FIATX vs. SPYD

Last updated Jun 4, 2026

FIATX (Fidelity Advisor International Capital Appreciation Fund Class M) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both funds - FIATX is a Foreign Large Cap Equities fund managed by Fidelity, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Over the past 10 years, FIATX returned 9.76%/yr vs 8.59%/yr for SPYD. A 0.51 correlation means they provide meaningful diversification when combined. FIATX charges 1.49%/yr vs 0.07%/yr for SPYD.

Performance

FIATX vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 FIATX having a 9.93% return and SPYD slightly higher at 10.34%. Over the past 10 years, FIATX has outperformed SPYD with an annualized return of 9.76%, while SPYD has yielded a comparatively lower 8.59% annualized return.

FIATX

• 1D: 1.09%
• 1M: 5.80%
• YTD: 9.93%
• 6M: 12.33%
• 1Y: 13.24%
• 3Y*: 15.26%
• 5Y*: 6.69%
• 10Y*: 9.76%

SPYD

• 1D: -0.44%
• 1M: 1.57%
• YTD: 10.34%
• 6M: 10.97%
• 1Y: 16.38%
• 3Y*: 14.37%
• 5Y*: 6.76%
• 10Y*: 8.59%

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

FIATX vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIATX Fidelity Advisor International Capital Appreciation Fund Class M	9.93%	18.07%	7.49%	27.01%	-26.94%	11.67%	21.60%	32.08%	-13.28%	35.11%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	10.34%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%

Correlation

The correlation between FIATX and SPYD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 23, 2015	0.51

The correlation between FIATX and SPYD shifts across timeframes, from 0.37 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

FIATX vs. SPYD - Sectors Allocation Comparison

Sectors	FIATX	SPYD
Industrials	33.4%	2.3%
Financial Services	29.4%	12.1%
Technology	20.7%	2.7%
Basic Materials	6.6%	3.4%
Consumer Defensive	3.4%	16.3%
Consumer Cyclical	2.9%	6.5%
Utilities	2.2%	11.4%
Energy	1.5%	9.2%
Communication Services	1.5%	5.1%
Healthcare	1.5%	5.2%
Real Estate	-	25.8%

Return for Risk

FIATX vs. SPYD — Risk / Return Rank

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

FIATX

FIATX Risk / Return Rank: 10
FIATX Sharpe Ratio Rank: 9
FIATX Sortino Ratio Rank: 10
FIATX Omega Ratio Rank: 10
FIATX Calmar Ratio Rank: 9
FIATX Martin Ratio Rank: 11

SPYD

SPYD Risk / Return Rank: 41
SPYD Sharpe Ratio Rank: 39
SPYD Sortino Ratio Rank: 42
SPYD Omega Ratio Rank: 36
SPYD Calmar Ratio Rank: 46
SPYD Martin Ratio Rank: 41

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.

FIATX vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	FIATX	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.42	-0.66
Sortino ratio: Return per unit of downside risk	1.19	2.15	-0.96
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.10
Calmar ratio: Return relative to maximum drawdown	0.89	2.33	-1.44
Martin ratio: Return relative to average drawdown	3.37	6.77	-3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIATX vs. SPYD - Sharpe Ratio Comparison

The current FIATX Sharpe Ratio is 0.75, which is lower than the SPYD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FIATX and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIATX	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	1.42	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.42	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.44	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.47	-0.11

Drawdowns

FIATX vs. SPYD - Drawdown Comparison

The maximum FIATX drawdown since its inception was -68.05%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FIATX and SPYD.

Drawdown Indicators

	FIATX	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-46.42%	-21.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.52%	-7.05%	-7.47%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-16.13%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-37.53%	-22.25%	-15.28%
Max Drawdown (10Y) Largest decline over 10 years	-37.53%	-46.42%	+8.89%
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	-16.48%	-6.17%	-10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.43%	+1.41%

Volatility

FIATX vs. SPYD - Volatility Comparison

Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) has a higher volatility of 6.60% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 2.57%. This indicates that FIATX's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIATX	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	2.57%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	7.71%	+7.37%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	11.62%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	16.13%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	19.78%	-1.73%

FIATX vs. SPYD - Expense Ratio Comparison

FIATX has a 1.49% expense ratio, which is higher than SPYD's 0.07% expense ratio.

Dividends

FIATX vs. SPYD - Dividend Comparison

FIATX's dividend yield for the trailing twelve months is around 5.15%, more than SPYD's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIATX Fidelity Advisor International Capital Appreciation Fund Class M	5.15%	5.66%	0.35%	0.00%	0.00%	3.67%	0.00%	0.20%	0.00%	0.00%	0.00%	0.00%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.21%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both FIATX and SPYD in my portfolio?

FIATX and SPYD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIATX or SPYD?

FIATX has higher volatility (6.60%) compared to SPYD (2.57%). In terms of maximum drawdown, FIATX dropped -68.05% vs SPYD's -46.42%.

Which has better risk-adjusted returns?

SPYD currently has the higher Sharpe Ratio (1.42 vs 0.75), 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.