Correlation
The correlation between FDIKX and FSPSX is 0.76, 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.
FDIKX vs. FSPSX
Compare and contrast key facts about Fidelity Diversified International Fund Class K (FDIKX) and Fidelity International Index Fund (FSPSX).
FDIKX is managed by Fidelity. It was launched on May 9, 2008. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIKX or FSPSX.
Performance
FDIKX vs. FSPSX - Performance Comparison
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Key characteristics
FDIKX:
0.74
FSPSX:
0.88
FDIKX:
1.02
FSPSX:
1.20
FDIKX:
1.14
FSPSX:
1.16
FDIKX:
0.83
FSPSX:
0.99
FDIKX:
2.83
FSPSX:
2.87
FDIKX:
4.31%
FSPSX:
4.68%
FDIKX:
18.55%
FSPSX:
16.69%
FDIKX:
-57.95%
FSPSX:
-33.69%
FDIKX:
-0.88%
FSPSX:
-0.43%
Returns By Period
In the year-to-date period, FDIKX achieves a 15.29% return, which is significantly lower than FSPSX's 17.65% return. Both investments have delivered pretty close results over the past 10 years, with FDIKX having a 6.42% annualized return and FSPSX not far behind at 6.10%.
FDIKX
15.29%
5.32%
11.49%
12.64%
11.06%
9.82%
6.42%
FSPSX
17.65%
5.17%
14.32%
13.24%
11.70%
11.59%
6.10%
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FDIKX vs. FSPSX - Expense Ratio Comparison
FDIKX has a 0.91% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
FDIKX vs. FSPSX — Risk-Adjusted Performance Rank
FDIKX
FSPSX
FDIKX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund Class K (FDIKX) 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.
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Dividends
FDIKX vs. FSPSX - Dividend Comparison
FDIKX's dividend yield for the trailing twelve months is around 3.47%, more than FSPSX's 2.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIKX Fidelity Diversified International Fund Class K | 3.47% | 4.00% | 4.40% | 1.48% | 10.71% | 1.07% | 1.42% | 7.48% | 5.43% | 1.50% | 1.49% | 3.96% |
FSPSX Fidelity International Index Fund | 2.46% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% |
Drawdowns
FDIKX vs. FSPSX - Drawdown Comparison
The maximum FDIKX drawdown since its inception was -57.95%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FDIKX and FSPSX.
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Volatility
FDIKX vs. FSPSX - Volatility Comparison
Fidelity Diversified International Fund Class K (FDIKX) has a higher volatility of 3.25% compared to Fidelity International Index Fund (FSPSX) at 3.06%. This indicates that FDIKX'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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