FZIPX vs. FSPSX
Compare and contrast key facts about Fidelity ZERO Extended Market Index Fund (FZIPX) and Fidelity International Index Fund (FSPSX).
FZIPX is managed by Fidelity. 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
FZIPX vs. FSPSX - Performance Comparison
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FZIPX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | -1.78% | 12.51% | 12.39% | 18.13% | -18.01% | 21.31% | 16.64% | 26.50% | -17.57% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -12.45% |
Returns By Period
In the year-to-date period, FZIPX achieves a -1.78% return, which is significantly higher than FSPSX's -1.94% return.
FZIPX
- 1D
- -1.26%
- 1M
- -8.55%
- YTD
- -1.78%
- 6M
- 0.33%
- 1Y
- 18.79%
- 3Y*
- 12.32%
- 5Y*
- 5.14%
- 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%
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FZIPX vs. FSPSX - Expense Ratio Comparison
FZIPX 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
FZIPX vs. FSPSX — Risk / Return Rank
FZIPX
FSPSX
FZIPX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity ZERO Extended Market Index Fund (FZIPX) 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.
| FZIPX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.11 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.56 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.54 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.98 | 5.93 | -0.95 |
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
| FZIPX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.11 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.51 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.46 | -0.12 |
Correlation
The correlation between FZIPX and FSPSX is 0.74, 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
FZIPX vs. FSPSX - Dividend Comparison
FZIPX's dividend yield for the trailing twelve months is around 1.27%, less than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIPX Fidelity ZERO Extended Market Index Fund | 1.27% | 1.24% | 1.22% | 1.43% | 1.64% | 6.97% | 2.15% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% |
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
FZIPX vs. FSPSX - Drawdown Comparison
The maximum FZIPX drawdown since its inception was -42.71%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FZIPX and FSPSX.
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Drawdown Indicators
| FZIPX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -33.69% | -9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -11.39% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -29.41% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -9.61% | -10.86% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -6.59% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.96% | +0.35% |
Volatility
FZIPX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity ZERO Extended Market Index Fund (FZIPX) is 6.41%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FZIPX 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
| FZIPX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 7.04% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 10.63% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 16.79% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 15.77% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 16.47% | +7.48% |