IIGIX vs. FHLFX
IIGIX (Voya Multi-Manager International Equity Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, IIGIX returned 6.09%/yr vs 9.60%/yr for FHLFX. Their correlation of 0.93 means they have usually moved in the same direction. IIGIX charges 0.95%/yr vs 0.01%/yr for FHLFX.
Performance
IIGIX vs. FHLFX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with IIGIX having a 12.73% return and FHLFX slightly lower at 12.57%.
IIGIX
- 1D
- 2.28%
- 1M
- 1.88%
- 6M
- 7.43%
- YTD
- 12.73%
- 1Y
- 23.66%
- 3Y*
- 14.75%
- 5Y*
- 6.09%
- 10Y*
- 7.86%
- ALL TIME*
- 6.22%
FHLFX
- 1D
- 2.59%
- 1M
- 1.98%
- 6M
- 7.18%
- YTD
- 12.57%
- 1Y
- 26.19%
- 3Y*
- 16.52%
- 5Y*
- 9.60%
- 10Y*
- —
- ALL TIME*
- 9.44%
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 |
IIGIX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIGIX Voya Multi-Manager International Equity Fund | 12.73% | 27.55% | 4.31% | 14.65% | -21.82% | 6.91% | 15.46% | 23.66% | -13.91% |
FHLFX Fidelity Series International Index Fund | 12.57% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
Correlation
The correlation between IIGIX and FHLFX 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. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.93 |
The correlation between IIGIX and FHLFX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IIGIX vs. FHLFX — Risk / Return Rank
IIGIX
FHLFX
IIGIX vs. FHLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager International Equity Fund (IIGIX) and Fidelity Series International Index Fund (FHLFX). 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.
| IIGIX | FHLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.19 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.43 | 8.31 | +0.11 |
Loading charts...
Drawdowns
IIGIX vs. FHLFX - Drawdown Comparison
The maximum IIGIX drawdown since its inception was -37.67%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for IIGIX and FHLFX.
Loading charts...
Drawdown Indicators
| IIGIX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -33.58% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -11.37% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -13.62% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -35.88% | -29.36% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -6.01% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.00% | -0.15% |
Volatility
IIGIX vs. FHLFX - Volatility Comparison
Voya Multi-Manager International Equity Fund (IIGIX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 4.42% and 4.58%, 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.
Loading charts...
Volatility by Period
| IIGIX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.58% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 13.23% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 15.54% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.11% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 17.62% | -0.69% |
IIGIX vs. FHLFX - Expense Ratio Comparison
IIGIX has a 0.95% expense ratio, which is higher than FHLFX's 0.01% expense ratio.
Dividends
IIGIX vs. FHLFX - Dividend Comparison
IIGIX's dividend yield for the trailing twelve months is around 11.13%, more than FHLFX's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 3.07% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
IIGIX Voya Multi-Manager International Equity Fund | 11.13% | 12.54% | 1.82% | 1.78% | 1.21% | 22.96% | 4.10% | 1.95% | 5.88% | 2.26% | 1.84% | 2.30% |
Frequently Asked Questions
With a correlation of 0.90, IIGIX and FHLFX 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.
FHLFX has higher volatility (4.58%) compared to IIGIX (4.42%). In terms of maximum drawdown, IIGIX dropped -37.67% vs FHLFX's -33.58%.
IIGIX currently has the higher Sharpe Ratio (1.66 vs 1.61), 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.
Find the right allocation for IIGIX and FHLFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer