FBRNX vs. FSPSX

Last updated Jun 4, 2026

FBRNX (Fidelity Advisor Stock Selector All Cap Fund Class I) and FSPSX (Fidelity International Index Fund) are both mutual funds - FBRNX is a Large Cap Growth Equities fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FBRNX returned 15.31%/yr vs 9.45%/yr for FSPSX. A 0.76 correlation means they provide meaningful diversification when combined. FBRNX charges 0.62%/yr vs 0.04%/yr for FSPSX.

Performance

FBRNX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) 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, FBRNX achieves a 15.81% return, which is significantly higher than FSPSX's 9.51% return. Over the past 10 years, FBRNX has outperformed FSPSX with an annualized return of 15.31%, while FSPSX has yielded a comparatively lower 9.45% annualized return.

FBRNX

• 1D: 0.33%
• 1M: 5.88%
• YTD: 15.81%
• 6M: 16.36%
• 1Y: 37.34%
• 3Y*: 22.81%
• 5Y*: 13.08%
• 10Y*: 15.31%

FSPSX

• 1D: 0.41%
• 1M: 4.06%
• YTD: 9.51%
• 6M: 12.14%
• 1Y: 22.52%
• 3Y*: 17.23%
• 5Y*: 8.91%
• 10Y*: 9.45%

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

FBRNX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	15.81%	18.84%	19.74%	26.90%	-19.59%	22.96%	24.89%	32.20%	-8.66%	24.44%
FSPSX Fidelity International Index Fund	9.51%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Correlation

The correlation between FBRNX and FSPSX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.76

The correlation between FBRNX and FSPSX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

FBRNX vs. FSPSX — Risk / Return Rank

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

FBRNX

FBRNX Risk / Return Rank: 86
FBRNX Sharpe Ratio Rank: 89
FBRNX Sortino Ratio Rank: 83
FBRNX Omega Ratio Rank: 81
FBRNX Calmar Ratio Rank: 86
FBRNX Martin Ratio Rank: 93

FSPSX

FSPSX Risk / Return Rank: 27
FSPSX Sharpe Ratio Rank: 27
FSPSX Sortino Ratio Rank: 26
FSPSX Omega Ratio Rank: 26
FSPSX Calmar Ratio Rank: 26
FSPSX Martin Ratio Rank: 31

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.

FBRNX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) 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.

	FBRNX	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.47	+1.48
Sortino ratio: Return per unit of downside risk	3.94	2.10	+1.84
Omega ratio: Gain probability vs. loss probability	1.53	1.27	+0.27
Calmar ratio: Return relative to maximum drawdown	4.15	1.91	+2.25
Martin ratio: Return relative to average drawdown	20.11	7.16	+12.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBRNX vs. FSPSX - Sharpe Ratio Comparison

The current FBRNX Sharpe Ratio is 2.95, which is higher than the FSPSX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FBRNX 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.

Sharpe Ratios by Period

	FBRNX	FSPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.47	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.56	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.57	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.50	+0.34

Drawdowns

FBRNX vs. FSPSX - Drawdown Comparison

The maximum FBRNX drawdown since its inception was -34.37%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FBRNX and FSPSX.

Drawdown Indicators

	FBRNX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.37%	-33.69%	-0.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-11.39%	+2.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.87%	-13.58%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-29.41%	+4.12%
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	-33.69%	-0.68%
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.44%	-6.55%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.03%	-1.13%

Volatility

FBRNX vs. FSPSX - Volatility Comparison

The current volatility for Fidelity Advisor Stock Selector All Cap Fund Class I (FBRNX) is 3.37%, while Fidelity International Index Fund (FSPSX) has a volatility of 4.62%. This indicates that FBRNX 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

	FBRNX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	4.62%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	12.04%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	14.80%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	15.98%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	16.56%	+2.00%

FBRNX vs. FSPSX - Expense Ratio Comparison

FBRNX has a 0.62% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

Dividends

FBRNX vs. FSPSX - Dividend Comparison

FBRNX's dividend yield for the trailing twelve months is around 3.97%, more than FSPSX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBRNX Fidelity Advisor Stock Selector All Cap Fund Class I	3.97%	4.60%	4.66%	1.94%	0.35%	0.00%	5.15%	5.28%	4.39%	3.07%	0.99%	5.06%
FSPSX Fidelity International Index Fund	2.88%	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 FBRNX and FSPSX in my portfolio?

FBRNX and FSPSX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBRNX or FSPSX?

FSPSX has higher volatility (4.62%) compared to FBRNX (3.37%). In terms of maximum drawdown, FBRNX dropped -34.37% vs FSPSX's -33.69%.

Which has better risk-adjusted returns?

FBRNX currently has the higher Sharpe Ratio (2.95 vs 1.47), 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.