FSTSX vs. FSCOX
FSTSX (Fidelity Series International Small Cap Fund) and FSCOX (Fidelity International Small Cap Opportunities Fund) are both Foreign Small & Mid Cap Equities funds from Fidelity. Over the past 10 years, FSTSX returned 9.97%/yr vs 9.08%/yr for FSCOX. With a 0.99 correlation, they move nearly in lockstep. FSTSX charges 0.03%/yr vs 1.23%/yr for FSCOX.
Performance
FSTSX vs. FSCOX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FSTSX having a 6.76% return and FSCOX slightly lower at 6.74%. Over the past 10 years, FSTSX has outperformed FSCOX with an annualized return of 9.97%, while FSCOX has yielded a comparatively lower 9.08% annualized return.
FSTSX
- 1D
- 0.37%
- 1M
- -1.29%
- YTD
- 6.76%
- 6M
- 7.42%
- 1Y
- 16.55%
- 3Y*
- 14.80%
- 5Y*
- 6.53%
- 10Y*
- 9.97%
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%
FSTSX vs. FSCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTSX Fidelity Series International Small Cap Fund | 6.76% | 27.49% | 4.97% | 18.36% | -26.25% | 18.29% | 19.61% | 28.24% | -13.19% | 34.44% |
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% |
Correlation
The correlation between FSTSX and FSCOX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.99 |
The correlation between FSTSX and FSCOX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FSTSX vs. FSCOX — Risk / Return Rank
FSTSX
FSCOX
FSTSX vs. FSCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Small Cap Fund (FSTSX) and Fidelity International Small Cap Opportunities Fund (FSCOX). 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 | FSCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.37 | +0.05 |
| Martin ratioReturn relative to average drawdown | 4.75 | 4.53 | +0.22 |
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Drawdowns
FSTSX vs. FSCOX - Drawdown Comparison
The maximum FSTSX drawdown since its inception was -38.91%, smaller than the maximum FSCOX drawdown of -72.65%. Use the drawdown chart below to compare losses from any high point for FSTSX and FSCOX.
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Drawdown Indicators
| FSTSX | FSCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -72.65% | +33.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.02% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -14.60% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -40.75% | +1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -40.75% | +1.84% |
Current DrawdownCurrent decline from peak | -1.95% | -1.90% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -18.47% | +10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.34% | +0.01% |
Volatility
FSTSX vs. FSCOX - Volatility Comparison
Fidelity Series International Small Cap Fund (FSTSX) and Fidelity International Small Cap Opportunities Fund (FSCOX) have volatilities of 4.68% and 4.69%, 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
| FSTSX | FSCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.69% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 11.43% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 13.94% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 16.80% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 16.11% | -0.17% |
FSTSX vs. FSCOX - Expense Ratio Comparison
FSTSX has a 0.03% expense ratio, which is lower than FSCOX's 1.23% expense ratio.
Dividends
FSTSX vs. FSCOX - Dividend Comparison
FSTSX's dividend yield for the trailing twelve months is around 14.27%, more than FSCOX's 11.29% 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% |
FSTSX Fidelity Series International Small Cap Fund | 14.27% | 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
With a correlation of 1.00, FSTSX and FSCOX 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.
FSCOX has higher volatility (4.69%) compared to FSTSX (4.68%). In terms of maximum drawdown, FSTSX dropped -38.91% vs FSCOX's -72.65%.
FSTSX currently has the higher Sharpe Ratio (1.13 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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