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Fidelity Advisor International Small Cap Opportunities Fund Class Z (FIQJX) Sharpe Ratio: 0.84

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The investment seeks capital appreciation. The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. The fund invests at least 80% of assets in securities of companies with small market capitalizations (which, for purposes of this fund, are those companies with market capitalizations of $5 billion or less). It invests primarily in common stocks. The fund allocates investments across different countries and regions. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FIQJX's Sharpe Ratio of 0.84 indicates that for each unit of volatility, it generates 0.84 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FIQJX Sharpe Ratio Rank

FIQJX Sharpe Ratio Rank: 21.421
Below Average

FIQJX ranks above 21.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FIQJX Sharpe Ratio Market Positioning

The chart shows FIQJX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.73+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Advisor International Small Cap Opportunities Fund Class Z's Sharpe Ratio with other mutual funds in the Foreign Small & Mid Cap Equities category across multiple time periods, showing how FIQJX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ALOIXVirtus International Small-Cap Fund2.35
AVANXAvantis International Small Cap Value Fund Class G2.24
HWTIXHotchkis & Wiley International Small Cap Diversified Value Fund2.22
AVDVXAvantis International Small Cap Value Fund Institutional Class2.22
DISVXDFA International Small Cap Value Portfolio Institutional Class2.16
FMNEXRBB Free Market International Equity Fund2.07
SBSIXSegall Bryant & Hamill International Small Cap Fund2.00
DFVQXDFA International Vector Equity Portfolio1.97
DWUSXDFA World ex U.S. Targeted Value Portfolio1.96
GICIXGoldman Sachs International Small Cap Insights Fund1.86
FIQJXFidelity Advisor International Small Cap Opportunities Fund Class Z0.84
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows FIQJX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FIQJX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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