In general, we can think of a spaced repetition system as being (i) Content-aware vs. Content-agnostic and (ii) Deck-aware vs. Deck-agnostic
Content-aware systems care about what you're studying (language, medecine, etc) while Content-agnostic systems don't care about what you're studying.
Deck-aware systems consider each card in the context of the rest of the cards (the "deck") while Deck-agnostic systems consider each card in pure isolation.
Currently, FSRS is both Content-agnostic as well as Deck-agnostic. This makes it extremely easy to integrate into a spaced repetition system, but this also means the model will underfit a bit.
It it interesting to note that you could in practice optimize seperate FSRS models for each deck covering different topics, which would make it Content-aware in a sense. Additionally, "fuzz" is a somewhat Deck-aware feature of the model in that it exists specifically to reduce interactions between other cards in the deck.