FZALX vs. FSPSX
Compare and contrast key facts about Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) and Fidelity International Index Fund (FSPSX).
FZALX 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
FZALX vs. FSPSX - Performance Comparison
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FZALX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | -2.10% | 27.07% | 26.13% | 26.63% | -8.89% | 26.44% | 13.06% | 31.25% | -7.31% | 18.01% |
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, FZALX achieves a -2.10% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FZALX has outperformed FSPSX with an annualized return of 15.57%, while FSPSX has yielded a comparatively lower 8.97% annualized return.
FZALX
- 1D
- 3.12%
- 1M
- -4.71%
- YTD
- -2.10%
- 6M
- 2.52%
- 1Y
- 26.49%
- 3Y*
- 22.61%
- 5Y*
- 15.05%
- 10Y*
- 15.57%
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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FZALX vs. FSPSX - Expense Ratio Comparison
FZALX has a 0.51% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FZALX vs. FSPSX — Risk / Return Rank
FZALX
FSPSX
FZALX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) 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.
| FZALX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.39 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.90 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.94 | +0.32 |
Martin ratioReturn relative to average drawdown | 10.48 | 7.43 | +3.05 |
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
| FZALX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.39 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.53 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.55 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.47 | +0.34 |
Correlation
The correlation between FZALX and FSPSX is 0.77, 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
FZALX vs. FSPSX - Dividend Comparison
FZALX's dividend yield for the trailing twelve months is around 4.12%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZALX Fidelity Advisor Mega Cap Stock Fund Class Z | 4.12% | 4.04% | 2.83% | 2.17% | 4.51% | 4.92% | 8.14% | 13.19% | 21.94% | 16.56% | 2.12% | 4.33% |
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
FZALX vs. FSPSX - Drawdown Comparison
The maximum FZALX drawdown since its inception was -35.23%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FZALX and FSPSX.
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Drawdown Indicators
| FZALX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -33.69% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -11.39% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -29.41% | +6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.23% | -33.69% | -1.54% |
Current DrawdownCurrent decline from peak | -6.15% | -8.22% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -6.60% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.97% | -0.35% |
Volatility
FZALX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Advisor Mega Cap Stock Fund Class Z (FZALX) is 5.55%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FZALX 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
| FZALX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.65% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 11.01% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 17.00% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 15.82% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 16.49% | +1.65% |