FSPSX vs. FZILX
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and Fidelity ZERO International Index Fund (FZILX).
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. FZILX is managed by Fidelity.
Performance
FSPSX vs. FZILX - Performance Comparison
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FSPSX vs. FZILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -9.78% |
FZILX Fidelity ZERO International Index Fund | -0.81% | 33.52% | 5.32% | 16.28% | -15.96% | 8.19% | 11.06% | 21.69% | -9.38% |
Returns By Period
In the year-to-date period, FSPSX achieves a -1.94% return, which is significantly lower than FZILX's -0.81% return.
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
FZILX
- 1D
- -0.14%
- 1M
- -11.08%
- YTD
- -0.81%
- 6M
- 3.98%
- 1Y
- 24.73%
- 3Y*
- 14.86%
- 5Y*
- 7.32%
- 10Y*
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FSPSX vs. FZILX - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is higher than FZILX'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%.
Return for Risk
FSPSX vs. FZILX — Risk / Return Rank
FSPSX
FZILX
FSPSX vs. FZILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Fidelity ZERO International Index Fund (FZILX). 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 | FZILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.47 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.98 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.97 | -0.42 |
Martin ratioReturn relative to average drawdown | 5.93 | 7.73 | -1.80 |
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 | FZILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.47 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.48 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.47 | -0.01 |
Correlation
The correlation between FSPSX and FZILX is 0.96, 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.
Dividends
FSPSX vs. FZILX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.22%, more than FZILX's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
FZILX Fidelity ZERO International Index Fund | 2.70% | 2.67% | 3.00% | 2.98% | 2.71% | 2.61% | 1.64% | 2.37% | 0.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSPSX vs. FZILX - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, roughly equal to the maximum FZILX drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FSPSX and FZILX.
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Drawdown Indicators
| FSPSX | FZILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -34.37% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.24% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -29.87% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | — | — |
Current DrawdownCurrent decline from peak | -10.86% | -11.24% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -6.80% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.86% | +0.10% |
Volatility
FSPSX vs. FZILX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Fidelity ZERO International Index Fund (FZILX) have volatilities of 7.04% and 7.19%, 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 | FZILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 7.19% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 10.87% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 16.21% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 15.27% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 17.27% | -0.80% |