FSTSX vs. BISAX
FSTSX (Fidelity Series International Small Cap Fund) and BISAX (Brandes International Small Cap Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FSTSX returned 9.96%/yr vs 11.60%/yr for BISAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FSTSX charges 0.03%/yr vs 1.36%/yr for BISAX.
Performance
FSTSX vs. BISAX - Performance Comparison
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Returns By Period
In the year-to-date period, FSTSX achieves a 6.54% return, which is significantly lower than BISAX's 7.90% return. Over the past 10 years, FSTSX has underperformed BISAX with an annualized return of 9.96%, while BISAX has yielded a comparatively higher 11.60% annualized return.
FSTSX
- 1D
- 1.98%
- 1M
- -0.05%
- 6M
- 3.14%
- YTD
- 6.54%
- 1Y
- 11.87%
- 3Y*
- 14.62%
- 5Y*
- 5.38%
- 10Y*
- 9.96%
- ALL TIME*
- 9.53%
BISAX
- 1D
- 1.47%
- 1M
- 7.60%
- 6M
- 3.33%
- YTD
- 7.90%
- 1Y
- 14.05%
- 3Y*
- 28.43%
- 5Y*
- 19.03%
- 10Y*
- 11.60%
- ALL TIME*
- 11.22%
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 |
FSTSX vs. BISAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTSX Fidelity Series International Small Cap Fund | 6.54% | 27.49% | 4.97% | 18.36% | -26.25% | 18.29% | 19.61% | 28.24% | -13.19% | 34.44% |
BISAX Brandes International Small Cap Equity Fund | 7.90% | 45.50% | 23.18% | 39.03% | -8.68% | 18.39% | 4.62% | 6.80% | -20.13% | 11.52% |
Correlation
The correlation between FSTSX and BISAX is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.79 |
The correlation between FSTSX and BISAX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
FSTSX vs. BISAX — Risk / Return Rank
FSTSX
BISAX
FSTSX vs. BISAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Small Cap Fund (FSTSX) and Brandes International Small Cap Equity Fund (BISAX). 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.
| FSTSX | BISAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.20 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.57 | 2.77 | +0.80 |
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Drawdowns
FSTSX vs. BISAX - Drawdown Comparison
The maximum FSTSX drawdown since its inception was -38.91%, smaller than the maximum BISAX drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for FSTSX and BISAX.
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Drawdown Indicators
| FSTSX | BISAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -47.30% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.63% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | -11.63% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -31.44% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -47.30% | +8.39% |
Current DrawdownCurrent decline from peak | -2.16% | -1.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -8.04% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 5.03% | -1.54% |
Volatility
FSTSX vs. BISAX - Volatility Comparison
Fidelity Series International Small Cap Fund (FSTSX) has a higher volatility of 4.12% compared to Brandes International Small Cap Equity Fund (BISAX) at 3.44%. This indicates that FSTSX's price experiences larger fluctuations and is considered to be riskier than BISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTSX | BISAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 3.44% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.76% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 12.86% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 13.89% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 14.13% | +1.56% |
FSTSX vs. BISAX - Expense Ratio Comparison
FSTSX has a 0.03% expense ratio, which is lower than BISAX's 1.36% expense ratio.
Dividends
FSTSX vs. BISAX - Dividend Comparison
FSTSX's dividend yield for the trailing twelve months is around 14.30%, more than BISAX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISAX Brandes International Small Cap Equity Fund | 3.41% | 3.23% | 3.06% | 2.81% | 3.87% | 3.46% | 0.81% | 0.66% | 3.88% | 8.33% | 4.00% | 3.44% |
FSTSX Fidelity Series International Small Cap Fund | 14.30% | 15.24% | 10.22% | 3.34% | 6.38% | 13.22% | 0.81% | 4.27% | 10.99% | 6.30% | 4.01% | 7.32% |
Frequently Asked Questions
FSTSX and BISAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTSX has higher volatility (4.12%) compared to BISAX (3.44%). In terms of maximum drawdown, FSTSX dropped -38.91% vs BISAX's -47.30%.
BISAX currently has the higher Sharpe Ratio (1.09 vs 0.87), 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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