CRNSX vs. FSISX

Last updated Jun 26, 2026

CRNSX (Catholic Responsible Investments International Small-Cap Fund) and FSISX (Fidelity SAI International Small Cap Index Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, CRNSX returned 16.78%/yr vs 16.13%/yr for FSISX. Their correlation of 0.91 suggests significant overlap in exposure. CRNSX charges 1.15%/yr vs 0.10%/yr for FSISX.

Performance

CRNSX vs. FSISX - 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 SAI International Small Cap Index Fund (FSISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CRNSX having a 7.08% return and FSISX slightly lower at 7.03%.

CRNSX

• 1D: -0.25%
• 1M: -3.02%
• YTD: 7.08%
• 6M: 6.60%
• 1Y: 17.05%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

FSISX

• 1D: 0.00%
• 1M: -3.89%
• YTD: 7.03%
• 6M: 7.03%
• 1Y: 19.69%
• 3Y*: 16.13%
• 5Y*: 5.14%
• 10Y*: —

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

CRNSX vs. FSISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRNSX Catholic Responsible Investments International Small-Cap Fund	7.08%	27.12%	7.72%	12.24%	-12.42%
FSISX Fidelity SAI International Small Cap Index Fund	7.03%	32.61%	1.74%	13.23%	-14.48%

Correlation

The correlation between CRNSX and FSISX 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	0.89
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022	0.91

The correlation between CRNSX and FSISX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

CRNSX vs. FSISX — Risk / Return Rank

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

CRNSX

CRNSX Risk / Return Rank: 28
CRNSX Sharpe Ratio Rank: 28
CRNSX Sortino Ratio Rank: 29
CRNSX Omega Ratio Rank: 30
CRNSX Calmar Ratio Rank: 23
CRNSX Martin Ratio Rank: 28

FSISX

FSISX Risk / Return Rank: 33
FSISX Sharpe Ratio Rank: 35
FSISX Sortino Ratio Rank: 35
FSISX Omega Ratio Rank: 35
FSISX Calmar Ratio Rank: 29
FSISX Martin Ratio Rank: 32

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. FSISX - 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 SAI International Small Cap Index Fund (FSISX). 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.

	CRNSX	FSISX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.43	-0.18
Sortino ratio: Return per unit of downside risk	1.83	2.06	-0.23
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.47	1.69	-0.23
Martin ratio: Return relative to average drawdown	5.35	6.15	-0.80

CRNSX vs. FSISX - Sharpe Ratio Comparison

The current CRNSX Sharpe Ratio is 1.25, which is comparable to the FSISX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of CRNSX and FSISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRNSX vs. FSISX - Drawdown Comparison

The maximum CRNSX drawdown since its inception was -28.68%, smaller than the maximum FSISX drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for CRNSX and FSISX.

Drawdown Indicators

	CRNSX	FSISX	Difference
Max Drawdown Largest peak-to-trough decline	-28.68%	-36.84%	+8.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-11.73%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-12.91%	-14.75%	+1.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.84%	—
Current Drawdown Current decline from peak	-3.49%	-4.22%	+0.73%
Average Drawdown Average peak-to-trough decline	-7.13%	-12.99%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.22%	-0.09%

Volatility

CRNSX vs. FSISX - Volatility Comparison

Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Fidelity SAI International Small Cap Index Fund (FSISX) have volatilities of 4.85% and 4.77%, 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	FSISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.77%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	11.49%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	13.96%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	15.98%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	15.90%	-0.67%

CRNSX vs. FSISX - Expense Ratio Comparison

CRNSX has a 1.15% expense ratio, which is higher than FSISX's 0.10% expense ratio.

Dividends

CRNSX vs. FSISX - Dividend Comparison

CRNSX's dividend yield for the trailing twelve months is around 9.89%, more than FSISX's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021
CRNSX Catholic Responsible Investments International Small-Cap Fund	9.89%	10.39%	2.63%	2.37%	1.94%	0.00%
FSISX Fidelity SAI International Small Cap Index Fund	3.45%	3.70%	3.33%	3.13%	3.02%	1.30%

Frequently Asked Questions

Can I hold both CRNSX and FSISX in my portfolio?

With a correlation of 0.92, CRNSX and FSISX 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 FSISX?

CRNSX has higher volatility (4.85%) compared to FSISX (4.77%). In terms of maximum drawdown, CRNSX dropped -28.68% vs FSISX's -36.84%.

Which has better risk-adjusted returns?

FSISX currently has the higher Sharpe Ratio (1.43 vs 1.25), 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.