FHCIX vs. FSPSX

Last updated Jul 17, 2026

FHCIX (Fidelity Advisor Health Care Fund Class I) and FSPSX (Fidelity International Index Fund) are both mutual funds - FHCIX is a Health & Biotech Equities fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FHCIX returned 9.92%/yr vs 9.67%/yr for FSPSX. A 0.60 correlation means they provide meaningful diversification when combined. FHCIX charges 0.71%/yr vs 0.04%/yr for FSPSX.

Performance

FHCIX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Health Care Fund Class I (FHCIX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FHCIX having a 10.72% return and FSPSX slightly higher at 10.82%. Both investments have delivered pretty close results over the past 10 years, with FHCIX having a 9.92% annualized return and FSPSX not far behind at 9.67%.

FHCIX

• 1D: 0.35%
• 1M: 11.15%
• 6M: 8.78%
• YTD: 10.72%
• 1Y: 31.87%
• 3Y*: 10.57%
• 5Y*: 4.34%
• 10Y*: 9.92%

FSPSX

• 1D: 0.63%
• 1M: 0.33%
• 6M: 7.12%
• YTD: 10.82%
• 1Y: 23.09%
• 3Y*: 16.16%
• 5Y*: 9.61%
• 10Y*: 9.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHCIX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHCIX Fidelity Advisor Health Care Fund Class I	10.72%	14.48%	4.22%	4.07%	-12.84%	11.53%	21.40%	28.22%	7.51%	24.38%
FSPSX Fidelity International Index Fund	10.82%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Correlation

The correlation between FHCIX and FSPSX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011	0.60

The correlation between FHCIX and FSPSX shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FHCIX vs. FSPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHCIX

FHCIX Risk / Return Rank: 63
FHCIX Sharpe Ratio Rank: 74
FHCIX Sortino Ratio Rank: 77
FHCIX Omega Ratio Rank: 61
FHCIX Calmar Ratio Rank: 64
FHCIX Martin Ratio Rank: 37

FSPSX

FSPSX Risk / Return Rank: 45
FSPSX Sharpe Ratio Rank: 46
FSPSX Sortino Ratio Rank: 45
FSPSX Omega Ratio Rank: 44
FSPSX Calmar Ratio Rank: 45
FSPSX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHCIX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Health Care Fund Class I (FHCIX) 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.

	FHCIX	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.52	+0.44
Sortino ratio: Return per unit of downside risk	2.92	2.16	+0.76
Omega ratio: Gain probability vs. loss probability	1.33	1.27	+0.05
Calmar ratio: Return relative to maximum drawdown	2.49	2.06	+0.43
Martin ratio: Return relative to average drawdown	6.57	7.69	-1.12

FHCIX vs. FSPSX - Sharpe Ratio Comparison

The current FHCIX Sharpe Ratio is 1.96, which is comparable to the FSPSX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FHCIX and FSPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHCIX vs. FSPSX - Drawdown Comparison

The maximum FHCIX drawdown since its inception was -44.75%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FHCIX and FSPSX.

Drawdown Indicators

	FHCIX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-44.75%	-33.69%	-11.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.37%	-11.39%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-17.38%	-13.58%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-29.41%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	-33.69%	+4.45%
Current Drawdown Current decline from peak	-2.43%	-0.75%	-1.68%
Average Drawdown Average peak-to-trough decline	-9.17%	-6.51%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	3.05%	+2.01%

Volatility

FHCIX vs. FSPSX - Volatility Comparison

Fidelity Advisor Health Care Fund Class I (FHCIX) has a higher volatility of 5.32% compared to Fidelity International Index Fund (FSPSX) at 4.17%. This indicates that FHCIX's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHCIX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	4.17%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	13.36%	13.09%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.06%	15.50%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	16.10%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	16.27%	+2.53%

FHCIX vs. FSPSX - Expense Ratio Comparison

FHCIX has a 0.71% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

Dividends

FHCIX vs. FSPSX - Dividend Comparison

FHCIX's dividend yield for the trailing twelve months is around 10.44%, more than FSPSX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHCIX Fidelity Advisor Health Care Fund Class I	10.44%	11.56%	10.92%	0.00%	0.00%	5.64%	5.72%	0.48%	4.65%	0.06%	0.00%	6.29%
FSPSX Fidelity International Index Fund	2.85%	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

Can I hold both FHCIX and FSPSX in my portfolio?

FHCIX and FSPSX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHCIX or FSPSX?

FHCIX has higher volatility (5.32%) compared to FSPSX (4.17%). In terms of maximum drawdown, FHCIX dropped -44.75% vs FSPSX's -33.69%.

Which has better risk-adjusted returns?

FHCIX currently has the higher Sharpe Ratio (1.96 vs 1.52), 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.