FICSX vs. FTISX
FICSX (Fidelity Advisor International Small Cap Fund Class C) and FTISX (Fidelity Advisor International Small Cap Fund Class M) are both Foreign Small & Mid Cap Equities funds from Fidelity. Over the past 10 years, FICSX returned 7.84%/yr vs 8.34%/yr for FTISX. With a 1.00 correlation, they move nearly in lockstep. FICSX charges 2.05%/yr vs 1.57%/yr for FTISX.
Performance
FICSX vs. FTISX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FICSX having a 9.70% return and FTISX slightly higher at 9.95%. Over the past 10 years, FICSX has underperformed FTISX with an annualized return of 7.84%, while FTISX has yielded a comparatively higher 8.34% annualized return.
FICSX
- 1D
- -0.39%
- 1M
- 3.33%
- YTD
- 9.70%
- 6M
- 11.56%
- 1Y
- 17.70%
- 3Y*
- 13.26%
- 5Y*
- 5.20%
- 10Y*
- 7.84%
FTISX
- 1D
- -0.38%
- 1M
- 3.39%
- YTD
- 9.95%
- 6M
- 11.86%
- 1Y
- 18.31%
- 3Y*
- 13.82%
- 5Y*
- 5.72%
- 10Y*
- 8.34%
FICSX vs. FTISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICSX Fidelity Advisor International Small Cap Fund Class C | 9.70% | 23.45% | -1.00% | 18.40% | -17.50% | 12.27% | 8.81% | 20.21% | -16.98% | 30.98% |
FTISX Fidelity Advisor International Small Cap Fund Class M | 9.95% | 24.03% | -0.46% | 18.97% | -17.12% | 12.83% | 9.29% | 20.77% | -16.57% | 31.41% |
Correlation
The correlation between FICSX and FTISX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2002 | 1.00 |
The correlation between FICSX and FTISX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FICSX vs. FTISX — Risk / Return Rank
FICSX
FTISX
FICSX vs. FTISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class C (FICSX) and Fidelity Advisor International Small Cap Fund Class M (FTISX). 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.
| FICSX | FTISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.67 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.72 | 5.95 | -0.24 |
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
| FICSX | FTISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.47 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.42 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.71 | -0.03 |
Drawdowns
FICSX vs. FTISX - Drawdown Comparison
The maximum FICSX drawdown since its inception was -61.39%, roughly equal to the maximum FTISX drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for FICSX and FTISX.
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Drawdown Indicators
| FICSX | FTISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.39% | -61.12% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -10.75% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -12.95% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | -31.45% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -39.55% | -0.63% |
Current DrawdownCurrent decline from peak | -1.10% | -1.08% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -10.98% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.01% | +0.02% |
Volatility
FICSX vs. FTISX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class C (FICSX) and Fidelity Advisor International Small Cap Fund Class M (FTISX) have volatilities of 3.80% and 3.80%, 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
| FICSX | FTISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 3.80% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 10.14% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 12.23% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 13.57% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 14.05% | +0.01% |
FICSX vs. FTISX - Expense Ratio Comparison
FICSX has a 2.05% expense ratio, which is higher than FTISX's 1.57% expense ratio.
Dividends
FICSX vs. FTISX - Dividend Comparison
FICSX's dividend yield for the trailing twelve months is around 2.49%, less than FTISX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICSX Fidelity Advisor International Small Cap Fund Class C | 2.49% | 2.73% | 1.59% | 0.97% | 0.00% | 6.57% | 0.00% | 1.20% | 5.20% | 2.59% | 1.66% | 2.93% |
FTISX Fidelity Advisor International Small Cap Fund Class M | 2.97% | 3.26% | 2.24% | 1.40% | 0.13% | 6.94% | 0.34% | 1.81% | 5.50% | 2.52% | 2.08% | 2.86% |
Frequently Asked Questions
With a correlation of 1.00, FICSX and FTISX 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.
FTISX has higher volatility (3.80%) compared to FICSX (3.80%). In terms of maximum drawdown, FICSX dropped -61.39% vs FTISX's -61.12%.
FTISX currently has the higher Sharpe Ratio (1.47 vs 1.42), 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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