FSISX vs. VYMI

Last updated Jun 24, 2026

FSISX (Fidelity SAI International Small Cap Index Fund) and VYMI (Vanguard International High Dividend Yield ETF) are both funds - FSISX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 5 years, FSISX returned 5.75%/yr vs 12.40%/yr for VYMI. Their correlation of 0.85 suggests significant overlap in exposure. FSISX charges 0.10%/yr vs 0.07%/yr for VYMI.

Performance

FSISX vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI International Small Cap Index Fund (FSISX) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSISX achieves a 9.14% return, which is significantly lower than VYMI's 11.38% return.

FSISX

• 1D: -0.26%
• 1M: -0.53%
• YTD: 9.14%
• 6M: 9.14%
• 1Y: 23.34%
• 3Y*: 16.89%
• 5Y*: 5.75%
• 10Y*: —

VYMI

• 1D: -1.23%
• 1M: -0.28%
• YTD: 11.38%
• 6M: 11.17%
• 1Y: 30.40%
• 3Y*: 21.85%
• 5Y*: 12.40%
• 10Y*: 11.21%

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

FSISX vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSISX Fidelity SAI International Small Cap Index Fund	9.14%	32.61%	1.74%	13.23%	-21.18%	-0.40%
VYMI Vanguard International High Dividend Yield ETF	11.38%	38.05%	7.06%	17.07%	-7.02%	0.31%

Correlation

The correlation between FSISX and VYMI is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.85

The correlation between FSISX and VYMI has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

FSISX vs. VYMI — Risk / Return Rank

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

FSISX

FSISX Risk / Return Rank: 39
FSISX Sharpe Ratio Rank: 42
FSISX Sortino Ratio Rank: 41
FSISX Omega Ratio Rank: 42
FSISX Calmar Ratio Rank: 34
FSISX Martin Ratio Rank: 36

VYMI

VYMI Risk / Return Rank: 70
VYMI Sharpe Ratio Rank: 75
VYMI Sortino Ratio Rank: 73
VYMI Omega Ratio Rank: 74
VYMI Calmar Ratio Rank: 63
VYMI Martin Ratio Rank: 67

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.

FSISX vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI International Small Cap Index Fund (FSISX) and Vanguard International High Dividend Yield ETF (VYMI). 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.

	FSISX	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.30	-0.54
Sortino ratio: Return per unit of downside risk	2.51	3.14	-0.63
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.07	3.01	-0.94
Martin ratio: Return relative to average drawdown	7.59	11.81	-4.22

FSISX vs. VYMI - Sharpe Ratio Comparison

The current FSISX Sharpe Ratio is 1.76, which is comparable to the VYMI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FSISX and VYMI, 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

FSISX vs. VYMI - Drawdown Comparison

The maximum FSISX drawdown since its inception was -36.84%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for FSISX and VYMI.

Drawdown Indicators

	FSISX	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-36.84%	-40.00%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-10.14%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-12.84%	-1.91%
Max Drawdown (5Y) Largest decline over 5 years	-36.84%	-24.05%	-12.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.00%	—
Current Drawdown Current decline from peak	-2.33%	-1.97%	-0.36%
Average Drawdown Average peak-to-trough decline	-13.00%	-6.28%	-6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.58%	+0.61%

Volatility

FSISX vs. VYMI - Volatility Comparison

Fidelity SAI International Small Cap Index Fund (FSISX) has a higher volatility of 4.39% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.14%. This indicates that FSISX's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSISX	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.14%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	11.20%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	13.27%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	14.87%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	16.61%	-0.72%

FSISX vs. VYMI - Expense Ratio Comparison

FSISX has a 0.10% expense ratio, which is higher than VYMI's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FSISX vs. VYMI - Dividend Comparison

FSISX's dividend yield for the trailing twelve months is around 3.39%, less than VYMI's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSISX Fidelity SAI International Small Cap Index Fund	3.39%	3.70%	3.33%	3.13%	3.02%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.67%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both FSISX and VYMI in my portfolio?

FSISX and VYMI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSISX or VYMI?

FSISX has higher volatility (4.39%) compared to VYMI (4.14%). In terms of maximum drawdown, FSISX dropped -36.84% vs VYMI's -40.00%.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.30 vs 1.76), 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.