AVIV vs. FSPSX
AVIV (Avantis International Large Cap Value ETF) and FSPSX (Fidelity International Index Fund) are both Foreign Large Cap Equities funds. AVIV is actively managed, while FSPSX is passively managed. Over the past 3 years, AVIV returned 22.35%/yr vs 16.37%/yr for FSPSX. Their correlation of 0.94 suggests significant overlap in exposure. AVIV charges 0.25%/yr vs 0.04%/yr for FSPSX.
Performance
AVIV vs. FSPSX - Performance Comparison
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Returns By Period
In the year-to-date period, AVIV achieves a 12.03% return, which is significantly higher than FSPSX's 10.54% return.
AVIV
- 1D
- 0.22%
- 1M
- 0.73%
- YTD
- 12.03%
- 6M
- 11.97%
- 1Y
- 33.95%
- 3Y*
- 22.35%
- 5Y*
- —
- 10Y*
- —
FSPSX
- 1D
- 0.76%
- 1M
- 1.93%
- YTD
- 10.54%
- 6M
- 11.05%
- 1Y
- 25.44%
- 3Y*
- 16.37%
- 5Y*
- 9.50%
- 10Y*
- 9.67%
AVIV vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 12.03% | 41.80% | 4.30% | 18.47% | -8.26% | 1.83% |
FSPSX Fidelity International Index Fund | 10.54% | 31.98% | 3.70% | 18.31% | -14.23% | 2.72% |
Correlation
The correlation between AVIV and FSPSX 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.94 |
The correlation between AVIV and FSPSX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
AVIV vs. FSPSX — Risk / Return Rank
AVIV
FSPSX
AVIV vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and Fidelity International Index Fund (FSPSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVIV | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.15 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.35 | 8.05 | +4.30 |
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Drawdowns
AVIV vs. FSPSX - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for AVIV and FSPSX.
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Drawdown Indicators
| AVIV | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -33.69% | +6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -11.39% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -13.58% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -0.93% | 0.00% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -6.53% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.04% | -0.28% |
Volatility
AVIV vs. FSPSX - Volatility Comparison
Avantis International Large Cap Value ETF (AVIV) and Fidelity International Index Fund (FSPSX) have volatilities of 4.70% and 4.93%, 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
| AVIV | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.93% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 12.71% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 15.26% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 16.07% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 16.56% | +0.34% |
AVIV vs. FSPSX - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is higher than FSPSX's 0.04% 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
AVIV vs. FSPSX - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 3.95%, more than FSPSX's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 3.95% | 3.01% | 3.46% | 3.64% | 2.84% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 2.85% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Frequently Asked Questions
With a correlation of 0.94, AVIV and FSPSX 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.
FSPSX has higher volatility (4.93%) compared to AVIV (4.70%). In terms of maximum drawdown, AVIV dropped -27.69% vs FSPSX's -33.69%.
AVIV currently has the higher Sharpe Ratio (2.34 vs 1.61), 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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