FSPSX vs. FSGGX
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and Fidelity Global ex U.S. Index Fund (FSGGX).
FSPSX is managed by Fidelity. It was launched on Nov 5, 1997. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPSX or FSGGX.
Key characteristics
| FSPSX | FSGGX | |
|---|---|---|
| YTD Return | 2.33% | 2.20% |
| 1Y Return | 9.58% | 9.64% |
| 3Y Return (Ann) | 2.79% | 0.24% |
| 5Y Return (Ann) | 6.12% | 4.89% |
| 10Y Return (Ann) | 4.42% | 3.86% |
| Sharpe Ratio | 0.74 | 0.67 |
| Daily Std Dev | 11.92% | 12.88% |
| Max Drawdown | -33.69% | -34.76% |
| Current Drawdown | -3.51% | -3.81% |
Correlation
The correlation between FSPSX and FSGGX is 0.97, 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
FSPSX vs. FSGGX - Performance Comparison
In the year-to-date period, FSPSX achieves a 2.33% return, which is significantly higher than FSGGX's 2.20% return. Over the past 10 years, FSPSX has outperformed FSGGX with an annualized return of 4.42%, while FSGGX has yielded a comparatively lower 3.86% 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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FSPSX vs. FSGGX - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is lower than FSGGX's 0.06% 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%.
Risk-Adjusted Performance
FSPSX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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. FSGGX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.11%, more than FSGGX's 2.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 3.11% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.89% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.31% | 2.11% | 2.44% | 2.61% | 3.42% |
Drawdowns
FSPSX vs. FSGGX - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, roughly equal to the maximum FSGGX drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FSPSX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
FSPSX vs. FSGGX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Fidelity Global ex U.S. Index Fund (FSGGX) have volatilities of 3.57% and 3.51%, 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.