FIQSX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Fidelity International Index Fund (FSPSX).
FIQSX 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
FIQSX vs. FSPSX - Performance Comparison
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FIQSX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | -0.61% | 5.53% | 8.80% | 11.71% | -1.49% | 5.06% | 1.86% | 8.56% | -3.27% |
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, FIQSX achieves a -0.61% return, which is significantly lower than FSPSX's 0.95% return.
FIQSX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- -0.61%
- 6M
- 0.79%
- 1Y
- 4.71%
- 3Y*
- 7.33%
- 5Y*
- 5.37%
- 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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FIQSX vs. FSPSX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FIQSX vs. FSPSX — Risk / Return Rank
FIQSX
FSPSX
FIQSX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) 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.
| FIQSX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.39 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.90 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.28 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.94 | -0.06 |
Martin ratioReturn relative to average drawdown | 8.89 | 7.43 | +1.46 |
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
| FIQSX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.39 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 0.53 | +1.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.47 | +0.55 |
Correlation
The correlation between FIQSX and FSPSX is 0.31, 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
FIQSX vs. FSPSX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 6.80%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 6.80% | 7.47% | 8.40% | 7.55% | 3.86% | 2.79% | 3.90% | 5.20% | 1.37% | 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
FIQSX vs. FSPSX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQSX and FSPSX.
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Drawdown Indicators
| FIQSX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -33.69% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -11.39% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -29.41% | +23.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -0.82% | -8.22% | +7.40% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -6.60% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.97% | -2.39% |
Volatility
FIQSX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.56%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FIQSX 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
| FIQSX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 7.65% | -7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 11.01% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 17.00% | -13.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 15.82% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 16.49% | -11.82% |