FSPSX vs. VV
FSPSX (Fidelity International Index Fund) and VV (Vanguard Large-Cap ETF) are both funds - FSPSX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap Index. Both are passively managed. Over the past 10 years, FSPSX returned 10.05%/yr vs 15.72%/yr for VV. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.
Performance
FSPSX vs. VV - Performance Comparison
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Returns By Period
In the year-to-date period, FSPSX achieves a 9.52% return, which is significantly lower than VV's 10.70% return. Over the past 10 years, FSPSX has underperformed VV with an annualized return of 10.05%, while VV has yielded a comparatively higher 15.72% annualized return.
FSPSX
- 1D
- 0.54%
- 1M
- 3.21%
- YTD
- 9.52%
- 6M
- 10.37%
- 1Y
- 22.27%
- 3Y*
- 16.55%
- 5Y*
- 8.67%
- 10Y*
- 10.05%
VV
- 1D
- 1.77%
- 1M
- 2.25%
- YTD
- 10.70%
- 6M
- 11.24%
- 1Y
- 27.59%
- 3Y*
- 21.46%
- 5Y*
- 13.53%
- 10Y*
- 15.72%
FSPSX vs. VV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 9.52% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
VV Vanguard Large-Cap ETF | 10.70% | 18.11% | 25.25% | 27.18% | -19.91% | 27.41% | 21.04% | 31.25% | -4.46% | 22.00% |
Correlation
The correlation between FSPSX and VV 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 VV 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. VV — Risk / Return Rank
FSPSX
VV
FSPSX vs. VV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Index Fund (FSPSX) and Vanguard Large-Cap ETF (VV). 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 | VV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.01 | -1.19 |
| Martin ratioReturn relative to average drawdown | 6.79 | 13.39 | -6.60 |
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Drawdowns
FSPSX vs. VV - Drawdown Comparison
The maximum FSPSX drawdown since its inception was -33.69%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FSPSX and VV.
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Drawdown Indicators
| FSPSX | VV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -54.81% | +21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -9.21% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -18.97% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.41% | -25.66% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -34.28% | +0.59% |
Current DrawdownCurrent decline from peak | -0.43% | -0.71% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -6.83% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.07% | +0.98% |
Volatility
FSPSX vs. VV - Volatility Comparison
Fidelity International Index Fund (FSPSX) has a higher volatility of 5.21% compared to Vanguard Large-Cap ETF (VV) at 4.70%. This indicates that FSPSX's price experiences larger fluctuations and is considered to be riskier than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPSX | VV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 4.70% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.71% | 9.83% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 12.54% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 17.31% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 18.24% | -1.67% |
FSPSX vs. VV - Expense Ratio Comparison
Both FSPSX and VV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FSPSX vs. VV - Dividend Comparison
FSPSX's dividend yield for the trailing twelve months is around 2.88%, more than VV's 0.98% 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% |
VV Vanguard Large-Cap ETF | 0.98% | 1.08% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% |
Frequently Asked Questions
FSPSX and VV 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.
FSPSX has higher volatility (5.21%) compared to VV (4.70%). In terms of maximum drawdown, FSPSX dropped -33.69% vs VV's -54.81%.
VV currently has the higher Sharpe Ratio (2.21 vs 1.35), 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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