FISMX vs. KGGAX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity International Small Cap Fund (FISMX) and Kopernik Global All-Cap Fund Class A (KGGAX).

FISMX is managed by Fidelity. It was launched on Sep 18, 2002. KGGAX is managed by Kopernik. It was launched on Nov 1, 2013.

Performance

FISMX vs. KGGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Small Cap Fund (FISMX) and Kopernik Global All-Cap Fund Class A (KGGAX). The values are adjusted to include any dividend payments, if applicable.

FISMX vs. KGGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FISMX Fidelity International Small Cap Fund	-0.22%	24.73%	0.05%	19.62%	-16.66%	13.44%	9.98%	21.45%	-16.08%	31.58%
KGGAX Kopernik Global All-Cap Fund Class A	7.29%	64.46%	-4.79%	13.08%	-9.24%	16.59%	36.89%	9.76%	-11.34%	8.77%

Returns By Period

In the year-to-date period, FISMX achieves a -0.22% return, which is significantly lower than KGGAX's 7.29% return. Over the past 10 years, FISMX has underperformed KGGAX with an annualized return of 8.27%, while KGGAX has yielded a comparatively higher 14.57% annualized 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%

KGGAX

• 1D: 2.57%
• 1M: -7.09%
• YTD: 7.29%
• 6M: 14.89%
• 1Y: 54.61%
• 3Y*: 22.34%
• 5Y*: 12.91%
• 10Y*: 14.57%

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

FISMX vs. KGGAX - Expense Ratio Comparison

FISMX has a 1.01% expense ratio, which is lower than KGGAX's 1.26% expense ratio.

KGGAX

Kopernik Global All-Cap Fund Class A

FISMX

Fidelity International Small Cap Fund

Return for Risk

FISMX vs. KGGAX — Risk / Return Rank

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

FISMX

FISMX Risk / Return Rank: 69
FISMX Sharpe Ratio Rank: 76
FISMX Sortino Ratio Rank: 71
FISMX Omega Ratio Rank: 73
FISMX Calmar Ratio Rank: 67
FISMX Martin Ratio Rank: 59

KGGAX

KGGAX Risk / Return Rank: 98
KGGAX Sharpe Ratio Rank: 99
KGGAX Sortino Ratio Rank: 97
KGGAX Omega Ratio Rank: 97
KGGAX Calmar Ratio Rank: 98
KGGAX Martin Ratio Rank: 97

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.

FISMX vs. KGGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and Kopernik Global All-Cap Fund Class A (KGGAX). 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	KGGAX	Difference
Sharpe ratio Return per unit of total volatility	1.39	3.54	-2.15
Sortino ratio Return per unit of downside risk	1.83	4.19	-2.36
Omega ratio Gain probability vs. loss probability	1.28	1.63	-0.35
Calmar ratio Return relative to maximum drawdown	1.61	5.00	-3.39
Martin ratio Return relative to average drawdown	5.85	18.23	-12.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISMX vs. KGGAX - Sharpe Ratio Comparison

The current FISMX Sharpe Ratio is 1.39, which is lower than the KGGAX Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of FISMX and KGGAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FISMX	KGGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	3.54	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.86	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.97	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.61	+0.10

Correlation

The correlation between FISMX and KGGAX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FISMX vs. KGGAX - Dividend Comparison

FISMX's dividend yield for the trailing twelve months is around 3.59%, less than KGGAX's 15.02% 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%
KGGAX Kopernik Global All-Cap Fund Class A	15.02%	16.11%	1.04%	8.29%	13.22%	9.00%	4.59%	2.72%	0.00%	4.12%	3.09%	0.40%

Drawdowns

FISMX vs. KGGAX - Drawdown Comparison

The maximum FISMX drawdown since its inception was -60.94%, which is greater than KGGAX's maximum drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for FISMX and KGGAX.

Drawdown Indicators

	FISMX	KGGAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.94%	-45.27%	-15.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-10.63%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-31.07%	-26.59%	-4.48%
Max Drawdown (10Y) Largest decline over 10 years	-38.80%	-31.90%	-6.90%
Current Drawdown Current decline from peak	-8.29%	-7.14%	-1.15%
Average Drawdown Average peak-to-trough decline	-10.71%	-9.76%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.92%	+0.03%

Volatility

FISMX vs. KGGAX - Volatility Comparison

Fidelity International Small Cap Fund (FISMX) and Kopernik Global All-Cap Fund Class A (KGGAX) have volatilities of 6.19% and 6.36%, 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

	FISMX	KGGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	6.36%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	12.51%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.48%	15.41%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	15.10%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	15.08%	-1.13%