FSAEX vs. FSPSX

Last updated Jun 24, 2026

FSAEX (Fidelity Series All-Sector Equity Fund) and FSPSX (Fidelity International Index Fund) are both mutual funds - FSAEX is a Large Cap Blend Equities fund managed by Fidelity, while FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index. Over the past 10 years, FSAEX returned 16.98%/yr vs 10.29%/yr for FSPSX. A 0.76 correlation means they provide meaningful diversification when combined. FSAEX charges 0.00%/yr vs 0.04%/yr for FSPSX.

Performance

FSAEX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series All-Sector Equity Fund (FSAEX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FSAEX having a 10.96% return and FSPSX slightly lower at 10.74%. Over the past 10 years, FSAEX has outperformed FSPSX with an annualized return of 16.98%, while FSPSX has yielded a comparatively lower 10.29% annualized return.

FSAEX

• 1D: -0.59%
• 1M: 1.21%
• YTD: 10.96%
• 6M: 9.78%
• 1Y: 27.21%
• 3Y*: 23.62%
• 5Y*: 14.62%
• 10Y*: 16.98%

FSPSX

• 1D: 0.18%
• 1M: 2.11%
• YTD: 10.74%
• 6M: 10.40%
• 1Y: 24.77%
• 3Y*: 17.73%
• 5Y*: 9.39%
• 10Y*: 10.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSAEX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSAEX Fidelity Series All-Sector Equity Fund	10.96%	19.80%	26.86%	30.61%	-18.55%	26.89%	26.23%	32.18%	-6.56%	21.64%
FSPSX Fidelity International Index Fund	10.74%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Correlation

The correlation between FSAEX and FSPSX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011	0.76

The correlation between FSAEX and FSPSX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

Return for Risk

FSAEX vs. FSPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSAEX

FSAEX Risk / Return Rank: 62
FSAEX Sharpe Ratio Rank: 61
FSAEX Sortino Ratio Rank: 56
FSAEX Omega Ratio Rank: 56
FSAEX Calmar Ratio Rank: 63
FSAEX Martin Ratio Rank: 72

FSPSX

FSPSX Risk / Return Rank: 39
FSPSX Sharpe Ratio Rank: 40
FSPSX Sortino Ratio Rank: 38
FSPSX Omega Ratio Rank: 38
FSPSX Calmar Ratio Rank: 39
FSPSX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSAEX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FSAEX	FSPSX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.69	+0.43
Sortino ratio: Return per unit of downside risk	2.87	2.39	+0.48
Omega ratio: Gain probability vs. loss probability	1.38	1.31	+0.07
Calmar ratio: Return relative to maximum drawdown	2.90	2.26	+0.64
Martin ratio: Return relative to average drawdown	12.84	8.48	+4.36

FSAEX vs. FSPSX - Sharpe Ratio Comparison

The current FSAEX Sharpe Ratio is 2.12, which is comparable to the FSPSX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FSAEX and FSPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSAEX vs. FSPSX - Drawdown Comparison

The maximum FSAEX drawdown since its inception was -34.55%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FSAEX and FSPSX.

Drawdown Indicators

	FSAEX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.55%	-33.69%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-11.39%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-19.87%	-13.58%	-6.29%
Max Drawdown (5Y) Largest decline over 5 years	-24.66%	-29.41%	+4.75%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-33.69%	-0.86%
Current Drawdown Current decline from peak	-1.76%	0.00%	-1.76%
Average Drawdown Average peak-to-trough decline	-4.55%	-6.53%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	3.04%	-0.82%

Volatility

FSAEX vs. FSPSX - Volatility Comparison

Fidelity Series All-Sector Equity Fund (FSAEX) has a higher volatility of 5.24% compared to Fidelity International Index Fund (FSPSX) at 4.77%. This indicates that FSAEX'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.

Volatility by Period

	FSAEX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	4.77%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	12.68%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	15.26%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.07%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	16.53%	+2.33%

FSAEX vs. FSPSX - Expense Ratio Comparison

FSAEX has a 0.00% expense ratio, which is lower than FSPSX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSAEX vs. FSPSX - Dividend Comparison

FSAEX's dividend yield for the trailing twelve months is around 7.55%, more than FSPSX's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSAEX Fidelity Series All-Sector Equity Fund	7.55%	7.36%	8.95%	5.50%	11.89%	20.94%	12.13%	8.60%	41.30%	14.60%	17.85%	9.61%
FSPSX Fidelity International Index Fund	2.85%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%

Frequently Asked Questions

Can I hold both FSAEX and FSPSX in my portfolio?

FSAEX and FSPSX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSAEX or FSPSX?

FSAEX has higher volatility (5.24%) compared to FSPSX (4.77%). In terms of maximum drawdown, FSAEX dropped -34.55% vs FSPSX's -33.69%.

Which has better risk-adjusted returns?

FSAEX currently has the higher Sharpe Ratio (2.12 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.