FFRIX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Fidelity International Index Fund (FSPSX).
FFRIX 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
FFRIX vs. FSPSX - Performance Comparison
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FFRIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.73% | 5.54% | 7.07% | 11.63% | -1.58% | 5.06% | 1.64% | 8.47% | 0.13% | 3.86% |
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, FFRIX achieves a -0.73% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FFRIX has underperformed FSPSX with an annualized return of 4.85%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FFRIX
- 1D
- -0.11%
- 1M
- 0.00%
- YTD
- -0.73%
- 6M
- 0.64%
- 1Y
- 4.50%
- 3Y*
- 6.70%
- 5Y*
- 4.98%
- 10Y*
- 4.85%
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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FFRIX vs. FSPSX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FFRIX vs. FSPSX — Risk / Return Rank
FFRIX
FSPSX
FFRIX 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 I (FFRIX) 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.
| FFRIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.11 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.07 | 1.56 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.54 | +0.15 |
Martin ratioReturn relative to average drawdown | 8.29 | 5.93 | +2.37 |
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
| FFRIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.11 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 0.51 | +1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 0.53 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.46 | +0.75 |
Correlation
The correlation between FFRIX and FSPSX is 0.30, 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
FFRIX vs. FSPSX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 6.72%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.72% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
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
FFRIX vs. FSPSX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.12%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FFRIX and FSPSX.
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Drawdown Indicators
| FFRIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -33.69% | +11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -11.39% | +8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -5.92% | -29.41% | +23.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -33.69% | +11.57% |
Current DrawdownCurrent decline from peak | -0.86% | -10.86% | +10.00% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -6.59% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.96% | -2.38% |
Volatility
FFRIX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 0.71%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FFRIX 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
| FFRIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 7.04% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 10.63% | -8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 16.79% | -13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 15.77% | -12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 16.47% | -12.33% |