DISV vs. FSISX

Last updated Jun 24, 2026

DISV (Dimensional International Small Cap Value ETF) and FSISX (Fidelity SAI International Small Cap Index Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, DISV returned 23.41%/yr vs 16.89%/yr for FSISX. Their correlation of 0.91 suggests significant overlap in exposure. DISV charges 0.42%/yr vs 0.10%/yr for FSISX.

Performance

DISV vs. FSISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Small Cap Value ETF (DISV) and Fidelity SAI International Small Cap Index Fund (FSISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DISV achieves a 6.66% return, which is significantly lower than FSISX's 9.14% return.

DISV

• 1D: -2.93%
• 1M: -3.68%
• YTD: 6.66%
• 6M: 6.73%
• 1Y: 28.97%
• 3Y*: 23.41%
• 5Y*: —
• 10Y*: —

FSISX

• 1D: -0.26%
• 1M: -0.53%
• YTD: 9.14%
• 6M: 9.14%
• 1Y: 23.34%
• 3Y*: 16.89%
• 5Y*: 5.75%
• 10Y*: —

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

DISV vs. FSISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DISV Dimensional International Small Cap Value ETF	6.66%	47.42%	5.87%	19.52%	-9.36%
FSISX Fidelity SAI International Small Cap Index Fund	9.14%	32.61%	1.74%	13.23%	-13.23%

Correlation

The correlation between DISV and FSISX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022	0.91

The correlation between DISV and FSISX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

DISV vs. FSISX — Risk / Return Rank

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

DISV

DISV Risk / Return Rank: 55
DISV Sharpe Ratio Rank: 60
DISV Sortino Ratio Rank: 58
DISV Omega Ratio Rank: 58
DISV Calmar Ratio Rank: 48
DISV Martin Ratio Rank: 51

FSISX

FSISX Risk / Return Rank: 39
FSISX Sharpe Ratio Rank: 42
FSISX Sortino Ratio Rank: 41
FSISX Omega Ratio Rank: 42
FSISX Calmar Ratio Rank: 34
FSISX Martin Ratio Rank: 36

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.

DISV vs. FSISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Small Cap Value ETF (DISV) 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.

	DISV	FSISX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.76	+0.16
Sortino ratio: Return per unit of downside risk	2.62	2.51	+0.11
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.29	2.07	+0.22
Martin ratio: Return relative to average drawdown	8.44	7.59	+0.85

DISV vs. FSISX - Sharpe Ratio Comparison

The current DISV Sharpe Ratio is 1.92, which is comparable to the FSISX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of DISV 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

DISV vs. FSISX - Drawdown Comparison

The maximum DISV drawdown since its inception was -26.77%, smaller than the maximum FSISX drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for DISV and FSISX.

Drawdown Indicators

	DISV	FSISX	Difference
Max Drawdown Largest peak-to-trough decline	-26.77%	-36.84%	+10.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-11.73%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.15%	-14.75%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.84%	—
Current Drawdown Current decline from peak	-6.16%	-2.33%	-3.83%
Average Drawdown Average peak-to-trough decline	-4.88%	-13.00%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	3.19%	+0.25%

Volatility

DISV vs. FSISX - Volatility Comparison

Dimensional International Small Cap Value ETF (DISV) has a higher volatility of 5.57% compared to Fidelity SAI International Small Cap Index Fund (FSISX) at 4.39%. This indicates that DISV's price experiences larger fluctuations and is considered to be riskier than FSISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DISV	FSISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	4.39%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	11.37%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	13.85%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	15.95%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	15.89%	+1.54%

DISV vs. FSISX - Expense Ratio Comparison

DISV has a 0.42% expense ratio, which is higher than FSISX's 0.10% expense ratio.

Dividends

DISV vs. FSISX - Dividend Comparison

DISV's dividend yield for the trailing twelve months is around 2.48%, less than FSISX's 3.39% yield.

Position	TTM	2025	2024	2023	2022	2021
DISV Dimensional International Small Cap Value ETF	2.48%	2.69%	2.77%	2.73%	1.23%	0.00%
FSISX Fidelity SAI International Small Cap Index Fund	3.39%	3.70%	3.33%	3.13%	3.02%	1.30%

Frequently Asked Questions

Can I hold both DISV and FSISX in my portfolio?

DISV and FSISX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DISV or FSISX?

DISV has higher volatility (5.57%) compared to FSISX (4.39%). In terms of maximum drawdown, DISV dropped -26.77% vs FSISX's -36.84%.

Which has better risk-adjusted returns?

DISV currently has the higher Sharpe Ratio (1.92 vs 1.76), 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.