FISMX vs. AOR
FISMX (Fidelity International Small Cap Fund) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both funds - FISMX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Over the past 10 years, FISMX returned 9.03%/yr vs 8.52%/yr for AOR. A 0.77 correlation means they provide meaningful diversification when combined. FISMX charges 1.01%/yr vs 0.15%/yr for AOR.
Performance
FISMX vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, FISMX achieves a 8.75% return, which is significantly higher than AOR's 6.83% return. Over the past 10 years, FISMX has outperformed AOR with an annualized return of 9.03%, while AOR has yielded a comparatively lower 8.52% annualized return.
FISMX
- 1D
- 2.56%
- 1M
- -1.31%
- YTD
- 8.75%
- 6M
- 10.42%
- 1Y
- 15.32%
- 3Y*
- 13.58%
- 5Y*
- 5.98%
- 10Y*
- 9.03%
AOR
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- 6.83%
- 6M
- 7.42%
- 1Y
- 17.08%
- 3Y*
- 13.55%
- 5Y*
- 6.78%
- 10Y*
- 8.52%
FISMX vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 8.75% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.83% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between FISMX and AOR is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.77 |
The correlation between FISMX and AOR has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
FISMX vs. AOR — Risk / Return Rank
FISMX
AOR
FISMX vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and iShares Core 60/40 Balanced Allocation ETF (AOR). 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.
| FISMX | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.58 | -1.11 |
| Martin ratioReturn relative to average drawdown | 5.19 | 11.10 | -5.91 |
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Drawdowns
FISMX vs. AOR - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for FISMX and AOR.
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Drawdown Indicators
| FISMX | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -24.44% | -36.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -6.64% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -9.77% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -21.72% | -9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -22.95% | -15.85% |
Current DrawdownCurrent decline from peak | -2.37% | -1.05% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -3.47% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.55% | +1.49% |
Volatility
FISMX vs. AOR - Volatility Comparison
Fidelity International Small Cap Fund (FISMX) has a higher volatility of 4.94% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.50%. This indicates that FISMX's price experiences larger fluctuations and is considered to be riskier than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.50% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 7.32% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 8.85% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 10.61% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 10.70% | +3.38% |
FISMX vs. AOR - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
FISMX vs. AOR - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.29%, more than AOR's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.48% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
FISMX Fidelity International Small Cap Fund | 3.29% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
Frequently Asked Questions
FISMX and AOR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISMX has higher volatility (4.94%) compared to AOR (3.50%). In terms of maximum drawdown, FISMX dropped -60.94% vs AOR's -24.44%.
AOR currently has the higher Sharpe Ratio (1.94 vs 1.24), 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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