AOR vs. FISMX
AOR (iShares Core 60/40 Balanced Allocation ETF) and FISMX (Fidelity International Small Cap Fund) are both funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while FISMX is a Foreign Small & Mid Cap Equities fund managed by Fidelity. Over the past 10 years, AOR returned 8.52%/yr vs 9.03%/yr for FISMX. A 0.77 correlation means they provide meaningful diversification when combined. AOR charges 0.15%/yr vs 1.01%/yr for FISMX.
Performance
AOR vs. FISMX - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 6.83% return, which is significantly lower than FISMX's 8.75% return. Over the past 10 years, AOR has underperformed FISMX with an annualized return of 8.52%, while FISMX has yielded a comparatively higher 9.03% annualized return.
AOR
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- 6.83%
- 6M
- 7.42%
- 1Y
- 17.08%
- 3Y*
- 13.55%
- 5Y*
- 6.78%
- 10Y*
- 8.52%
FISMX
- 1D
- 2.56%
- 1M
- -1.31%
- YTD
- 8.75%
- 6M
- 10.42%
- 1Y
- 15.32%
- 3Y*
- 13.58%
- 5Y*
- 5.98%
- 10Y*
- 9.03%
AOR vs. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 6.83% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
FISMX Fidelity International Small Cap Fund | 8.75% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Correlation
The correlation between AOR and FISMX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.77 |
The correlation between AOR and FISMX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
AOR vs. FISMX — Risk / Return Rank
AOR
FISMX
AOR vs. FISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and Fidelity International Small Cap Fund (FISMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOR | FISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.48 | +1.11 |
| Martin ratioReturn relative to average drawdown | 11.10 | 5.19 | +5.91 |
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Drawdowns
AOR vs. FISMX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for AOR and FISMX.
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Drawdown Indicators
| AOR | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -60.94% | +36.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -10.71% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -12.70% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -31.07% | +9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -38.80% | +15.85% |
Current DrawdownCurrent decline from peak | -1.05% | -2.37% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -10.63% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.04% | -1.49% |
Volatility
AOR vs. FISMX - Volatility Comparison
The current volatility for iShares Core 60/40 Balanced Allocation ETF (AOR) is 3.50%, while Fidelity International Small Cap Fund (FISMX) has a volatility of 4.94%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than FISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | FISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.94% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 10.81% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 12.78% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 13.67% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 14.08% | -3.38% |
AOR vs. FISMX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than FISMX's 1.01% expense ratio.
Dividends
AOR vs. FISMX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.48%, less than FISMX's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.48% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
FISMX Fidelity International Small Cap Fund | 3.29% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
Frequently Asked Questions
AOR and FISMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISMX has higher volatility (4.94%) compared to AOR (3.50%). In terms of maximum drawdown, AOR dropped -24.44% vs FISMX's -60.94%.
AOR currently has the higher Sharpe Ratio (1.94 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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