FSSGX vs. FSPSX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and Fidelity International Index Fund (FSPSX).

FSSGX is an actively managed fund by Fidelity. It was launched on Apr 14, 2022. 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.

Performance

FSSGX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

FSSGX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	2.18%	38.40%	7.34%	11.67%	-7.56%
FSPSX Fidelity International Index Fund	-1.94%	31.98%	3.70%	18.31%	-3.46%

Returns By Period

In the year-to-date period, FSSGX achieves a 2.18% return, which is significantly higher than FSPSX's -1.94% return.

FSSGX

• 1D: -0.80%
• 1M: -12.58%
• YTD: 2.18%
• 6M: 6.17%
• 1Y: 34.49%
• 3Y*: 16.73%
• 5Y*: —
• 10Y*: —

FSPSX

• 1D: 0.42%
• 1M: -10.86%
• YTD: -1.94%
• 6M: 2.58%
• 1Y: 19.89%
• 3Y*: 13.50%
• 5Y*: 7.96%
• 10Y*: 8.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSSGX vs. FSPSX - Expense Ratio Comparison

FSSGX has a 0.95% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

FSSGX

Fidelity SAI Sustainable Emerging Markets Equity Fund

FSPSX

Fidelity International Index Fund

Return for Risk

FSSGX vs. FSPSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSSGX

FSSGX Risk / Return Rank: 85
FSSGX Sharpe Ratio Rank: 86
FSSGX Sortino Ratio Rank: 84
FSSGX Omega Ratio Rank: 83
FSSGX Calmar Ratio Rank: 87
FSSGX Martin Ratio Rank: 84

FSPSX

FSPSX Risk / Return Rank: 64
FSPSX Sharpe Ratio Rank: 65
FSPSX Sortino Ratio Rank: 62
FSPSX Omega Ratio Rank: 60
FSPSX Calmar Ratio Rank: 69
FSPSX Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSSGX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and Fidelity International Index Fund (FSPSX). 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.

	FSSGX	FSPSX	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.11	+0.60
Sortino ratio Return per unit of downside risk	2.24	1.56	+0.69
Omega ratio Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio Return relative to maximum drawdown	2.30	1.54	+0.76
Martin ratio Return relative to average drawdown	8.63	5.93	+2.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSSGX vs. FSPSX - Sharpe Ratio Comparison

The current FSSGX Sharpe Ratio is 1.71, which is higher than the FSPSX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FSSGX and FSPSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSSGX	FSPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.11	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.46	+0.19

Correlation

The correlation between FSSGX and FSPSX is 0.71, 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.

Dividends

FSSGX vs. FSPSX - Dividend Comparison

FSSGX's dividend yield for the trailing twelve months is around 2.80%, less than FSPSX's 3.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	2.80%	2.87%	3.83%	1.01%	0.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSPSX Fidelity International Index Fund	3.22%	3.15%	3.27%	2.79%	2.66%	3.07%	1.84%	3.18%	2.79%	2.50%	3.08%	2.79%

Drawdowns

FSSGX vs. FSPSX - Drawdown Comparison

The maximum FSSGX drawdown since its inception was -24.11%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FSSGX and FSPSX.

Drawdown Indicators

	FSSGX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	-24.11%	-33.69%	+9.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-11.39%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.69%	—
Current Drawdown Current decline from peak	-13.47%	-10.86%	-2.61%
Average Drawdown Average peak-to-trough decline	-5.59%	-6.59%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.96%	+0.73%

Volatility

FSSGX vs. FSPSX - Volatility Comparison

Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) has a higher volatility of 9.79% compared to Fidelity International Index Fund (FSPSX) at 7.04%. This indicates that FSSGX's price experiences larger fluctuations and is considered to be riskier than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSSGX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.79%	7.04%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	10.63%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	16.79%	+3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	15.77%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	16.47%	+2.37%