FWWFX vs. VGPMX

Last updated Jun 3, 2026

FWWFX (Fidelity Worldwide Fund) and VGPMX (Vanguard Global Capital Cycles Fund) are both Global Equities funds. Over the past 10 years, FWWFX returned 14.95%/yr vs 11.38%/yr for VGPMX. At a 0.48 correlation, their price movements are largely independent. FWWFX charges 1.00%/yr vs 0.36%/yr for VGPMX.

Performance

FWWFX vs. VGPMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Worldwide Fund (FWWFX) and Vanguard Global Capital Cycles Fund (VGPMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FWWFX having a 19.48% return and VGPMX slightly higher at 19.56%. Over the past 10 years, FWWFX has outperformed VGPMX with an annualized return of 14.95%, while VGPMX has yielded a comparatively lower 11.38% annualized 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%

VGPMX

• 1D: 1.30%
• 1M: 5.05%
• YTD: 19.56%
• 6M: 25.36%
• 1Y: 64.67%
• 3Y*: 30.96%
• 5Y*: 19.96%
• 10Y*: 11.38%

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

FWWFX vs. VGPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWWFX Fidelity Worldwide Fund	19.48%	16.16%	27.65%	24.96%	-25.74%	18.49%	30.91%	28.97%	-4.53%	28.72%
VGPMX Vanguard Global Capital Cycles Fund	19.56%	65.96%	5.78%	10.06%	7.34%	19.50%	17.21%	20.67%	-32.26%	13.75%

Correlation

The correlation between FWWFX and VGPMX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 31, 1990	0.48

Over the past year, FWWFX and VGPMX have become more correlated (0.70) than their long-term average of 0.48, meaning their price movements have been converging.

Return for Risk

FWWFX vs. VGPMX — 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

VGPMX

VGPMX Risk / Return Rank: 94
VGPMX Sharpe Ratio Rank: 98
VGPMX Sortino Ratio Rank: 94
VGPMX Omega Ratio Rank: 92
VGPMX Calmar Ratio Rank: 93
VGPMX Martin Ratio Rank: 95

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. VGPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and Vanguard Global Capital Cycles Fund (VGPMX). 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	VGPMX	Difference
Sharpe ratio Return per unit of total volatility	2.37	4.04	-1.66
Sortino ratio Return per unit of downside risk	3.15	4.84	-1.69
Omega ratio Gain probability vs. loss probability	1.42	1.70	-0.27
Calmar ratio Return relative to maximum drawdown	3.50	5.22	-1.72
Martin ratio Return relative to average drawdown	15.18	21.80	-6.62
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. VGPMX - Sharpe Ratio Comparison

The current FWWFX Sharpe Ratio is 2.37, which is lower than the VGPMX Sharpe Ratio of 4.04. The chart below compares the historical Sharpe Ratios of FWWFX and VGPMX, 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	VGPMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	4.04	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	1.16	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.55	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.26	+0.29

Drawdowns

FWWFX vs. VGPMX - Drawdown Comparison

The maximum FWWFX drawdown since its inception was -56.54%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for FWWFX and VGPMX.

Drawdown Indicators

	FWWFX	VGPMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.54%	-78.85%	+22.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-12.80%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	-14.63%	-7.98%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-22.71%	-11.01%
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	-54.59%	+20.87%
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-9.43%	-34.56%	+25.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.06%	-0.35%

Volatility

FWWFX vs. VGPMX - Volatility Comparison

Fidelity Worldwide Fund (FWWFX) and Vanguard Global Capital Cycles Fund (VGPMX) have volatilities of 5.97% and 5.91%, 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	VGPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	5.91%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	13.81%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	16.76%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	17.37%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	21.04%	-2.25%

FWWFX vs. VGPMX - Expense Ratio Comparison

FWWFX has a 1.00% expense ratio, which is higher than VGPMX's 0.36% expense ratio.

Dividends

FWWFX vs. VGPMX - Dividend Comparison

FWWFX's dividend yield for the trailing twelve months is around 9.66%, more than VGPMX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VGPMX Vanguard Global Capital Cycles Fund	3.27%	2.59%	2.68%	3.22%	3.27%	3.26%	2.03%	2.39%	3.02%	0.02%	1.72%	2.32%

Frequently Asked Questions

Can I hold both FWWFX and VGPMX in my portfolio?

FWWFX and VGPMX have a correlation of 0.70, 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 VGPMX?

FWWFX has higher volatility (5.97%) compared to VGPMX (5.91%). In terms of maximum drawdown, FWWFX dropped -56.54% vs VGPMX's -78.85%.

Which has better risk-adjusted returns?

VGPMX currently has the higher Sharpe Ratio (4.04 vs 2.37), 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.