FOPIX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) and Fidelity International Index Fund (FSPSX).
FOPIX is managed by Fidelity. It was launched on Aug 2, 2005. 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
FOPIX vs. FSPSX - Performance Comparison
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FOPIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | -4.85% | 25.00% | 4.06% | 16.88% | -28.91% | 17.64% | 19.57% | 29.11% | -14.14% | 34.68% |
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, FOPIX achieves a -4.85% return, which is significantly lower than FSPSX's -1.94% return. Over the past 10 years, FOPIX has underperformed FSPSX with an annualized return of 7.98%, while FSPSX has yielded a comparatively higher 8.65% annualized return.
FOPIX
- 1D
- -0.19%
- 1M
- -11.00%
- YTD
- -4.85%
- 6M
- -3.45%
- 1Y
- 16.08%
- 3Y*
- 10.36%
- 5Y*
- 3.98%
- 10Y*
- 7.98%
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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FOPIX vs. FSPSX - Expense Ratio Comparison
FOPIX has a 1.24% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FOPIX vs. FSPSX — Risk / Return Rank
FOPIX
FSPSX
FOPIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) 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.
| FOPIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.11 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.56 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.54 | -0.34 |
Martin ratioReturn relative to average drawdown | 4.16 | 5.93 | -1.77 |
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
| FOPIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.11 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.51 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.53 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.46 | -0.11 |
Correlation
The correlation between FOPIX and FSPSX is 0.88, 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
FOPIX vs. FSPSX - Dividend Comparison
FOPIX's dividend yield for the trailing twelve months is around 12.22%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 12.22% | 11.62% | 6.34% | 3.73% | 6.43% | 8.85% | 0.00% | 1.04% | 2.95% | 1.31% | 1.49% | 0.47% |
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
FOPIX vs. FSPSX - Drawdown Comparison
The maximum FOPIX drawdown since its inception was -72.69%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FOPIX and FSPSX.
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Drawdown Indicators
| FOPIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.69% | -33.69% | -39.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.39% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -29.41% | -11.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -33.69% | -7.06% |
Current DrawdownCurrent decline from peak | -11.00% | -10.86% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -18.61% | -6.59% | -12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.96% | +0.21% |
Volatility
FOPIX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) is 5.93%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FOPIX 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
| FOPIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 7.04% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 10.63% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 16.79% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 15.77% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 16.47% | -0.49% |