TRTIX vs. FSPSX
TRTIX (T. Rowe Price International Value Equity Fund Class I) and FSPSX (Fidelity International Index Fund) are both Foreign Large Cap Equities funds. TRTIX is actively managed, while FSPSX is passively managed. Over the past 10 years, TRTIX returned 10.37%/yr vs 9.69%/yr for FSPSX. Their 0.95 correlation means they have historically moved very closely together. TRTIX charges 0.68%/yr vs 0.04%/yr for FSPSX.
Performance
TRTIX vs. FSPSX - Performance Comparison
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Returns By Period
In the year-to-date period, TRTIX achieves a 16.57% return, which is significantly higher than FSPSX's 12.57% return. Over the past 10 years, TRTIX has outperformed FSPSX with an annualized return of 10.37%, while FSPSX has yielded a comparatively lower 9.69% annualized return.
TRTIX
- 1D
- 2.73%
- 1M
- 3.71%
- 6M
- 8.89%
- YTD
- 16.57%
- 1Y
- 34.06%
- 3Y*
- 23.12%
- 5Y*
- 15.20%
- 10Y*
- 10.37%
- ALL TIME*
- 9.33%
FSPSX
- 1D
- 2.56%
- 1M
- 1.98%
- 6M
- 7.21%
- YTD
- 12.57%
- 1Y
- 26.28%
- 3Y*
- 16.54%
- 5Y*
- 9.66%
- 10Y*
- 9.69%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRTIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRTIX T. Rowe Price International Value Equity Fund Class I | 16.57% | 44.14% | 8.02% | 19.44% | -8.27% | 12.93% | 1.92% | 20.77% | -18.06% | 18.29% |
FSPSX Fidelity International Index Fund | 12.57% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Correlation
The correlation between TRTIX and FSPSX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2015 | 0.95 |
The correlation between TRTIX and FSPSX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
TRTIX vs. FSPSX — Risk / Return Rank
TRTIX
FSPSX
TRTIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Value Equity Fund Class I (TRTIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRTIX | FSPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.20 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.71 | 8.33 | +1.38 |
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Drawdowns
TRTIX vs. FSPSX - Drawdown Comparison
The maximum TRTIX drawdown since its inception was -41.90%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for TRTIX and FSPSX.
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Drawdown Indicators
| TRTIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -33.69% | -8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -11.39% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.20% | -13.58% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -29.41% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -33.69% | -8.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -6.49% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.00% | +0.40% |
Volatility
TRTIX vs. FSPSX - Volatility Comparison
T. Rowe Price International Value Equity Fund Class I (TRTIX) and Fidelity International Index Fund (FSPSX) have volatilities of 4.68% and 4.57%, 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.
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Volatility by Period
| TRTIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.57% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 13.22% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 15.52% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 16.12% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.29% | +0.47% |
TRTIX vs. FSPSX - Expense Ratio Comparison
TRTIX has a 0.68% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Dividends
TRTIX vs. FSPSX - Dividend Comparison
TRTIX's dividend yield for the trailing twelve months is around 2.52%, less than FSPSX's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPSX Fidelity International Index Fund | 2.80% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
TRTIX T. Rowe Price International Value Equity Fund Class I | 2.52% | 2.93% | 2.87% | 3.02% | 3.28% | 2.70% | 2.05% | 2.68% | 2.74% | 0.27% | 3.13% | 2.06% |
Frequently Asked Questions
With a correlation of 0.96, TRTIX and FSPSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TRTIX has higher volatility (4.68%) compared to FSPSX (4.57%). In terms of maximum drawdown, TRTIX dropped -41.90% vs FSPSX's -33.69%.
TRTIX currently has the higher Sharpe Ratio (2.13 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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