FMGAX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Fidelity International Index Fund (FSPSX).
FMGAX is managed by Fidelity. It was launched on Mar 3, 1997. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FMGAX vs. FSPSX - Performance Comparison
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FMGAX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | -0.07% | 7.92% | 0.07% | 4.27% | -12.82% | -1.52% | 4.06% | 6.05% | 0.43% | 1.91% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FMGAX achieves a -0.07% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FMGAX has underperformed FSPSX with an annualized return of 0.85%, while FSPSX has yielded a comparatively higher 8.97% annualized return.
FMGAX
- 1D
- 0.51%
- 1M
- -2.07%
- YTD
- -0.07%
- 6M
- 1.32%
- 1Y
- 4.73%
- 3Y*
- 3.21%
- 5Y*
- -0.43%
- 10Y*
- 0.85%
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FMGAX vs. FSPSX - Expense Ratio Comparison
FMGAX has a 0.79% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FMGAX vs. FSPSX — Risk / Return Rank
FMGAX
FSPSX
FMGAX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) 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.
| FMGAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.39 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.90 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.94 | -0.09 |
Martin ratioReturn relative to average drawdown | 5.30 | 7.43 | -2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMGAX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.39 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.53 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.55 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.47 | +0.30 |
Correlation
The correlation between FMGAX and FSPSX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FMGAX vs. FSPSX - Dividend Comparison
FMGAX's dividend yield for the trailing twelve months is around 3.29%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.29% | 3.57% | 3.19% | 2.92% | 1.14% | 0.48% | 2.06% | 2.25% | 2.22% | 2.26% | 2.28% | 1.72% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FMGAX vs. FSPSX - Drawdown Comparison
The maximum FMGAX drawdown since its inception was -19.51%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FMGAX and FSPSX.
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Drawdown Indicators
| FMGAX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -33.69% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -11.39% | +8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.18% | -29.41% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | -33.69% | +14.18% |
Current DrawdownCurrent decline from peak | -3.46% | -8.22% | +4.76% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -6.60% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.97% | -1.87% |
Volatility
FMGAX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) is 1.57%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FMGAX experiences smaller price fluctuations and is considered to be less risky 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
| FMGAX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 7.65% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 11.01% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 17.00% | -12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 15.82% | -9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 16.49% | -11.39% |