FIASX vs. ALOIX
FIASX (Fidelity Advisor International Small Cap Fund Class A) and ALOIX (Virtus International Small-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FIASX returned 8.79%/yr vs 7.99%/yr for ALOIX. Their correlation of 0.84 suggests significant overlap in exposure. FIASX charges 1.29%/yr vs 1.04%/yr for ALOIX.
Performance
FIASX vs. ALOIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIASX achieves a 11.18% return, which is significantly lower than ALOIX's 14.32% return. Over the past 10 years, FIASX has outperformed ALOIX with an annualized return of 8.79%, while ALOIX has yielded a comparatively lower 7.99% annualized return.
FIASX
- 1D
- 0.86%
- 1M
- 1.42%
- YTD
- 11.18%
- 6M
- 11.70%
- 1Y
- 19.84%
- 3Y*
- 13.59%
- 5Y*
- 6.77%
- 10Y*
- 8.79%
ALOIX
- 1D
- 0.14%
- 1M
- 0.68%
- YTD
- 14.32%
- 6M
- 15.33%
- 1Y
- 36.00%
- 3Y*
- 19.41%
- 5Y*
- 7.08%
- 10Y*
- 7.99%
FIASX vs. ALOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIASX Fidelity Advisor International Small Cap Fund Class A | 11.18% | 24.33% | -0.23% | 19.32% | -16.90% | 13.15% | 9.63% | 21.14% | -16.35% | 31.47% |
ALOIX Virtus International Small-Cap Fund | 14.32% | 36.22% | 2.65% | 19.43% | -26.96% | 6.02% | 15.92% | 24.57% | -22.78% | 37.59% |
Correlation
The correlation between FIASX and ALOIX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.84 |
The correlation between FIASX and ALOIX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
FIASX vs. ALOIX — Risk / Return Rank
FIASX
ALOIX
FIASX vs. ALOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class A (FIASX) and Virtus International Small-Cap Fund (ALOIX). 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.
| FIASX | ALOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.50 | -1.73 |
| Martin ratioReturn relative to average drawdown | 6.23 | 12.95 | -6.72 |
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Drawdowns
FIASX vs. ALOIX - Drawdown Comparison
The maximum FIASX drawdown since its inception was -60.99%, smaller than the maximum ALOIX drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for FIASX and ALOIX.
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Drawdown Indicators
| FIASX | ALOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.99% | -79.29% | +18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -10.07% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -14.03% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -39.41% | +8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -42.79% | +3.63% |
Current DrawdownCurrent decline from peak | -0.12% | -1.21% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -34.81% | +24.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.72% | +0.33% |
Volatility
FIASX vs. ALOIX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class A (FIASX) and Virtus International Small-Cap Fund (ALOIX) have volatilities of 5.02% and 4.84%, 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.
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Volatility by Period
| FIASX | ALOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 4.84% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 10.99% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 13.15% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 15.03% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 16.65% | -2.58% |
FIASX vs. ALOIX - Expense Ratio Comparison
FIASX has a 1.29% expense ratio, which is higher than ALOIX's 1.04% expense ratio.
Dividends
FIASX vs. ALOIX - Dividend Comparison
FIASX's dividend yield for the trailing twelve months is around 3.07%, less than ALOIX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALOIX Virtus International Small-Cap Fund | 3.97% | 4.54% | 3.50% | 4.93% | 1.25% | 19.08% | 1.38% | 1.62% | 18.17% | 1.52% | 1.04% | 0.54% |
FIASX Fidelity Advisor International Small Cap Fund Class A | 3.07% | 3.41% | 2.40% | 1.67% | 0.42% | 7.18% | 0.56% | 2.11% | 5.95% | 2.51% | 2.46% | 2.85% |
Frequently Asked Questions
FIASX and ALOIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIASX has higher volatility (5.02%) compared to ALOIX (4.84%). In terms of maximum drawdown, FIASX dropped -60.99% vs ALOIX's -79.29%.
ALOIX currently has the higher Sharpe Ratio (2.68 vs 1.48), 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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