FISZX vs. VFWSX
FISZX (Fidelity SAI International SMA Completion Fund) and VFWSX (Vanguard FTSE All-World ex-US Index Fund Institutional Shares) are both Foreign Large Cap Equities funds. Over the past 5 years, FISZX returned 7.02%/yr vs 9.20%/yr for VFWSX. Their correlation of 0.88 means they have usually moved in the same direction. FISZX charges 0.00%/yr vs 0.08%/yr for VFWSX.
Performance
FISZX vs. VFWSX - Performance Comparison
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Returns By Period
In the year-to-date period, FISZX achieves a 20.57% return, which is significantly higher than VFWSX's 13.49% 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%
VFWSX
- 1D
- 2.82%
- 1M
- 0.34%
- 6M
- 7.40%
- YTD
- 13.49%
- 1Y
- 28.85%
- 3Y*
- 17.20%
- 5Y*
- 9.20%
- 10Y*
- 9.60%
- ALL TIME*
- 5.43%
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 |
FISZX vs. VFWSX - 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% |
VFWSX Vanguard FTSE All-World ex-US Index Fund Institutional Shares | 13.49% | 32.38% | 5.45% | 15.59% | -15.48% | 8.11% | 11.37% | 7.73% |
Correlation
The correlation between FISZX and VFWSX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.88 |
The correlation between FISZX and VFWSX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
FISZX vs. VFWSX — Risk / Return Rank
FISZX
VFWSX
FISZX vs. VFWSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International SMA Completion Fund (FISZX) and Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX). 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 | VFWSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.41 | -0.02 |
| Martin ratioReturn relative to average drawdown | 8.11 | 8.95 | -0.84 |
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Drawdowns
FISZX vs. VFWSX - Drawdown Comparison
The maximum FISZX drawdown since its inception was -39.92%, smaller than the maximum VFWSX drawdown of -61.60%. Use the drawdown chart below to compare losses from any high point for FISZX and VFWSX.
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Drawdown Indicators
| FISZX | VFWSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.92% | -61.60% | +21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -11.34% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -13.26% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.92% | -29.17% | -10.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.87% | — |
Current DrawdownCurrent decline from peak | -9.06% | -2.46% | -6.60% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -13.16% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 3.05% | +1.21% |
Volatility
FISZX vs. VFWSX - Volatility Comparison
Fidelity SAI International SMA Completion Fund (FISZX) has a higher volatility of 7.93% compared to Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) at 5.49%. This indicates that FISZX's price experiences larger fluctuations and is considered to be riskier than VFWSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FISZX | VFWSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 5.49% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.56% | 14.32% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 16.20% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 15.52% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 15.98% | +2.75% |
FISZX vs. VFWSX - Expense Ratio Comparison
FISZX has a 0.00% expense ratio, which is lower than VFWSX's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FISZX vs. VFWSX - Dividend Comparison
FISZX's dividend yield for the trailing twelve months is around 1.60%, less than VFWSX's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VFWSX Vanguard FTSE All-World ex-US Index Fund Institutional Shares | 2.54% | 3.08% | 3.23% | 3.31% | 3.10% | 3.06% | 1.99% | 3.10% | 3.28% | 2.67% | 2.97% | 2.97% |
Frequently Asked Questions
With a correlation of 0.91, FISZX and VFWSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FISZX has higher volatility (7.93%) compared to VFWSX (5.49%). In terms of maximum drawdown, FISZX dropped -39.92% vs VFWSX's -61.60%.
VFWSX currently has the higher Sharpe Ratio (1.69 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.
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