FLFAX vs. FSPSX

Last updated Aug 6, 2026

FLFAX (Fidelity Advisor Latin America Fund Class A) and FSPSX (Fidelity International Index Fund) are both mutual funds - FLFAX is a Latin America Equities fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FLFAX charges 1.33%/yr vs 0.04%/yr for FSPSX.

Performance

FLFAX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Latin America Fund Class A (FLFAX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLFAX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FSPSX

• 1D: 1.17%
• 1M: 1.84%
• 6M: 7.49%
• YTD: 13.72%
• 1Y: 25.95%
• 3Y*: 18.05%
• 5Y*: 9.55%
• 10Y*: 9.79%
• ALL TIME*: 8.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSPSX Fidelity International Index Fund	$0.00	$0.00	$0.00

FLFAX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	-19.27%	23.58%	1.05%	-15.81%	-20.81%	40.23%	-10.73%	30.08%
FSPSX Fidelity International Index Fund	13.72%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Correlation

The correlation between FLFAX and FSPSX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011	0.55

The correlation between FLFAX and FSPSX shifts across timeframes, from 0.33 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLFAX vs. FSPSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLFAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FSPSX

FSPSX Risk / Return Rank: 54
FSPSX Sharpe Ratio Rank: 56
FSPSX Sortino Ratio Rank: 54
FSPSX Omega Ratio Rank: 51
FSPSX Calmar Ratio Rank: 54
FSPSX Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLFAX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Latin America Fund Class A (FLFAX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLFAX	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.38	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.29	—
Martin ratio: Return relative to average drawdown	—	8.67	—

Drawdowns

Drawdown Indicators

	FLFAX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.69%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-6.49%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.00%	—

Volatility

Volatility by Period

	FLFAX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.50%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.13%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.30%	—

FLFAX vs. FSPSX - Expense Ratio Comparison

FLFAX has a 1.33% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

Dividends

FLFAX vs. FSPSX - Dividend Comparison

FLFAX has not paid dividends to shareholders, while FSPSX's dividend yield for the trailing twelve months is around 2.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLFAX Fidelity Advisor Latin America Fund Class A	0.00%	0.00%	2.16%	3.91%	8.88%	2.44%	0.01%	2.03%	1.96%	1.18%	2.23%	1.86%
FSPSX Fidelity International Index Fund	2.77%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%

Frequently Asked Questions

Can I hold both FLFAX and FSPSX in my portfolio?

FLFAX and FSPSX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.