FSCOX vs. IJR
FSCOX (Fidelity International Small Cap Opportunities Fund) and IJR (iShares Core S&P Small-Cap ETF) are both funds - FSCOX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Over the past 10 years, FSCOX returned 9.08%/yr vs 11.34%/yr for IJR. A 0.63 correlation means they provide meaningful diversification when combined. FSCOX charges 1.23%/yr vs 0.06%/yr for IJR.
Performance
FSCOX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, FSCOX achieves a 6.74% return, which is significantly lower than IJR's 19.75% return. Over the past 10 years, FSCOX has underperformed IJR with an annualized return of 9.08%, while IJR has yielded a comparatively higher 11.34% annualized return.
FSCOX
- 1D
- 0.39%
- 1M
- -1.19%
- YTD
- 6.74%
- 6M
- 7.38%
- 1Y
- 15.64%
- 3Y*
- 13.62%
- 5Y*
- 5.02%
- 10Y*
- 9.08%
IJR
- 1D
- 0.03%
- 1M
- 4.58%
- YTD
- 19.75%
- 6M
- 16.72%
- 1Y
- 36.74%
- 3Y*
- 16.28%
- 5Y*
- 6.65%
- 10Y*
- 11.34%
FSCOX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | 6.74% | 25.05% | 4.08% | 16.99% | -28.93% | 17.66% | 19.61% | 29.07% | -14.13% | 34.70% |
IJR iShares Core S&P Small-Cap ETF | 19.75% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between FSCOX and IJR is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2005 | 0.63 |
The correlation between FSCOX and IJR has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
FSCOX vs. IJR — Risk / Return Rank
FSCOX
IJR
FSCOX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Opportunities Fund (FSCOX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| FSCOX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 4.25 | -2.88 |
| Martin ratioReturn relative to average drawdown | 4.53 | 14.27 | -9.74 |
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Drawdowns
FSCOX vs. IJR - Drawdown Comparison
The maximum FSCOX drawdown since its inception was -72.65%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for FSCOX and IJR.
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Drawdown Indicators
| FSCOX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.65% | -58.15% | -14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -8.68% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -28.02% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -28.02% | -12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -44.36% | +3.61% |
Current DrawdownCurrent decline from peak | -1.90% | -0.09% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -9.26% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.58% | +0.76% |
Volatility
FSCOX vs. IJR - Volatility Comparison
Fidelity International Small Cap Opportunities Fund (FSCOX) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 4.69% and 4.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCOX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.92% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 12.05% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 17.76% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 21.40% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 22.93% | -6.82% |
FSCOX vs. IJR - Expense Ratio Comparison
FSCOX has a 1.23% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
FSCOX vs. IJR - Dividend Comparison
FSCOX's dividend yield for the trailing twelve months is around 11.29%, more than IJR's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | 11.29% | 12.05% | 6.41% | 3.73% | 6.40% | 8.83% | 0.00% | 1.09% | 2.99% | 1.31% | 1.43% | 0.47% |
IJR iShares Core S&P Small-Cap ETF | 1.15% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Frequently Asked Questions
FSCOX and IJR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJR has higher volatility (4.92%) compared to FSCOX (4.69%). In terms of maximum drawdown, FSCOX dropped -72.65% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (2.08 vs 1.09), 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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