FCPAX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Capital Appreciation Fund Class A (FCPAX) and Fidelity International Index Fund (FSPSX).
FCPAX is managed by Fidelity. It was launched on Nov 3, 1997. 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
FCPAX vs. FSPSX - Performance Comparison
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FCPAX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPAX Fidelity Advisor International Capital Appreciation Fund Class A | -4.94% | 18.40% | 7.76% | 27.31% | -26.75% | 11.98% | 21.90% | 32.36% | -13.07% | 35.50% |
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, FCPAX achieves a -4.94% return, which is significantly lower than FSPSX's 0.95% return. Both investments have delivered pretty close results over the past 10 years, with FCPAX having a 8.83% annualized return and FSPSX not far ahead at 8.97%.
FCPAX
- 1D
- 3.58%
- 1M
- -9.06%
- YTD
- -4.94%
- 6M
- -5.48%
- 1Y
- 9.47%
- 3Y*
- 10.75%
- 5Y*
- 4.47%
- 10Y*
- 8.83%
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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FCPAX vs. FSPSX - Expense Ratio Comparison
FCPAX has a 1.23% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FCPAX vs. FSPSX — Risk / Return Rank
FCPAX
FSPSX
FCPAX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class A (FCPAX) 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.
| FCPAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.39 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.90 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.94 | -1.31 |
Martin ratioReturn relative to average drawdown | 2.45 | 7.43 | -4.98 |
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
| FCPAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.39 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.53 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.55 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.47 | -0.08 |
Correlation
The correlation between FCPAX and FSPSX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FCPAX vs. FSPSX - Dividend Comparison
FCPAX's dividend yield for the trailing twelve months is around 6.00%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPAX Fidelity Advisor International Capital Appreciation Fund Class A | 6.00% | 5.70% | 0.54% | 0.16% | 0.00% | 3.84% | 0.00% | 0.37% | 0.22% | 0.05% | 0.11% | 0.05% |
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
FCPAX vs. FSPSX - Drawdown Comparison
The maximum FCPAX drawdown since its inception was -65.31%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FCPAX and FSPSX.
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Drawdown Indicators
| FCPAX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.31% | -33.69% | -31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -11.39% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.36% | -29.41% | -7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -33.69% | -3.67% |
Current DrawdownCurrent decline from peak | -11.41% | -8.22% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -15.09% | -6.60% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.97% | +0.72% |
Volatility
FCPAX vs. FSPSX - Volatility Comparison
Fidelity Advisor International Capital Appreciation Fund Class A (FCPAX) has a higher volatility of 8.80% compared to Fidelity International Index Fund (FSPSX) at 7.65%. This indicates that FCPAX'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
| FCPAX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 7.65% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 11.01% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 17.00% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 15.82% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 16.49% | +1.37% |