FZABX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Diversified International Fund Class Z (FZABX) and Fidelity International Index Fund (FSPSX).
FZABX is managed by Fidelity. It was launched on Aug 13, 2013. 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
FZABX vs. FSPSX - Performance Comparison
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FZABX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZABX Fidelity Advisor Diversified International Fund Class Z | -3.85% | 27.71% | 6.59% | 17.56% | -23.58% | 13.11% | 19.79% | 29.99% | -15.23% | 25.59% |
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
In the year-to-date period, FZABX achieves a -3.85% return, which is significantly lower than FSPSX's -1.94% return. Both investments have delivered pretty close results over the past 10 years, with FZABX having a 8.31% annualized return and FSPSX not far ahead at 8.65%.
FZABX
- 1D
- 0.18%
- 1M
- -11.99%
- YTD
- -3.85%
- 6M
- 0.29%
- 1Y
- 16.80%
- 3Y*
- 12.23%
- 5Y*
- 5.84%
- 10Y*
- 8.31%
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%
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FZABX vs. FSPSX - Expense Ratio Comparison
FZABX has a 0.76% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FZABX vs. FSPSX — Risk / Return Rank
FZABX
FSPSX
FZABX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Diversified International Fund Class Z (FZABX) 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.
| FZABX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.11 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.56 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.54 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.42 | 5.93 | -1.50 |
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
| FZABX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.11 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.51 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.53 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
Correlation
The correlation between FZABX and FSPSX is 0.95, 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
FZABX vs. FSPSX - Dividend Comparison
FZABX's dividend yield for the trailing twelve months is around 14.62%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZABX Fidelity Advisor Diversified International Fund Class Z | 14.62% | 14.06% | 6.53% | 4.41% | 2.40% | 10.92% | 0.15% | 1.64% | 5.22% | 0.29% | 1.70% | 1.08% |
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
FZABX vs. FSPSX - Drawdown Comparison
The maximum FZABX drawdown since its inception was -35.21%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FZABX and FSPSX.
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Drawdown Indicators
| FZABX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -33.69% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -11.39% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -29.41% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -33.69% | -1.52% |
Current DrawdownCurrent decline from peak | -12.39% | -10.86% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -6.59% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.96% | +0.19% |
Volatility
FZABX vs. FSPSX - Volatility Comparison
Fidelity Advisor Diversified International Fund Class Z (FZABX) has a higher volatility of 8.12% compared to Fidelity International Index Fund (FSPSX) at 7.04%. This indicates that FZABX'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.
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Volatility by Period
| FZABX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 7.04% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 10.63% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 16.79% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 15.77% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 16.47% | +0.40% |