FIDKX vs. FSPSX
Compare and contrast key facts about Fidelity International Discovery Fund Class K (FIDKX) and Fidelity International Index Fund (FSPSX).
FIDKX is managed by Fidelity. It was launched on May 9, 2008. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIDKX or FSPSX.
Correlation
The correlation between FIDKX and FSPSX is 0.95, 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.
Performance
FIDKX vs. FSPSX - Performance Comparison
Key characteristics
FIDKX:
-0.32
FSPSX:
-0.23
FIDKX:
-0.32
FSPSX:
-0.20
FIDKX:
0.96
FSPSX:
0.97
FIDKX:
-0.26
FSPSX:
-0.26
FIDKX:
-1.32
FSPSX:
-0.78
FIDKX:
4.07%
FSPSX:
4.52%
FIDKX:
16.64%
FSPSX:
15.19%
FIDKX:
-56.79%
FSPSX:
-33.69%
FIDKX:
-20.93%
FSPSX:
-13.34%
Returns By Period
In the year-to-date period, FIDKX achieves a -6.75% return, which is significantly lower than FSPSX's -2.82% return. Over the past 10 years, FIDKX has underperformed FSPSX with an annualized return of 2.35%, while FSPSX has yielded a comparatively higher 4.21% annualized return.
FIDKX
-6.75%
-13.82%
-11.05%
-5.93%
5.64%
2.35%
FSPSX
-2.82%
-13.01%
-9.35%
-3.80%
9.38%
4.21%
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FIDKX vs. FSPSX - Expense Ratio Comparison
FIDKX has a 0.90% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
FIDKX vs. FSPSX — Risk-Adjusted Performance Rank
FIDKX
FSPSX
FIDKX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund Class K (FIDKX) 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.
Dividends
FIDKX vs. FSPSX - Dividend Comparison
FIDKX's dividend yield for the trailing twelve months is around 3.23%, less than FSPSX's 3.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDKX Fidelity International Discovery Fund Class K | 3.23% | 3.01% | 2.02% | 0.47% | 3.08% | 0.55% | 1.82% | 1.49% | 1.22% | 1.83% | 1.19% | 0.82% |
FSPSX Fidelity International Index Fund | 3.37% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.36% | 2.99% | 2.79% | 3.53% |
Drawdowns
FIDKX vs. FSPSX - Drawdown Comparison
The maximum FIDKX drawdown since its inception was -56.79%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIDKX and FSPSX. For additional features, visit the drawdowns tool.
Volatility
FIDKX vs. FSPSX - Volatility Comparison
Fidelity International Discovery Fund Class K (FIDKX) has a higher volatility of 9.24% compared to Fidelity International Index Fund (FSPSX) at 8.06%. This indicates that FIDKX'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.