FANCX vs. FSPSX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Short-Term Bond Fund Class C (FANCX) and Fidelity International Index Fund (FSPSX).

FANCX is managed by Fidelity. It was launched on Jul 12, 2016. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.

Performance

FANCX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Short-Term Bond Fund Class C (FANCX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

FANCX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FANCX Fidelity Advisor Short-Term Bond Fund Class C	-0.37%	4.38%	3.74%	3.91%	-4.63%	-1.81%	2.74%	2.90%	0.23%	-0.02%
FSPSX Fidelity International Index Fund	-1.94%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Returns By Period

In the year-to-date period, FANCX achieves a -0.37% return, which is significantly higher than FSPSX's -1.94% return.

FANCX

• 1D: 0.12%
• 1M: -0.94%
• YTD: -0.37%
• 6M: 0.48%
• 1Y: 2.57%
• 3Y*: 3.49%
• 5Y*: 1.11%
• 10Y*: —

FSPSX

• 1D: 0.42%
• 1M: -10.86%
• YTD: -1.94%
• 6M: 2.58%
• 1Y: 19.89%
• 3Y*: 13.50%
• 5Y*: 7.96%
• 10Y*: 8.65%

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

FANCX vs. FSPSX - Expense Ratio Comparison

FANCX has a 1.51% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

FANCX

Fidelity Advisor Short-Term Bond Fund Class C

FSPSX

Fidelity International Index Fund

Return for Risk

FANCX vs. FSPSX — Risk / Return Rank

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

FANCX

FANCX Risk / Return Rank: 87
FANCX Sharpe Ratio Rank: 80
FANCX Sortino Ratio Rank: 88
FANCX Omega Ratio Rank: 85
FANCX Calmar Ratio Rank: 91
FANCX Martin Ratio Rank: 89

FSPSX

FSPSX Risk / Return Rank: 64
FSPSX Sharpe Ratio Rank: 65
FSPSX Sortino Ratio Rank: 62
FSPSX Omega Ratio Rank: 60
FSPSX Calmar Ratio Rank: 69
FSPSX Martin Ratio Rank: 63

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.

FANCX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Short-Term Bond Fund Class C (FANCX) 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.

	FANCX	FSPSX	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.11	+0.38
Sortino ratio Return per unit of downside risk	2.43	1.56	+0.87
Omega ratio Gain probability vs. loss probability	1.35	1.23	+0.13
Calmar ratio Return relative to maximum drawdown	2.64	1.54	+1.09
Martin ratio Return relative to average drawdown	9.74	5.93	+3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FANCX vs. FSPSX - Sharpe Ratio Comparison

The current FANCX Sharpe Ratio is 1.49, which is higher than the FSPSX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FANCX and FSPSX, 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

	FANCX	FSPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.11	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.51	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.46	+0.13

Correlation

The correlation between FANCX and FSPSX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FANCX vs. FSPSX - Dividend Comparison

FANCX's dividend yield for the trailing twelve months is around 2.91%, less than FSPSX's 3.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FANCX Fidelity Advisor Short-Term Bond Fund Class C	2.91%	3.20%	2.95%	1.75%	0.15%	0.36%	1.68%	1.00%	0.69%	0.21%	0.07%	0.00%
FSPSX Fidelity International Index Fund	3.22%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%

Drawdowns

FANCX vs. FSPSX - Drawdown Comparison

The maximum FANCX drawdown since its inception was -7.79%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FANCX and FSPSX.

Drawdown Indicators

	FANCX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-7.79%	-33.69%	+25.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.18%	-11.39%	+10.21%
Max Drawdown (5Y) Largest decline over 5 years	-7.35%	-29.41%	+22.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	-0.94%	-10.86%	+9.92%
Average Drawdown Average peak-to-trough decline	-1.57%	-6.59%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	2.96%	-2.64%

Volatility

FANCX vs. FSPSX - Volatility Comparison

The current volatility for Fidelity Advisor Short-Term Bond Fund Class C (FANCX) is 0.58%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FANCX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FANCX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	7.04%	-6.46%
Volatility (6M) Calculated over the trailing 6-month period	1.20%	10.63%	-9.43%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	16.79%	-14.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.09%	15.77%	-13.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.77%	16.47%	-14.70%