IEFA vs. FSPSX
Compare and contrast key facts about iShares Core MSCI EAFE ETF (IEFA) and Fidelity International Index Fund (FSPSX).
IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEFA or FSPSX.
Key characteristics
| IEFA | FSPSX | |
|---|---|---|
| YTD Return | 2.06% | 2.57% |
| 1Y Return | 9.20% | 9.62% |
| 3Y Return (Ann) | 1.47% | 2.41% |
| 5Y Return (Ann) | 5.97% | 6.32% |
| 10Y Return (Ann) | 4.57% | 4.56% |
| Sharpe Ratio | 0.74 | 0.81 |
| Daily Std Dev | 12.48% | 11.87% |
| Max Drawdown | -34.78% | -33.69% |
| Current Drawdown | -3.53% | -3.30% |
Correlation
The correlation between IEFA and FSPSX is 0.97, 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.
Performance
IEFA vs. FSPSX - Performance Comparison
In the year-to-date period, IEFA achieves a 2.06% return, which is significantly lower than FSPSX's 2.57% return. Both investments have delivered pretty close results over the past 10 years, with IEFA having a 4.57% annualized return and FSPSX not far behind at 4.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEFA vs. FSPSX - Expense Ratio Comparison
IEFA has a 0.07% expense ratio, which is higher than FSPSX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IEFA vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) 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.
Dividends
IEFA vs. FSPSX - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.14%, more than FSPSX's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.14% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
FSPSX Fidelity International Index Fund | 3.10% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
Drawdowns
IEFA vs. FSPSX - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.78%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for IEFA and FSPSX. For additional features, visit the drawdowns tool.
Volatility
IEFA vs. FSPSX - Volatility Comparison
iShares Core MSCI EAFE ETF (IEFA) and Fidelity International Index Fund (FSPSX) have volatilities of 3.35% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.