SSAIX vs. FSGEX
SSAIX (State Street International Stock Selection Fund) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SSAIX returned 8.61%/yr vs 9.52%/yr for FSGEX. Their correlation of 0.90 means they have usually moved in the same direction. SSAIX charges 1.00%/yr vs 0.01%/yr for FSGEX.
Performance
SSAIX vs. FSGEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SSAIX having a 14.25% return and FSGEX slightly lower at 13.66%. Over the past 10 years, SSAIX has underperformed FSGEX with an annualized return of 8.61%, while FSGEX has yielded a comparatively higher 9.52% annualized return.
SSAIX
- 1D
- 2.63%
- 1M
- 2.76%
- 6M
- 7.92%
- YTD
- 14.25%
- 1Y
- 23.01%
- 3Y*
- 18.51%
- 5Y*
- 10.56%
- 10Y*
- 8.61%
- ALL TIME*
- 5.18%
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 |
SSAIX vs. FSGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSAIX State Street International Stock Selection Fund | 14.25% | 31.50% | 7.90% | 17.53% | -13.60% | 12.77% | 2.88% | 16.78% | -17.69% | 22.21% |
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 SSAIX and FSGEX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.90 |
Over the past year, the correlation between SSAIX and FSGEX has dropped to 0.70 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
SSAIX vs. FSGEX — Risk / Return Rank
SSAIX
FSGEX
SSAIX vs. FSGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street International Stock Selection Fund (SSAIX) 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.
| SSAIX | FSGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.47 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.90 | 9.15 | -2.24 |
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Drawdowns
SSAIX vs. FSGEX - Drawdown Comparison
The maximum SSAIX drawdown since its inception was -61.30%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for SSAIX and FSGEX.
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Drawdown Indicators
| SSAIX | FSGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.30% | -34.74% | -26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -11.24% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.00% | -13.34% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -29.44% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -34.74% | -6.60% |
Current DrawdownCurrent decline from peak | 0.00% | -2.30% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -8.39% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.03% | +0.58% |
Volatility
SSAIX vs. FSGEX - Volatility Comparison
The current volatility for State Street International Stock Selection Fund (SSAIX) is 4.52%, while Fidelity Series Global ex U.S. Index Fund (FSGEX) has a volatility of 5.45%. This indicates that SSAIX 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.
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Volatility by Period
| SSAIX | FSGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 5.45% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 14.55% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 16.43% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 15.74% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.12% | +0.64% |
SSAIX vs. FSGEX - Expense Ratio Comparison
SSAIX has a 1.00% expense ratio, which is higher than FSGEX's 0.01% expense ratio.
Dividends
SSAIX vs. FSGEX - Dividend Comparison
SSAIX 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% |
SSAIX State Street International Stock Selection Fund | 0.00% | 0.00% | 3.64% | 5.68% | 3.47% | 4.55% | 1.88% | 3.34% | 5.99% | 3.63% | 2.74% | 2.55% |
Frequently Asked Questions
SSAIX and FSGEX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSGEX has higher volatility (5.45%) compared to SSAIX (4.52%). In terms of maximum drawdown, SSAIX dropped -61.30% vs FSGEX's -34.74%.
FSGEX currently has the higher Sharpe Ratio (1.69 vs 1.45), 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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