FBKWX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity International Index Fund (FSPSX).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. 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
FBKWX vs. FSPSX - Performance Comparison
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FBKWX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | -0.37% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | -0.56% | 4.39% |
FSPSX Fidelity International Index Fund | 0.95% | 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, FBKWX achieves a -0.37% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FBKWX has underperformed FSPSX with an annualized return of 2.58%, while FSPSX has yielded a comparatively higher 8.97% annualized return.
FBKWX
- 1D
- 0.10%
- 1M
- -1.75%
- YTD
- -0.37%
- 6M
- 0.39%
- 1Y
- 4.05%
- 3Y*
- 4.16%
- 5Y*
- 0.67%
- 10Y*
- 2.58%
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FBKWX vs. FSPSX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FBKWX vs. FSPSX — Risk / Return Rank
FBKWX
FSPSX
FBKWX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) 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.
| FBKWX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.39 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.90 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.94 | -0.23 |
Martin ratioReturn relative to average drawdown | 5.16 | 7.43 | -2.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBKWX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.39 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.53 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.55 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.47 | +0.08 |
Correlation
The correlation between FBKWX and FSPSX is 0.10, 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
FBKWX vs. FSPSX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.10%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.10% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FBKWX vs. FSPSX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FBKWX and FSPSX.
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Drawdown Indicators
| FBKWX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -33.69% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -11.39% | +8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -29.41% | +11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | -33.69% | +15.38% |
Current DrawdownCurrent decline from peak | -2.25% | -8.22% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -6.60% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.97% | -2.02% |
Volatility
FBKWX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class Z (FBKWX) is 1.50%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FBKWX 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.
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Volatility by Period
| FBKWX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 7.65% | -6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 11.01% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 17.00% | -12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 15.82% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 16.49% | -11.75% |