PIGDX vs. FSGEX

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes International Growth Fund (PIGDX) and Fidelity Series Global ex U.S. Index Fund (FSGEX).

PIGDX is managed by Federated. It was launched on Feb 28, 2016. FSGEX is managed by Fidelity. It was launched on Sep 29, 2009.

Performance

PIGDX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes International Growth Fund (PIGDX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

PIGDX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIGDX Federated Hermes International Growth Fund	-2.31%	-72.44%	6.47%	8.80%	-29.43%	6.85%	43.18%	26.99%	-13.33%	41.55%
FSGEX Fidelity Series Global ex U.S. Index Fund	-1.20%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	21.41%	-13.99%	26.75%

Returns By Period

In the year-to-date period, PIGDX achieves a -2.31% return, which is significantly lower than FSGEX's -1.20% return.

PIGDX

• 1D: -0.26%
• 1M: -12.01%
• YTD: -2.31%
• 6M: -78.35%
• 1Y: -73.96%
• 3Y*: -33.71%
• 5Y*: -24.89%
• 10Y*: —

FSGEX

• 1D: -0.06%
• 1M: -11.07%
• YTD: -1.20%
• 6M: 3.57%
• 1Y: 23.80%
• 3Y*: 14.32%
• 5Y*: 6.98%
• 10Y*: 8.55%

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

PIGDX vs. FSGEX - Expense Ratio Comparison

PIGDX has a 0.84% expense ratio, which is higher than FSGEX's 0.01% expense ratio.

PIGDX

Federated Hermes International Growth Fund

FSGEX

Fidelity Series Global ex U.S. Index Fund

Return for Risk

PIGDX vs. FSGEX — Risk / Return Rank

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

PIGDX

PIGDX Risk / Return Rank: 0
PIGDX Sharpe Ratio Rank: 0
PIGDX Sortino Ratio Rank: 1
PIGDX Omega Ratio Rank: 0
PIGDX Calmar Ratio Rank: 0
PIGDX Martin Ratio Rank: 0

FSGEX

FSGEX Risk / Return Rank: 78
FSGEX Sharpe Ratio Rank: 79
FSGEX Sortino Ratio Rank: 78
FSGEX Omega Ratio Rank: 76
FSGEX Calmar Ratio Rank: 80
FSGEX Martin Ratio Rank: 77

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.

PIGDX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Growth Fund (PIGDX) 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.

	PIGDX	FSGEX	Difference
Sharpe ratio Return per unit of total volatility	-0.95	1.43	-2.37
Sortino ratio Return per unit of downside risk	-0.89	1.93	-2.82
Omega ratio Gain probability vs. loss probability	0.59	1.29	-0.70
Calmar ratio Return relative to maximum drawdown	-0.95	1.89	-2.85
Martin ratio Return relative to average drawdown	-2.00	7.46	-9.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIGDX vs. FSGEX - Sharpe Ratio Comparison

The current PIGDX Sharpe Ratio is -0.95, which is lower than the FSGEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PIGDX and FSGEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PIGDX	FSGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	1.43	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.65	0.46	-1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.36	-0.58

Correlation

The correlation between PIGDX and FSGEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PIGDX vs. FSGEX - Dividend Comparison

PIGDX has not paid dividends to shareholders, while FSGEX's dividend yield for the trailing twelve months is around 3.06%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIGDX Federated Hermes International Growth Fund	0.00%	0.00%	1.98%	1.24%	2.03%	3.98%	4.51%	4.64%	16.19%	1.26%	0.00%	0.00%
FSGEX Fidelity Series Global ex U.S. Index Fund	3.06%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%

Drawdowns

PIGDX vs. FSGEX - Drawdown Comparison

The maximum PIGDX drawdown since its inception was -79.94%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for PIGDX and FSGEX.

Drawdown Indicators

	PIGDX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	-34.74%	-45.20%
Max Drawdown (1Y) Largest decline over 1 year	-78.87%	-11.24%	-67.63%
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	-29.66%	-50.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.74%	—
Current Drawdown Current decline from peak	-79.94%	-11.24%	-68.70%
Average Drawdown Average peak-to-trough decline	-15.93%	-8.51%	-7.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.52%	2.86%	+34.66%

Volatility

PIGDX vs. FSGEX - Volatility Comparison

The current volatility for Federated Hermes International Growth Fund (PIGDX) is 6.75%, while Fidelity Series Global ex U.S. Index Fund (FSGEX) has a volatility of 7.21%. This indicates that PIGDX 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

	PIGDX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	7.21%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	146.62%	10.85%	+135.77%
Volatility (1Y) Calculated over the trailing 1-year period	82.24%	16.09%	+66.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.94%	15.14%	+23.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.10%	16.12%	+14.98%