FPADX vs. FSPSX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and Fidelity International Index Fund (FSPSX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or FSPSX.
Key characteristics
| FPADX | FSPSX | |
|---|---|---|
| YTD Return | 15.52% | 11.62% |
| 1Y Return | 24.78% | 24.50% |
| 3Y Return (Ann) | -1.01% | 4.51% |
| 5Y Return (Ann) | 4.78% | 7.76% |
| 10Y Return (Ann) | 3.93% | 6.34% |
| Sharpe Ratio | 1.74 | 1.85 |
| Sortino Ratio | 2.49 | 2.64 |
| Omega Ratio | 1.31 | 1.33 |
| Calmar Ratio | 0.75 | 1.63 |
| Martin Ratio | 9.45 | 11.30 |
| Ulcer Index | 2.55% | 2.06% |
| Daily Std Dev | 13.89% | 12.59% |
| Max Drawdown | -39.16% | -33.69% |
| Current Drawdown | -12.49% | -2.35% |
Correlation
The correlation between FPADX and FSPSX is 0.75, 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.
Performance
FPADX vs. FSPSX - Performance Comparison
In the year-to-date period, FPADX achieves a 15.52% return, which is significantly higher than FSPSX's 11.62% return. Over the past 10 years, FPADX has underperformed FSPSX with an annualized return of 3.93%, while FSPSX has yielded a comparatively higher 6.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPADX vs. FSPSX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is higher than FSPSX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FPADX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) 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.
Dividends
FPADX vs. FSPSX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.32%, less than FSPSX's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.32% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% | 2.15% |
FSPSX Fidelity International Index Fund | 2.85% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
Drawdowns
FPADX vs. FSPSX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FPADX and FSPSX. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. FSPSX - Volatility Comparison
Fidelity Emerging Markets Index Fund (FPADX) has a higher volatility of 5.61% compared to Fidelity International Index Fund (FSPSX) at 4.01%. This indicates that FPADX's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.