FIQJX vs. FSISX
FIQJX (Fidelity Advisor International Small Cap Opportunities Fund Class Z) and FSISX (Fidelity SAI International Small Cap Index Fund) are both Foreign Small & Mid Cap Equities funds from Fidelity. Over the past 5 years, FIQJX returned 3.93%/yr vs 5.71%/yr for FSISX. Their correlation of 0.93 means they have usually moved in the same direction. FIQJX charges 1.11%/yr vs 0.10%/yr for FSISX.
Performance
FIQJX vs. FSISX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQJX achieves a 6.36% return, which is significantly lower than FSISX's 10.59% return.
FIQJX
- 1D
- 2.03%
- 1M
- -0.35%
- 6M
- 3.22%
- YTD
- 6.36%
- 1Y
- 11.44%
- 3Y*
- 13.73%
- 5Y*
- 3.93%
- 10Y*
- —
- ALL TIME*
- 8.75%
FSISX
- 1D
- 2.13%
- 1M
- 1.59%
- 6M
- 5.03%
- YTD
- 10.59%
- 1Y
- 20.79%
- 3Y*
- 15.34%
- 5Y*
- 5.71%
- 10Y*
- —
- ALL TIME*
- 5.61%
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 |
FIQJX vs. FSISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z | 6.36% | 25.17% | 4.17% | 17.10% | -28.85% | 10.98% |
FSISX Fidelity SAI International Small Cap Index Fund | 10.59% | 32.61% | 1.74% | 13.23% | -21.18% | -0.40% |
Correlation
The correlation between FIQJX and FSISX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.93 |
The correlation between FIQJX and FSISX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FIQJX vs. FSISX — Risk / Return Rank
FIQJX
FSISX
FIQJX vs. FSISX - 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 Fidelity SAI International Small Cap Index Fund (FSISX). 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 | FSISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.80 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.46 | 6.31 | -2.85 |
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Drawdowns
FIQJX vs. FSISX - Drawdown Comparison
The maximum FIQJX drawdown since its inception was -40.67%, which is greater than FSISX's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for FIQJX and FSISX.
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Drawdown Indicators
| FIQJX | FSISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.67% | -36.84% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -11.73% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -14.32% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -40.67% | -36.84% | -3.83% |
Current DrawdownCurrent decline from peak | -2.24% | -1.03% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -12.80% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.33% | +0.14% |
Volatility
FIQJX vs. FSISX - Volatility Comparison
Fidelity Advisor International Small Cap Opportunities Fund Class Z (FIQJX) and Fidelity SAI International Small Cap Index Fund (FSISX) have volatilities of 4.24% and 4.39%, 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
| FIQJX | FSISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.39% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 11.84% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 14.24% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 15.98% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 15.86% | +1.44% |
FIQJX vs. FSISX - Expense Ratio Comparison
FIQJX has a 1.11% expense ratio, which is higher than FSISX's 0.10% expense ratio.
Dividends
FIQJX vs. FSISX - Dividend Comparison
FIQJX's dividend yield for the trailing twelve months is around 11.42%, more than FSISX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z | 11.42% | 12.14% | 6.63% | 3.88% | 6.61% | 9.01% | 0.00% | 1.24% | 3.21% |
FSISX Fidelity SAI International Small Cap Index Fund | 3.34% | 3.70% | 3.33% | 3.13% | 3.02% | 1.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FIQJX and FSISX 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.
FSISX has higher volatility (4.39%) compared to FIQJX (4.24%). In terms of maximum drawdown, FIQJX dropped -40.67% vs FSISX's -36.84%.
FSISX currently has the higher Sharpe Ratio (1.49 vs 0.84), 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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