BISMX vs. FSTSX
BISMX (Brandes International Small Cap Equity Fund Class I) and FSTSX (Fidelity Series International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, BISMX returned 11.76%/yr vs 9.96%/yr for FSTSX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BISMX charges 1.11%/yr vs 0.03%/yr for FSTSX.
Performance
BISMX vs. FSTSX - Performance Comparison
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Returns By Period
In the year-to-date period, BISMX achieves a 7.89% return, which is significantly higher than FSTSX's 6.82% return. Over the past 10 years, BISMX has outperformed FSTSX with an annualized return of 11.76%, while FSTSX has yielded a comparatively lower 9.96% annualized return.
BISMX
- 1D
- 0.69%
- 1M
- 7.53%
- 6M
- 2.61%
- YTD
- 7.89%
- 1Y
- 13.57%
- 3Y*
- 28.49%
- 5Y*
- 19.20%
- 10Y*
- 11.76%
- ALL TIME*
- 11.46%
FSTSX
- 1D
- 1.06%
- 1M
- 0.21%
- 6M
- 2.85%
- YTD
- 6.82%
- 1Y
- 11.03%
- 3Y*
- 15.63%
- 5Y*
- 4.99%
- 10Y*
- 9.96%
- ALL TIME*
- 9.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BISMX vs. FSTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 7.89% | 45.81% | 23.44% | 39.27% | -8.48% | 18.58% | 4.85% | 7.16% | -20.04% | 11.79% |
FSTSX Fidelity Series International Small Cap Fund | 6.82% | 27.49% | 4.97% | 18.36% | -26.25% | 18.29% | 19.61% | 28.24% | -13.19% | 34.44% |
Correlation
The correlation between BISMX and FSTSX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.79 |
The correlation between BISMX and FSTSX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
BISMX vs. FSTSX — Risk / Return Rank
BISMX
FSTSX
BISMX vs. FSTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class I (BISMX) and Fidelity Series International Small Cap Fund (FSTSX). 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.
| BISMX | FSTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.09 | +0.14 |
| Martin ratioReturn relative to average drawdown | 2.84 | 3.49 | -0.64 |
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Drawdowns
BISMX vs. FSTSX - Drawdown Comparison
The maximum BISMX drawdown since its inception was -47.07%, which is greater than FSTSX's maximum drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for BISMX and FSTSX.
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Drawdown Indicators
| BISMX | FSTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -38.91% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -11.22% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -12.48% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -38.91% | +7.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -38.91% | -8.16% |
Current DrawdownCurrent decline from peak | -1.01% | -1.90% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -7.84% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 3.50% | +1.50% |
Volatility
BISMX vs. FSTSX - Volatility Comparison
The current volatility for Brandes International Small Cap Equity Fund Class I (BISMX) is 3.13%, while Fidelity Series International Small Cap Fund (FSTSX) has a volatility of 4.16%. This indicates that BISMX experiences smaller price fluctuations and is considered to be less risky than FSTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BISMX | FSTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 4.16% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 11.98% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 14.49% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 16.51% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 15.70% | -1.59% |
BISMX vs. FSTSX - Expense Ratio Comparison
BISMX has a 1.11% expense ratio, which is higher than FSTSX's 0.03% expense ratio.
Dividends
BISMX vs. FSTSX - Dividend Comparison
BISMX's dividend yield for the trailing twelve months is around 3.52%, less than FSTSX's 14.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 3.52% | 3.34% | 3.22% | 2.93% | 4.16% | 3.45% | 0.92% | 0.82% | 4.10% | 8.51% | 4.16% | 3.65% |
FSTSX Fidelity Series International Small Cap Fund | 14.26% | 15.24% | 10.22% | 3.34% | 6.38% | 13.22% | 0.81% | 4.27% | 10.99% | 6.30% | 4.01% | 7.32% |
Frequently Asked Questions
BISMX and FSTSX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTSX has higher volatility (4.16%) compared to BISMX (3.13%). In terms of maximum drawdown, BISMX dropped -47.07% vs FSTSX's -38.91%.
BISMX currently has the higher Sharpe Ratio (1.11 vs 0.84), 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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