FTTEX vs. FSKAX

Last updated Jul 4, 2026

FTTEX (Fidelity Advisor Total International Equity Fund Class M) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FTTEX is a Foreign Large Cap Equities fund managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FTTEX returned 10.46%/yr vs 14.94%/yr for FSKAX. Their correlation of 0.80 suggests significant overlap in exposure. FTTEX charges 1.55%/yr vs 0.01%/yr for FSKAX.

Performance

FTTEX vs. FSKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Total International Equity Fund Class M (FTTEX) and Fidelity Total Market Index Fund (FSKAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTTEX achieves a 12.51% return, which is significantly higher than FSKAX's 10.76% return. Over the past 10 years, FTTEX has underperformed FSKAX with an annualized return of 10.46%, while FSKAX has yielded a comparatively higher 14.94% annualized return.

FTTEX

• 1D: 0.59%
• 1M: -1.00%
• 6M: 10.89%
• YTD: 12.51%
• 1Y: 24.46%
• 3Y*: 18.25%
• 5Y*: 8.57%
• 10Y*: 10.46%

FSKAX

• 1D: -0.06%
• 1M: -0.92%
• 6M: 10.39%
• YTD: 10.76%
• 1Y: 21.03%
• 3Y*: 20.27%
• 5Y*: 11.95%
• 10Y*: 14.94%

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

FTTEX vs. FSKAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTTEX Fidelity Advisor Total International Equity Fund Class M	12.51%	31.78%	5.87%	15.77%	-17.44%	10.49%	17.39%	26.99%	-15.56%	29.68%
FSKAX Fidelity Total Market Index Fund	10.76%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-5.32%	20.85%

Correlation

The correlation between FTTEX and FSKAX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 8, 2011	0.80

The correlation between FTTEX and FSKAX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

FTTEX vs. FSKAX — Risk / Return Rank

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

FTTEX

FTTEX Risk / Return Rank: 47
FTTEX Sharpe Ratio Rank: 46
FTTEX Sortino Ratio Rank: 43
FTTEX Omega Ratio Rank: 48
FTTEX Calmar Ratio Rank: 46
FTTEX Martin Ratio Rank: 50

FSKAX

FSKAX Risk / Return Rank: 60
FSKAX Sharpe Ratio Rank: 57
FSKAX Sortino Ratio Rank: 53
FSKAX Omega Ratio Rank: 53
FSKAX Calmar Ratio Rank: 63
FSKAX Martin Ratio Rank: 74

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.

FTTEX vs. FSKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total International Equity Fund Class M (FTTEX) and Fidelity Total Market Index Fund (FSKAX). 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.

	FTTEX	FSKAX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.72	-0.18
Sortino ratio: Return per unit of downside risk	2.14	2.37	-0.23
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.11	2.49	-0.37
Martin ratio: Return relative to average drawdown	8.21	10.87	-2.66

FTTEX vs. FSKAX - Sharpe Ratio Comparison

The current FTTEX Sharpe Ratio is 1.54, which is comparable to the FSKAX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FTTEX and FSKAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTTEX vs. FSKAX - Drawdown Comparison

The maximum FTTEX drawdown since its inception was -62.21%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FTTEX and FSKAX.

Drawdown Indicators

	FTTEX	FSKAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.21%	-35.01%	-27.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-8.92%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-19.43%	+5.31%
Max Drawdown (5Y) Largest decline over 5 years	-30.30%	-25.39%	-4.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.40%	-35.01%	+1.61%
Current Drawdown Current decline from peak	-2.37%	-1.18%	-1.19%
Average Drawdown Average peak-to-trough decline	-13.78%	-4.01%	-9.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.04%	+1.00%

Volatility

FTTEX vs. FSKAX - Volatility Comparison

Fidelity Advisor Total International Equity Fund Class M (FTTEX) has a higher volatility of 7.34% compared to Fidelity Total Market Index Fund (FSKAX) at 5.08%. This indicates that FTTEX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTTEX	FSKAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	5.08%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	10.20%	+4.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.26%	12.92%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	17.52%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	18.44%	-1.72%

FTTEX vs. FSKAX - Expense Ratio Comparison

FTTEX has a 1.55% expense ratio, which is higher than FSKAX's 0.02% expense ratio.

Dividends

FTTEX vs. FSKAX - Dividend Comparison

FTTEX's dividend yield for the trailing twelve months is around 0.34%, less than FSKAX's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSKAX Fidelity Total Market Index Fund	0.94%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%
FTTEX Fidelity Advisor Total International Equity Fund Class M	0.34%	0.39%	0.81%	0.85%	0.56%	7.99%	2.08%	1.18%	0.24%	3.85%	0.88%	0.56%

Frequently Asked Questions

Can I hold both FTTEX and FSKAX in my portfolio?

FTTEX and FSKAX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTTEX or FSKAX?

FTTEX has higher volatility (7.34%) compared to FSKAX (5.08%). In terms of maximum drawdown, FTTEX dropped -62.21% vs FSKAX's -35.01%.

Which has better risk-adjusted returns?

FSKAX currently has the higher Sharpe Ratio (1.72 vs 1.54), 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.