FSHBX vs. FSPSX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Fidelity International Index Fund (FSPSX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. 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
FSHBX vs. FSPSX - Performance Comparison
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FSHBX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | -0.08% | 5.49% | 4.73% | 5.35% | -3.86% | -0.92% | 3.59% | 4.20% | 1.21% | 1.16% |
FSPSX Fidelity International Index Fund | 0.95% | 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, FSHBX achieves a -0.08% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FSHBX has underperformed FSPSX with an annualized return of 2.10%, while FSPSX has yielded a comparatively higher 8.97% annualized return.
FSHBX
- 1D
- 0.12%
- 1M
- -0.70%
- YTD
- -0.08%
- 6M
- 0.93%
- 1Y
- 3.58%
- 3Y*
- 4.63%
- 5Y*
- 2.17%
- 10Y*
- 2.10%
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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FSHBX vs. FSPSX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FSHBX vs. FSPSX — Risk / Return Rank
FSHBX
FSPSX
FSHBX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) 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.
| FSHBX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.39 | +0.43 |
Sortino ratioReturn per unit of downside risk | 3.13 | 1.90 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.94 | +1.54 |
Martin ratioReturn relative to average drawdown | 13.53 | 7.43 | +6.09 |
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
| FSHBX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.39 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.53 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.55 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 0.47 | +1.02 |
Correlation
The correlation between FSHBX and FSPSX is 0.02, 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
FSHBX vs. FSPSX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 3.88%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 3.88% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
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
FSHBX vs. FSPSX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -8.80%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FSHBX and FSPSX.
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Drawdown Indicators
| FSHBX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -33.69% | +24.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -11.39% | +10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -6.36% | -29.41% | +23.05% |
Max Drawdown (10Y)Largest decline over 10 years | -6.51% | -33.69% | +27.18% |
Current DrawdownCurrent decline from peak | -0.82% | -8.22% | +7.40% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -6.60% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 2.97% | -2.67% |
Volatility
FSHBX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.60%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FSHBX 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
| FSHBX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 7.65% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 11.01% | -9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 17.00% | -14.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 15.82% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 16.49% | -14.65% |