CRNSX vs. FIQIX

Last updated Jun 5, 2026

CRNSX (Catholic Responsible Investments International Small-Cap Fund) and FIQIX (Fidelity Advisor International Small Cap Fund Class Z) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, CRNSX returned 17.20%/yr vs 14.37%/yr for FIQIX. Their correlation of 0.89 suggests significant overlap in exposure. CRNSX charges 1.15%/yr vs 0.89%/yr for FIQIX.

Performance

CRNSX vs. FIQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRNSX achieves a 9.24% return, which is significantly lower than FIQIX's 9.73% return.

CRNSX

• 1D: -0.74%
• 1M: 1.42%
• YTD: 9.24%
• 6M: 11.45%
• 1Y: 20.70%
• 3Y*: 17.20%
• 5Y*: —
• 10Y*: —

FIQIX

• 1D: -0.47%
• 1M: 2.01%
• YTD: 9.73%
• 6M: 11.26%
• 1Y: 17.96%
• 3Y*: 14.37%
• 5Y*: 6.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRNSX vs. FIQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRNSX Catholic Responsible Investments International Small-Cap Fund	9.24%	27.12%	7.72%	12.24%	-12.42%
FIQIX Fidelity Advisor International Small Cap Fund Class Z	9.73%	24.80%	0.14%	19.76%	-12.91%

Correlation

The correlation between CRNSX and FIQIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.89

The correlation between CRNSX and FIQIX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

CRNSX vs. FIQIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRNSX

CRNSX Risk / Return Rank: 33
CRNSX Sharpe Ratio Rank: 35
CRNSX Sortino Ratio Rank: 35
CRNSX Omega Ratio Rank: 36
CRNSX Calmar Ratio Rank: 28
CRNSX Martin Ratio Rank: 31

FIQIX

FIQIX Risk / Return Rank: 27
FIQIX Sharpe Ratio Rank: 29
FIQIX Sortino Ratio Rank: 28
FIQIX Omega Ratio Rank: 30
FIQIX Calmar Ratio Rank: 23
FIQIX Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRNSX vs. FIQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX). 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.

	CRNSX	FIQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.52	+0.13
Sortino ratio: Return per unit of downside risk	2.40	2.20	+0.20
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	1.88	1.73	+0.15
Martin ratio: Return relative to average drawdown	6.94	6.21	+0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRNSX vs. FIQIX - Sharpe Ratio Comparison

The current CRNSX Sharpe Ratio is 1.65, which is comparable to the FIQIX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of CRNSX and FIQIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRNSX	FIQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.52	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.60	+0.02

Drawdowns

CRNSX vs. FIQIX - Drawdown Comparison

The maximum CRNSX drawdown since its inception was -28.68%, smaller than the maximum FIQIX drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for CRNSX and FIQIX.

Drawdown Indicators

	CRNSX	FIQIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.68%	-36.61%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-10.72%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-12.91%	-12.65%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.95%	—
Current Drawdown Current decline from peak	-1.20%	-1.53%	+0.33%
Average Drawdown Average peak-to-trough decline	-7.20%	-6.76%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.99%	+0.11%

Volatility

CRNSX vs. FIQIX - Volatility Comparison

Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX) have volatilities of 3.79% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRNSX	FIQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.83%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	10.16%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	12.22%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	13.57%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	15.14%	+0.05%

CRNSX vs. FIQIX - Expense Ratio Comparison

CRNSX has a 1.15% expense ratio, which is higher than FIQIX's 0.89% expense ratio.

Dividends

CRNSX vs. FIQIX - Dividend Comparison

CRNSX's dividend yield for the trailing twelve months is around 9.70%, more than FIQIX's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CRNSX Catholic Responsible Investments International Small-Cap Fund	9.70%	10.39%	2.63%	2.37%	1.94%	0.00%	0.00%	0.00%	0.00%
FIQIX Fidelity Advisor International Small Cap Fund Class Z	3.36%	3.68%	2.73%	1.99%	0.83%	7.39%	0.93%	2.47%	6.33%

Frequently Asked Questions

Can I hold both CRNSX and FIQIX in my portfolio?

With a correlation of 0.92, CRNSX and FIQIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CRNSX or FIQIX?

FIQIX has higher volatility (3.83%) compared to CRNSX (3.79%). In terms of maximum drawdown, CRNSX dropped -28.68% vs FIQIX's -36.61%.

Which has better risk-adjusted returns?

CRNSX currently has the higher Sharpe Ratio (1.65 vs 1.52), 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.