FEPIX vs. FSPSX
FEPIX (Fidelity Total Bond Fund) and FSPSX (Fidelity International Index Fund) are both mutual funds - FEPIX is a Total Bond Market fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FEPIX returned 2.02%/yr vs 9.69%/yr for FSPSX. Their 0.05 correlation means their historical movements had little consistent relationship. FEPIX charges 0.50%/yr vs 0.04%/yr for FSPSX.
Performance
FEPIX vs. FSPSX - Performance Comparison
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Returns By Period
In the year-to-date period, FEPIX achieves a -0.59% return, which is significantly lower than FSPSX's 12.57% return. Over the past 10 years, FEPIX has underperformed FSPSX with an annualized return of 2.02%, while FSPSX has yielded a comparatively higher 9.69% annualized return.
FEPIX
- 1D
- 0.00%
- 1M
- -1.26%
- 6M
- -0.72%
- YTD
- -0.59%
- 1Y
- 1.91%
- 3Y*
- 3.93%
- 5Y*
- -0.08%
- 10Y*
- 2.02%
- ALL TIME*
- 3.68%
FSPSX
- 1D
- 2.56%
- 1M
- 1.98%
- 6M
- 7.21%
- YTD
- 12.57%
- 1Y
- 26.28%
- 3Y*
- 16.54%
- 5Y*
- 9.66%
- 10Y*
- 9.69%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEPIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | -0.59% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
FSPSX Fidelity International Index Fund | 12.57% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Correlation
The correlation between FEPIX and FSPSX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.05 |
Over the past year, FEPIX and FSPSX have become more correlated (0.40) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
FEPIX vs. FSPSX — Risk / Return Rank
FEPIX
FSPSX
FEPIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEPIX | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.20 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.70 | 8.33 | -5.62 |
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Drawdowns
FEPIX vs. FSPSX - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FEPIX and FSPSX.
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Drawdown Indicators
| FEPIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -33.69% | +15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -11.39% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -13.58% | +8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -29.41% | +11.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -33.69% | +15.29% |
Current DrawdownCurrent decline from peak | -2.43% | 0.00% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -6.49% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.00% | -1.83% |
Volatility
FEPIX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Total Bond Fund (FEPIX) is 0.93%, while Fidelity International Index Fund (FSPSX) has a volatility of 4.57%. This indicates that FEPIX 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
| FEPIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 4.57% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 13.22% | -10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 15.52% | -11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 16.12% | -10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 16.29% | -11.55% |
FEPIX vs. FSPSX - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Dividends
FEPIX vs. FSPSX - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 3.98%, more than FSPSX's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 3.98% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
FSPSX Fidelity International Index Fund | 2.80% | 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
FEPIX and FSPSX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPSX has higher volatility (4.57%) compared to FEPIX (0.93%). In terms of maximum drawdown, FEPIX dropped -18.40% vs FSPSX's -33.69%.
FSPSX currently has the higher Sharpe Ratio (1.62 vs 0.84), 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.
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