FISMX vs. ISCF
FISMX (Fidelity International Small Cap Fund) and ISCF (iShares MSCI Intl Small-Cap Multifactor ETF) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FISMX returned 8.90%/yr vs 9.19%/yr for ISCF. Their correlation of 0.84 suggests significant overlap in exposure. FISMX charges 1.01%/yr vs 0.40%/yr for ISCF.
Performance
FISMX vs. ISCF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FISMX achieves a 10.18% return, which is significantly higher than ISCF's 7.28% return. Both investments have delivered pretty close results over the past 10 years, with FISMX having a 8.90% annualized return and ISCF not far ahead at 9.19%.
FISMX
- 1D
- -0.37%
- 1M
- 3.42%
- YTD
- 10.18%
- 6M
- 12.14%
- 1Y
- 18.96%
- 3Y*
- 14.44%
- 5Y*
- 6.29%
- 10Y*
- 8.90%
ISCF
- 1D
- -1.13%
- 1M
- 1.65%
- YTD
- 7.28%
- 6M
- 10.16%
- 1Y
- 21.96%
- 3Y*
- 17.40%
- 5Y*
- 7.26%
- 10Y*
- 9.19%
FISMX vs. ISCF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 10.18% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 7.28% | 33.65% | 4.75% | 11.50% | -15.07% | 13.31% | 7.65% | 26.32% | -18.76% | 38.13% |
Correlation
The correlation between FISMX and ISCF is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.84 |
The correlation between FISMX and ISCF has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FISMX vs. ISCF — Risk / Return Rank
FISMX
ISCF
FISMX vs. ISCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF). 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 | ISCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.94 | -0.21 |
| Martin ratioReturn relative to average drawdown | 6.22 | 7.28 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FISMX | ISCF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.54 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.53 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.49 | +0.25 |
Drawdowns
FISMX vs. ISCF - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than ISCF's maximum drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for FISMX and ISCF.
Loading charts...
Drawdown Indicators
| FISMX | ISCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -40.79% | -20.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -11.34% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -13.85% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -30.70% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -40.79% | +1.99% |
Current DrawdownCurrent decline from peak | -1.07% | -2.64% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -8.14% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.02% | -0.04% |
Volatility
FISMX vs. ISCF - Volatility Comparison
The current volatility for Fidelity International Small Cap Fund (FISMX) is 3.80%, while iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) has a volatility of 4.33%. This indicates that FISMX experiences smaller price fluctuations and is considered to be less risky than ISCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FISMX | ISCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 4.33% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 11.86% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 14.39% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 16.66% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 17.44% | -3.39% |
FISMX vs. ISCF - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is higher than ISCF's 0.40% expense ratio.
Dividends
FISMX vs. ISCF - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.25%, less than ISCF's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.25% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 3.50% | 3.76% | 4.29% | 3.94% | 2.73% | 3.93% | 2.30% | 2.87% | 2.14% | 1.97% | 2.89% | 1.46% |
Frequently Asked Questions
FISMX and ISCF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCF has higher volatility (4.33%) compared to FISMX (3.80%). In terms of maximum drawdown, FISMX dropped -60.94% vs ISCF's -40.79%.
ISCF currently has the higher Sharpe Ratio (1.54 vs 1.52), 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.
Find the right allocation for FISMX and ISCF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer