FTIHX vs FZILX
Fidelity Total International Index Fund vs Fidelity ZERO International Index Fund
Quick Verdict
FZILX has a lower expense ratio. FZILX delivered stronger 1-year returns. FTIHX offers more diversification with 5,059 holdings.
Side-by-Side Comparison
| Metric | FTIHX | FZILX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.00% | |
| AUM | - | $12.3B | |
| Dividend Yield | 2.46% | 2.35% | |
| Holdings | 5,059 | 2,172 | |
| YTD Return | +15.92% | +16.76% | |
| 1Y Return | +23.09% | +24.70% | |
| 3Y Return (annualized) | +17.22% | +17.93% | |
| 5Y Return (annualized) | +6.42% | +6.98% | |
| Volatility (annualized) | 15.6% | 15.4% | |
| Max Drawdown | -32.0% | -32.8% | |
| Fund Family | Fidelity Investments (US) | Fidelity Investments (US) | |
| Category | Equity | Equity | |
| Inception | Jun 7, 2016 | Aug 2, 2018 |
FTIHX vs FZILX Performance
Fidelity Total International Index Fund (FTIHX) is a mutual fund from Fidelity Investments (US) and Fidelity ZERO International Index Fund (FZILX) is a mutual fund from Fidelity Investments (US). Over the past year FTIHX returned +23.09% while FZILX returned +24.70%. Year to date, FTIHX is up 15.92% versus a gain of 16.76% for FZILX.
Over three years, FTIHX compounded at +17.22% per year against +17.93% for FZILX; over five years the annualized figures are +6.42% and +6.98% respectively. Across the full 5-year window we track, FZILX has the edge at +6.98% annualized vs +6.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTIHX has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.4% for FZILX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.0% for FTIHX and -32.8% for FZILX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTIHX charges 0.06% per year while FZILX charges 0.00%. On a $10,000 position that is $6 vs $0 annually, a gap of $6 per year that compounds over a long holding period. On income, FTIHX currently yields 2.46% against 2.35% for FZILX.
Holdings Overlap
FTIHX and FZILX share 1933 holdings out of 5189 unique holdings combined, representing a 79.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, FTIHX or FZILX?
FTIHX has an expense ratio of 0.06% while FZILX charges 0.00%. FZILX is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FTIHX or FZILX?
Over the past year FTIHX returned +23.09% vs +24.70% for FZILX, so FZILX leads on 1-year performance. Over the longest common window we track (5 years), FTIHX annualized +6.42% vs +6.98% for FZILX. Past performance does not guarantee future results.
Which is riskier, FTIHX or FZILX?
FTIHX has been the more volatile fund at 15.6% annualized versus 15.4% for FZILX. Worst drawdown: FTIHX -32.0% vs FZILX -32.8%.
Should I hold both FTIHX and FZILX?
FTIHX and FZILX have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FTIHX and FZILX?
FTIHX and FZILX share 1933 common holdings with a 79.4% weight overlap. Combined, they hold 5189 unique securities.
Which pays a higher dividend, FTIHX or FZILX?
FTIHX yields 2.46% while FZILX yields 2.35%, so FTIHX currently pays the higher dividend yield.
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