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FISZX vs. FSPSX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FISZX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI International SMA Completion Fund (FISZX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

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FISZX vs. FSPSX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
FISZX
Fidelity SAI International SMA Completion Fund
-0.80%31.77%3.61%15.83%-28.32%9.91%23.49%13.42%
FSPSX
Fidelity International Index Fund
-1.94%31.98%3.70%18.31%-14.23%11.45%8.16%8.98%

Returns By Period

In the year-to-date period, FISZX achieves a -0.80% return, which is significantly higher than FSPSX's -1.94% return.


FISZX

1D
0.07%
1M
-14.42%
YTD
-0.80%
6M
6.51%
1Y
23.52%
3Y*
13.57%
5Y*
4.31%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FISZX vs. FSPSX - Expense Ratio Comparison

FISZX has a 0.00% expense ratio, which is lower than FSPSX's 0.04% expense ratio. Despite the difference, 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

FISZX vs. FSPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FISZX
FISZX Risk / Return Rank: 6060
Overall Rank
FISZX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FISZX Sortino Ratio Rank: 6161
Sortino Ratio Rank
FISZX Omega Ratio Rank: 5757
Omega Ratio Rank
FISZX Calmar Ratio Rank: 5959
Calmar Ratio Rank
FISZX Martin Ratio Rank: 5858
Martin Ratio Rank

FSPSX
FSPSX Risk / Return Rank: 6464
Overall Rank
FSPSX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FSPSX Sortino Ratio Rank: 6262
Sortino Ratio Rank
FSPSX Omega Ratio Rank: 6060
Omega Ratio Rank
FSPSX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FSPSX Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FISZX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International SMA Completion Fund (FISZX) 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.


FISZXFSPSXDifference

Sharpe ratio

Return per unit of total volatility

1.12

1.11

+0.01

Sortino ratio

Return per unit of downside risk

1.55

1.56

0.00

Omega ratio

Gain probability vs. loss probability

1.22

1.23

0.00

Calmar ratio

Return relative to maximum drawdown

1.37

1.54

-0.17

Martin ratio

Return relative to average drawdown

5.59

5.93

-0.34

FISZX vs. FSPSX - Sharpe Ratio Comparison

The current FISZX Sharpe Ratio is 1.12, which is comparable to the FSPSX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FISZX and FSPSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FISZXFSPSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.12

1.11

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

0.51

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.46

0.00

Correlation

The correlation between FISZX and FSPSX is 0.89, 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

FISZX vs. FSPSX - Dividend Comparison

FISZX's dividend yield for the trailing twelve months is around 1.94%, less than FSPSX's 3.22% yield.


TTM20252024202320222021202020192018201720162015
FISZX
Fidelity SAI International SMA Completion Fund
1.94%1.92%2.55%1.89%1.37%6.08%0.90%0.27%0.00%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

FISZX vs. FSPSX - Drawdown Comparison

The maximum FISZX drawdown since its inception was -39.92%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FISZX and FSPSX.


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Drawdown Indicators


FISZXFSPSXDifference

Max Drawdown

Largest peak-to-trough decline

-39.92%

-33.69%

-6.23%

Max Drawdown (1Y)

Largest decline over 1 year

-14.48%

-11.39%

-3.09%

Max Drawdown (5Y)

Largest decline over 5 years

-39.92%

-29.41%

-10.51%

Max Drawdown (10Y)

Largest decline over 10 years

-33.69%

Current Drawdown

Current decline from peak

-14.42%

-10.86%

-3.56%

Average Drawdown

Average peak-to-trough decline

-12.61%

-6.59%

-6.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.55%

2.96%

+0.59%

Volatility

FISZX vs. FSPSX - Volatility Comparison

Fidelity SAI International SMA Completion Fund (FISZX) has a higher volatility of 9.22% compared to Fidelity International Index Fund (FSPSX) at 7.04%. This indicates that FISZX's price experiences larger fluctuations and is considered to be riskier 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


FISZXFSPSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.22%

7.04%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

13.50%

10.63%

+2.87%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

16.79%

+2.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.28%

15.77%

+1.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.00%

16.47%

+1.53%