FOPTX vs. FIASX

Last updated Jun 24, 2026

FOPTX (Fidelity Advisor International Small Cap Opportunities Fund Class M) and FIASX (Fidelity Advisor International Small Cap Fund Class A) are both Foreign Small & Mid Cap Equities funds from Fidelity. Over the past 10 years, FOPTX returned 9.14%/yr vs 9.26%/yr for FIASX. Their correlation of 0.91 suggests significant overlap in exposure. FOPTX charges 1.77%/yr vs 1.29%/yr for FIASX.

Performance

FOPTX vs. FIASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor International Small Cap Opportunities Fund Class M (FOPTX) and Fidelity Advisor International Small Cap Fund Class A (FIASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOPTX achieves a 6.22% return, which is significantly lower than FIASX's 10.98% return. Both investments have delivered pretty close results over the past 10 years, with FOPTX having a 9.14% annualized return and FIASX not far ahead at 9.26%.

FOPTX

• 1D: -0.22%
• 1M: -1.42%
• YTD: 6.22%
• 6M: 6.12%
• 1Y: 13.41%
• 3Y*: 14.35%
• 5Y*: 4.31%
• 10Y*: 9.14%

FIASX

• 1D: -0.18%
• 1M: 1.24%
• YTD: 10.98%
• 6M: 10.83%
• 1Y: 19.22%
• 3Y*: 14.80%
• 5Y*: 6.57%
• 10Y*: 9.26%

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

FOPTX vs. FIASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOPTX Fidelity Advisor International Small Cap Opportunities Fund Class M	6.22%	24.34%	3.53%	16.38%	-29.35%	17.07%	18.89%	28.31%	-14.58%	34.48%
FIASX Fidelity Advisor International Small Cap Fund Class A	10.98%	24.33%	-0.23%	19.32%	-16.90%	13.15%	9.63%	21.14%	-16.35%	31.47%

Correlation

The correlation between FOPTX and FIASX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 3, 2005	0.91

The correlation between FOPTX and FIASX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

FOPTX vs. FIASX — Risk / Return Rank

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

FOPTX

FOPTX Risk / Return Rank: 17
FOPTX Sharpe Ratio Rank: 17
FOPTX Sortino Ratio Rank: 17
FOPTX Omega Ratio Rank: 17
FOPTX Calmar Ratio Rank: 17
FOPTX Martin Ratio Rank: 19

FIASX

FIASX Risk / Return Rank: 32
FIASX Sharpe Ratio Rank: 34
FIASX Sortino Ratio Rank: 34
FIASX Omega Ratio Rank: 35
FIASX Calmar Ratio Rank: 27
FIASX Martin Ratio Rank: 30

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.

FOPTX vs. FIASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Opportunities Fund Class M (FOPTX) and Fidelity Advisor International Small Cap Fund Class A (FIASX). 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.

	FOPTX	FIASX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.53	-0.47
Sortino ratio: Return per unit of downside risk	1.59	2.23	-0.64
Omega ratio: Gain probability vs. loss probability	1.20	1.29	-0.09
Calmar ratio: Return relative to maximum drawdown	1.34	1.83	-0.49
Martin ratio: Return relative to average drawdown	4.38	6.45	-2.07

FOPTX vs. FIASX - Sharpe Ratio Comparison

The current FOPTX Sharpe Ratio is 1.07, which is lower than the FIASX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FOPTX and FIASX, 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

FOPTX vs. FIASX - Drawdown Comparison

The maximum FOPTX drawdown since its inception was -72.84%, which is greater than FIASX's maximum drawdown of -60.99%. Use the drawdown chart below to compare losses from any high point for FOPTX and FIASX.

Drawdown Indicators

	FOPTX	FIASX	Difference
Max Drawdown Largest peak-to-trough decline	-72.84%	-60.99%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-10.76%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.72%	-12.80%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-41.09%	-31.25%	-9.84%
Max Drawdown (10Y) Largest decline over 10 years	-41.09%	-39.16%	-1.93%
Current Drawdown Current decline from peak	-2.12%	-0.30%	-1.82%
Average Drawdown Average peak-to-trough decline	-19.38%	-10.77%	-8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.05%	+0.33%

Volatility

FOPTX vs. FIASX - Volatility Comparison

The current volatility for Fidelity Advisor International Small Cap Opportunities Fund Class M (FOPTX) is 4.52%, while Fidelity Advisor International Small Cap Fund Class A (FIASX) has a volatility of 5.01%. This indicates that FOPTX experiences smaller price fluctuations and is considered to be less risky than FIASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOPTX	FIASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	5.01%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	10.93%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	12.87%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	13.68%	+3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	14.05%	+2.04%

FOPTX vs. FIASX - Expense Ratio Comparison

FOPTX has a 1.77% expense ratio, which is higher than FIASX's 1.29% expense ratio.

Dividends

FOPTX vs. FIASX - Dividend Comparison

FOPTX's dividend yield for the trailing twelve months is around 11.18%, more than FIASX's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIASX Fidelity Advisor International Small Cap Fund Class A	3.08%	3.41%	2.40%	1.67%	0.42%	7.18%	0.56%	2.11%	5.95%	2.51%	2.46%	2.85%
FOPTX Fidelity Advisor International Small Cap Opportunities Fund Class M	11.18%	11.87%	6.04%	3.23%	6.62%	8.95%	0.00%	0.57%	2.33%	1.28%	0.66%	0.48%

Frequently Asked Questions

Can I hold both FOPTX and FIASX in my portfolio?

With a correlation of 0.90, FOPTX and FIASX 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.

Which is riskier, FOPTX or FIASX?

FIASX has higher volatility (5.01%) compared to FOPTX (4.52%). In terms of maximum drawdown, FOPTX dropped -72.84% vs FIASX's -60.99%.

Which has better risk-adjusted returns?

FIASX currently has the higher Sharpe Ratio (1.53 vs 1.07), 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.