Correlation
The correlation between FKIDX and FSPSX is 0.75, 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.
FKIDX vs. FSPSX
Compare and contrast key facts about Fidelity Diversified International K6 Fund (FKIDX) and Fidelity International Index Fund (FSPSX).
FKIDX is managed by Fidelity. It was launched on May 25, 2017. 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: FKIDX or FSPSX.
Performance
FKIDX vs. FSPSX - Performance Comparison
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Key characteristics
FKIDX:
0.74
FSPSX:
0.88
FKIDX:
1.01
FSPSX:
1.20
FKIDX:
1.14
FSPSX:
1.16
FKIDX:
0.84
FSPSX:
0.99
FKIDX:
2.78
FSPSX:
2.87
FKIDX:
4.35%
FSPSX:
4.68%
FKIDX:
18.60%
FSPSX:
16.69%
FKIDX:
-35.00%
FSPSX:
-33.69%
FKIDX:
-0.85%
FSPSX:
-0.43%
Returns By Period
In the year-to-date period, FKIDX achieves a 15.25% return, which is significantly lower than FSPSX's 17.65% return.
FKIDX
15.25%
3.36%
11.50%
12.63%
10.97%
9.98%
N/A
FSPSX
17.65%
3.31%
14.32%
13.24%
11.70%
11.59%
6.10%
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FKIDX vs. FSPSX - Expense Ratio Comparison
FKIDX has a 0.60% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
FKIDX vs. FSPSX — Risk-Adjusted Performance Rank
FKIDX
FSPSX
FKIDX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International K6 Fund (FKIDX) 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
FKIDX vs. FSPSX - Dividend Comparison
FKIDX's dividend yield for the trailing twelve months is around 1.92%, less than FSPSX's 2.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKIDX Fidelity Diversified International K6 Fund | 1.92% | 2.22% | 1.55% | 0.84% | 0.97% | 0.61% | 2.46% | 1.38% | 0.19% | 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
FKIDX vs. FSPSX - Drawdown Comparison
The maximum FKIDX drawdown since its inception was -35.00%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FKIDX and FSPSX.
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Volatility
FKIDX vs. FSPSX - Volatility Comparison
Fidelity Diversified International K6 Fund (FKIDX) and Fidelity International Index Fund (FSPSX) have volatilities of 3.19% and 3.06%, 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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