FITFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Flex International Index Fund (FITFX) and S&P 500 Index (^GSPC).

FITFX is managed by Fidelity. It was launched on Mar 9, 2017.

Performance

FITFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex International Index Fund (FITFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FITFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FITFX Fidelity Flex International Index Fund	2.15%	33.21%	5.37%	15.45%	-15.72%	7.76%	10.77%	21.44%	-13.97%	21.09%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	13.06%

Returns By Period

In the year-to-date period, FITFX achieves a 2.15% return, which is significantly higher than ^GSPC's -3.95% return.

FITFX

• 1D: 3.01%
• 1M: -6.91%
• YTD: 2.15%
• 6M: 6.52%
• 1Y: 27.50%
• 3Y*: 15.68%
• 5Y*: 7.46%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FITFX vs. ^GSPC — Risk / Return Rank

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

FITFX

FITFX Risk / Return Rank: 85
FITFX Sharpe Ratio Rank: 86
FITFX Sortino Ratio Rank: 85
FITFX Omega Ratio Rank: 84
FITFX Calmar Ratio Rank: 87
FITFX Martin Ratio Rank: 84

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FITFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex International Index Fund (FITFX) and S&P 500 Index (^GSPC). 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.

	FITFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.92	+0.82
Sortino ratio Return per unit of downside risk	2.31	1.41	+0.89
Omega ratio Gain probability vs. loss probability	1.35	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.28	1.41	+0.87
Martin ratio Return relative to average drawdown	8.81	6.61	+2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FITFX vs. ^GSPC - Sharpe Ratio Comparison

The current FITFX Sharpe Ratio is 1.73, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FITFX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FITFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.92	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.61	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.46	+0.07

Correlation

The correlation between FITFX and ^GSPC is 0.76, 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.

Drawdowns

FITFX vs. ^GSPC - Drawdown Comparison

The maximum FITFX drawdown since its inception was -34.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FITFX and ^GSPC.

Drawdown Indicators

	FITFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-34.84%	-56.78%	+21.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-12.14%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.74%	-25.43%	-4.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-8.55%	-5.78%	-2.77%
Average Drawdown Average peak-to-trough decline	-7.54%	-10.75%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.60%	+0.31%

Volatility

FITFX vs. ^GSPC - Volatility Comparison

Fidelity Flex International Index Fund (FITFX) has a higher volatility of 7.98% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that FITFX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FITFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	5.37%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	9.55%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.42%	18.33%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	16.90%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	18.05%	-1.74%