FISMX vs. BTC-USD
FISMX (Fidelity International Small Cap Fund) is Foreign Small & Mid Cap Equities fund managed by Fidelity, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, FISMX returned 8.41%/yr vs 58.69%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
FISMX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FISMX achieves a 4.92% return, which is significantly higher than BTC-USD's -23.90% return. Over the past 10 years, FISMX has underperformed BTC-USD with an annualized return of 8.41%, while BTC-USD has yielded a comparatively higher 58.69% annualized return.
FISMX
- 1D
- -0.87%
- 1M
- -5.73%
- 6M
- 3.32%
- YTD
- 4.92%
- 1Y
- 9.70%
- 3Y*
- 11.45%
- 5Y*
- 5.92%
- 10Y*
- 8.41%
- ALL TIME*
- 11.17%
BTC-USD
- 1D
- 2.10%
- 1M
- 5.29%
- 6M
- -24.60%
- YTD
- -23.90%
- 1Y
- -43.30%
- 3Y*
- 30.74%
- 5Y*
- 15.58%
- 10Y*
- 58.69%
- ALL TIME*
- 89.03%
FISMX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 4.92% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
BTC-USD Bitcoin | -23.90% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between FISMX and BTC-USD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.11 |
The correlation between FISMX and BTC-USD shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FISMX vs. BTC-USD — Risk / Return Rank
FISMX
BTC-USD
FISMX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.85 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.82 | +1.78 |
| Martin ratioReturn relative to average drawdown | 3.25 | -1.30 | +4.54 |
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Drawdowns
FISMX vs. BTC-USD - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FISMX and BTC-USD.
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Drawdown Indicators
| FISMX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -85.30% | +24.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -53.08% | +42.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -53.08% | +40.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -76.67% | +45.60% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -83.80% | +45.00% |
Current DrawdownCurrent decline from peak | -5.85% | -46.61% | +40.76% |
Average DrawdownAverage peak-to-trough decline | -10.60% | -42.62% | +32.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 27.11% | -23.94% |
Volatility
FISMX vs. BTC-USD - Volatility Comparison
The current volatility for Fidelity International Small Cap Fund (FISMX) is 4.69%, while Bitcoin (BTC-USD) has a volatility of 9.38%. This indicates that FISMX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 9.38% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 34.69% | -22.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 35.80% | -22.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 43.84% | -30.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 56.33% | -42.40% |
Frequently Asked Questions
FISMX and BTC-USD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.38%) compared to FISMX (4.69%). In terms of maximum drawdown, FISMX dropped -60.94% vs BTC-USD's -85.30%.
FISMX currently has the higher Sharpe Ratio (0.77 vs -1.01), 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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