FSPSX vs. FCSSX
FSPSX (Fidelity International Index Fund) and FCSSX (Fidelity Series Commodity Strategy Fund) are both mutual funds - FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while FCSSX is a Commodities fund managed by Fidelity. Over the past 10 years, FSPSX returned 9.45%/yr vs 6.53%/yr for FCSSX. At a 0.33 correlation, their price movements are largely independent. FSPSX charges 0.04%/yr vs 0.00%/yr for FCSSX.
Performance
FSPSX vs. FCSSX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPSX achieves a 9.51% return, which is significantly lower than FCSSX's 21.09% return. Over the past 10 years, FSPSX has outperformed FCSSX with an annualized return of 9.45%, while FCSSX has yielded a comparatively lower 6.53% annualized return.
FSPSX
- 1D
- 0.41%
- 1M
- 4.06%
- YTD
- 9.51%
- 6M
- 12.14%
- 1Y
- 22.52%
- 3Y*
- 17.23%
- 5Y*
- 8.91%
- 10Y*
- 9.45%
FCSSX
- 1D
- 0.31%
- 1M
- -1.32%
- YTD
- 21.09%
- 6M
- 21.06%
- 1Y
- 32.62%
- 3Y*
- 14.44%
- 5Y*
- 11.27%
- 10Y*
- 6.53%
FSPSX vs. FCSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 9.51% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
FCSSX Fidelity Series Commodity Strategy Fund | 21.09% | 15.43% | 5.36% | -8.25% | 18.11% | 27.59% | -3.11% | 7.41% | -12.10% | 0.92% |
Correlation
The correlation between FSPSX and FCSSX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.33 |
Over the past year, the correlation between FSPSX and FCSSX has dropped to 0.03 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
FSPSX vs. FCSSX — Risk / Return Rank
FSPSX
FCSSX
FSPSX vs. FCSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Fidelity Series Commodity Strategy Fund (FCSSX). 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.
| FSPSX | FCSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.55 | -2.65 |
| Martin ratioReturn relative to average drawdown | 7.16 | 11.93 | -4.77 |
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
| FSPSX | FCSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.32 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.71 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.46 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.10 | +0.40 |
Drawdowns
FSPSX vs. FCSSX - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, smaller than the maximum FCSSX drawdown of -66.04%. Use the drawdown chart below to compare losses from any high point for FSPSX and FCSSX.
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Drawdown Indicators
| FSPSX | FCSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -66.04% | +32.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -7.21% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -11.43% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -24.07% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.37% | -0.32% |
Current DrawdownCurrent decline from peak | -0.45% | -9.40% | +8.95% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -36.20% | +29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.74% | +0.29% |
Volatility
FSPSX vs. FCSSX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Fidelity Series Commodity Strategy Fund (FCSSX) have volatilities of 4.62% and 4.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPSX | FCSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.53% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.73% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 14.28% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 15.97% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 14.34% | +2.22% |
FSPSX vs. FCSSX - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is higher than FCSSX's 0.00% 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%.
Dividends
FSPSX vs. FCSSX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 2.88%, more than FCSSX's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSSX Fidelity Series Commodity Strategy Fund | 2.22% | 2.69% | 12.74% | 4.53% | 128.24% | 41.74% | 0.44% | 1.49% | 6.76% | 0.53% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 2.88% | 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
FSPSX and FCSSX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSPSX has higher volatility (4.62%) compared to FCSSX (4.53%). In terms of maximum drawdown, FSPSX dropped -33.69% vs FCSSX's -66.04%.
FCSSX currently has the higher Sharpe Ratio (2.32 vs 1.47), 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.
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