DARP vs. FSPSX

Last updated Jun 23, 2026

DARP (Grizzle Growth ETF) and FSPSX (Fidelity International Index Fund) are both funds - DARP is a Large Cap Growth Equities fund actively managed by Grizzle, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. DARP is actively managed, while FSPSX is passively managed. Over the past year, DARP returned 77.10% vs 25.44% for FSPSX. A 0.58 correlation means they provide meaningful diversification when combined. DARP charges 0.75%/yr vs 0.04%/yr for FSPSX.

Performance

DARP vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grizzle Growth ETF (DARP) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DARP achieves a 32.11% return, which is significantly higher than FSPSX's 10.54% return.

DARP

• 1D: 0.89%
• 1M: 2.84%
• YTD: 32.11%
• 6M: 32.85%
• 1Y: 77.10%
• 3Y*: —
• 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%

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

DARP vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DARP Grizzle Growth ETF	32.11%	40.19%	24.63%	6.25%
FSPSX Fidelity International Index Fund	10.54%	31.98%	3.70%	9.02%

Correlation

The correlation between DARP and FSPSX is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Aug 28, 2023	0.58

The correlation between DARP and FSPSX has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.

Return for Risk

DARP vs. FSPSX — Risk / Return Rank

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

DARP

DARP Risk / Return Rank: 90
DARP Sharpe Ratio Rank: 93
DARP Sortino Ratio Rank: 84
DARP Omega Ratio Rank: 84
DARP Calmar Ratio Rank: 94
DARP Martin Ratio Rank: 93

FSPSX

FSPSX Risk / Return Rank: 36
FSPSX Sharpe Ratio Rank: 36
FSPSX Sortino Ratio Rank: 35
FSPSX Omega Ratio Rank: 35
FSPSX Calmar Ratio Rank: 36
FSPSX Martin Ratio Rank: 39

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.

DARP vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grizzle Growth ETF (DARP) 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.

	DARP	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	3.18	1.61	+1.57
Sortino ratio: Return per unit of downside risk	3.59	2.28	+1.30
Omega ratio: Gain probability vs. loss probability	1.49	1.29	+0.19
Calmar ratio: Return relative to maximum drawdown	6.56	2.15	+4.41
Martin ratio: Return relative to average drawdown	23.42	8.05	+15.37

DARP vs. FSPSX - Sharpe Ratio Comparison

The current DARP Sharpe Ratio is 3.18, which is higher than the FSPSX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DARP and FSPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DARP vs. FSPSX - Drawdown Comparison

The maximum DARP drawdown since its inception was -30.27%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for DARP and FSPSX.

Drawdown Indicators

	DARP	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-30.27%	-33.69%	+3.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-11.39%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	-1.18%	0.00%	-1.18%
Average Drawdown Average peak-to-trough decline	-4.64%	-6.53%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.04%	+0.26%

Volatility

DARP vs. FSPSX - Volatility Comparison

Grizzle Growth ETF (DARP) has a higher volatility of 9.63% compared to Fidelity International Index Fund (FSPSX) at 4.93%. This indicates that DARP'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.

Volatility by Period

	DARP	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.63%	4.93%	+4.70%
Volatility (6M) Calculated over the trailing 6-month period	18.67%	12.71%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	15.26%	+9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.36%	16.07%	+10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	16.56%	+9.80%

DARP vs. FSPSX - Expense Ratio Comparison

DARP has a 0.75% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

Dividends

DARP vs. FSPSX - Dividend Comparison

DARP's dividend yield for the trailing twelve months is around 0.33%, less than FSPSX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DARP Grizzle Growth ETF	0.33%	0.43%	1.93%	0.32%	0.00%	0.00%	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

Can I hold both DARP and FSPSX in my portfolio?

DARP and FSPSX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DARP or FSPSX?

DARP has higher volatility (9.63%) compared to FSPSX (4.93%). In terms of maximum drawdown, DARP dropped -30.27% vs FSPSX's -33.69%.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (3.18 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.