FSPSX vs. IEFA
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and iShares Core MSCI EAFE ETF (IEFA).
FSPSX is managed by Fidelity. It was launched on Nov 5, 1997. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSPSX or IEFA.
Key characteristics
| FSPSX | IEFA | |
|---|---|---|
| YTD Return | 4.73% | 4.29% |
| 1Y Return | 12.02% | 11.39% |
| 3Y Return (Ann) | 3.75% | 2.78% |
| 5Y Return (Ann) | 6.60% | 6.25% |
| 10Y Return (Ann) | 4.67% | 4.70% |
| Sharpe Ratio | 0.97 | 0.89 |
| Daily Std Dev | 12.00% | 12.59% |
| Max Drawdown | -33.69% | -34.78% |
| Current Drawdown | -1.26% | -1.42% |
Correlation
The correlation between FSPSX and IEFA 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. IEFA - Performance Comparison
In the year-to-date period, FSPSX achieves a 4.73% return, which is significantly higher than IEFA's 4.29% return. Both investments have delivered pretty close results over the past 10 years, with FSPSX having a 4.67% annualized return and IEFA not far ahead at 4.70%. 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. IEFA - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is lower than IEFA's 0.07% 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. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and iShares Core MSCI EAFE ETF (IEFA). 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. IEFA - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.04%, which matches IEFA's 3.07% 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% |
IEFA iShares Core MSCI EAFE ETF | 3.07% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
FSPSX vs. IEFA - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, roughly equal to the maximum IEFA drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for FSPSX and IEFA. For additional features, visit the drawdowns tool.
Volatility
FSPSX vs. IEFA - Volatility Comparison
Fidelity International Index Fund (FSPSX) and iShares Core MSCI EAFE ETF (IEFA) have volatilities of 3.84% and 3.89%, 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.