FEDAX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) and Fidelity International Index Fund (FSPSX).
FEDAX is managed by Fidelity. It was launched on Nov 1, 2011. 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
FEDAX vs. FSPSX - Performance Comparison
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FEDAX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
FSPSX Fidelity International Index Fund | -1.94% | 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, FEDAX achieves a 4.10% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FEDAX has outperformed FSPSX with an annualized return of 9.23%, while FSPSX has yielded a comparatively lower 8.65% annualized return.
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FEDAX vs. FSPSX - Expense Ratio Comparison
FEDAX has a 1.49% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FEDAX vs. FSPSX — Risk / Return Rank
FEDAX
FSPSX
FEDAX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) 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.
| FEDAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.11 | +1.25 |
Sortino ratioReturn per unit of downside risk | 2.95 | 1.56 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.23 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.54 | +1.61 |
Martin ratioReturn relative to average drawdown | 12.43 | 5.93 | +6.50 |
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
| FEDAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.11 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.51 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.53 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.04 |
Correlation
The correlation between FEDAX and FSPSX is 0.71, 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
FEDAX vs. FSPSX - Dividend Comparison
FEDAX's dividend yield for the trailing twelve months is around 4.39%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FEDAX vs. FSPSX - Drawdown Comparison
The maximum FEDAX drawdown since its inception was -43.35%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FEDAX and FSPSX.
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Drawdown Indicators
| FEDAX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -33.69% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -11.39% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -29.41% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -33.69% | -9.66% |
Current DrawdownCurrent decline from peak | -9.58% | -10.86% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -6.59% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.96% | -0.44% |
Volatility
FEDAX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) is 6.48%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FEDAX 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
| FEDAX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 7.04% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 10.63% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 16.79% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 15.77% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 16.47% | -0.80% |