FHLFX vs. FSPSX
FHLFX (Fidelity Series International Index Fund) and FSPSX (Fidelity International Index Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FHLFX returned 9.60%/yr vs 9.66%/yr for FSPSX. Their 0.99 correlation means they have historically moved very closely together. FHLFX charges 0.01%/yr vs 0.04%/yr for FSPSX.
Performance
FHLFX vs. FSPSX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FHLFX at 12.57% and FSPSX at 12.57%.
FHLFX
- 1D
- 2.59%
- 1M
- 1.98%
- 6M
- 7.18%
- YTD
- 12.57%
- 1Y
- 26.19%
- 3Y*
- 16.52%
- 5Y*
- 9.60%
- 10Y*
- —
- ALL TIME*
- 9.44%
FSPSX
- 1D
- 2.56%
- 1M
- 1.98%
- 6M
- 7.21%
- YTD
- 12.57%
- 1Y
- 26.28%
- 3Y*
- 16.54%
- 5Y*
- 9.66%
- 10Y*
- 9.69%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHLFX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 12.57% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
FSPSX Fidelity International Index Fund | 12.57% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -11.59% |
Correlation
The correlation between FHLFX and FSPSX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.99 |
The correlation between FHLFX and FSPSX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FHLFX vs. FSPSX — Risk / Return Rank
FHLFX
FSPSX
FHLFX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Index Fund (FHLFX) 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.
| FHLFX | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.20 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.31 | 8.33 | -0.01 |
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Drawdowns
FHLFX vs. FSPSX - Drawdown Comparison
The maximum FHLFX drawdown since its inception was -33.58%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FHLFX and FSPSX.
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Drawdown Indicators
| FHLFX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.58% | -33.69% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -11.39% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.62% | -13.58% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.36% | -29.41% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -6.49% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.00% | 0.00% |
Volatility
FHLFX vs. FSPSX - Volatility Comparison
Fidelity Series International Index Fund (FHLFX) and Fidelity International Index Fund (FSPSX) have volatilities of 4.58% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHLFX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.57% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 13.22% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 15.52% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.12% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 16.29% | +1.33% |
FHLFX vs. FSPSX - Expense Ratio Comparison
FHLFX has a 0.01% expense ratio, which is lower than FSPSX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FHLFX vs. FSPSX - Dividend Comparison
FHLFX's dividend yield for the trailing twelve months is around 3.07%, more than FSPSX's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 3.07% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 2.80% | 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
With a correlation of 1.00, FHLFX and FSPSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FHLFX has higher volatility (4.58%) compared to FSPSX (4.57%). In terms of maximum drawdown, FHLFX dropped -33.58% vs FSPSX's -33.69%.
FSPSX currently has the higher Sharpe Ratio (1.62 vs 1.61), 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.
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