FIQGX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) and Fidelity International Index Fund (FSPSX).
FIQGX 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
FIQGX vs. FSPSX - Performance Comparison
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FIQGX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 7.30% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
FSPSX Fidelity International Index Fund | 2.58% | 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, FIQGX achieves a 7.30% return, which is significantly higher than FSPSX's 2.58% return.
FIQGX
- 1D
- 1.08%
- 1M
- -1.58%
- YTD
- 7.30%
- 6M
- 13.23%
- 1Y
- 37.53%
- 3Y*
- 16.21%
- 5Y*
- 8.21%
- 10Y*
- —
FSPSX
- 1D
- 1.61%
- 1M
- -1.87%
- YTD
- 2.58%
- 6M
- 6.46%
- 1Y
- 24.69%
- 3Y*
- 15.22%
- 5Y*
- 8.71%
- 10Y*
- 9.14%
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FIQGX vs. FSPSX - Expense Ratio Comparison
FIQGX has a 1.05% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIQGX vs. FSPSX — Risk / Return Rank
FIQGX
FSPSX
FIQGX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) 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.
| FIQGX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.67 | 1.47 | +1.19 |
Sortino ratioReturn per unit of downside risk | 3.31 | 2.01 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.23 | +1.73 |
Martin ratioReturn relative to average drawdown | 15.23 | 8.47 | +6.76 |
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
| FIQGX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 1.47 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.55 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.48 | +0.18 |
Correlation
The correlation between FIQGX and FSPSX is 0.74, 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
FIQGX vs. FSPSX - Dividend Comparison
FIQGX's dividend yield for the trailing twelve months is around 4.54%, more than FSPSX's 3.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.54% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 3.07% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FIQGX vs. FSPSX - Drawdown Comparison
The maximum FIQGX drawdown since its inception was -38.41%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQGX and FSPSX.
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Drawdown Indicators
| FIQGX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -33.69% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -11.39% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.36% | -29.41% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -6.84% | -6.74% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -6.60% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.00% | -0.41% |
Volatility
FIQGX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) is 5.94%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.30%. This indicates that FIQGX 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
| FIQGX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 7.30% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 11.09% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 17.03% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 15.83% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 16.50% | +0.27% |