FSPSX vs. IVV
FSPSX (Fidelity International Index Fund) and IVV (iShares Core S&P 500 ETF) are both funds - FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FSPSX returned 10.29%/yr vs 15.58%/yr for IVV. A 0.76 correlation means they provide meaningful diversification when combined. FSPSX charges 0.04%/yr vs 0.03%/yr for IVV.
Performance
FSPSX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, FSPSX achieves a 10.74% return, which is significantly higher than IVV's 8.20% return. Over the past 10 years, FSPSX has underperformed IVV with an annualized return of 10.29%, while IVV has yielded a comparatively higher 15.58% annualized return.
FSPSX
- 1D
- 0.18%
- 1M
- 2.11%
- YTD
- 10.74%
- 6M
- 10.40%
- 1Y
- 24.77%
- 3Y*
- 17.73%
- 5Y*
- 9.39%
- 10Y*
- 10.29%
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
FSPSX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 10.74% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
IVV iShares Core S&P 500 ETF | 8.20% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between FSPSX and IVV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011 | 0.76 |
The correlation between FSPSX and IVV has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
FSPSX vs. IVV — Risk / Return Rank
FSPSX
IVV
FSPSX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and iShares Core S&P 500 ETF (IVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSPSX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.68 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.48 | 11.98 | -3.50 |
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Drawdowns
FSPSX vs. IVV - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FSPSX and IVV.
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Drawdown Indicators
| FSPSX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -55.25% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -8.89% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -18.75% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -24.53% | -4.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.90% | +0.21% |
Current DrawdownCurrent decline from peak | 0.00% | -3.14% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.76% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.99% | +1.05% |
Volatility
FSPSX vs. IVV - Volatility Comparison
Fidelity International Index Fund (FSPSX) and iShares Core S&P 500 ETF (IVV) have volatilities of 4.77% and 4.88%, 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 | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.88% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 9.85% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 12.48% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 16.98% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 18.07% | -1.54% |
FSPSX vs. IVV - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 2.85%, more than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 2.85% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
FSPSX and IVV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.88%) compared to FSPSX (4.77%). In terms of maximum drawdown, FSPSX dropped -33.69% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.91 vs 1.69), 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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