VDIPX vs. FSGEX
VDIPX (Vanguard Developed Markets Index Fund Institutional Plus Shares) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, VDIPX returned 10.20%/yr vs 9.86%/yr for FSGEX. With a 0.97 correlation, they move nearly in lockstep. VDIPX charges 0.04%/yr vs 0.01%/yr for FSGEX.
Performance
VDIPX vs. FSGEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VDIPX having a 15.16% return and FSGEX slightly lower at 14.81%. Both investments have delivered pretty close results over the past 10 years, with VDIPX having a 10.20% annualized return and FSGEX not far behind at 9.86%.
VDIPX
- 1D
- -0.66%
- 1M
- 4.06%
- YTD
- 15.16%
- 6M
- 18.09%
- 1Y
- 32.08%
- 3Y*
- 19.97%
- 5Y*
- 9.65%
- 10Y*
- 10.20%
FSGEX
- 1D
- -0.90%
- 1M
- 4.06%
- YTD
- 14.81%
- 6M
- 17.29%
- 1Y
- 31.94%
- 3Y*
- 19.80%
- 5Y*
- 8.70%
- 10Y*
- 9.86%
VDIPX vs. FSGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares | 15.16% | 35.15% | 3.08% | 17.78% | -15.35% | 11.45% | 10.26% | 22.06% | -14.48% | 26.48% |
FSGEX Fidelity Series Global ex U.S. Index Fund | 14.81% | 32.99% | 5.34% | 15.56% | -15.75% | 7.77% | 10.75% | 21.41% | -13.99% | 27.47% |
Correlation
The correlation between VDIPX and FSGEX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.97 |
The correlation between VDIPX and FSGEX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VDIPX vs. FSGEX — Risk / Return Rank
VDIPX
FSGEX
VDIPX vs. FSGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) 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.
| VDIPX | FSGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.93 | -0.11 |
| Martin ratioReturn relative to average drawdown | 10.93 | 11.47 | -0.53 |
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
| VDIPX | FSGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.26 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.57 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.61 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.41 | +0.13 |
Drawdowns
VDIPX vs. FSGEX - Drawdown Comparison
The maximum VDIPX drawdown since its inception was -35.61%, roughly equal to the maximum FSGEX drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for VDIPX and FSGEX.
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Drawdown Indicators
| VDIPX | FSGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -34.74% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -11.24% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -13.34% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.69% | -29.66% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | -34.74% | -0.87% |
Current DrawdownCurrent decline from peak | -0.66% | -0.90% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -8.44% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.86% | +0.14% |
Volatility
VDIPX vs. FSGEX - Volatility Comparison
Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) and Fidelity Series Global ex U.S. Index Fund (FSGEX) have volatilities of 4.97% and 5.04%, 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
| VDIPX | FSGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 5.04% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 12.31% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 14.57% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 15.40% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.22% | +0.31% |
VDIPX vs. FSGEX - Expense Ratio Comparison
VDIPX has a 0.04% expense ratio, which is higher than FSGEX'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
VDIPX vs. FSGEX - Dividend Comparison
VDIPX's dividend yield for the trailing twelve months is around 2.62%, which matches FSGEX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSGEX Fidelity Series Global ex U.S. Index Fund | 2.63% | 3.02% | 2.98% | 2.90% | 2.78% | 2.59% | 1.68% | 2.10% | 2.86% | 2.48% | 2.56% | 2.61% |
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares | 2.62% | 3.23% | 3.37% | 3.16% | 2.92% | 3.17% | 2.05% | 3.05% | 3.36% | 2.79% | 3.08% | 2.95% |
Frequently Asked Questions
With a correlation of 0.94, VDIPX and FSGEX 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.
FSGEX has higher volatility (5.04%) compared to VDIPX (4.97%). In terms of maximum drawdown, VDIPX dropped -35.61% vs FSGEX's -34.74%.
FSGEX currently has the higher Sharpe Ratio (2.26 vs 2.18), 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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