CVISX vs. FIQIX
Compare and contrast key facts about Causeway International Small Cap Fund (CVISX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX).
CVISX is managed by Causeway. It was launched on Oct 19, 2014. FIQIX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
CVISX vs. FIQIX - Performance Comparison
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CVISX vs. FIQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CVISX Causeway International Small Cap Fund | 4.10% | 32.93% | 9.71% | 26.74% | -11.51% | 21.30% | 2.48% | 18.55% | -12.36% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | -2.49% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
Returns By Period
In the year-to-date period, CVISX achieves a 4.10% return, which is significantly higher than FIQIX's -2.49% return.
CVISX
- 1D
- -0.74%
- 1M
- -10.77%
- YTD
- 4.10%
- 6M
- 8.85%
- 1Y
- 35.37%
- 3Y*
- 22.86%
- 5Y*
- 13.00%
- 10Y*
- 10.79%
FIQIX
- 1D
- -0.30%
- 1M
- -10.40%
- YTD
- -2.49%
- 6M
- -0.76%
- 1Y
- 15.97%
- 3Y*
- 10.38%
- 5Y*
- 5.19%
- 10Y*
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CVISX vs. FIQIX - Expense Ratio Comparison
CVISX has a 1.35% expense ratio, which is higher than FIQIX's 0.89% expense ratio.
Return for Risk
CVISX vs. FIQIX — Risk / Return Rank
CVISX
FIQIX
CVISX vs. FIQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Small Cap Fund (CVISX) 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.
| CVISX | FIQIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 1.11 | +1.13 |
Sortino ratioReturn per unit of downside risk | 2.74 | 1.47 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.28 | +1.42 |
Martin ratioReturn relative to average drawdown | 10.15 | 4.66 | +5.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVISX | FIQIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 1.11 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.39 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.50 | +0.10 |
Correlation
The correlation between CVISX and FIQIX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CVISX vs. FIQIX - Dividend Comparison
CVISX's dividend yield for the trailing twelve months is around 15.91%, more than FIQIX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVISX Causeway International Small Cap Fund | 15.91% | 16.56% | 10.60% | 6.14% | 2.75% | 3.48% | 3.42% | 3.57% | 2.91% | 8.23% | 2.78% | 2.00% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.78% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
Drawdowns
CVISX vs. FIQIX - Drawdown Comparison
The maximum CVISX drawdown since its inception was -48.50%, which is greater than FIQIX's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for CVISX and FIQIX.
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Drawdown Indicators
| CVISX | FIQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.50% | -36.61% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -10.72% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -30.95% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -48.50% | — | — |
Current DrawdownCurrent decline from peak | -10.77% | -10.40% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -6.88% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.93% | +0.24% |
Volatility
CVISX vs. FIQIX - Volatility Comparison
Causeway International Small Cap Fund (CVISX) has a higher volatility of 6.46% compared to Fidelity Advisor International Small Cap Fund Class Z (FIQIX) at 5.72%. This indicates that CVISX's price experiences larger fluctuations and is considered to be riskier than FIQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVISX | FIQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 5.72% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 8.69% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 13.29% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 13.36% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 15.11% | +1.64% |