BKF vs. FSPSX
BKF (iShares MSCI BRIC ETF) and FSPSX (Fidelity International Index Fund) are both funds - BKF is a Asia Pacific Equities fund tracking the MSCI BRIC Index, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Both are passively managed. Over the past 10 years, BKF returned 4.92%/yr vs 10.29%/yr for FSPSX. A 0.69 correlation means they provide meaningful diversification when combined. BKF charges 0.69%/yr vs 0.04%/yr for FSPSX.
Performance
BKF vs. FSPSX - Performance Comparison
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Returns By Period
In the year-to-date period, BKF achieves a -10.85% return, which is significantly lower than FSPSX's 10.74% return. Over the past 10 years, BKF has underperformed FSPSX with an annualized return of 4.92%, while FSPSX has yielded a comparatively higher 10.29% annualized return.
BKF
- 1D
- -2.58%
- 1M
- -3.70%
- YTD
- -10.85%
- 6M
- -11.19%
- 1Y
- -2.61%
- 3Y*
- 6.90%
- 5Y*
- -4.53%
- 10Y*
- 4.92%
FSPSX
- 1D
- 0.18%
- 1M
- 2.11%
- YTD
- 10.74%
- 6M
- 10.40%
- 1Y
- 24.77%
- 3Y*
- 17.73%
- 5Y*
- 9.39%
- 10Y*
- 10.29%
BKF vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | -10.85% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 16.52% | 22.93% | -13.80% | 41.80% |
FSPSX Fidelity International Index Fund | 10.74% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Correlation
The correlation between BKF and FSPSX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.69 |
The correlation between BKF and FSPSX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
BKF vs. FSPSX — Risk / Return Rank
BKF
FSPSX
BKF vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) 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.
| BKF | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.26 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.44 | 8.48 | -8.92 |
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Drawdowns
BKF vs. FSPSX - Drawdown Comparison
The maximum BKF drawdown since its inception was -70.29%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for BKF and FSPSX.
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Drawdown Indicators
| BKF | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -33.69% | -36.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -11.39% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -13.58% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -44.94% | -29.41% | -15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | -33.69% | -15.51% |
Current DrawdownCurrent decline from peak | -27.80% | 0.00% | -27.80% |
Average DrawdownAverage peak-to-trough decline | -28.10% | -6.53% | -21.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 3.04% | +2.87% |
Volatility
BKF vs. FSPSX - Volatility Comparison
iShares MSCI BRIC ETF (BKF) has a higher volatility of 5.42% compared to Fidelity International Index Fund (FSPSX) at 4.77%. This indicates that BKF's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKF | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.77% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 12.68% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 15.26% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 16.07% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 16.53% | +5.20% |
BKF vs. FSPSX - Expense Ratio Comparison
BKF has a 0.69% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Dividends
BKF vs. FSPSX - Dividend Comparison
BKF's dividend yield for the trailing twelve months is around 1.63%, less than FSPSX's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | 1.63% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
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
BKF and FSPSX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKF has higher volatility (5.42%) compared to FSPSX (4.77%). In terms of maximum drawdown, BKF dropped -70.29% vs FSPSX's -33.69%.
FSPSX currently has the higher Sharpe Ratio (1.69 vs -0.16), 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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