FEDIX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) and Fidelity International Index Fund (FSPSX).
FEDIX 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
FEDIX vs. FSPSX - Performance Comparison
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FEDIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.11% | 31.82% | -3.64% | 20.77% | -11.82% | 6.67% | 16.93% | 19.64% | -18.89% | 36.50% |
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, FEDIX achieves a 4.11% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FEDIX has outperformed FSPSX with an annualized return of 9.53%, while FSPSX has yielded a comparatively lower 8.65% annualized return.
FEDIX
- 1D
- -0.79%
- 1M
- -9.21%
- YTD
- 4.11%
- 6M
- 10.25%
- 1Y
- 35.20%
- 3Y*
- 14.92%
- 5Y*
- 7.71%
- 10Y*
- 9.53%
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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FEDIX vs. FSPSX - Expense Ratio Comparison
FEDIX has a 1.19% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FEDIX vs. FSPSX — Risk / Return Rank
FEDIX
FSPSX
FEDIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) 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.
| FEDIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.11 | +1.28 |
Sortino ratioReturn per unit of downside risk | 3.00 | 1.56 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.54 | +1.63 |
Martin ratioReturn relative to average drawdown | 12.58 | 5.93 | +6.66 |
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
| FEDIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.11 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.51 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.46 | +0.06 |
Correlation
The correlation between FEDIX 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
FEDIX vs. FSPSX - Dividend Comparison
FEDIX's dividend yield for the trailing twelve months is around 4.51%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDIX Fidelity Advisor Emerging Markets Discovery Fund Class I | 4.51% | 4.70% | 4.01% | 2.11% | 1.79% | 11.83% | 0.55% | 1.05% | 1.84% | 1.49% | 1.44% | 0.83% |
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
FEDIX vs. FSPSX - Drawdown Comparison
The maximum FEDIX drawdown since its inception was -42.98%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FEDIX and FSPSX.
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Drawdown Indicators
| FEDIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.98% | -33.69% | -9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.39% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.42% | -29.41% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -42.98% | -33.69% | -9.29% |
Current DrawdownCurrent decline from peak | -9.58% | -10.86% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -6.59% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.96% | -0.45% |
Volatility
FEDIX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class I (FEDIX) is 6.44%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FEDIX 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
| FEDIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 7.04% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 10.63% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 16.79% | -2.46% |
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 | 15.65% | 16.47% | -0.82% |