FIQJX vs. FSTSX

Last updated Jun 6, 2026

FIQJX (Fidelity Advisor International Small Cap Opportunities Fund Class Z) and FSTSX (Fidelity Series International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds from Fidelity. Over the past 5 years, FIQJX returned 4.68%/yr vs 6.02%/yr for FSTSX. With a 0.99 correlation, they move nearly in lockstep. FIQJX charges 1.11%/yr vs 0.03%/yr for FSTSX.

Performance

FIQJX vs. FSTSX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FIQJX having a 6.87% return and FSTSX slightly higher at 6.88%.

FIQJX

• 1D: -0.22%
• 1M: 0.30%
• YTD: 6.87%
• 6M: 8.75%
• 1Y: 16.06%
• 3Y*: 14.36%
• 5Y*: 4.68%
• 10Y*: —

FSTSX

• 1D: -0.16%
• 1M: 0.26%
• YTD: 6.88%
• 6M: 8.74%
• 1Y: 16.92%
• 3Y*: 15.56%
• 5Y*: 6.02%
• 10Y*: 9.79%

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

FIQJX vs. FSTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z	6.87%	25.17%	4.17%	17.10%	-28.85%	17.85%	19.73%	29.22%	-8.85%
FSTSX Fidelity Series International Small Cap Fund	6.88%	27.49%	4.97%	18.36%	-26.25%	18.29%	19.61%	28.24%	-8.34%

Correlation

The correlation between FIQJX and FSTSX 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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.99

The correlation between FIQJX and FSTSX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FIQJX vs. FSTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIQJX

FIQJX Risk / Return Rank: 18
FIQJX Sharpe Ratio Rank: 18
FIQJX Sortino Ratio Rank: 19
FIQJX Omega Ratio Rank: 18
FIQJX Calmar Ratio Rank: 18
FIQJX Martin Ratio Rank: 20

FSTSX

FSTSX Risk / Return Rank: 19
FSTSX Sharpe Ratio Rank: 19
FSTSX Sortino Ratio Rank: 19
FSTSX Omega Ratio Rank: 18
FSTSX Calmar Ratio Rank: 18
FSTSX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIQJX vs. FSTSX - 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 Series International Small Cap Fund (FSTSX). 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.

	FIQJX	FSTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.18	-0.03
Sortino ratio: Return per unit of downside risk	1.70	1.75	-0.04
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.43	1.46	-0.03
Martin ratio: Return relative to average drawdown	4.75	4.94	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIQJX vs. FSTSX - Sharpe Ratio Comparison

The current FIQJX Sharpe Ratio is 1.14, which is comparable to the FSTSX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FIQJX and FSTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIQJX	FSTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.18	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.37	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.62	-0.10

Drawdowns

FIQJX vs. FSTSX - Drawdown Comparison

The maximum FIQJX drawdown since its inception was -40.67%, roughly equal to the maximum FSTSX drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for FIQJX and FSTSX.

Drawdown Indicators

	FIQJX	FSTSX	Difference
Max Drawdown Largest peak-to-trough decline	-40.67%	-38.91%	-1.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-11.22%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-14.47%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-40.67%	-38.91%	-1.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.91%	—
Current Drawdown Current decline from peak	-1.78%	-1.85%	+0.07%
Average Drawdown Average peak-to-trough decline	-11.81%	-7.89%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	3.31%	-0.02%

Volatility

FIQJX vs. FSTSX - Volatility Comparison

Fidelity Advisor International Small Cap Opportunities Fund Class Z (FIQJX) and Fidelity Series International Small Cap Fund (FSTSX) have volatilities of 4.33% and 4.44%, 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.

Volatility by Period

	FIQJX	FSTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.44%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	11.07%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	13.92%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	16.42%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	15.94%	+1.40%

FIQJX vs. FSTSX - Expense Ratio Comparison

FIQJX has a 1.11% expense ratio, which is higher than FSTSX's 0.03% expense ratio.

Dividends

FIQJX vs. FSTSX - Dividend Comparison

FIQJX's dividend yield for the trailing twelve months is around 11.36%, less than FSTSX's 14.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQJX Fidelity Advisor International Small Cap Opportunities Fund Class Z	11.36%	12.14%	6.63%	3.88%	6.61%	9.01%	0.00%	1.24%	3.21%	0.00%	0.00%	0.00%
FSTSX Fidelity Series International Small Cap Fund	14.26%	15.24%	10.22%	3.34%	6.38%	13.22%	0.81%	4.27%	10.99%	6.30%	4.01%	7.32%

Frequently Asked Questions

Can I hold both FIQJX and FSTSX in my portfolio?

With a correlation of 1.00, FIQJX and FSTSX 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.

Which is riskier, FIQJX or FSTSX?

FSTSX has higher volatility (4.44%) compared to FIQJX (4.33%). In terms of maximum drawdown, FIQJX dropped -40.67% vs FSTSX's -38.91%.

Which has better risk-adjusted returns?

FSTSX currently has the higher Sharpe Ratio (1.18 vs 1.14), 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.