FIQIX vs. VB

Last updated Aug 1, 2026

FIQIX (Fidelity Advisor International Small Cap Fund Class Z) and VB (Vanguard Small-Cap ETF) are both funds - FIQIX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index. Over the past 5 years, FIQIX returned 5.94%/yr vs 7.45%/yr for VB. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FIQIX charges 0.89%/yr vs 0.03%/yr for VB.

Performance

FIQIX vs. VB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and Vanguard Small-Cap ETF (VB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIQIX achieves a 6.19% return, which is significantly lower than VB's 15.19% 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%

VB

• 1D: -0.22%
• 1M: -1.73%
• 6M: 10.09%
• YTD: 15.19%
• 1Y: 25.91%
• 3Y*: 14.02%
• 5Y*: 7.45%
• 10Y*: 11.08%
• ALL TIME*: 9.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIQIX Fidelity Advisor International Small Cap Fund Class Z	$0.00	$0.00	$0.00
VB Vanguard Small-Cap ETF	$121.48M	$119.40M	$165.11M

FIQIX vs. VB - 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%
VB Vanguard Small-Cap ETF	15.19%	8.87%	14.17%	18.22%	-17.51%	17.57%	19.19%	27.34%	-13.59%

Correlation

The correlation between FIQIX and VB is 0.64, 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.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.71

The correlation between FIQIX and VB has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

FIQIX vs. VB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIQIX

FIQIX Risk / Return Rank: 27
FIQIX Sharpe Ratio Rank: 28
FIQIX Sortino Ratio Rank: 28
FIQIX Omega Ratio Rank: 29
FIQIX Calmar Ratio Rank: 26
FIQIX Martin Ratio Rank: 27

VB

VB Risk / Return Rank: 69
VB Sharpe Ratio Rank: 63
VB Sortino Ratio Rank: 65
VB Omega Ratio Rank: 60
VB Calmar Ratio Rank: 76
VB Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIQIX vs. VB - 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 Vanguard Small-Cap ETF (VB). 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	VB	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.46	-0.54
Sortino ratio: Return per unit of downside risk	1.37	2.13	-0.76
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.17	2.67	-1.50
Martin ratio: Return relative to average drawdown	3.80	9.73	-5.93

FIQIX vs. VB - Sharpe Ratio Comparison

The current FIQIX Sharpe Ratio is 0.92, which is lower than the VB Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of FIQIX and VB, 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

FIQIX vs. VB - Drawdown Comparison

The maximum FIQIX drawdown since its inception was -36.61%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for FIQIX and VB.

Drawdown Indicators

	FIQIX	VB	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-59.56%	+22.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-8.98%	-1.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-25.36%	+12.71%
Max Drawdown (5Y) Largest decline over 5 years	-30.95%	-28.15%	-2.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.05%	—
Current Drawdown Current decline from peak	-4.75%	-2.63%	-2.12%
Average Drawdown Average peak-to-trough decline	-6.69%	-8.39%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	2.46%	+0.83%

Volatility

FIQIX vs. VB - Volatility Comparison

Fidelity Advisor International Small Cap Fund Class Z (FIQIX) has a higher volatility of 4.76% compared to Vanguard Small-Cap ETF (VB) at 3.36%. This indicates that FIQIX's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQIX	VB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	3.36%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	12.01%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	16.47%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	20.69%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	21.37%	-6.17%

FIQIX vs. VB - Expense Ratio Comparison

FIQIX has a 0.89% expense ratio, which is higher than VB's 0.03% expense ratio.

Dividends

FIQIX vs. VB - Dividend Comparison

FIQIX's dividend yield for the trailing twelve months is around 3.47%, more than VB's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VB Vanguard Small-Cap ETF	1.22%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%

Frequently Asked Questions

Can I hold both FIQIX and VB in my portfolio?

FIQIX and VB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIQIX or VB?

FIQIX has higher volatility (4.76%) compared to VB (3.36%). In terms of maximum drawdown, FIQIX dropped -36.61% vs VB's -59.56%.

Which has better risk-adjusted returns?

VB currently has the higher Sharpe Ratio (1.46 vs 0.92), 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.