FVLAX vs. FSPSX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Value Leaders Fund Class A (FVLAX) and Fidelity International Index Fund (FSPSX).

FVLAX is managed by Fidelity. It was launched on Jun 17, 2003. 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

FVLAX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Value Leaders Fund Class A (FVLAX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

FVLAX vs. FSPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVLAX Fidelity Advisor Value Leaders Fund Class A	0.00%	4.80%	4.34%	6.82%	1.10%	24.51%	-5.57%	21.30%	-9.26%	14.42%
FSPSX Fidelity International Index Fund	-1.94%	31.98%	3.70%	18.31%	-14.23%	11.45%	8.16%	22.03%	-13.55%	25.37%

Returns By Period

FVLAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

FVLAX vs. FSPSX - Expense Ratio Comparison

FVLAX has a 1.15% expense ratio, which is higher than FSPSX's 0.04% expense ratio.

FVLAX

Fidelity Advisor Value Leaders Fund Class A

FSPSX

Fidelity International Index Fund

Return for Risk

FVLAX vs. FSPSX — Risk / Return Rank

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

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.

FVLAX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Value Leaders Fund Class A (FVLAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FVLAX	FSPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.11	—
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	—	0.46	—

Correlation

The correlation between FVLAX and FSPSX is 0.72, 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

FVLAX vs. FSPSX - Dividend Comparison

FVLAX's dividend yield for the trailing twelve months is around 2.48%, less than FSPSX's 3.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVLAX Fidelity Advisor Value Leaders Fund Class A	2.48%	2.48%	11.39%	5.28%	1.87%	7.54%	0.61%	1.48%	8.96%	0.64%	0.45%	0.11%
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

Drawdown Indicators

	FVLAX	FSPSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.69%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.39%	—
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	—	-10.86%	—
Average Drawdown Average peak-to-trough decline	—	-6.59%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.96%	—

Volatility

Volatility by Period

	FVLAX	FSPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.47%	—