FFRAX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fidelity International Index Fund (FSPSX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. 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
FFRAX vs. FSPSX - Performance Comparison
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FFRAX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | -0.77% | 5.28% | 6.83% | 11.35% | -1.77% | 4.83% | 1.38% | 8.19% | -0.09% | 3.52% |
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, FFRAX achieves a -0.77% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FFRAX has underperformed FSPSX with an annualized return of 4.61%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FFRAX
- 1D
- -0.11%
- 1M
- -0.00%
- YTD
- -0.77%
- 6M
- 0.54%
- 1Y
- 4.27%
- 3Y*
- 6.49%
- 5Y*
- 4.74%
- 10Y*
- 4.61%
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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FFRAX vs. FSPSX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FFRAX vs. FSPSX — Risk / Return Rank
FFRAX
FSPSX
FFRAX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) 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.
| FFRAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.11 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.56 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.54 | +0.06 |
Martin ratioReturn relative to average drawdown | 7.82 | 5.93 | +1.90 |
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
| FFRAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.11 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.68 | 0.51 | +1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.53 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.46 | +0.69 |
Correlation
The correlation between FFRAX and FSPSX is 0.31, 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
FFRAX vs. FSPSX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 6.48%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 6.48% | 7.12% | 6.69% | 7.24% | 3.57% | 2.47% | 3.56% | 4.86% | 4.42% | 3.77% | 4.14% | 3.42% |
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
FFRAX vs. FSPSX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.21%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FFRAX and FSPSX.
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Drawdown Indicators
| FFRAX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -33.69% | +11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -11.39% | +8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -29.41% | +23.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.21% | -33.69% | +11.48% |
Current DrawdownCurrent decline from peak | -0.88% | -10.86% | +9.98% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -6.59% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.96% | -2.38% |
Volatility
FFRAX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.70%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FFRAX 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
| FFRAX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 7.04% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 10.63% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 16.79% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 15.77% | -12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 16.47% | -12.35% |