FGWMX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor New Markets Income Fund Class M (FGWMX) and Fidelity International Index Fund (FSPSX).
FGWMX 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
FGWMX vs. FSPSX - Performance Comparison
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FGWMX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | -0.99% | 14.45% | 6.57% | 13.55% | -16.26% | -2.61% | 4.21% | 10.65% | 0.12% |
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, FGWMX achieves a -0.99% return, which is significantly higher than FSPSX's -1.94% return.
FGWMX
- 1D
- -0.07%
- 1M
- -3.70%
- YTD
- -0.99%
- 6M
- 2.62%
- 1Y
- 10.33%
- 3Y*
- 10.57%
- 5Y*
- 3.25%
- 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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FGWMX vs. FSPSX - Expense Ratio Comparison
FGWMX has a 1.13% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FGWMX vs. FSPSX — Risk / Return Rank
FGWMX
FSPSX
FGWMX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Markets Income Fund Class M (FGWMX) 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.
| FGWMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.11 | +0.94 |
Sortino ratioReturn per unit of downside risk | 2.87 | 1.56 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.23 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.54 | +0.50 |
Martin ratioReturn relative to average drawdown | 9.06 | 5.93 | +3.13 |
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
| FGWMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.11 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 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 | 0.49 | 0.46 | +0.03 |
Correlation
The correlation between FGWMX and FSPSX is 0.39, 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
FGWMX vs. FSPSX - Dividend Comparison
FGWMX's dividend yield for the trailing twelve months is around 4.40%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGWMX Fidelity Advisor New Markets Income Fund Class M | 4.40% | 4.80% | 4.42% | 4.86% | 3.69% | 3.21% | 3.76% | 4.56% | 0.40% | 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
FGWMX vs. FSPSX - Drawdown Comparison
The maximum FGWMX drawdown since its inception was -27.35%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FGWMX and FSPSX.
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Drawdown Indicators
| FGWMX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -33.69% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -11.39% | +6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -29.41% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -3.80% | -10.86% | +7.06% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -6.59% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.96% | -1.79% |
Volatility
FGWMX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor New Markets Income Fund Class M (FGWMX) is 1.77%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FGWMX 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
| FGWMX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 7.04% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 10.63% | -7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 16.79% | -11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 15.77% | -9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 16.47% | -9.17% |