FISMX vs. WCMSX
FISMX (Fidelity International Small Cap Fund) and WCMSX (WCM International Small Cap Growth Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FISMX returned 8.31%/yr vs 11.30%/yr for WCMSX. Their correlation of 0.82 means they have usually moved in the same direction. FISMX charges 1.01%/yr vs 1.25%/yr for WCMSX.
Performance
FISMX vs. WCMSX - 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 WCMSX's 4.27% return. Over the past 10 years, FISMX has underperformed WCMSX with an annualized return of 8.31%, while WCMSX has yielded a comparatively higher 11.30% 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%
WCMSX
- 1D
- 0.16%
- 1M
- -6.10%
- 6M
- -1.32%
- YTD
- 4.27%
- 1Y
- 0.26%
- 3Y*
- 11.03%
- 5Y*
- -1.60%
- 10Y*
- 11.30%
- ALL TIME*
- 11.43%
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. WCMSX - 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% |
WCMSX WCM International Small Cap Growth Fund | 4.27% | 18.14% | 4.33% | 22.26% | -42.12% | 16.65% | 55.36% | 45.02% | -8.94% | 42.35% |
Correlation
The correlation between FISMX and WCMSX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
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 4, 2016 | 0.82 |
The correlation between FISMX and WCMSX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
FISMX vs. WCMSX — Risk / Return Rank
FISMX
WCMSX
FISMX vs. WCMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Fund (FISMX) and WCM International Small Cap Growth Fund (WCMSX). 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 | WCMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.02 | +1.18 |
| Martin ratioReturn relative to average drawdown | 3.76 | -0.05 | +3.81 |
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Drawdowns
FISMX vs. WCMSX - Drawdown Comparison
The maximum FISMX drawdown since its inception was -60.94%, which is greater than WCMSX's maximum drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for FISMX and WCMSX.
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Drawdown Indicators
| FISMX | WCMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.94% | -51.60% | -9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -14.39% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -18.77% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -51.60% | +20.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -51.60% | +12.80% |
Current DrawdownCurrent decline from peak | -5.26% | -15.66% | +10.40% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -15.71% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 4.94% | -1.63% |
Volatility
FISMX vs. WCMSX - Volatility Comparison
The current volatility for Fidelity International Small Cap Fund (FISMX) is 4.68%, while WCM International Small Cap Growth Fund (WCMSX) has a volatility of 7.40%. This indicates that FISMX experiences smaller price fluctuations and is considered to be less risky than WCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISMX | WCMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 7.40% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 17.64% | -5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 20.04% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 21.33% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.95% | 20.16% | -6.21% |
FISMX vs. WCMSX - Expense Ratio Comparison
FISMX has a 1.01% expense ratio, which is lower than WCMSX's 1.25% expense ratio.
Dividends
FISMX vs. WCMSX - Dividend Comparison
FISMX's dividend yield for the trailing twelve months is around 3.39%, more than WCMSX's 0.78% 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% |
WCMSX WCM International Small Cap Growth Fund | 0.78% | 0.81% | 1.31% | 0.00% | 0.00% | 10.27% | 2.73% | 0.57% | 4.04% | 1.10% | 0.00% | 0.00% |
Frequently Asked Questions
FISMX and WCMSX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCMSX has higher volatility (7.40%) compared to FISMX (4.68%). In terms of maximum drawdown, FISMX dropped -60.94% vs WCMSX's -51.60%.
FISMX currently has the higher Sharpe Ratio (0.91 vs -0.01), 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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