FSPSX vs. VEUPX
Compare and contrast key facts about Fidelity International Index Fund (FSPSX) and Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX).
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. VEUPX is managed by Vanguard. It was launched on Dec 5, 2014.
Performance
FSPSX vs. VEUPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPSX achieves a 1.92% return, which is significantly higher than VEUPX's 0.06% return. Both investments have delivered pretty close results over the past 10 years, with FSPSX having a 9.07% annualized return and VEUPX not far behind at 9.06%.
FSPSX
- 1D
- -0.64%
- 1M
- -3.40%
- YTD
- 1.92%
- 6M
- 4.99%
- 1Y
- 26.38%
- 3Y*
- 14.73%
- 5Y*
- 8.57%
- 10Y*
- 9.07%
VEUPX
- 1D
- -0.39%
- 1M
- -3.38%
- YTD
- 0.06%
- 6M
- 3.75%
- 1Y
- 23.51%
- 3Y*
- 14.47%
- 5Y*
- 8.94%
- 10Y*
- 9.06%
FSPSX vs. VEUPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 1.92% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares | 0.06% | 35.46% | 2.04% | 20.01% | -16.03% | 16.31% | 6.46% | 24.25% | -14.77% | 27.12% |
Correlation
The correlation between FSPSX and VEUPX is 0.96 — these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk. Consider pairing with a less correlated asset class instead.
FSPSX vs. VEUPX - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is lower than VEUPX'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%.
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Return for Risk
FSPSX vs. VEUPX — Risk / Return Rank
FSPSX
VEUPX
FSPSX vs. VEUPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX). 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 | VEUPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.28 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.76 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.85 | +0.27 |
Martin ratioReturn relative to average drawdown | 7.95 | 6.92 | +1.03 |
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 | VEUPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.28 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.52 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.50 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.38 | +0.10 |
Drawdowns
FSPSX vs. VEUPX - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, smaller than the maximum VEUPX drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for FSPSX and VEUPX.
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Drawdown Indicators
| FSPSX | VEUPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -36.83% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.96% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -32.69% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -36.83% | +3.14% |
Current DrawdownCurrent decline from peak | -7.34% | -7.62% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -8.44% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.20% | -0.16% |
Volatility
FSPSX vs. VEUPX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX) have volatilities of 7.24% and 7.08%, 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 | VEUPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 7.08% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 11.00% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 16.96% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 17.20% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 18.15% | -1.66% |
Dividends
FSPSX vs. VEUPX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 3.09%, more than VEUPX's 2.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 3.09% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares | 2.99% | 2.87% | 3.61% | 3.15% | 3.26% | 3.05% | 2.11% | 3.29% | 3.96% | 2.73% | 3.54% | 3.29% |