HDIVX vs. FSGEX

Last updated Jun 24, 2026

HDIVX (Janus Henderson Dividend & Income Builder Fund) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, HDIVX returned 10.95%/yr vs 10.60%/yr for FSGEX. Their correlation of 0.91 suggests significant overlap in exposure. HDIVX charges 0.95%/yr vs 0.01%/yr for FSGEX.

Performance

HDIVX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Dividend & Income Builder Fund (HDIVX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HDIVX having a 17.11% return and FSGEX slightly lower at 16.34%. Both investments have delivered pretty close results over the past 10 years, with HDIVX having a 10.95% annualized return and FSGEX not far behind at 10.60%.

HDIVX

• 1D: 0.14%
• 1M: 4.72%
• YTD: 17.11%
• 6M: 17.11%
• 1Y: 29.13%
• 3Y*: 20.83%
• 5Y*: 12.95%
• 10Y*: 10.95%

FSGEX

• 1D: 0.14%
• 1M: 3.65%
• YTD: 16.34%
• 6M: 16.40%
• 1Y: 34.02%
• 3Y*: 20.39%
• 5Y*: 9.39%
• 10Y*: 10.60%

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

HDIVX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDIVX Janus Henderson Dividend & Income Builder Fund	17.11%	29.24%	8.84%	18.06%	-8.70%	11.73%	5.20%	18.85%	-9.07%	17.78%
FSGEX Fidelity Series Global ex U.S. Index Fund	16.34%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	21.41%	-13.99%	27.47%

Correlation

The correlation between HDIVX and FSGEX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 2, 2012	0.91

The correlation between HDIVX and FSGEX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

HDIVX vs. FSGEX — Risk / Return Rank

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

HDIVX

HDIVX Risk / Return Rank: 56
HDIVX Sharpe Ratio Rank: 62
HDIVX Sortino Ratio Rank: 53
HDIVX Omega Ratio Rank: 63
HDIVX Calmar Ratio Rank: 54
HDIVX Martin Ratio Rank: 50

FSGEX

FSGEX Risk / Return Rank: 68
FSGEX Sharpe Ratio Rank: 71
FSGEX Sortino Ratio Rank: 63
FSGEX Omega Ratio Rank: 70
FSGEX Calmar Ratio Rank: 72
FSGEX Martin Ratio Rank: 65

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.

HDIVX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Dividend & Income Builder Fund (HDIVX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). 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.

	HDIVX	FSGEX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.26	-0.12
Sortino ratio: Return per unit of downside risk	2.82	3.03	-0.21
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	2.68	3.12	-0.44
Martin ratio: Return relative to average drawdown	9.66	12.03	-2.37

HDIVX vs. FSGEX - Sharpe Ratio Comparison

The current HDIVX Sharpe Ratio is 2.14, which is comparable to the FSGEX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of HDIVX and FSGEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HDIVX vs. FSGEX - Drawdown Comparison

The maximum HDIVX drawdown since its inception was -28.56%, smaller than the maximum FSGEX drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for HDIVX and FSGEX.

Drawdown Indicators

	HDIVX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-28.56%	-34.74%	+6.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-11.24%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.08%	-13.34%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.00%	-29.44%	+6.44%
Max Drawdown (10Y) Largest decline over 10 years	-28.56%	-34.74%	+6.18%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.77%	-8.42%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.91%	+0.22%

Volatility

HDIVX vs. FSGEX - Volatility Comparison

The current volatility for Janus Henderson Dividend & Income Builder Fund (HDIVX) is 5.56%, while Fidelity Series Global ex U.S. Index Fund (FSGEX) has a volatility of 6.41%. This indicates that HDIVX experiences smaller price fluctuations and is considered to be less risky than FSGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDIVX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	6.41%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	13.53%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	15.57%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	15.60%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.58%	16.26%	-2.68%

HDIVX vs. FSGEX - Expense Ratio Comparison

HDIVX has a 0.95% expense ratio, which is higher than FSGEX's 0.01% expense ratio.

Dividends

HDIVX vs. FSGEX - Dividend Comparison

HDIVX's dividend yield for the trailing twelve months is around 6.54%, more than FSGEX's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSGEX Fidelity Series Global ex U.S. Index Fund	2.60%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%
HDIVX Janus Henderson Dividend & Income Builder Fund	6.54%	7.60%	6.54%	3.11%	4.14%	4.59%	3.26%	3.20%	4.19%	2.76%	3.12%	3.02%

Frequently Asked Questions

Can I hold both HDIVX and FSGEX in my portfolio?

HDIVX and FSGEX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDIVX or FSGEX?

FSGEX has higher volatility (6.41%) compared to HDIVX (5.56%). In terms of maximum drawdown, HDIVX dropped -28.56% vs FSGEX's -34.74%.

Which has better risk-adjusted returns?

FSGEX currently has the higher Sharpe Ratio (2.26 vs 2.14), 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.