FYBTX vs. FSPSX
Compare and contrast key facts about Fidelity Series Short-Term Credit Fund (FYBTX) and Fidelity International Index Fund (FSPSX).
FYBTX is managed by Fidelity. It was launched on Mar 27, 2015. 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
FYBTX vs. FSPSX - Performance Comparison
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FYBTX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | -0.10% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FYBTX achieves a -0.10% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FYBTX has underperformed FSPSX with an annualized return of 2.51%, while FSPSX has yielded a comparatively higher 8.97% annualized return.
FYBTX
- 1D
- 0.10%
- 1M
- -0.99%
- YTD
- -0.10%
- 6M
- 1.06%
- 1Y
- 3.89%
- 3Y*
- 5.03%
- 5Y*
- 2.60%
- 10Y*
- 2.51%
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FYBTX vs. FSPSX - Expense Ratio Comparison
FYBTX has a 0.00% expense ratio, which is lower than FSPSX's 0.04% 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%.
Return for Risk
FYBTX vs. FSPSX — Risk / Return Rank
FYBTX
FSPSX
FYBTX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Short-Term Credit Fund (FYBTX) 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.
| FYBTX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.39 | +0.70 |
Sortino ratioReturn per unit of downside risk | 3.79 | 1.90 | +1.88 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.28 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.94 | +1.74 |
Martin ratioReturn relative to average drawdown | 13.46 | 7.43 | +6.03 |
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
| FYBTX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.39 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.53 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | 0.55 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.47 | +0.88 |
Correlation
The correlation between FYBTX and FSPSX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FYBTX vs. FSPSX - Dividend Comparison
FYBTX's dividend yield for the trailing twelve months is around 4.34%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 4.34% | 4.66% | 3.67% | 2.76% | 1.26% | 1.65% | 2.31% | 2.72% | 2.45% | 1.59% | 1.24% | 0.00% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FYBTX vs. FSPSX - Drawdown Comparison
The maximum FYBTX drawdown since its inception was -6.00%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FYBTX and FSPSX.
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Drawdown Indicators
| FYBTX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.00% | -33.69% | +27.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -11.39% | +10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -29.41% | +23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -6.00% | -33.69% | +27.69% |
Current DrawdownCurrent decline from peak | -0.99% | -8.22% | +7.23% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -6.60% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 2.97% | -2.65% |
Volatility
FYBTX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Series Short-Term Credit Fund (FYBTX) is 0.53%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FYBTX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FYBTX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 7.65% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 11.01% | -9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 17.00% | -14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 15.82% | -13.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 16.49% | -14.59% |