FMSDX vs. FSPSX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity International Index Fund (FSPSX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. 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
FMSDX vs. FSPSX - Performance Comparison
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FMSDX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 1.82% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -15.45% |
Returns By Period
In the year-to-date period, FMSDX achieves a 1.82% return, which is significantly higher than FSPSX's 0.95% return.
FMSDX
- 1D
- 1.49%
- 1M
- -5.08%
- YTD
- 1.82%
- 6M
- 1.32%
- 1Y
- 17.87%
- 3Y*
- 10.34%
- 5Y*
- 6.05%
- 10Y*
- —
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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FMSDX vs. FSPSX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FMSDX vs. FSPSX — Risk / Return Rank
FMSDX
FSPSX
FMSDX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) 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.
| FMSDX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.39 | +0.17 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.90 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.94 | +0.44 |
Martin ratioReturn relative to average drawdown | 8.94 | 7.43 | +1.50 |
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
| FMSDX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.39 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.53 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.47 | +0.39 |
Correlation
The correlation between FMSDX and FSPSX is 0.74, 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.
Dividends
FMSDX vs. FSPSX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.48%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.48% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
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
FMSDX vs. FSPSX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FMSDX and FSPSX.
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Drawdown Indicators
| FMSDX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -33.69% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -11.39% | +3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -29.41% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -5.08% | -8.22% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -6.60% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.97% | -0.85% |
Volatility
FMSDX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 4.29%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FMSDX 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
| FMSDX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 7.65% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 11.01% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 17.00% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 15.82% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 16.49% | -5.87% |