FOPIX vs. WCMSX
FOPIX (Fidelity Advisor International Small Cap Opportunities Fund Class I) and WCMSX (WCM International Small Cap Growth Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FOPIX returned 8.90%/yr vs 11.30%/yr for WCMSX. Their correlation of 0.85 means they have usually moved in the same direction. FOPIX charges 1.24%/yr vs 1.25%/yr for WCMSX.
Performance
FOPIX vs. WCMSX - Performance Comparison
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Returns By Period
In the year-to-date period, FOPIX achieves a 5.49% return, which is significantly higher than WCMSX's 4.27% return. Over the past 10 years, FOPIX has underperformed WCMSX with an annualized return of 8.90%, while WCMSX has yielded a comparatively higher 11.30% annualized return.
FOPIX
- 1D
- -0.77%
- 1M
- -1.12%
- 6M
- 1.95%
- YTD
- 5.49%
- 1Y
- 10.49%
- 3Y*
- 13.55%
- 5Y*
- 3.64%
- 10Y*
- 8.90%
- ALL TIME*
- 7.11%
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 |
FOPIX vs. WCMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 5.49% | 25.00% | 4.06% | 16.88% | -28.91% | 17.64% | 19.57% | 29.11% | -14.14% | 34.68% |
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 FOPIX and WCMSX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.85 |
The correlation between FOPIX and WCMSX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
FOPIX vs. WCMSX — Risk / Return Rank
FOPIX
WCMSX
FOPIX vs. WCMSX - 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 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.
| FOPIX | WCMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.01 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.02 | +1.05 |
| Martin ratioReturn relative to average drawdown | 3.27 | -0.05 | +3.32 |
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Drawdowns
FOPIX vs. WCMSX - Drawdown Comparison
The maximum FOPIX drawdown since its inception was -72.69%, which is greater than WCMSX's maximum drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for FOPIX and WCMSX.
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Drawdown Indicators
| FOPIX | WCMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.69% | -51.60% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -14.39% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.40% | -18.77% | +6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -51.60% | +10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -51.60% | +10.85% |
Current DrawdownCurrent decline from peak | -2.99% | -15.66% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -18.35% | -15.71% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 4.94% | -1.46% |
Volatility
FOPIX vs. WCMSX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) is 4.31%, while WCM International Small Cap Growth Fund (WCMSX) has a volatility of 7.40%. This indicates that FOPIX 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
| FOPIX | WCMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 7.40% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 17.64% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 20.04% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 21.33% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 20.16% | -4.26% |
FOPIX vs. WCMSX - Expense Ratio Comparison
FOPIX has a 1.24% expense ratio, which is lower than WCMSX's 1.25% expense ratio.
Dividends
FOPIX vs. WCMSX - Dividend Comparison
FOPIX's dividend yield for the trailing twelve months is around 11.02%, more than WCMSX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 11.02% | 11.62% | 6.34% | 3.73% | 6.43% | 8.85% | 0.00% | 1.04% | 2.95% | 1.31% | 1.49% | 0.47% |
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
FOPIX and WCMSX have a correlation of 0.78, 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 FOPIX (4.31%). In terms of maximum drawdown, FOPIX dropped -72.69% vs WCMSX's -51.60%.
FOPIX currently has the higher Sharpe Ratio (0.80 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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