VWICX vs. FHLFX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard International Core Stock Fund Investor Shares (VWICX) and Fidelity Series International Index Fund (FHLFX).

VWICX is managed by Vanguard. It was launched on Oct 16, 2019. FHLFX is managed by Fidelity. It was launched on Aug 17, 2018.

Performance

VWICX vs. FHLFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Core Stock Fund Investor Shares (VWICX) and Fidelity Series International Index Fund (FHLFX). The values are adjusted to include any dividend payments, if applicable.

VWICX vs. FHLFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWICX Vanguard International Core Stock Fund Investor Shares	2.78%	38.41%	8.62%	14.30%	-10.76%	11.70%	9.12%	7.42%
FHLFX Fidelity Series International Index Fund	0.99%	31.96%	3.67%	18.16%	-14.17%	11.23%	8.09%	7.46%

Returns By Period

In the year-to-date period, VWICX achieves a 2.78% return, which is significantly higher than FHLFX's 0.99% return.

VWICX

• 1D: 3.14%
• 1M: -6.30%
• YTD: 2.78%
• 6M: 8.50%
• 1Y: 31.72%
• 3Y*: 18.85%
• 5Y*: 10.52%
• 10Y*: —

FHLFX

• 1D: 2.97%
• 1M: -6.32%
• YTD: 0.99%
• 6M: 5.00%
• 1Y: 22.99%
• 3Y*: 14.59%
• 5Y*: 8.30%
• 10Y*: —

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

VWICX vs. FHLFX - Expense Ratio Comparison

VWICX has a 0.45% expense ratio, which is higher than FHLFX's 0.01% expense ratio.

VWICX

Vanguard International Core Stock Fund Investor Shares

FHLFX

Fidelity Series International Index Fund

Return for Risk

VWICX vs. FHLFX — Risk / Return Rank

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

VWICX

VWICX Risk / Return Rank: 91
VWICX Sharpe Ratio Rank: 91
VWICX Sortino Ratio Rank: 90
VWICX Omega Ratio Rank: 89
VWICX Calmar Ratio Rank: 92
VWICX Martin Ratio Rank: 92

FHLFX

FHLFX Risk / Return Rank: 71
FHLFX Sharpe Ratio Rank: 72
FHLFX Sortino Ratio Rank: 70
FHLFX Omega Ratio Rank: 68
FHLFX Calmar Ratio Rank: 75
FHLFX Martin Ratio Rank: 70

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.

VWICX vs. FHLFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Core Stock Fund Investor Shares (VWICX) and Fidelity Series International Index Fund (FHLFX). 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.

	VWICX	FHLFX	Difference
Sharpe ratio Return per unit of total volatility	1.96	1.39	+0.57
Sortino ratio Return per unit of downside risk	2.57	1.90	+0.66
Omega ratio Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio Return relative to maximum drawdown	2.85	1.95	+0.90
Martin ratio Return relative to average drawdown	11.07	7.44	+3.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWICX vs. FHLFX - Sharpe Ratio Comparison

The current VWICX Sharpe Ratio is 1.96, which is higher than the FHLFX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of VWICX and FHLFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VWICX	FHLFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.39	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.53	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.47	+0.18

Correlation

The correlation between VWICX and FHLFX is 0.93, 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

VWICX vs. FHLFX - Dividend Comparison

VWICX's dividend yield for the trailing twelve months is around 4.21%, more than FHLFX's 3.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VWICX Vanguard International Core Stock Fund Investor Shares	4.21%	4.33%	2.58%	2.10%	1.99%	4.27%	1.80%	0.11%	0.00%
FHLFX Fidelity Series International Index Fund	3.43%	3.46%	2.98%	2.86%	2.60%	2.47%	1.92%	1.95%	0.62%

Drawdowns

VWICX vs. FHLFX - Drawdown Comparison

The maximum VWICX drawdown since its inception was -34.37%, roughly equal to the maximum FHLFX drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for VWICX and FHLFX.

Drawdown Indicators

	VWICX	FHLFX	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-33.58%	-0.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-11.37%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-24.94%	-29.36%	+4.42%
Current Drawdown Current decline from peak	-8.04%	-8.18%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.84%	-6.18%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.97%	-0.12%

Volatility

VWICX vs. FHLFX - Volatility Comparison

Vanguard International Core Stock Fund Investor Shares (VWICX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 7.73% and 7.63%, 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.

Volatility by Period

	VWICX	FHLFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	7.63%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	11.01%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	17.06%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	15.82%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	17.63%	+0.31%