VTIIX vs. FCDSX
Compare and contrast key facts about Vanguard Total International Bond II Index Fund Investor Class (VTIIX) and Fidelity Series International Credit Fund (FCDSX).
VTIIX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. It was launched on Feb 17, 2021. FCDSX is managed by Fidelity. It was launched on Jul 25, 2017.
Performance
VTIIX vs. FCDSX - Performance Comparison
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VTIIX vs. FCDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | -0.72% | 2.95% | 3.82% | 8.72% | -13.03% | -0.52% |
FCDSX Fidelity Series International Credit Fund | -0.47% | 7.22% | 8.47% | 7.64% | -17.34% | 1.35% |
Returns By Period
In the year-to-date period, VTIIX achieves a -0.72% return, which is significantly lower than FCDSX's -0.47% return.
VTIIX
- 1D
- 0.35%
- 1M
- -2.60%
- YTD
- -0.72%
- 6M
- -0.24%
- 1Y
- 2.40%
- 3Y*
- 3.68%
- 5Y*
- 0.08%
- 10Y*
- —
FCDSX
- 1D
- 0.36%
- 1M
- -2.44%
- YTD
- -0.47%
- 6M
- 0.79%
- 1Y
- 4.94%
- 3Y*
- 7.23%
- 5Y*
- 0.98%
- 10Y*
- —
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VTIIX vs. FCDSX - Expense Ratio Comparison
VTIIX has a 0.11% expense ratio, which is higher than FCDSX's 0.00% 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%.
Return for Risk
VTIIX vs. FCDSX — Risk / Return Rank
VTIIX
FCDSX
VTIIX vs. FCDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond II Index Fund Investor Class (VTIIX) and Fidelity Series International Credit Fund (FCDSX). 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.
| VTIIX | FCDSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.66 | -0.91 |
Sortino ratioReturn per unit of downside risk | 1.06 | 2.33 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.91 | -1.02 |
Martin ratioReturn relative to average drawdown | 3.81 | 8.64 | -4.83 |
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
| VTIIX | FCDSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.66 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.22 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.70 | -0.71 |
Correlation
The correlation between VTIIX and FCDSX is 0.82, 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
VTIIX vs. FCDSX - Dividend Comparison
VTIIX's dividend yield for the trailing twelve months is around 4.07%, less than FCDSX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.07% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
FCDSX Fidelity Series International Credit Fund | 4.60% | 4.58% | 4.81% | 3.67% | 6.73% | 3.04% | 6.58% | 7.12% | 4.17% | 1.90% |
Drawdowns
VTIIX vs. FCDSX - Drawdown Comparison
The maximum VTIIX drawdown since its inception was -15.95%, smaller than the maximum FCDSX drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for VTIIX and FCDSX.
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Drawdown Indicators
| VTIIX | FCDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -22.33% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.78% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -22.33% | +6.38% |
Current DrawdownCurrent decline from peak | -2.60% | -2.44% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -5.14% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.61% | +0.08% |
Volatility
VTIIX vs. FCDSX - Volatility Comparison
Vanguard Total International Bond II Index Fund Investor Class (VTIIX) has a higher volatility of 1.50% compared to Fidelity Series International Credit Fund (FCDSX) at 1.29%. This indicates that VTIIX's price experiences larger fluctuations and is considered to be riskier than FCDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIIX | FCDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.29% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 1.94% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.99% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 4.41% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 4.14% | +0.31% |