Risk / Return Rank: 69
FWWFX Sharpe Ratio Rank: 68
FWWFX Sortino Ratio Rank: 57
FWWFX Omega Ratio Rank: 59
FWWFX Calmar Ratio Rank: 79
FWWFX Martin Ratio Rank: 82

PRGSX

PRGSX Risk / Return Rank: 69
PRGSX Sharpe Ratio Rank: 73
PRGSX Sortino Ratio Rank: 59
PRGSX Omega Ratio Rank: 61
PRGSX Calmar Ratio Rank: 77
PRGSX Martin Ratio Rank: 75

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. PRGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and T. Rowe Price Global Stock Fund (PRGSX). 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	PRGSX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.48	-0.06
Sortino ratio: Return per unit of downside risk	3.19	3.23	-0.04
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	3.58	3.48	+0.10
Martin ratio: Return relative to average drawdown	15.48	14.22	+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.

FWWFX vs. PRGSX - Sharpe Ratio Comparison

The current FWWFX Sharpe Ratio is 2.41, which is comparable to the PRGSX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FWWFX and PRGSX, 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	PRGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.48	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.52	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.86	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.53	+0.03

Drawdowns

FWWFX vs. PRGSX - Drawdown Comparison

The maximum FWWFX drawdown since its inception was -56.54%, smaller than the maximum PRGSX drawdown of -64.06%. Use the drawdown chart below to compare losses from any high point for FWWFX and PRGSX.

Drawdown Indicators

	FWWFX	PRGSX	Difference
Max Drawdown Largest peak-to-trough decline	-56.54%	-64.06%	+7.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-12.77%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	-21.13%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-38.11%	+4.39%
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	-38.11%	+4.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.43%	-13.48%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.11%	-0.40%

Volatility

FWWFX vs. PRGSX - Volatility Comparison

Fidelity Worldwide Fund (FWWFX) has a higher volatility of 6.02% compared to T. Rowe Price Global Stock Fund (PRGSX) at 5.50%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than PRGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWWFX	PRGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	5.50%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	13.72%	14.84%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	17.93%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	19.66%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	19.77%	-0.98%

FWWFX vs. PRGSX - Expense Ratio Comparison

FWWFX has a 1.00% expense ratio, which is higher than PRGSX's 0.82% expense ratio.

Dividends

FWWFX vs. PRGSX - Dividend Comparison

FWWFX's dividend yield for the trailing twelve months is around 9.55%, more than PRGSX's 7.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWWFX Fidelity Worldwide Fund	9.55%	11.54%	14.64%	0.94%	6.29%	12.76%	8.08%	4.87%	9.63%	6.24%	1.22%	3.38%
PRGSX T. Rowe Price Global Stock Fund	7.76%	9.60%	6.73%	0.27%	0.00%	13.67%	5.67%	2.21%	5.81%	0.03%	0.63%	0.33%

Frequently Asked Questions

Can I hold both FWWFX and PRGSX in my portfolio?

With a correlation of 0.93, FWWFX and PRGSX 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.

Which is riskier, FWWFX or PRGSX?

FWWFX has higher volatility (6.02%) compared to PRGSX (5.50%). In terms of maximum drawdown, FWWFX dropped -56.54% vs PRGSX's -64.06%.

Which has better risk-adjusted returns?

PRGSX currently has the higher Sharpe Ratio (2.48 vs 2.41), 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.