FISMX vs. VSS
Compare and contrast key facts about Fidelity International Small Cap Fund (FISMX) and Vanguard FTSE All-World ex-US Small-Cap ETF (VSS).
FISMX is managed by Fidelity. It was launched on Sep 18, 2002. VSS is a passively managed fund by Vanguard that tracks the performance of the FTSE Global Small Cap ex US Index. It was launched on Apr 2, 2009.
Performance
FISMX vs. VSS - Performance Comparison
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FISMX vs. VSS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | -2.53% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 1.72% | 29.61% | 2.94% | 15.52% | -21.48% | 13.05% | 11.81% | 21.36% | -18.48% | 30.61% |
Returns By Period
In the year-to-date period, FISMX achieves a -2.53% return, which is significantly lower than VSS's 1.72% return. Both investments have delivered pretty close results over the past 10 years, with FISMX having a 8.02% annualized return and VSS not far behind at 7.63%.
FISMX
- 1D
- -0.33%
- 1M
- -10.41%
- YTD
- -2.53%
- 6M
- -0.83%
- 1Y
- 15.86%
- 3Y*
- 10.28%
- 5Y*
- 5.08%
- 10Y*
- 8.02%
VSS
- 1D
- 3.06%
- 1M
- -8.91%
- YTD
- 1.72%
- 6M
- 4.71%
- 1Y
- 30.55%
- 3Y*
- 13.84%
- 5Y*
- 5.38%
- 10Y*
- 7.63%
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FISMX vs. VSS - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is higher than VSS's 0.07% expense ratio.
Return for Risk
FISMX vs. VSS — Risk / Return Rank
FISMX
VSS
FISMX vs. VSS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and Vanguard FTSE All-World ex-US Small-Cap ETF (VSS). 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 | VSS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.88 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.50 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.54 | -1.27 |
Martin ratioReturn relative to average drawdown | 4.64 | 10.09 | -5.45 |
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 | VSS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.88 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.33 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.45 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.52 | +0.18 |
Correlation
The correlation between FISMX and VSS is 0.89, 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. VSS - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.68%, more than VSS's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.68% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 3.33% | 3.39% | 3.44% | 3.14% | 2.30% | 2.74% | 1.90% | 3.25% | 2.80% | 2.83% | 2.93% | 2.66% |
Drawdowns
FISMX vs. VSS - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than VSS's maximum drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for FISMX and VSS.
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Drawdown Indicators
| FISMX | VSS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -43.51% | -17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -11.62% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -33.93% | +2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -43.51% | +4.71% |
Current DrawdownCurrent decline from peak | -10.41% | -8.91% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -9.72% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.93% | 0.00% |
Volatility
FISMX vs. VSS - Volatility Comparison
The current volatility for Fidelity International Small Cap Fund (FISMX) is 5.72%, while Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) has a volatility of 7.61%. This indicates that FISMX experiences smaller price fluctuations and is considered to be less risky than VSS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | VSS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 7.61% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 11.00% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 16.37% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 16.26% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 17.17% | -3.24% |