VEU vs. FIGFX

Last updated Jun 4, 2026

VEU (Vanguard FTSE All-World ex-US ETF) and FIGFX (Fidelity International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, VEU returned 9.94%/yr vs 9.27%/yr for FIGFX. Their correlation of 0.92 suggests significant overlap in exposure. VEU charges 0.04%/yr vs 0.99%/yr for FIGFX.

Performance

VEU vs. FIGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World ex-US ETF (VEU) and Fidelity International Growth Fund (FIGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEU achieves a 14.60% return, which is significantly higher than FIGFX's 7.22% return. Over the past 10 years, VEU has outperformed FIGFX with an annualized return of 9.94%, while FIGFX has yielded a comparatively lower 9.27% annualized return.

VEU

• 1D: -0.98%
• 1M: 5.07%
• YTD: 14.60%
• 6M: 17.34%
• 1Y: 32.37%
• 3Y*: 19.62%
• 5Y*: 8.67%
• 10Y*: 9.94%

FIGFX

• 1D: 1.25%
• 1M: 3.18%
• YTD: 7.22%
• 6M: 8.42%
• 1Y: 14.47%
• 3Y*: 12.39%
• 5Y*: 5.67%
• 10Y*: 9.27%

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

VEU vs. FIGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEU Vanguard FTSE All-World ex-US ETF	14.60%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%
FIGFX Fidelity International Growth Fund	7.22%	17.91%	4.90%	20.89%	-23.19%	15.42%	16.95%	33.97%	-11.52%	28.83%

Correlation

The correlation between VEU and FIGFX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 5, 2007	0.92

The correlation between VEU and FIGFX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

VEU vs. FIGFX — Risk / Return Rank

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

VEU

VEU Risk / Return Rank: 60
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 62
VEU Calmar Ratio Rank: 56
VEU Martin Ratio Rank: 61

FIGFX

FIGFX Risk / Return Rank: 11
FIGFX Sharpe Ratio Rank: 10
FIGFX Sortino Ratio Rank: 10
FIGFX Omega Ratio Rank: 10
FIGFX Calmar Ratio Rank: 10
FIGFX Martin Ratio Rank: 13

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.

VEU vs. FIGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US ETF (VEU) and Fidelity International Growth Fund (FIGFX). 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.

	VEU	FIGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.79	+1.34
Sortino ratio: Return per unit of downside risk	2.94	1.24	+1.69
Omega ratio: Gain probability vs. loss probability	1.39	1.15	+0.24
Calmar ratio: Return relative to maximum drawdown	2.85	1.03	+1.81
Martin ratio: Return relative to average drawdown	11.06	3.80	+7.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEU vs. FIGFX - Sharpe Ratio Comparison

The current VEU Sharpe Ratio is 2.13, which is higher than the FIGFX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of VEU and FIGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEU	FIGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.79	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.32	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.52	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.31	-0.05

Drawdowns

VEU vs. FIGFX - Drawdown Comparison

The maximum VEU drawdown since its inception was -61.52%, which is greater than FIGFX's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for VEU and FIGFX.

Drawdown Indicators

	VEU	FIGFX	Difference
Max Drawdown Largest peak-to-trough decline	-61.52%	-55.97%	-5.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-13.95%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-16.51%	+2.82%
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	-34.91%	+5.60%
Max Drawdown (10Y) Largest decline over 10 years	-34.98%	-34.91%	-0.07%
Current Drawdown Current decline from peak	-0.98%	-2.17%	+1.19%
Average Drawdown Average peak-to-trough decline	-13.13%	-10.40%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.77%	-0.84%

Volatility

VEU vs. FIGFX - Volatility Comparison

The current volatility for Vanguard FTSE All-World ex-US ETF (VEU) is 5.59%, while Fidelity International Growth Fund (FIGFX) has a volatility of 7.29%. This indicates that VEU experiences smaller price fluctuations and is considered to be less risky than FIGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEU	FIGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	7.29%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	15.88%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.29%	18.27%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	18.08%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	17.83%	-0.62%

VEU vs. FIGFX - Expense Ratio Comparison

VEU has a 0.04% expense ratio, which is lower than FIGFX's 0.99% expense ratio.

Dividends

VEU vs. FIGFX - Dividend Comparison

VEU's dividend yield for the trailing twelve months is around 2.61%, less than FIGFX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGFX Fidelity International Growth Fund	3.21%	3.44%	0.78%	0.48%	1.66%	1.93%	0.11%	0.97%	0.88%	0.12%	1.24%	0.77%
VEU Vanguard FTSE All-World ex-US ETF	2.61%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both VEU and FIGFX in my portfolio?

With a correlation of 0.91, VEU and FIGFX 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.

Which is riskier, VEU or FIGFX?

FIGFX has higher volatility (7.29%) compared to VEU (5.59%). In terms of maximum drawdown, VEU dropped -61.52% vs FIGFX's -55.97%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (2.13 vs 0.79), 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.