FEPAX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class A (FEPAX) and Fidelity International Index Fund (FSPSX).
FEPAX is managed by Fidelity. It was launched on Oct 15, 2002. 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
FEPAX vs. FSPSX - Performance Comparison
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FEPAX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPAX Fidelity Advisor Total Bond Fund Class A | -0.54% | 7.18% | 1.16% | 6.54% | -13.76% | -0.56% | 9.02% | 9.55% | -1.07% | 3.79% |
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, FEPAX achieves a -0.54% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FEPAX has underperformed FSPSX with an annualized return of 2.14%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FEPAX
- 1D
- 0.53%
- 1M
- -2.35%
- YTD
- -0.54%
- 6M
- 0.34%
- 1Y
- 3.90%
- 3Y*
- 3.68%
- 5Y*
- 0.30%
- 10Y*
- 2.14%
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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FEPAX vs. FSPSX - Expense Ratio Comparison
FEPAX has a 0.75% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FEPAX vs. FSPSX — Risk / Return Rank
FEPAX
FSPSX
FEPAX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class A (FEPAX) 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.
| FEPAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.11 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.56 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.54 | +0.15 |
Martin ratioReturn relative to average drawdown | 5.18 | 5.93 | -0.75 |
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
| FEPAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.11 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.51 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.53 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.46 | +0.38 |
Correlation
The correlation between FEPAX and FSPSX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FEPAX vs. FSPSX - Dividend Comparison
FEPAX's dividend yield for the trailing twelve months is around 3.75%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPAX Fidelity Advisor Total Bond Fund Class A | 3.75% | 4.07% | 3.18% | 3.51% | 2.29% | 1.68% | 4.93% | 2.73% | 2.87% | 2.49% | 3.28% | 3.01% |
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
FEPAX vs. FSPSX - Drawdown Comparison
The maximum FEPAX drawdown since its inception was -18.52%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FEPAX and FSPSX.
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Drawdown Indicators
| FEPAX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -33.69% | +15.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -11.39% | +8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -29.41% | +10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.52% | -33.69% | +15.17% |
Current DrawdownCurrent decline from peak | -2.35% | -10.86% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -6.59% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.96% | -2.01% |
Volatility
FEPAX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class A (FEPAX) is 1.54%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FEPAX 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
| FEPAX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 7.04% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 10.63% | -8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 16.79% | -12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 15.77% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 16.47% | -11.77% |