Fidelity International Small Cap Fund (FISMX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity International Small Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity International Small Cap Fund (FISMX) has returned -2.53% so far this year and 15.86% over the past 12 months. Over the last ten years, FISMX has returned 8.02% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 19, 2002, FISMX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, your investment would double in approximately 5.8 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +17.7%, while the worst month was Oct 2008 at -25.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FISMX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -9.7%.

Fidelity International Small Cap Fund has an annualized alpha of 5.50%, beta of 0.61, and R² of 0.54 versus S&P 500 Index. Calculated based on daily prices since September 20, 2002.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.81%) than losses (85.78%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 5.50% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.61 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FISMX has a high expense ratio of 1.01%, indicating above-average management fees.

FISMX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity International Small Cap Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $1.32 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity International Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity International Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity International Small Cap Fund was 60.94%, occurring on Mar 9, 2009. Recovery took 1049 trading sessions.

The current Fidelity International Small Cap Fund drawdown is 10.41%.

The chart below shows the rolling one-month volatility.