MAIIX vs. FHLFX
MAIIX (iShares MSCI EAFE International Index Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, MAIIX returned 8.87%/yr vs 8.85%/yr for FHLFX. With a 0.99 correlation, they move nearly in lockstep. MAIIX charges 0.09%/yr vs 0.01%/yr for FHLFX.
Performance
MAIIX vs. FHLFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MAIIX having a 9.66% return and FHLFX slightly lower at 9.53%.
MAIIX
- 1D
- 0.38%
- 1M
- 4.17%
- YTD
- 9.66%
- 6M
- 12.02%
- 1Y
- 22.42%
- 3Y*
- 17.16%
- 5Y*
- 8.87%
- 10Y*
- 9.36%
FHLFX
- 1D
- 0.42%
- 1M
- 4.09%
- YTD
- 9.53%
- 6M
- 12.09%
- 1Y
- 22.51%
- 3Y*
- 17.18%
- 5Y*
- 8.85%
- 10Y*
- —
MAIIX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 9.66% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -10.83% |
FHLFX Fidelity Series International Index Fund | 9.53% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
Correlation
The correlation between MAIIX and FHLFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.99 |
The correlation between MAIIX and FHLFX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
MAIIX vs. FHLFX — Risk / Return Rank
MAIIX
FHLFX
MAIIX vs. FHLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) 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.
| MAIIX | FHLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.91 | -0.01 |
| Martin ratioReturn relative to average drawdown | 7.14 | 7.17 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAIIX | FHLFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.47 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.56 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.53 | -0.21 |
Drawdowns
MAIIX vs. FHLFX - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for MAIIX and FHLFX.
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Drawdown Indicators
| MAIIX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -33.58% | -27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -11.37% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.62% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -29.36% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.42% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -6.11% | -9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.03% | -0.01% |
Volatility
MAIIX vs. FHLFX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 4.72% and 4.64%, 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.
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Volatility by Period
| MAIIX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.64% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 12.08% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 14.83% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 15.98% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 17.64% | -0.99% |
MAIIX vs. FHLFX - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is higher than FHLFX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MAIIX vs. FHLFX - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.38%, more than FHLFX's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 3.16% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
MAIIX iShares MSCI EAFE International Index Fund | 3.38% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
Frequently Asked Questions
With a correlation of 1.00, MAIIX 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.
MAIIX has higher volatility (4.72%) compared to FHLFX (4.64%). In terms of maximum drawdown, MAIIX dropped -61.05% vs FHLFX's -33.58%.
FHLFX currently has the higher Sharpe Ratio (1.47 vs 1.43), 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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