FIQKX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Value Fund Class Z (FIQKX) and Fidelity International Index Fund (FSPSX).
FIQKX 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
FIQKX vs. FSPSX - Performance Comparison
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FIQKX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQKX Fidelity Advisor International Value Fund Class Z | -1.49% | 43.69% | 5.00% | 19.30% | -7.79% | 14.97% | 3.45% | 19.10% | -10.92% |
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, FIQKX achieves a -1.49% return, which is significantly lower than FSPSX's 0.95% return.
FIQKX
- 1D
- 0.87%
- 1M
- -9.20%
- YTD
- -1.49%
- 6M
- 4.13%
- 1Y
- 24.39%
- 3Y*
- 18.87%
- 5Y*
- 11.89%
- 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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FIQKX vs. FSPSX - Expense Ratio Comparison
FIQKX has a 0.89% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIQKX vs. FSPSX — Risk / Return Rank
FIQKX
FSPSX
FIQKX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Value Fund Class Z (FIQKX) 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.
| FIQKX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.39 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.90 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.94 | -0.17 |
Martin ratioReturn relative to average drawdown | 7.40 | 7.43 | -0.03 |
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
| FIQKX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.39 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.53 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.47 | +0.06 |
Correlation
The correlation between FIQKX 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.
Dividends
FIQKX vs. FSPSX - Dividend Comparison
FIQKX's dividend yield for the trailing twelve months is around 2.48%, less than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQKX Fidelity Advisor International Value Fund Class Z | 2.48% | 2.44% | 2.49% | 2.20% | 1.96% | 4.41% | 1.82% | 3.68% | 3.52% | 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
FIQKX vs. FSPSX - Drawdown Comparison
The maximum FIQKX drawdown since its inception was -38.64%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQKX and FSPSX.
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Drawdown Indicators
| FIQKX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -33.69% | -4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -11.39% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.46% | -29.41% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -9.26% | -8.22% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -6.60% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.97% | -0.03% |
Volatility
FIQKX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor International Value Fund Class Z (FIQKX) is 7.07%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FIQKX 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
| FIQKX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 7.65% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 11.01% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 17.00% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 15.82% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 16.49% | +2.81% |