FZAJX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor International Growth Fund Class Z (FZAJX) and Fidelity International Index Fund (FSPSX).
FZAJX 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
FZAJX vs. FSPSX - Performance Comparison
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FZAJX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZAJX Fidelity Advisor International Growth Fund Class Z | -2.21% | 18.02% | 5.02% | 21.03% | -23.11% | 15.55% | 17.11% | 34.21% | -11.40% | 28.88% |
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, FZAJX achieves a -2.21% return, which is significantly lower than FSPSX's 0.95% return. Both investments have delivered pretty close results over the past 10 years, with FZAJX having a 8.82% annualized return and FSPSX not far ahead at 8.97%.
FZAJX
- 1D
- 3.84%
- 1M
- -8.74%
- YTD
- -2.21%
- 6M
- -2.02%
- 1Y
- 12.59%
- 3Y*
- 9.93%
- 5Y*
- 4.96%
- 10Y*
- 8.82%
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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FZAJX vs. FSPSX - Expense Ratio Comparison
FZAJX has a 0.87% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FZAJX vs. FSPSX — Risk / Return Rank
FZAJX
FSPSX
FZAJX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Growth Fund Class Z (FZAJX) 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.
| FZAJX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.39 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.90 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.94 | -1.04 |
Martin ratioReturn relative to average drawdown | 3.52 | 7.43 | -3.91 |
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
| FZAJX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.39 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.53 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.55 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.47 | 0.00 |
Correlation
The correlation between FZAJX and FSPSX is 0.93, 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
FZAJX vs. FSPSX - Dividend Comparison
FZAJX's dividend yield for the trailing twelve months is around 3.73%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZAJX Fidelity Advisor International Growth Fund Class Z | 3.73% | 3.65% | 1.00% | 0.61% | 1.81% | 2.03% | 0.22% | 1.11% | 1.04% | 0.12% | 1.40% | 0.92% |
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
FZAJX vs. FSPSX - Drawdown Comparison
The maximum FZAJX drawdown since its inception was -34.84%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FZAJX and FSPSX.
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Drawdown Indicators
| FZAJX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.84% | -33.69% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.96% | -11.39% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -29.41% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -34.84% | -33.69% | -1.15% |
Current DrawdownCurrent decline from peak | -10.65% | -8.22% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -6.60% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.97% | +0.61% |
Volatility
FZAJX vs. FSPSX - Volatility Comparison
Fidelity Advisor International Growth Fund Class Z (FZAJX) has a higher volatility of 9.11% compared to Fidelity International Index Fund (FSPSX) at 7.65%. This indicates that FZAJX'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
| FZAJX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 7.65% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 11.01% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 17.00% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 15.82% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 16.49% | +1.07% |