FISMX vs. VIISX
FISMX (Fidelity International Small Cap Fund) and VIISX (Virtus KAR International Small-Mid Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FISMX returned 8.31%/yr vs 7.80%/yr for VIISX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FISMX charges 1.01%/yr vs 1.19%/yr for VIISX.
Performance
FISMX vs. VIISX - Performance Comparison
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Returns By Period
In the year-to-date period, FISMX achieves a 5.57% return, which is significantly higher than VIISX's 2.87% return. Over the past 10 years, FISMX has outperformed VIISX with an annualized return of 8.31%, while VIISX has yielded a comparatively lower 7.80% annualized return.
FISMX
- 1D
- -0.54%
- 1M
- -2.82%
- 6M
- 1.25%
- YTD
- 5.57%
- 1Y
- 11.82%
- 3Y*
- 11.46%
- 5Y*
- 5.71%
- 10Y*
- 8.31%
- ALL TIME*
- 11.18%
VIISX
- 1D
- -0.75%
- 1M
- 0.62%
- 6M
- -1.26%
- YTD
- 2.87%
- 1Y
- -0.49%
- 3Y*
- 8.52%
- 5Y*
- -1.10%
- 10Y*
- 7.80%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FISMX vs. VIISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 5.57% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
VIISX Virtus KAR International Small-Mid Cap Fund | 2.87% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
Correlation
The correlation between FISMX and VIISX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.80 |
The correlation between FISMX and VIISX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
FISMX vs. VIISX — Risk / Return Rank
FISMX
VIISX
FISMX vs. VIISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and Virtus KAR International Small-Mid Cap Fund (VIISX). 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 | VIISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.07 | +1.23 |
| Martin ratioReturn relative to average drawdown | 3.76 | -0.16 | +3.92 |
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Drawdowns
FISMX vs. VIISX - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than VIISX's maximum drawdown of -50.31%. Use the drawdown chart below to compare losses from any high point for FISMX and VIISX.
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Drawdown Indicators
| FISMX | VIISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -50.31% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -13.51% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -14.94% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -50.31% | +19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -50.31% | +11.51% |
Current DrawdownCurrent decline from peak | -5.26% | -9.43% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -11.25% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 5.58% | -2.27% |
Volatility
FISMX vs. VIISX - Volatility Comparison
Fidelity International Small Cap Fund (FISMX) has a higher volatility of 4.68% compared to Virtus KAR International Small-Mid Cap Fund (VIISX) at 3.82%. This indicates that FISMX's price experiences larger fluctuations and is considered to be riskier than VIISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | VIISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 3.82% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.87% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 13.07% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 16.28% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 15.38% | -1.43% |
FISMX vs. VIISX - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is lower than VIISX's 1.19% expense ratio.
Dividends
FISMX vs. VIISX - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.39%, less than VIISX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.39% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.61% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Frequently Asked Questions
FISMX and VIISX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISMX has higher volatility (4.68%) compared to VIISX (3.82%). In terms of maximum drawdown, FISMX dropped -60.94% vs VIISX's -50.31%.
FISMX currently has the higher Sharpe Ratio (0.91 vs -0.07), 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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