FIQIX vs. ARTJX
FIQIX (Fidelity Advisor International Small Cap Fund Class Z) and ARTJX (Artisan International Small-Mid Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, FIQIX returned 5.94%/yr vs 0.91%/yr for ARTJX. Their correlation of 0.84 means they have usually moved in the same direction. FIQIX charges 0.89%/yr vs 1.28%/yr for ARTJX.
Performance
FIQIX vs. ARTJX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQIX achieves a 6.19% return, which is significantly lower than ARTJX's 7.73% return.
FIQIX
- 1D
- 2.21%
- 1M
- -2.29%
- 6M
- 1.63%
- YTD
- 6.19%
- 1Y
- 12.51%
- 3Y*
- 11.53%
- 5Y*
- 5.94%
- 10Y*
- —
- ALL TIME*
- 8.35%
ARTJX
- 1D
- 1.63%
- 1M
- -0.19%
- 6M
- 7.23%
- YTD
- 7.73%
- 1Y
- 14.68%
- 3Y*
- 8.17%
- 5Y*
- 0.91%
- 10Y*
- 7.27%
- ALL TIME*
- 9.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIQIX vs. ARTJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 6.19% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
ARTJX Artisan International Small-Mid Fund | 7.73% | 18.29% | -0.80% | 11.03% | -23.77% | 3.63% | 33.00% | 36.25% | -14.77% |
Correlation
The correlation between FIQIX and ARTJX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.84 |
The correlation between FIQIX and ARTJX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
FIQIX vs. ARTJX — Risk / Return Rank
FIQIX
ARTJX
FIQIX vs. ARTJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and Artisan International Small-Mid Fund (ARTJX). 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.
| FIQIX | ARTJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.35 | -0.18 |
| Martin ratioReturn relative to average drawdown | 3.80 | 4.65 | -0.85 |
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Drawdowns
FIQIX vs. ARTJX - Drawdown Comparison
The maximum FIQIX drawdown since its inception was -36.61%, smaller than the maximum ARTJX drawdown of -64.43%. Use the drawdown chart below to compare losses from any high point for FIQIX and ARTJX.
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Drawdown Indicators
| FIQIX | ARTJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -64.43% | +27.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -10.10% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -17.50% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.95% | -37.04% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -4.75% | -1.34% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -13.18% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.94% | +0.35% |
Volatility
FIQIX vs. ARTJX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class Z (FIQIX) has a higher volatility of 4.76% compared to Artisan International Small-Mid Fund (ARTJX) at 3.76%. This indicates that FIQIX's price experiences larger fluctuations and is considered to be riskier than ARTJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQIX | ARTJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 3.76% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 12.07% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 15.01% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 17.93% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 17.19% | -1.99% |
FIQIX vs. ARTJX - Expense Ratio Comparison
FIQIX has a 0.89% expense ratio, which is lower than ARTJX's 1.28% expense ratio.
Dividends
FIQIX vs. ARTJX - Dividend Comparison
FIQIX's dividend yield for the trailing twelve months is around 3.47%, less than ARTJX's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTJX Artisan International Small-Mid Fund | 5.19% | 5.59% | 0.57% | 0.00% | 0.03% | 2.86% | 0.54% | 0.14% | 73.24% | 13.74% | 6.05% | 3.36% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.47% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIQIX and ARTJX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQIX has higher volatility (4.76%) compared to ARTJX (3.76%). In terms of maximum drawdown, FIQIX dropped -36.61% vs ARTJX's -64.43%.
FIQIX currently has the higher Sharpe Ratio (0.92 vs 0.91), 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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