FOPIX vs. VWO
Compare and contrast key facts about Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) and Vanguard FTSE Emerging Markets ETF (VWO).
FOPIX is managed by Fidelity. It was launched on Aug 2, 2005. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Performance
FOPIX vs. VWO - Performance Comparison
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FOPIX vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | -4.85% | 25.00% | 4.06% | 16.88% | -28.91% | 17.64% | 19.57% | 29.11% | -14.14% | 34.68% |
VWO Vanguard FTSE Emerging Markets ETF | 0.54% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Returns By Period
In the year-to-date period, FOPIX achieves a -4.85% return, which is significantly lower than VWO's 0.54% return. Both investments have delivered pretty close results over the past 10 years, with FOPIX having a 7.98% annualized return and VWO not far behind at 7.63%.
FOPIX
- 1D
- -0.19%
- 1M
- -11.00%
- YTD
- -4.85%
- 6M
- -3.45%
- 1Y
- 16.08%
- 3Y*
- 10.36%
- 5Y*
- 3.98%
- 10Y*
- 7.98%
VWO
- 1D
- 3.11%
- 1M
- -6.97%
- YTD
- 0.54%
- 6M
- 1.72%
- 1Y
- 22.75%
- 3Y*
- 13.73%
- 5Y*
- 3.84%
- 10Y*
- 7.63%
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FOPIX vs. VWO - Expense Ratio Comparison
FOPIX has a 1.24% expense ratio, which is higher than VWO's 0.08% expense ratio.
Return for Risk
FOPIX vs. VWO — Risk / Return Rank
FOPIX
VWO
FOPIX vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
| FOPIX | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.28 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.81 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.85 | -0.65 |
Martin ratioReturn relative to average drawdown | 4.16 | 7.12 | -2.96 |
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
| FOPIX | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.28 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.22 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.40 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.25 | +0.10 |
Correlation
The correlation between FOPIX and VWO is 0.72, 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
FOPIX vs. VWO - Dividend Comparison
FOPIX's dividend yield for the trailing twelve months is around 12.22%, more than VWO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 12.22% | 11.62% | 6.34% | 3.73% | 6.43% | 8.85% | 0.00% | 1.04% | 2.95% | 1.31% | 1.49% | 0.47% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Drawdowns
FOPIX vs. VWO - Drawdown Comparison
The maximum FOPIX drawdown since its inception was -72.69%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for FOPIX and VWO.
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Drawdown Indicators
| FOPIX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.69% | -67.68% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -12.23% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -32.80% | -7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -36.39% | -4.36% |
Current DrawdownCurrent decline from peak | -11.00% | -8.41% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -18.61% | -15.93% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.18% | -0.01% |
Volatility
FOPIX vs. VWO - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) is 5.93%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 8.17%. This indicates that FOPIX experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOPIX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 8.17% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 12.26% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 17.83% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 17.21% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 19.18% | -3.20% |