Correlation
The correlation between FIQTX and FSPSX is 0.79, 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.
FIQTX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Fidelity International Index Fund (FSPSX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQTX or FSPSX.
Performance
FIQTX vs. FSPSX - Performance Comparison
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Key characteristics
FIQTX:
1.05
FSPSX:
0.81
FIQTX:
1.42
FSPSX:
1.08
FIQTX:
1.20
FSPSX:
1.15
FIQTX:
1.00
FSPSX:
0.88
FIQTX:
3.85
FSPSX:
2.56
FIQTX:
1.81%
FSPSX:
4.68%
FIQTX:
6.89%
FSPSX:
16.74%
FIQTX:
-28.49%
FSPSX:
-33.69%
FIQTX:
-0.99%
FSPSX:
-0.31%
Returns By Period
In the year-to-date period, FIQTX achieves a 1.43% return, which is significantly lower than FSPSX's 16.76% return.
FIQTX
1.43%
2.73%
0.74%
6.99%
8.26%
8.98%
N/A
FSPSX
16.76%
5.33%
15.50%
12.74%
12.18%
12.53%
6.02%
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FIQTX vs. FSPSX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
FIQTX vs. FSPSX — Risk-Adjusted Performance Rank
FIQTX
FSPSX
FIQTX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) 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.
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Dividends
FIQTX vs. FSPSX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.99%, more than FSPSX's 2.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.99% | 5.05% | 5.22% | 8.57% | 5.51% | 3.81% | 4.59% | 2.55% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 2.48% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% |
Drawdowns
FIQTX vs. FSPSX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQTX and FSPSX.
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Volatility
FIQTX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) is 1.73%, while Fidelity International Index Fund (FSPSX) has a volatility of 2.79%. This indicates that FIQTX 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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