FIKPX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class Z (FIKPX) and Fidelity International Index Fund (FSPSX).
FIKPX is managed by Fidelity. It was launched on Oct 2, 2018. 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
FIKPX vs. FSPSX - Performance Comparison
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FIKPX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKPX Fidelity Advisor Government Income Fund Class Z | -0.01% | 6.66% | 0.72% | 3.93% | -13.01% | -2.17% | 6.88% | 6.50% | 3.03% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -7.49% |
Returns By Period
In the year-to-date period, FIKPX achieves a -0.01% return, which is significantly lower than FSPSX's 0.95% return.
FIKPX
- 1D
- 0.11%
- 1M
- -1.50%
- YTD
- -0.01%
- 6M
- 0.59%
- 1Y
- 3.15%
- 3Y*
- 2.72%
- 5Y*
- -0.35%
- 10Y*
- —
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FIKPX vs. FSPSX - Expense Ratio Comparison
FIKPX has a 0.36% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIKPX vs. FSPSX — Risk / Return Rank
FIKPX
FSPSX
FIKPX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class Z (FIKPX) 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.
| FIKPX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.39 | -0.57 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.90 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.94 | -0.53 |
Martin ratioReturn relative to average drawdown | 3.72 | 7.43 | -3.71 |
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
| FIKPX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.39 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.53 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.47 | -0.20 |
Correlation
The correlation between FIKPX and FSPSX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FIKPX vs. FSPSX - Dividend Comparison
FIKPX's dividend yield for the trailing twelve months is around 3.21%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKPX Fidelity Advisor Government Income Fund Class Z | 3.21% | 3.46% | 3.84% | 2.41% | 1.19% | 0.68% | 2.48% | 2.19% | 0.56% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FIKPX vs. FSPSX - Drawdown Comparison
The maximum FIKPX drawdown since its inception was -19.71%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIKPX and FSPSX.
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Drawdown Indicators
| FIKPX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -33.69% | +13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -11.39% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -29.41% | +11.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -6.41% | -8.22% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -6.60% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.97% | -1.90% |
Volatility
FIKPX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class Z (FIKPX) is 1.40%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FIKPX 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
| FIKPX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 7.65% | -6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 11.01% | -8.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 17.00% | -12.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 15.82% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 16.49% | -10.93% |