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FITMX vs. FSPSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FITMX and FSPSX is 0.72, 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.


Performance

FITMX vs. FSPSX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FITMX:

0.97

FSPSX:

0.88

Sortino Ratio

FITMX:

1.29

FSPSX:

1.19

Omega Ratio

FITMX:

1.18

FSPSX:

1.16

Calmar Ratio

FITMX:

1.14

FSPSX:

0.99

Martin Ratio

FITMX:

3.65

FSPSX:

2.87

Ulcer Index

FITMX:

4.39%

FSPSX:

4.68%

Daily Std Dev

FITMX:

18.31%

FSPSX:

16.73%

Max Drawdown

FITMX:

-34.68%

FSPSX:

-33.69%

Current Drawdown

FITMX:

-0.85%

FSPSX:

-0.43%

Returns By Period

In the year-to-date period, FITMX achieves a 19.94% return, which is significantly higher than FSPSX's 17.65% return.


FITMX

YTD

19.94%

1M

5.82%

6M

16.32%

1Y

17.05%

3Y*

14.20%

5Y*

12.08%

10Y*

N/A

FSPSX

YTD

17.65%

1M

4.72%

6M

14.32%

1Y

14.57%

3Y*

11.70%

5Y*

11.59%

10Y*

6.10%

*Annualized

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FITMX vs. FSPSX - Expense Ratio Comparison

FITMX has a 0.18% 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%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FITMX vs. FSPSX — Risk-Adjusted Performance Rank

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

FITMX
The Risk-Adjusted Performance Rank of FITMX is 7474
Overall Rank
The Sharpe Ratio Rank of FITMX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of FITMX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of FITMX is 7272
Omega Ratio Rank
The Calmar Ratio Rank of FITMX is 8282
Calmar Ratio Rank
The Martin Ratio Rank of FITMX is 7575
Martin Ratio Rank

FSPSX
The Risk-Adjusted Performance Rank of FSPSX is 6868
Overall Rank
The Sharpe Ratio Rank of FSPSX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of FSPSX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of FSPSX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of FSPSX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of FSPSX is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FITMX vs. FSPSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Momentum Index Fund (FITMX) 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.


The current FITMX Sharpe Ratio is 0.97, which is comparable to the FSPSX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FITMX 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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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FITMX vs. FSPSX - Dividend Comparison

FITMX's dividend yield for the trailing twelve months is around 2.92%, more than FSPSX's 2.46% yield.


TTM20242023202220212020201920182017201620152014
FITMX
Fidelity SAI International Momentum Index Fund
2.92%3.50%3.39%2.42%2.52%1.11%0.00%0.00%0.00%0.00%0.00%0.00%
FSPSX
Fidelity International Index Fund
2.46%3.27%2.79%2.66%3.07%1.84%3.18%2.79%2.50%3.08%2.79%3.53%

Drawdowns

FITMX vs. FSPSX - Drawdown Comparison

The maximum FITMX drawdown since its inception was -34.68%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FITMX and FSPSX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FITMX vs. FSPSX - Volatility Comparison

Fidelity SAI International Momentum Index Fund (FITMX) and Fidelity International Index Fund (FSPSX) have volatilities of 3.30% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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