FDMLX vs. FSPSX
FDMLX (Fidelity Series Intrinsic Opportunities Fund) and FSPSX (Fidelity International Index Fund) are both mutual funds - FDMLX is a Mid Cap Value Equities fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FDMLX returned 12.55%/yr vs 9.45%/yr for FSPSX. A 0.77 correlation means they provide meaningful diversification when combined. FDMLX charges 0.00%/yr vs 0.04%/yr for FSPSX.
Performance
FDMLX vs. FSPSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDMLX achieves a 10.07% return, which is significantly higher than FSPSX's 9.51% return. Over the past 10 years, FDMLX has outperformed FSPSX with an annualized return of 12.55%, while FSPSX has yielded a comparatively lower 9.45% annualized return.
FDMLX
- 1D
- 0.52%
- 1M
- 3.27%
- YTD
- 10.07%
- 6M
- 10.32%
- 1Y
- 22.65%
- 3Y*
- 16.72%
- 5Y*
- 9.76%
- 10Y*
- 12.55%
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%
FDMLX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDMLX Fidelity Series Intrinsic Opportunities Fund | 10.07% | 11.64% | 10.76% | 19.77% | -3.24% | 27.54% | 11.45% | 17.72% | -7.17% | 24.39% |
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 FDMLX and FSPSX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012 | 0.77 |
The correlation between FDMLX and FSPSX shifts across timeframes, from 0.67 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDMLX vs. FSPSX — Risk / Return Rank
FDMLX
FSPSX
FDMLX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Intrinsic Opportunities Fund (FDMLX) 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.
| FDMLX | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.91 | +0.75 |
| Martin ratioReturn relative to average drawdown | 8.64 | 7.16 | +1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FDMLX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.47 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.56 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.57 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.50 | +0.26 |
Drawdowns
FDMLX vs. FSPSX - Drawdown Comparison
The maximum FDMLX drawdown since its inception was -35.03%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FDMLX and FSPSX.
Loading charts...
Drawdown Indicators
| FDMLX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -33.69% | -1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -11.39% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.52% | -13.58% | -9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -29.41% | +5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.03% | -33.69% | -1.34% |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -6.55% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.03% | -0.21% |
Volatility
FDMLX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Series Intrinsic Opportunities Fund (FDMLX) is 3.75%, while Fidelity International Index Fund (FSPSX) has a volatility of 4.62%. This indicates that FDMLX 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.
Loading charts...
Volatility by Period
| FDMLX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.62% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 12.04% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 14.80% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 15.98% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.21% | 16.56% | +2.65% |
FDMLX vs. FSPSX - Expense Ratio Comparison
FDMLX has a 0.00% expense ratio, which is lower than FSPSX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FDMLX vs. FSPSX - Dividend Comparison
FDMLX's dividend yield for the trailing twelve months is around 10.56%, more than FSPSX's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMLX Fidelity Series Intrinsic Opportunities Fund | 10.56% | 11.63% | 12.75% | 24.60% | 65.08% | 18.63% | 4.18% | 4.94% | 9.28% | 4.53% | 1.51% | 5.76% |
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
FDMLX and FSPSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPSX has higher volatility (4.62%) compared to FDMLX (3.75%). In terms of maximum drawdown, FDMLX dropped -35.03% vs FSPSX's -33.69%.
FDMLX currently has the higher Sharpe Ratio (1.71 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.
Find the right allocation for FDMLX and FSPSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer