FSPSX vs. FZILX
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and Fidelity ZERO International Index Fund (FZILX).
FSPSX is managed by Fidelity. It was launched on Nov 5, 1997. FZILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPSX or FZILX.
Key characteristics
| FSPSX | FZILX | |
|---|---|---|
| YTD Return | 4.73% | 4.61% |
| 1Y Return | 12.02% | 12.57% |
| 3Y Return (Ann) | 3.75% | 1.49% |
| 5Y Return (Ann) | 6.60% | 5.69% |
| Sharpe Ratio | 0.97 | 0.96 |
| Daily Std Dev | 12.00% | 13.07% |
| Max Drawdown | -33.69% | -34.37% |
| Current Drawdown | -1.26% | -0.98% |
Correlation
The correlation between FSPSX and FZILX 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. FZILX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSPSX having a 4.73% return and FZILX slightly lower at 4.61%. 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. 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%.
Risk-Adjusted Performance
FSPSX vs. FZILX - Risk-Adjusted Performance 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.
Dividends
FSPSX vs. FZILX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.04%, more than FZILX's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 3.04% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
FZILX Fidelity ZERO International Index Fund | 2.85% | 2.98% | 2.71% | 2.61% | 1.64% | 2.83% | 0.66% | 0.00% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
FSPSX vs. FZILX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Fidelity ZERO International Index Fund (FZILX) have volatilities of 3.84% and 3.98%, 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.