FMSCX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Fidelity International Index Fund (FSPSX).
FMSCX 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
FMSCX vs. FSPSX - Performance Comparison
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FMSCX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | -0.13% | 8.25% | 0.29% | 4.54% | -12.63% | -1.17% | 4.27% | 6.17% | 0.74% | 2.30% |
FSPSX Fidelity International Index Fund | -1.94% | 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, FMSCX achieves a -0.13% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FMSCX has underperformed FSPSX with an annualized return of 1.11%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FMSCX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.13%
- 6M
- 1.31%
- 1Y
- 4.83%
- 3Y*
- 3.44%
- 5Y*
- -0.20%
- 10Y*
- 1.11%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FMSCX vs. FSPSX - Expense Ratio Comparison
FMSCX has a 0.51% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FMSCX vs. FSPSX — Risk / Return Rank
FMSCX
FSPSX
FMSCX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) 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.
| FMSCX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.11 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.56 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.54 | +0.42 |
Martin ratioReturn relative to average drawdown | 5.53 | 5.93 | -0.40 |
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
| FMSCX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.11 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.51 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.53 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.46 | +0.39 |
Correlation
The correlation between FMSCX 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
FMSCX vs. FSPSX - Dividend Comparison
FMSCX's dividend yield for the trailing twelve months is around 3.48%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | 3.48% | 3.78% | 3.42% | 3.18% | 1.37% | 0.75% | 2.26% | 2.37% | 2.53% | 2.55% | 2.60% | 2.00% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FMSCX vs. FSPSX - Drawdown Comparison
The maximum FMSCX drawdown since its inception was -18.90%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FMSCX and FSPSX.
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Drawdown Indicators
| FMSCX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -33.69% | +14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -11.39% | +8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -29.41% | +10.74% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -33.69% | +14.79% |
Current DrawdownCurrent decline from peak | -2.35% | -10.86% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -6.59% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.96% | -1.89% |
Volatility
FMSCX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) is 1.58%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FMSCX 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
| FMSCX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 7.04% | -5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 10.63% | -8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 16.79% | -12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 15.77% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 16.47% | -11.37% |