FIQIX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and Fidelity International Index Fund (FSPSX).
FIQIX 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
FIQIX vs. FSPSX - Performance Comparison
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FIQIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | -0.19% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
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, FIQIX achieves a -0.19% return, which is significantly lower than FSPSX's 0.95% return.
FIQIX
- 1D
- 2.36%
- 1M
- -6.50%
- YTD
- -0.19%
- 6M
- 1.69%
- 1Y
- 18.18%
- 3Y*
- 11.24%
- 5Y*
- 5.47%
- 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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FIQIX vs. FSPSX - Expense Ratio Comparison
FIQIX has a 0.89% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIQIX vs. FSPSX — Risk / Return Rank
FIQIX
FSPSX
FIQIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) 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.
| FIQIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.39 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.90 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.94 | -0.32 |
Martin ratioReturn relative to average drawdown | 5.88 | 7.43 | -1.56 |
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
| FIQIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.39 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.53 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.47 | +0.05 |
Correlation
The correlation between FIQIX and FSPSX is 0.91, 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
FIQIX vs. FSPSX - Dividend Comparison
FIQIX's dividend yield for the trailing twelve months is around 3.69%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.69% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 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
FIQIX vs. FSPSX - Drawdown Comparison
The maximum FIQIX drawdown since its inception was -36.61%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQIX and FSPSX.
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Drawdown Indicators
| FIQIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -33.69% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -11.39% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -30.95% | -29.41% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -8.29% | -8.22% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -6.60% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.97% | -0.02% |
Volatility
FIQIX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) is 6.19%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FIQIX 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
| FIQIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.65% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 11.01% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 17.00% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 15.82% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 16.49% | -1.36% |