FISMX vs. FZILX
Compare and contrast key facts about Fidelity International Small Cap Fund (FISMX) and Fidelity ZERO International Index Fund (FZILX).
FISMX is managed by Fidelity. It was launched on Sep 18, 2002. FZILX is managed by Fidelity.
Performance
FISMX vs. FZILX - Performance Comparison
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FISMX vs. FZILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | -0.22% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -10.49% |
FZILX Fidelity ZERO International Index Fund | 2.17% | 33.52% | 5.32% | 16.28% | -15.96% | 8.19% | 11.06% | 21.69% | -9.38% |
Returns By Period
In the year-to-date period, FISMX achieves a -0.22% return, which is significantly lower than FZILX's 2.17% return.
FISMX
- 1D
- 2.37%
- 1M
- -6.49%
- YTD
- -0.22%
- 6M
- 1.66%
- 1Y
- 18.09%
- 3Y*
- 11.14%
- 5Y*
- 5.35%
- 10Y*
- 8.27%
FZILX
- 1D
- 3.01%
- 1M
- -6.87%
- YTD
- 2.17%
- 6M
- 6.45%
- 1Y
- 27.85%
- 3Y*
- 16.00%
- 5Y*
- 7.70%
- 10Y*
- —
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FISMX vs. FZILX - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is higher than FZILX's 0.00% expense ratio.
Return for Risk
FISMX vs. FZILX — Risk / Return Rank
FISMX
FZILX
FISMX vs. FZILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and Fidelity ZERO International Index Fund (FZILX). 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.
| FISMX | FZILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.74 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.32 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.44 | -0.83 |
Martin ratioReturn relative to average drawdown | 5.85 | 9.45 | -3.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FISMX | FZILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.74 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.51 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.49 | +0.22 |
Correlation
The correlation between FISMX and FZILX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FISMX vs. FZILX - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.59%, more than FZILX's 2.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.59% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
FZILX Fidelity ZERO International Index Fund | 2.62% | 2.67% | 3.00% | 2.98% | 2.71% | 2.61% | 1.64% | 2.37% | 0.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
FISMX vs. FZILX - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than FZILX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FISMX and FZILX.
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Drawdown Indicators
| FISMX | FZILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -34.37% | -26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -11.24% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -29.87% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | — | — |
Current DrawdownCurrent decline from peak | -8.29% | -8.57% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -6.80% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.90% | +0.05% |
Volatility
FISMX vs. FZILX - Volatility Comparison
The current volatility for Fidelity International Small Cap Fund (FISMX) is 6.19%, while Fidelity ZERO International Index Fund (FZILX) has a volatility of 7.90%. This indicates that FISMX experiences smaller price fluctuations and is considered to be less risky than FZILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | FZILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.90% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 11.25% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 16.44% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 15.33% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 17.30% | -3.35% |