FSPSX vs. VTPSX
FSPSX (Fidelity International Index Fund) and VTPSX (Vanguard Total International Stock Index Fund Institutional Plus Shares) are both Foreign Large Cap Equities funds. Over the past 10 years, FSPSX returned 9.45%/yr vs 9.89%/yr for VTPSX. With a 0.96 correlation, they move nearly in lockstep. FSPSX charges 0.04%/yr vs 0.07%/yr for VTPSX.
Performance
FSPSX vs. VTPSX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPSX achieves a 9.51% return, which is significantly lower than VTPSX's 15.42% return. Both investments have delivered pretty close results over the past 10 years, with FSPSX having a 9.45% annualized return and VTPSX not far ahead at 9.89%.
FSPSX
- 1D
- 0.41%
- 1M
- 4.06%
- YTD
- 9.51%
- 6M
- 12.14%
- 1Y
- 22.52%
- 3Y*
- 17.23%
- 5Y*
- 8.91%
- 10Y*
- 9.45%
VTPSX
- 1D
- 0.62%
- 1M
- 5.54%
- YTD
- 15.42%
- 6M
- 18.21%
- 1Y
- 33.40%
- 3Y*
- 19.84%
- 5Y*
- 8.85%
- 10Y*
- 9.89%
FSPSX vs. VTPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 9.51% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 15.42% | 32.25% | 5.39% | 15.31% | -15.99% | 8.64% | 11.29% | 21.57% | -14.40% | 27.56% |
Correlation
The correlation between FSPSX and VTPSX is 0.95 - 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.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011 | 0.96 |
The correlation between FSPSX and VTPSX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FSPSX vs. VTPSX — Risk / Return Rank
FSPSX
VTPSX
FSPSX vs. VTPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX). 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 | VTPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.92 | -1.01 |
| Martin ratioReturn relative to average drawdown | 7.16 | 11.53 | -4.37 |
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 | VTPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.32 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.59 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.62 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Drawdowns
FSPSX vs. VTPSX - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, smaller than the maximum VTPSX drawdown of -35.77%. Use the drawdown chart below to compare losses from any high point for FSPSX and VTPSX.
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Drawdown Indicators
| FSPSX | VTPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -35.77% | +2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.29% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -13.14% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -29.54% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -35.77% | +2.08% |
Current DrawdownCurrent decline from peak | -0.45% | 0.00% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -8.05% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.85% | +0.18% |
Volatility
FSPSX vs. VTPSX - Volatility Comparison
Fidelity International Index Fund (FSPSX) and Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) have volatilities of 4.62% and 4.79%, 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 | VTPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.79% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.90% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 14.21% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 15.03% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 15.93% | +0.63% |
FSPSX vs. VTPSX - Expense Ratio Comparison
FSPSX has a 0.04% expense ratio, which is lower than VTPSX'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%.
Dividends
FSPSX vs. VTPSX - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 2.88%, more than VTPSX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 2.88% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 2.63% | 3.18% | 3.37% | 3.25% | 3.09% | 3.09% | 2.13% | 3.08% | 3.20% | 2.77% | 2.97% | 2.89% |
Frequently Asked Questions
With a correlation of 0.95, FSPSX and VTPSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTPSX has higher volatility (4.79%) compared to FSPSX (4.62%). In terms of maximum drawdown, FSPSX dropped -33.69% vs VTPSX's -35.77%.
VTPSX currently has the higher Sharpe Ratio (2.32 vs 1.47), 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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