FGSMX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class C (FGSMX) and Fidelity International Index Fund (FSPSX).
FGSMX is managed by Fidelity. It was launched on Dec 4, 2018. 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
FGSMX vs. FSPSX - Performance Comparison
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FGSMX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGSMX Fidelity Advisor High Income Fund Class C | -1.02% | 8.71% | 8.28% | 9.98% | -13.86% | 2.76% | 1.26% | 13.21% | -2.73% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -4.02% |
Returns By Period
In the year-to-date period, FGSMX achieves a -1.02% return, which is significantly higher than FSPSX's -1.94% return.
FGSMX
- 1D
- 0.00%
- 1M
- -2.33%
- YTD
- -1.02%
- 6M
- 0.14%
- 1Y
- 7.01%
- 3Y*
- 7.65%
- 5Y*
- 2.70%
- 10Y*
- —
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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FGSMX vs. FSPSX - Expense Ratio Comparison
FGSMX has a 1.76% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FGSMX vs. FSPSX — Risk / Return Rank
FGSMX
FSPSX
FGSMX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class C (FGSMX) 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.
| FGSMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 1.11 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.61 | 1.56 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.54 | +0.55 |
Martin ratioReturn relative to average drawdown | 9.08 | 5.93 | +3.15 |
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
| FGSMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.11 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.51 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.46 | +0.06 |
Correlation
The correlation between FGSMX and FSPSX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FGSMX vs. FSPSX - Dividend Comparison
FGSMX's dividend yield for the trailing twelve months is around 5.05%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSMX Fidelity Advisor High Income Fund Class C | 5.05% | 5.40% | 5.06% | 4.39% | 3.08% | 3.18% | 3.69% | 4.08% | 0.80% | 0.00% | 0.00% | 0.00% |
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
FGSMX vs. FSPSX - Drawdown Comparison
The maximum FGSMX drawdown since its inception was -22.51%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FGSMX and FSPSX.
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Drawdown Indicators
| FGSMX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.51% | -33.69% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -11.39% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.99% | -29.41% | +12.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -2.33% | -10.86% | +8.53% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -6.59% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.96% | -2.20% |
Volatility
FGSMX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Fund Class C (FGSMX) is 1.26%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FGSMX 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
| FGSMX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 7.04% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 10.63% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 16.79% | -12.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 15.77% | -10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 16.47% | -10.08% |