FISZX vs. APDKX

Last updated Aug 1, 2026

FISZX (Fidelity SAI International SMA Completion Fund) and APDKX (Artisan International Value Fund Advisor Class) are both Foreign Large Cap Equities funds. Over the past 5 years, FISZX returned 7.02%/yr vs 11.91%/yr for APDKX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FISZX charges 0.00%/yr vs 1.06%/yr for APDKX.

Performance

FISZX vs. APDKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI International SMA Completion Fund (FISZX) and Artisan International Value Fund Advisor Class (APDKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISZX achieves a 20.57% return, which is significantly higher than APDKX's 15.82% return.

FISZX

• 1D: 3.18%
• 1M: -4.52%
• 6M: 12.37%
• YTD: 20.57%
• 1Y: 36.21%
• 3Y*: 19.22%
• 5Y*: 7.02%
• 10Y*: —
• ALL TIME*: 10.72%

APDKX

• 1D: 0.92%
• 1M: 2.01%
• 6M: 12.17%
• YTD: 15.82%
• 1Y: 27.20%
• 3Y*: 16.90%
• 5Y*: 11.91%
• 10Y*: 11.07%
• ALL TIME*: 10.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APDKX Artisan International Value Fund Advisor Class	$0.00	$0.00	$0.00
FISZX Fidelity SAI International SMA Completion Fund	$0.00	$0.00	$0.00

FISZX vs. APDKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FISZX Fidelity SAI International SMA Completion Fund	20.57%	31.77%	3.61%	15.83%	-28.32%	9.91%	23.49%	13.42%
APDKX Artisan International Value Fund Advisor Class	15.82%	22.69%	6.55%	22.81%	-6.85%	16.83%	8.70%	9.68%

Correlation

The correlation between FISZX and APDKX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.77

The correlation between FISZX and APDKX shifts across timeframes, from 0.65 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FISZX vs. APDKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FISZX

FISZX Risk / Return Rank: 66
FISZX Sharpe Ratio Rank: 66
FISZX Sortino Ratio Rank: 60
FISZX Omega Ratio Rank: 66
FISZX Calmar Ratio Rank: 74
FISZX Martin Ratio Rank: 65

APDKX

APDKX Risk / Return Rank: 78
APDKX Sharpe Ratio Rank: 78
APDKX Sortino Ratio Rank: 78
APDKX Omega Ratio Rank: 80
APDKX Calmar Ratio Rank: 79
APDKX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FISZX vs. APDKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International SMA Completion Fund (FISZX) and Artisan International Value Fund Advisor Class (APDKX). 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.

	FISZX	APDKX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.84	-0.31
Sortino ratio: Return per unit of downside risk	2.09	2.70	-0.61
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.39	2.61	-0.22
Martin ratio: Return relative to average drawdown	8.11	8.82	-0.70

FISZX vs. APDKX - Sharpe Ratio Comparison

The current FISZX Sharpe Ratio is 1.53, which is comparable to the APDKX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FISZX and APDKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FISZX vs. APDKX - Drawdown Comparison

The maximum FISZX drawdown since its inception was -39.92%, roughly equal to the maximum APDKX drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for FISZX and APDKX.

Drawdown Indicators

	FISZX	APDKX	Difference
Max Drawdown Largest peak-to-trough decline	-39.92%	-38.09%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-14.48%	-9.95%	-4.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-10.88%	-3.75%
Max Drawdown (5Y) Largest decline over 5 years	-39.92%	-24.88%	-15.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.09%	—
Current Drawdown Current decline from peak	-9.06%	0.00%	-9.06%
Average Drawdown Average peak-to-trough decline	-12.20%	-5.33%	-6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	2.94%	+1.32%

Volatility

FISZX vs. APDKX - Volatility Comparison

Fidelity SAI International SMA Completion Fund (FISZX) has a higher volatility of 7.93% compared to Artisan International Value Fund Advisor Class (APDKX) at 3.25%. This indicates that FISZX's price experiences larger fluctuations and is considered to be riskier than APDKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISZX	APDKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	3.25%	+4.68%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	10.28%	+10.28%
Volatility (1Y) Calculated over the trailing 1-year period	22.62%	14.11%	+8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	13.97%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	15.88%	+2.85%

FISZX vs. APDKX - Expense Ratio Comparison

FISZX has a 0.00% expense ratio, which is lower than APDKX's 1.06% expense ratio.

Dividends

FISZX vs. APDKX - Dividend Comparison

FISZX's dividend yield for the trailing twelve months is around 1.60%, less than APDKX's 6.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
APDKX Artisan International Value Fund Advisor Class	6.21%	7.05%	4.26%	3.02%	2.23%	9.92%	0.91%	3.83%	5.61%	1.25%	3.27%
FISZX Fidelity SAI International SMA Completion Fund	1.60%	1.92%	2.55%	1.89%	1.37%	6.08%	0.90%	0.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FISZX and APDKX in my portfolio?

FISZX and APDKX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISZX or APDKX?

FISZX has higher volatility (7.93%) compared to APDKX (3.25%). In terms of maximum drawdown, FISZX dropped -39.92% vs APDKX's -38.09%.

Which has better risk-adjusted returns?

APDKX currently has the higher Sharpe Ratio (1.84 vs 1.53), 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.