FIVLX vs. FISVX

Last updated Jun 16, 2026

FIVLX (Fidelity International Value Fund) and FISVX (Fidelity Small Cap Value Index Fund) are both mutual funds - FIVLX is a Foreign Large Cap Equities fund managed by Fidelity, while FISVX is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Over the past 5 years, FIVLX returned 12.22%/yr vs 7.18%/yr for FISVX. A 0.71 correlation means they provide meaningful diversification when combined. FIVLX charges 1.01%/yr vs 0.05%/yr for FISVX.

Performance

FIVLX vs. FISVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Value Fund (FIVLX) and Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIVLX achieves a 6.73% return, which is significantly lower than FISVX's 20.74% return.

FIVLX

• 1D: 0.60%
• 1M: 2.10%
• YTD: 6.73%
• 6M: 7.87%
• 1Y: 22.81%
• 3Y*: 20.80%
• 5Y*: 12.22%
• 10Y*: 10.01%

FISVX

• 1D: 1.07%
• 1M: 6.01%
• YTD: 20.74%
• 6M: 18.06%
• 1Y: 44.97%
• 3Y*: 17.76%
• 5Y*: 7.18%
• 10Y*: —

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

FIVLX vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIVLX Fidelity International Value Fund	6.73%	43.67%	5.33%	19.27%	-7.99%	14.89%	3.36%	6.47%
FISVX Fidelity Small Cap Value Index Fund	20.74%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Correlation

The correlation between FIVLX and FISVX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.71

The correlation between FIVLX and FISVX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

Return for Risk

FIVLX vs. FISVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIVLX

FIVLX Risk / Return Rank: 35
FIVLX Sharpe Ratio Rank: 33
FIVLX Sortino Ratio Rank: 32
FIVLX Omega Ratio Rank: 32
FIVLX Calmar Ratio Rank: 37
FIVLX Martin Ratio Rank: 39

FISVX

FISVX Risk / Return Rank: 84
FISVX Sharpe Ratio Rank: 82
FISVX Sortino Ratio Rank: 79
FISVX Omega Ratio Rank: 70
FISVX Calmar Ratio Rank: 94
FISVX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIVLX vs. FISVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Fund (FIVLX) and Fidelity Small Cap Value Index Fund (FISVX). 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.

	FIVLX	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.34	-0.90
Sortino ratio: Return per unit of downside risk	2.06	3.25	-1.19
Omega ratio: Gain probability vs. loss probability	1.26	1.39	-0.13
Calmar ratio: Return relative to maximum drawdown	2.07	5.00	-2.93
Martin ratio: Return relative to average drawdown	7.53	16.97	-9.44

FIVLX vs. FISVX - Sharpe Ratio Comparison

The current FIVLX Sharpe Ratio is 1.43, which is lower than the FISVX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FIVLX and FISVX, 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

FIVLX vs. FISVX - Drawdown Comparison

The maximum FIVLX drawdown since its inception was -65.21%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for FIVLX and FISVX.

Drawdown Indicators

	FIVLX	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-65.21%	-44.66%	-20.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-8.54%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	-26.50%	+12.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	-26.50%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	-43.43%	—	—
Current Drawdown Current decline from peak	-1.70%	0.00%	-1.70%
Average Drawdown Average peak-to-trough decline	-17.04%	-10.29%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.52%	+0.34%

Volatility

FIVLX vs. FISVX - Volatility Comparison

The current volatility for Fidelity International Value Fund (FIVLX) is 4.88%, while Fidelity Small Cap Value Index Fund (FISVX) has a volatility of 5.85%. This indicates that FIVLX experiences smaller price fluctuations and is considered to be less risky than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIVLX	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	5.85%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	12.42%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.04%	18.28%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	21.75%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	26.72%	-8.80%

FIVLX vs. FISVX - Expense Ratio Comparison

FIVLX has a 1.01% expense ratio, which is higher than FISVX's 0.05% expense ratio.

Dividends

FIVLX vs. FISVX - Dividend Comparison

FIVLX's dividend yield for the trailing twelve months is around 2.18%, more than FISVX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISVX Fidelity Small Cap Value Index Fund	1.81%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%	0.00%	0.00%	0.00%	0.00%
FIVLX Fidelity International Value Fund	2.18%	2.32%	2.90%	2.06%	1.85%	4.35%	1.74%	3.54%	3.33%	0.15%	2.71%	1.44%

Frequently Asked Questions

Can I hold both FIVLX and FISVX in my portfolio?

FIVLX and FISVX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVLX or FISVX?

FISVX has higher volatility (5.85%) compared to FIVLX (4.88%). In terms of maximum drawdown, FIVLX dropped -65.21% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

FISVX currently has the higher Sharpe Ratio (2.34 vs 1.43), 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.