FSPSX vs JSASX Fund Comparison

A comparison between FSPSX and JSASX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on FSPSX vs JSASX

Here's an in depth look at the differences between Fidelity® International Index Fund($FSPSX) and JPMorgan SmartRetirement® 2045 Fund Class I($JSASX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • fspsx
  • Mutual Fund
  • International Stocks
  • Large Blend

Fidelity® International Index Fund

Expenses: 0.04% (Better than 1% of similar funds)

This is a great choice for a Large Blend International Stocks fund. See why »

  • jsasx
  • Mutual Fund
  • Allocation
  • Target-Date

JPMorgan SmartRetirement® 2045 Fund Class I

Expenses: 0.22% (Better than 1% of similar funds)

This is an OK choice for a Target-Date Allocation fund. See why »

Both $FSPSX and $JSASX are categorized as Mutual Funds. Mutual funds are often offered by 401(k) platforms and are essentially the same as ETFs. Mutual funds are generally offered by an investment platform – Fidelity has Fidelity mutual funds, Vanguard has Vanguard mutual funds. Mutual funds are ideal for retirement investing since you can invest any amount. That allows you to invest every last cent and benefit from the market.

The biggest disadvantage of mutual funds is that you're usually limited to the funds on your investment platform. If you're investing on Fidelity, you'll want to pick Fidelity mutual funds (or any ETF). Same with Vanguard. Some platforms offer mutual funds from other platforms, but they may charge a purchse or redemption fee. I'd recommend using the same platform as your funds – or stick to ETFs.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

FSPSXJSASX
Market Score 9.7 /10 7.9 /10
Category Score 10.0 /10 5.0 /10
Total19.712.9

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $FSPSX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, FSPSX has an expense ratio of 0.04% while JSASX has an expense ratio of 0.22%.

Winner: $FSPSX

Fund Size Comparison

Both FSPSX and JSASX have a similar number of assets under management. FSPSX has 24.7 Billion in assets under management, while JSASX has 3.76 Billion.

Minafi categorizes both of these funds as large funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? FSPSX or JSASX?

Comparing these two funds isn't an apples to apples comparison. FSPSX is a International StocksLarge Blend fund, while JSASX is a AllocationTarget-Date fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives FSPSX a score of 97 and JSASX a score of 75.

Winner: $FSPSX, Fidelity® International Index Fund

$FSPSX

Fidelity® International Index Fund

97

Read More
Ratings
Rating TypeRating
Expense Ratio Score10/10
Expense Rating10/10
Market Score10/10
Category Score10/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateNov-5-1997
ExchangeNMFQS
Expense Ratio0.040%
Net Assets24.7 Billion
Yield3.42%
Holdings
DescriptionInfo
MarketInternational Stocks
CategoryLarge Blend
Sectors
  • Basic Materials 6.64%
  • Communication Services 6.51%
  • Consumer Cyclical 9.73%
  • Consumer Defensive 12.30%
  • Energy 3.91%
  • Financial Services 16.17%
  • Healthcare 15.14%
  • Industrials 14.20%
  • Real Estate 3.32%
  • Technology 8.12%
  • Utilities 3.95%
Regions
  • Africa/Middle East 0.60%
  • Asia Developed 4.74%
  • Asia Emerging 0.44%
  • Australasia 6.63%
  • Europe Developed 45.80%
  • Japan 25.96%
  • North America 0.63%
  • United Kingdom 15.20%

$JSASX

JPMorgan SmartRetirement® 2045 Fund Class I

75

Read More
Ratings
Rating TypeRating
Expense Ratio Score8/10
Expense Rating8/10
Market Score8/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateJul-31-2007
ExchangeNMFQS
Expense Ratio0.220%
Net Assets3.76 Billion
Yield1.80%
Holdings
DescriptionInfo
MarketAllocation
CategoryTarget-Date
Sectors
  • Basic Materials 3.30%
  • Communication Services 8.82%
  • Consumer Cyclical 11.06%
  • Consumer Defensive 6.21%
  • Energy 3.12%
  • Financial Services 18.10%
  • Healthcare 12.49%
  • Industrials 9.58%
  • Real Estate 8.49%
  • Technology 15.83%
  • Utilities 3.01%
Regions
  • Africa/Middle East 0.71%
  • Asia Developed 4.33%
  • Asia Emerging 7.48%
  • Australasia 0.98%
  • Europe Developed 14.93%
  • Europe Emerging 0.64%
  • Japan 5.20%
  • Latin America 0.86%
  • North America 59.60%
  • United Kingdom 5.27%

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