FIQZX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) and Fidelity International Index Fund (FSPSX).
FIQZX 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
FIQZX vs. FSPSX - Performance Comparison
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FIQZX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQZX Fidelity Advisor Intermediate Municipal Income Fund Class Z | -0.91% | 6.10% | 1.69% | 5.56% | -6.70% | 0.87% | 4.60% | 6.39% | 2.16% |
FSPSX Fidelity International Index Fund | -1.94% | 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, FIQZX achieves a -0.91% return, which is significantly higher than FSPSX's -1.94% return.
FIQZX
- 1D
- 0.10%
- 1M
- -2.87%
- YTD
- -0.91%
- 6M
- 0.52%
- 1Y
- 4.30%
- 3Y*
- 3.29%
- 5Y*
- 1.33%
- 10Y*
- —
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FIQZX vs. FSPSX - Expense Ratio Comparison
FIQZX has a 0.27% expense ratio, which is higher than FSPSX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FIQZX vs. FSPSX — Risk / Return Rank
FIQZX
FSPSX
FIQZX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) 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.
| FIQZX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.11 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.56 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.54 | -0.07 |
Martin ratioReturn relative to average drawdown | 5.75 | 5.93 | -0.18 |
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
| FIQZX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.11 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.51 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.46 | +0.27 |
Correlation
The correlation between FIQZX and FSPSX is 0.06, 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
FIQZX vs. FSPSX - Dividend Comparison
FIQZX's dividend yield for the trailing twelve months is around 2.92%, less than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQZX Fidelity Advisor Intermediate Municipal Income Fund Class Z | 2.92% | 3.78% | 2.96% | 2.47% | 1.58% | 1.70% | 2.23% | 2.44% | 0.65% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FIQZX vs. FSPSX - Drawdown Comparison
The maximum FIQZX drawdown since its inception was -10.85%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIQZX and FSPSX.
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Drawdown Indicators
| FIQZX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.85% | -33.69% | +22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -11.39% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -10.85% | -29.41% | +18.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -2.87% | -10.86% | +7.99% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -6.59% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.96% | -2.05% |
Volatility
FIQZX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) is 0.98%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FIQZX 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
| FIQZX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 7.04% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 10.63% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 16.79% | -13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 15.77% | -12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 16.47% | -12.91% |