FSTSX vs. ISCF
FSTSX (Fidelity Series International Small Cap Fund) and ISCF (iShares MSCI Intl Small-Cap Multifactor ETF) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FSTSX returned 9.97%/yr vs 9.24%/yr for ISCF. Their correlation of 0.83 suggests significant overlap in exposure. FSTSX charges 0.03%/yr vs 0.40%/yr for ISCF.
Performance
FSTSX vs. ISCF - Performance Comparison
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Returns By Period
In the year-to-date period, FSTSX achieves a 6.76% return, which is significantly lower than ISCF's 7.82% return. Over the past 10 years, FSTSX has outperformed ISCF with an annualized return of 9.97%, while ISCF has yielded a comparatively lower 9.24% 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%
ISCF
- 1D
- 0.27%
- 1M
- -0.01%
- YTD
- 7.82%
- 6M
- 8.05%
- 1Y
- 22.38%
- 3Y*
- 18.06%
- 5Y*
- 7.94%
- 10Y*
- 9.24%
FSTSX vs. ISCF - 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% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 7.82% | 33.65% | 4.75% | 11.50% | -15.07% | 13.31% | 7.65% | 26.32% | -18.76% | 38.13% |
Correlation
The correlation between FSTSX and ISCF is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 1, 2015 | 0.83 |
The correlation between FSTSX and ISCF has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
FSTSX vs. ISCF — Risk / Return Rank
FSTSX
ISCF
FSTSX vs. ISCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series International Small Cap Fund (FSTSX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF). 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 | ISCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.98 | -0.56 |
| Martin ratioReturn relative to average drawdown | 4.75 | 7.27 | -2.52 |
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Drawdowns
FSTSX vs. ISCF - Drawdown Comparison
The maximum FSTSX drawdown since its inception was -38.91%, roughly equal to the maximum ISCF drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for FSTSX and ISCF.
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Drawdown Indicators
| FSTSX | ISCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -40.79% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.34% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -13.85% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -30.70% | -8.21% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -40.79% | +1.88% |
Current DrawdownCurrent decline from peak | -1.95% | -2.15% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -8.12% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.09% | +0.26% |
Volatility
FSTSX vs. ISCF - Volatility Comparison
Fidelity Series International Small Cap Fund (FSTSX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) have volatilities of 4.68% and 4.61%, 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 | ISCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.61% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 12.43% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 14.80% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 16.72% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 17.42% | -1.48% |
FSTSX vs. ISCF - Expense Ratio Comparison
FSTSX has a 0.03% expense ratio, which is lower than ISCF's 0.40% expense ratio.
Dividends
FSTSX vs. ISCF - Dividend Comparison
FSTSX's dividend yield for the trailing twelve months is around 14.27%, more than ISCF's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 3.67% | 3.76% | 4.29% | 3.94% | 2.73% | 3.93% | 2.30% | 2.87% | 2.14% | 1.97% | 2.89% | 1.46% |
Frequently Asked Questions
FSTSX and ISCF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTSX has higher volatility (4.68%) compared to ISCF (4.61%). In terms of maximum drawdown, FSTSX dropped -38.91% vs ISCF's -40.79%.
ISCF currently has the higher Sharpe Ratio (1.52 vs 1.13), 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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