PZRIX vs. FSPSX
Compare and contrast key facts about PIMCO RAE Global ex-US Fund (PZRIX) and Fidelity International Index Fund (FSPSX).
PZRIX is managed by PIMCO. It was launched on Jun 4, 2015. 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
PZRIX vs. FSPSX - Performance Comparison
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PZRIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 7.89% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
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, PZRIX achieves a 7.89% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, PZRIX has outperformed FSPSX with an annualized return of 9.95%, while FSPSX has yielded a comparatively lower 8.65% annualized return.
PZRIX
- 1D
- 0.41%
- 1M
- -6.89%
- YTD
- 7.89%
- 6M
- 16.45%
- 1Y
- 34.85%
- 3Y*
- 18.91%
- 5Y*
- 10.55%
- 10Y*
- 9.95%
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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PZRIX vs. FSPSX - Expense Ratio Comparison
PZRIX 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
PZRIX vs. FSPSX — Risk / Return Rank
PZRIX
FSPSX
PZRIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Global ex-US Fund (PZRIX) 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.
| PZRIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.41 | 1.11 | +1.30 |
Sortino ratioReturn per unit of downside risk | 3.09 | 1.56 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.23 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.54 | +1.15 |
Martin ratioReturn relative to average drawdown | 12.87 | 5.93 | +6.94 |
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
| PZRIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.11 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.51 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.53 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.46 | +0.13 |
Correlation
The correlation between PZRIX and FSPSX is 0.92, 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
PZRIX vs. FSPSX - Dividend Comparison
PZRIX's dividend yield for the trailing twelve months is around 6.08%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZRIX PIMCO RAE Global ex-US Fund | 6.08% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 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
PZRIX vs. FSPSX - Drawdown Comparison
The maximum PZRIX drawdown since its inception was -43.53%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for PZRIX and FSPSX.
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Drawdown Indicators
| PZRIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.53% | -33.69% | -9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -11.39% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | -29.41% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -43.53% | -33.69% | -9.84% |
Current DrawdownCurrent decline from peak | -6.96% | -10.86% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -6.59% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.96% | -0.43% |
Volatility
PZRIX vs. FSPSX - Volatility Comparison
The current volatility for PIMCO RAE Global ex-US Fund (PZRIX) is 5.02%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that PZRIX 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
| PZRIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 7.04% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 10.63% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 16.79% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 15.77% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 16.47% | +0.54% |