FOPTX vs. QUSIX

Last updated Aug 1, 2026

FOPTX (Fidelity Advisor International Small Cap Opportunities Fund Class M) and QUSIX (Pear Tree Polaris Foreign Value Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FOPTX returned 8.45%/yr vs 8.26%/yr for QUSIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FOPTX charges 1.77%/yr vs 1.05%/yr for QUSIX.

Performance

FOPTX vs. QUSIX - 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 Pear Tree Polaris Foreign Value Small Cap Fund (QUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOPTX achieves a 5.98% return, which is significantly lower than QUSIX's 7.17% return. Both investments have delivered pretty close results over the past 10 years, with FOPTX having a 8.45% annualized return and QUSIX not far behind at 8.26%.

FOPTX

• 1D: 2.03%
• 1M: -0.40%
• 6M: 2.93%
• YTD: 5.98%
• 1Y: 10.78%
• 3Y*: 13.02%
• 5Y*: 3.26%
• 10Y*: 8.45%
• ALL TIME*: 6.66%

QUSIX

• 1D: 0.93%
• 1M: 3.87%
• 6M: 1.82%
• YTD: 7.17%
• 1Y: 11.45%
• 3Y*: 11.61%
• 5Y*: 5.55%
• 10Y*: 8.26%
• ALL TIME*: 11.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOPTX Fidelity Advisor International Small Cap Opportunities Fund Class M	$0.00	$0.00	$0.00
QUSIX Pear Tree Polaris Foreign Value Small Cap Fund	$0.00	$0.00	$0.00

FOPTX vs. QUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOPTX Fidelity Advisor International Small Cap Opportunities Fund Class M	5.98%	24.34%	3.53%	16.38%	-29.35%	17.07%	18.89%	28.31%	-14.58%	34.48%
QUSIX Pear Tree Polaris Foreign Value Small Cap Fund	7.17%	26.42%	-1.98%	21.28%	-17.13%	15.56%	6.67%	20.71%	-18.81%	33.46%

Correlation

The correlation between FOPTX and QUSIX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.68

The correlation between FOPTX and QUSIX has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

FOPTX vs. QUSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOPTX

FOPTX Risk / Return Rank: 20
FOPTX Sharpe Ratio Rank: 20
FOPTX Sortino Ratio Rank: 20
FOPTX Omega Ratio Rank: 20
FOPTX Calmar Ratio Rank: 20
FOPTX Martin Ratio Rank: 21

QUSIX

QUSIX Risk / Return Rank: 20
QUSIX Sharpe Ratio Rank: 22
QUSIX Sortino Ratio Rank: 24
QUSIX Omega Ratio Rank: 23
QUSIX Calmar Ratio Rank: 17
QUSIX Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOPTX vs. QUSIX - 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 Pear Tree Polaris Foreign Value Small Cap Fund (QUSIX). 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	QUSIX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.79	0.00
Sortino ratio: Return per unit of downside risk	1.21	1.24	-0.03
Omega ratio: Gain probability vs. loss probability	1.15	1.15	-0.01
Calmar ratio: Return relative to maximum drawdown	1.02	0.84	+0.18
Martin ratio: Return relative to average drawdown	3.22	2.10	+1.12

FOPTX vs. QUSIX - Sharpe Ratio Comparison

The current FOPTX Sharpe Ratio is 0.79, which is comparable to the QUSIX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of FOPTX and QUSIX, 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. QUSIX - Drawdown Comparison

The maximum FOPTX drawdown since its inception was -72.84%, which is greater than QUSIX's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for FOPTX and QUSIX.

Drawdown Indicators

	FOPTX	QUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.84%	-42.87%	-29.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-12.09%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	-12.50%	-14.33%	+1.83%
Max Drawdown (5Y) Largest decline over 5 years	-41.09%	-32.21%	-8.88%
Max Drawdown (10Y) Largest decline over 10 years	-41.09%	-42.87%	+1.78%
Current Drawdown Current decline from peak	-2.34%	-2.15%	-0.19%
Average Drawdown Average peak-to-trough decline	-19.30%	-8.48%	-10.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	4.83%	-1.32%

Volatility

FOPTX vs. QUSIX - Volatility Comparison

Fidelity Advisor International Small Cap Opportunities Fund Class M (FOPTX) has a higher volatility of 4.24% compared to Pear Tree Polaris Foreign Value Small Cap Fund (QUSIX) at 2.92%. This indicates that FOPTX's price experiences larger fluctuations and is considered to be riskier than QUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOPTX	QUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	2.92%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	10.68%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	12.83%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	14.37%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	14.08%	+1.81%

FOPTX vs. QUSIX - Expense Ratio Comparison

FOPTX has a 1.77% expense ratio, which is higher than QUSIX's 1.05% expense ratio.

Dividends

FOPTX vs. QUSIX - Dividend Comparison

FOPTX's dividend yield for the trailing twelve months is around 11.20%, more than QUSIX's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOPTX Fidelity Advisor International Small Cap Opportunities Fund Class M	11.20%	11.87%	6.04%	3.23%	6.62%	8.95%	0.00%	0.57%	2.33%	1.28%	0.66%	0.48%
QUSIX Pear Tree Polaris Foreign Value Small Cap Fund	2.73%	2.92%	3.28%	2.48%	4.90%	2.43%	3.89%	2.96%	5.09%	3.00%	2.06%	2.20%

Frequently Asked Questions

Can I hold both FOPTX and QUSIX in my portfolio?

FOPTX and QUSIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOPTX or QUSIX?

FOPTX has higher volatility (4.24%) compared to QUSIX (2.92%). In terms of maximum drawdown, FOPTX dropped -72.84% vs QUSIX's -42.87%.

Which has better risk-adjusted returns?

QUSIX currently has the higher Sharpe Ratio (0.79 vs 0.79), 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.