FSPSX vs. EEMV
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV).
FSPSX is managed by Fidelity. It was launched on Nov 5, 1997. EEMV is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPSX or EEMV.
Performance
FSPSX vs. EEMV - Performance Comparison
Returns By Period
In the year-to-date period, FSPSX achieves a 4.37% return, which is significantly lower than EEMV's 8.31% return. Over the past 10 years, FSPSX has outperformed EEMV with an annualized return of 5.04%, while EEMV has yielded a comparatively lower 2.45% annualized return.
FSPSX
4.37%
-4.17%
-2.17%
10.74%
5.77%
5.04%
EEMV
8.31%
-3.28%
4.90%
12.76%
3.04%
2.45%
Key characteristics
| FSPSX | EEMV | |
|---|---|---|
| Sharpe Ratio | 0.87 | 1.30 |
| Sortino Ratio | 1.28 | 1.87 |
| Omega Ratio | 1.16 | 1.23 |
| Calmar Ratio | 1.23 | 0.93 |
| Martin Ratio | 3.80 | 6.23 |
| Ulcer Index | 2.87% | 1.98% |
| Daily Std Dev | 12.47% | 9.48% |
| Max Drawdown | -33.69% | -31.56% |
| Current Drawdown | -8.70% | -5.92% |
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FSPSX vs. EEMV - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is lower than EEMV's 0.25% 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%.
Correlation
The correlation between FSPSX and EEMV 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.
Risk-Adjusted Performance
FSPSX vs. EEMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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
FSPSX vs. EEMV - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.05%, more than EEMV's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 3.05% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.36% | 2.99% | 2.79% | 3.53% | 2.59% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.83% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% | 2.71% | 2.51% |
Drawdowns
FSPSX vs. EEMV - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for FSPSX and EEMV. For additional features, visit the drawdowns tool.
Volatility
FSPSX vs. EEMV - Volatility Comparison
Fidelity International Index Fund (FSPSX) has a higher volatility of 3.71% compared to iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) at 3.03%. This indicates that FSPSX's price experiences larger fluctuations and is considered to be riskier than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.