FWWFX vs. UCEQX
FWWFX (Fidelity Worldwide Fund) and UCEQX (USAA Cornerstone Equity Fund) are both Global Equities funds. Over the past 10 years, FWWFX returned 14.42%/yr vs 11.39%/yr for UCEQX. Their correlation of 0.91 means they have usually moved in the same direction. FWWFX charges 0.77%/yr vs 0.09%/yr for UCEQX.
Performance
FWWFX vs. UCEQX - Performance Comparison
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Returns By Period
In the year-to-date period, FWWFX achieves a 15.37% return, which is significantly higher than UCEQX's 14.40% return. Over the past 10 years, FWWFX has outperformed UCEQX with an annualized return of 14.42%, while UCEQX has yielded a comparatively lower 11.39% annualized return.
FWWFX
- 1D
- 0.62%
- 1M
- -3.50%
- 6M
- 10.36%
- YTD
- 15.37%
- 1Y
- 25.33%
- 3Y*
- 21.10%
- 5Y*
- 10.87%
- 10Y*
- 14.42%
- ALL TIME*
- 9.33%
UCEQX
- 1D
- 0.21%
- 1M
- 0.99%
- 6M
- 10.27%
- YTD
- 14.40%
- 1Y
- 27.50%
- 3Y*
- 19.34%
- 5Y*
- 11.07%
- 10Y*
- 11.39%
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FWWFX vs. UCEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWWFX Fidelity Worldwide Fund | 15.37% | 16.16% | 27.65% | 24.96% | -25.74% | 18.49% | 30.91% | 28.97% | -4.53% | 28.72% |
UCEQX USAA Cornerstone Equity Fund | 14.40% | 23.71% | 14.50% | 19.36% | -16.25% | 19.68% | 10.76% | 22.49% | -12.06% | 22.59% |
Correlation
The correlation between FWWFX and UCEQX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012 | 0.91 |
The correlation between FWWFX and UCEQX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
FWWFX vs. UCEQX — Risk / Return Rank
FWWFX
UCEQX
FWWFX vs. UCEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and USAA Cornerstone Equity Fund (UCEQX). 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 | UCEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.94 | -0.99 |
| Martin ratioReturn relative to average drawdown | 7.01 | 12.65 | -5.64 |
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Drawdowns
FWWFX vs. UCEQX - Drawdown Comparison
The maximum FWWFX drawdown since its inception was -56.54%, which is greater than UCEQX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for FWWFX and UCEQX.
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Drawdown Indicators
| FWWFX | UCEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.54% | -35.33% | -21.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -8.96% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -15.64% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -33.72% | -25.24% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -35.33% | +1.61% |
Current DrawdownCurrent decline from peak | -7.12% | -0.21% | -6.91% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -4.83% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.08% | +1.17% |
Volatility
FWWFX vs. UCEQX - Volatility Comparison
Fidelity Worldwide Fund (FWWFX) has a higher volatility of 5.52% compared to USAA Cornerstone Equity Fund (UCEQX) at 3.35%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than UCEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWWFX | UCEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 3.35% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 11.02% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 13.31% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 15.38% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 16.46% | +2.45% |
FWWFX vs. UCEQX - Expense Ratio Comparison
FWWFX has a 0.77% expense ratio, which is higher than UCEQX's 0.09% expense ratio.
Dividends
FWWFX vs. UCEQX - Dividend Comparison
FWWFX's dividend yield for the trailing twelve months is around 10.00%, more than UCEQX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWWFX Fidelity Worldwide Fund | 10.00% | 11.54% | 14.64% | 0.94% | 6.29% | 12.76% | 8.08% | 4.87% | 9.63% | 6.24% | 1.22% | 3.38% |
UCEQX USAA Cornerstone Equity Fund | 4.44% | 5.08% | 2.56% | 5.10% | 6.80% | 4.61% | 8.25% | 4.79% | 6.73% | 1.91% | 3.16% | 3.63% |
Frequently Asked Questions
With a correlation of 0.90, FWWFX and UCEQX 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 (5.52%) compared to UCEQX (3.35%). In terms of maximum drawdown, FWWFX dropped -56.54% vs UCEQX's -35.33%.
UCEQX currently has the higher Sharpe Ratio (1.98 vs 1.15), 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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