PIGDX vs. FSGEX
PIGDX (Federated Hermes International Growth Fund) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, PIGDX returned -24.69%/yr vs 9.21%/yr for FSGEX. Their correlation of 0.88 means they have usually moved in the same direction. PIGDX charges 0.84%/yr vs 0.01%/yr for FSGEX.
Performance
PIGDX vs. FSGEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIGDX achieves a 10.51% return, which is significantly lower than FSGEX's 13.66% return.
PIGDX
- 1D
- 3.11%
- 1M
- -4.65%
- 6M
- 0.23%
- YTD
- 10.51%
- 1Y
- -73.43%
- 3Y*
- -31.63%
- 5Y*
- -24.69%
- 10Y*
- —
- ALL TIME*
- -5.31%
FSGEX
- 1D
- 2.87%
- 1M
- 0.34%
- 6M
- 7.66%
- YTD
- 13.66%
- 1Y
- 29.13%
- 3Y*
- 17.36%
- 5Y*
- 9.21%
- 10Y*
- 9.52%
- ALL TIME*
- 6.76%
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 |
PIGDX vs. FSGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIGDX Federated Hermes International Growth Fund | 10.51% | -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 | 13.66% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
Correlation
The correlation between PIGDX and FSGEX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.88 |
The correlation between PIGDX and FSGEX has been stable across timeframes, ranging from 0.80 to 0.88 - 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
PIGDX vs. FSGEX — Risk / Return Rank
PIGDX
FSGEX
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.
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.
| PIGDX | FSGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 1.31 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.47 | -3.44 |
| Martin ratioReturn relative to average drawdown | -1.28 | 9.15 | -10.42 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| PIGDX | FSGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -78.87% | -13.34% | -65.53% |
Max Drawdown (5Y)Largest decline over 5 years | -79.94% | -29.44% | -50.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.74% | — |
Current DrawdownCurrent decline from peak | -77.31% | -2.30% | -75.01% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -8.39% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.49% | 3.03% | +54.46% |
Volatility
PIGDX vs. FSGEX - Volatility Comparison
Federated Hermes International Growth Fund (PIGDX) has a higher volatility of 6.88% compared to Fidelity Series Global ex U.S. Index Fund (FSGEX) at 5.45%. This indicates that PIGDX's price experiences larger fluctuations and is considered to be riskier than FSGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIGDX | FSGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 5.45% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 14.55% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.30% | 16.43% | +65.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.27% | 15.74% | +23.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.87% | 16.12% | +14.75% |
PIGDX vs. FSGEX - Expense Ratio Comparison
PIGDX has a 0.84% expense ratio, which is higher than FSGEX's 0.01% expense ratio.
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 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.66% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
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% |
Frequently Asked Questions
PIGDX and FSGEX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIGDX has higher volatility (6.88%) compared to FSGEX (5.45%). In terms of maximum drawdown, PIGDX dropped -79.94% vs FSGEX's -34.74%.
FSGEX currently has the higher Sharpe Ratio (1.69 vs -0.93), 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 PIGDX and FSGEX
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