FIASX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class A (FIASX) and Fidelity International Index Fund (FSPSX).
FIASX is managed by Fidelity. It was launched on May 27, 2003. 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
FIASX vs. FSPSX - Performance Comparison
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FIASX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIASX Fidelity Advisor International Small Cap Fund Class A | -2.56% | 24.33% | -0.23% | 19.32% | -16.90% | 13.15% | 9.63% | 21.14% | -16.35% | 31.47% |
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, FIASX achieves a -2.56% return, which is significantly lower than FSPSX's -1.94% return. Over the past 10 years, FIASX has underperformed FSPSX with an annualized return of 7.74%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FIASX
- 1D
- -0.31%
- 1M
- -10.43%
- YTD
- -2.56%
- 6M
- -0.96%
- 1Y
- 15.55%
- 3Y*
- 9.97%
- 5Y*
- 4.79%
- 10Y*
- 7.74%
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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FIASX vs. FSPSX - Expense Ratio Comparison
FIASX has a 1.29% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIASX vs. FSPSX — Risk / Return Rank
FIASX
FSPSX
FIASX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class A (FIASX) 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.
| FIASX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.11 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.56 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.54 | -0.31 |
Martin ratioReturn relative to average drawdown | 4.51 | 5.93 | -1.42 |
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
| FIASX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.11 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.51 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.53 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.46 | +0.24 |
Correlation
The correlation between FIASX and FSPSX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIASX vs. FSPSX - Dividend Comparison
FIASX's dividend yield for the trailing twelve months is around 3.50%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIASX Fidelity Advisor International Small Cap Fund Class A | 3.50% | 3.41% | 2.40% | 1.67% | 0.42% | 7.18% | 0.56% | 2.11% | 5.95% | 2.51% | 2.46% | 2.85% |
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
FIASX vs. FSPSX - Drawdown Comparison
The maximum FIASX drawdown since its inception was -60.99%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIASX and FSPSX.
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Drawdown Indicators
| FIASX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.99% | -33.69% | -27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.39% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -29.41% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -33.69% | -5.47% |
Current DrawdownCurrent decline from peak | -10.43% | -10.86% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -6.59% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.96% | -0.01% |
Volatility
FIASX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class A (FIASX) is 5.74%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FIASX 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
| FIASX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 7.04% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 10.63% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 16.79% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 15.77% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 16.47% | -2.55% |