FIQJX vs. AVDVX
FIQJX (Fidelity Advisor International Small Cap Opportunities Fund Class Z) and AVDVX (Avantis International Small Cap Value Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, FIQJX returned 5.14%/yr vs 14.80%/yr for AVDVX. Their correlation of 0.85 suggests significant overlap in exposure. FIQJX charges 1.11%/yr vs 0.36%/yr for AVDVX.
Performance
FIQJX vs. AVDVX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQJX achieves a 6.77% return, which is significantly lower than AVDVX's 15.65% return.
FIQJX
- 1D
- 0.43%
- 1M
- -1.15%
- YTD
- 6.77%
- 6M
- 7.42%
- 1Y
- 15.76%
- 3Y*
- 13.72%
- 5Y*
- 5.14%
- 10Y*
- —
AVDVX
- 1D
- 0.16%
- 1M
- 0.05%
- YTD
- 15.65%
- 6M
- 16.00%
- 1Y
- 43.90%
- 3Y*
- 26.32%
- 5Y*
- 14.80%
- 10Y*
- —
FIQJX vs. AVDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z | 6.77% | 25.17% | 4.17% | 17.10% | -28.85% | 17.85% | 19.73% | 4.27% |
AVDVX Avantis International Small Cap Value Fund | 15.65% | 48.24% | 8.41% | 16.75% | -10.88% | 15.46% | 5.65% | 5.61% |
Correlation
The correlation between FIQJX and AVDVX is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.85 |
The correlation between FIQJX and AVDVX has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
FIQJX vs. AVDVX — Risk / Return Rank
FIQJX
AVDVX
FIQJX vs. AVDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Opportunities Fund Class Z (FIQJX) and Avantis International Small Cap Value Fund (AVDVX). 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.
| FIQJX | AVDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.48 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.34 | -1.95 |
| Martin ratioReturn relative to average drawdown | 4.57 | 13.00 | -8.43 |
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Drawdowns
FIQJX vs. AVDVX - Drawdown Comparison
The maximum FIQJX drawdown since its inception was -40.67%, smaller than the maximum AVDVX drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for FIQJX and AVDVX.
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Drawdown Indicators
| FIQJX | AVDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -43.06% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -12.92% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -13.84% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.67% | -27.37% | -13.30% |
Current DrawdownCurrent decline from peak | -1.86% | -2.07% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -11.76% | -6.68% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.31% | +0.03% |
Volatility
FIQJX vs. AVDVX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Opportunities Fund Class Z (FIQJX) is 4.74%, while Avantis International Small Cap Value Fund (AVDVX) has a volatility of 5.78%. This indicates that FIQJX experiences smaller price fluctuations and is considered to be less risky than AVDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQJX | AVDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.78% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 13.35% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 15.90% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 16.82% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 19.43% | -2.08% |
FIQJX vs. AVDVX - Expense Ratio Comparison
FIQJX has a 1.11% expense ratio, which is higher than AVDVX's 0.36% expense ratio.
Dividends
FIQJX vs. AVDVX - Dividend Comparison
FIQJX's dividend yield for the trailing twelve months is around 11.37%, more than AVDVX's 9.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVDVX Avantis International Small Cap Value Fund | 9.06% | 10.48% | 4.35% | 3.52% | 3.33% | 4.23% | 1.35% | 0.39% | 0.00% |
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z | 11.37% | 12.14% | 6.63% | 3.88% | 6.61% | 9.01% | 0.00% | 1.24% | 3.21% |
Frequently Asked Questions
FIQJX and AVDVX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDVX has higher volatility (5.78%) compared to FIQJX (4.74%). In terms of maximum drawdown, FIQJX dropped -40.67% vs AVDVX's -43.06%.
AVDVX currently has the higher Sharpe Ratio (2.71 vs 1.09), 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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