MMIUX vs. FSGEX

Last updated Jun 4, 2026

MMIUX (MassMutual Select T. Rowe Price International Equity Fund) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.92 suggests significant overlap in exposure. MMIUX charges 0.00%/yr vs 0.01%/yr for FSGEX.

Performance

MMIUX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Select T. Rowe Price International Equity Fund (MMIUX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MMIUX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSGEX

• 1D: 0.76%
• 1M: 6.16%
• YTD: 15.85%
• 6M: 18.73%
• 1Y: 33.95%
• 3Y*: 20.16%
• 5Y*: 9.06%
• 10Y*: 9.96%

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

MMIUX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MMIUX MassMutual Select T. Rowe Price International Equity Fund	0.00%	21.71%	5.02%	15.96%	-13.89%	6.55%	10.17%	13.51%
FSGEX Fidelity Series Global ex U.S. Index Fund	15.85%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	11.08%

Correlation

The correlation between MMIUX and FSGEX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 21, 2019	0.92

Over the past year, the correlation between MMIUX and FSGEX has dropped to 0.41 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

MMIUX vs. FSGEX — Risk / Return Rank

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

FSGEX

FSGEX Risk / Return Rank: 59
FSGEX Sharpe Ratio Rank: 62
FSGEX Sortino Ratio Rank: 55
FSGEX Omega Ratio Rank: 59
FSGEX Calmar Ratio Rank: 60
FSGEX Martin Ratio Rank: 58

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.

MMIUX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Select T. Rowe Price International Equity Fund (MMIUX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MMIUX	FSGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Drawdowns

Drawdown Indicators

	MMIUX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.74%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.74%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-8.45%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.86%	—

Volatility

Volatility by Period

	MMIUX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.56%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.22%	—

MMIUX vs. FSGEX - Expense Ratio Comparison

MMIUX has a 0.00% expense ratio, which is lower than FSGEX's 0.01% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MMIUX vs. FSGEX - Dividend Comparison

MMIUX has not paid dividends to shareholders, while FSGEX's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSGEX Fidelity Series Global ex U.S. Index Fund	2.61%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%
MMIUX MassMutual Select T. Rowe Price International Equity Fund	0.00%	0.00%	9.06%	2.86%	3.03%	4.22%	1.56%	2.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MMIUX and FSGEX in my portfolio?

MMIUX and FSGEX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.