FSPSX vs FTIHX: 51% overlap

Fidelity International Index and Fidelity Total International Index share 50.6% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Different holding dates. These holdings were published about 2 months apart — FSPSX as of 2026-02-28, the rest through 2026-04-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.

Hold both, 50/50
1.5Effective Funds

You would hold two tickers and get the diversification of 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
50.6%
FSPSX expense ratio
0.03%
FTIHX expense ratio
0.06%

Top shared holdings

FSPSX and FTIHX hold 690 of the same securities. The ten contributing most to the overlap figure:

Holdingin FSPSXin FTIHXΔ
CASH1.8%2.7%0.9%
NL00102732152.5%1.3%1.2%
GB00054052861.4%0.7%0.7%
GB00098952921.4%0.7%0.7%
CH00120052671.4%0.6%0.8%
CH00388633501.2%0.6%0.6%
GB00BP6MXD841.1%0.6%0.5%
DE00072361011.0%0.5%0.4%
AU000000CBA70.9%0.5%0.4%
JP39029000040.9%0.5%0.5%

Where FSPSX and FTIHX differ

Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.

SectorFSPSXFTIHXΔ
Unclassified98.0%94.6%+3.4pp
Financials0.1%1.3%1.3pp
Cash and/or Derivatives1.8%2.7%0.9pp
Consumer Staples0.1%0.4%0.3pp
Consumer Discretionary0.0%0.3%0.3pp
Energy0.0%0.2%0.2pp
Communication Services0.1%0.2%0.1pp
Utilities0.0%0.1%0.1pp

Δ is FSPSX minus FTIHX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.

What each fund holds alone

Only in FSPSX
11 positions

2.2% of FSPSX by weight, held in no part of FTIHX.

Only in FTIHX
4,366 positions

48.9% of FTIHX by weight, held in no part of FSPSX.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

FSPSXFTIHX
Top 10 holdings14.3%14.4%
Positions held7015,057
Cost per $10,000 held, per year$4$6

Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.

Frequently asked

How much do FSPSX and FTIHX overlap?

FSPSX and FTIHX overlap 50.6% by portfolio weight — substantial duplication if you hold both. They share 690 holdings. The figure comes from current issuer holdings files (FSPSX as of 2026-02-28, FTIHX as of 2026-04-30).

How is the overlap between FSPSX and FTIHX calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FSPSX holds a stock at 6% and FTIHX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.

Is it redundant to hold both FSPSX and FTIHX?

That depends on your goals — we state facts, not advice. At 50.6% overlap, each fund still contributes meaningfully distinct exposure.

What does FSPSX own that FTIHX doesn't?

FSPSX holds 701 positions and FTIHX holds 5,057; 11 of FSPSX's positions don't appear in FTIHX at all, and they are 2.2% of FSPSX by weight.

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Related comparisons

Sources: issuer holdings files, FSPSX as of 2026-02-28, FTIHX as of 2026-04-30. Weights are fractions of each fund. Diagnostics, not advice.