GLW vs. FIDI
GLW (Corning Incorporated) is a stock, while FIDI (Fidelity International High Dividend ETF) is Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index. Over the past 5 years, GLW returned 36.42%/yr vs 10.82%/yr for FIDI. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
GLW vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, GLW achieves a 105.36% return, which is significantly higher than FIDI's 10.87% return.
GLW
- 1D
- 1.50%
- 1M
- -13.09%
- YTD
- 105.36%
- 6M
- 103.59%
- 1Y
- 256.47%
- 3Y*
- 79.90%
- 5Y*
- 36.42%
- 10Y*
- 27.57%
FIDI
- 1D
- 0.10%
- 1M
- 0.74%
- YTD
- 10.87%
- 6M
- 12.10%
- 1Y
- 25.76%
- 3Y*
- 19.21%
- 5Y*
- 10.82%
- 10Y*
- —
GLW vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 105.36% | 87.76% | 60.64% | -1.23% | -11.56% | 5.92% | 27.57% | -1.02% | -11.17% |
FIDI Fidelity International High Dividend ETF | 10.87% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between GLW and FIDI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.52 |
The correlation between GLW and FIDI shifts across timeframes, from 0.41 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLW vs. FIDI — Risk / Return Rank
GLW
FIDI
GLW vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corning Incorporated (GLW) and Fidelity International High Dividend ETF (FIDI). 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.
| GLW | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.39 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 11.23 | 3.72 | +7.51 |
| Martin ratioReturn relative to average drawdown | 35.65 | 13.17 | +22.49 |
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Drawdowns
GLW vs. FIDI - Drawdown Comparison
The maximum GLW drawdown since its inception was -99.02%, which is greater than FIDI's maximum drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for GLW and FIDI.
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Drawdown Indicators
| GLW | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -46.34% | -52.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.01% | -6.96% | -16.05% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -12.09% | -15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -26.05% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -48.80% | — | — |
Current DrawdownCurrent decline from peak | -13.83% | -0.49% | -13.34% |
Average DrawdownAverage peak-to-trough decline | -50.50% | -9.76% | -40.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 1.97% | +5.26% |
Volatility
GLW vs. FIDI - Volatility Comparison
Corning Incorporated (GLW) has a higher volatility of 24.91% compared to Fidelity International High Dividend ETF (FIDI) at 3.19%. This indicates that GLW's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLW | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.91% | 3.19% | +21.72% |
Volatility (6M)Calculated over the trailing 6-month period | 50.66% | 9.23% | +41.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 11.81% | +44.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 14.87% | +20.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.86% | 18.71% | +15.15% |
Dividends
GLW vs. FIDI - Dividend Comparison
GLW's dividend yield for the trailing twelve months is around 0.63%, less than FIDI's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.05% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
GLW Corning Incorporated | 0.63% | 1.28% | 2.36% | 3.68% | 3.38% | 2.58% | 2.44% | 2.75% | 2.38% | 1.94% | 2.22% | 2.63% |
Frequently Asked Questions
GLW and FIDI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLW has higher volatility (24.91%) compared to FIDI (3.19%). In terms of maximum drawdown, GLW dropped -99.02% vs FIDI's -46.34%.
GLW currently has the higher Sharpe Ratio (4.58 vs 2.19), 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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