FTISX vs. VFSNX
FTISX (Fidelity Advisor International Small Cap Fund Class M) and VFSNX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, FTISX returned 8.29%/yr vs 8.11%/yr for VFSNX. Their correlation of 0.93 suggests significant overlap in exposure. FTISX charges 1.57%/yr vs 0.11%/yr for VFSNX.
Performance
FTISX vs. VFSNX - Performance Comparison
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Returns By Period
In the year-to-date period, FTISX achieves a 9.42% return, which is significantly lower than VFSNX's 10.74% return. Both investments have delivered pretty close results over the past 10 years, with FTISX having a 8.29% annualized return and VFSNX not far behind at 8.11%.
FTISX
- 1D
- -0.48%
- 1M
- 1.93%
- YTD
- 9.42%
- 6M
- 10.89%
- 1Y
- 17.22%
- 3Y*
- 13.64%
- 5Y*
- 5.51%
- 10Y*
- 8.29%
VFSNX
- 1D
- -0.91%
- 1M
- -0.06%
- YTD
- 10.74%
- 6M
- 13.41%
- 1Y
- 26.54%
- 3Y*
- 16.82%
- 5Y*
- 5.82%
- 10Y*
- 8.11%
FTISX vs. VFSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTISX Fidelity Advisor International Small Cap Fund Class M | 9.42% | 24.03% | -0.46% | 18.97% | -17.12% | 12.83% | 9.29% | 20.77% | -16.57% | 31.41% |
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 10.74% | 29.97% | 2.63% | 15.18% | -21.26% | 12.74% | 11.92% | 21.72% | -18.46% | 30.30% |
Correlation
The correlation between FTISX and VFSNX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2009 | 0.93 |
The correlation between FTISX and VFSNX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FTISX vs. VFSNX — Risk / Return Rank
FTISX
VFSNX
FTISX vs. VFSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class M (FTISX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX). 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.
| FTISX | VFSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.40 | -0.74 |
| Martin ratioReturn relative to average drawdown | 5.90 | 9.24 | -3.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTISX | VFSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.06 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.39 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.52 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.59 | +0.12 |
Drawdowns
FTISX vs. VFSNX - Drawdown Comparison
The maximum FTISX drawdown since its inception was -61.12%, which is greater than VFSNX's maximum drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for FTISX and VFSNX.
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Drawdown Indicators
| FTISX | VFSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -43.65% | -17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -11.47% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -14.70% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -33.75% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -39.55% | -43.65% | +4.10% |
Current DrawdownCurrent decline from peak | -1.56% | -1.99% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -9.49% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.98% | +0.03% |
Volatility
FTISX vs. VFSNX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class M (FTISX) is 3.82%, while Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) has a volatility of 4.40%. This indicates that FTISX experiences smaller price fluctuations and is considered to be less risky than VFSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTISX | VFSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.40% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 11.22% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 13.40% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 15.03% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 15.76% | -1.72% |
FTISX vs. VFSNX - Expense Ratio Comparison
FTISX has a 1.57% expense ratio, which is higher than VFSNX's 0.11% expense ratio.
Dividends
FTISX vs. VFSNX - Dividend Comparison
FTISX's dividend yield for the trailing twelve months is around 2.98%, less than VFSNX's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTISX Fidelity Advisor International Small Cap Fund Class M | 2.98% | 3.26% | 2.24% | 1.40% | 0.13% | 6.94% | 0.34% | 1.81% | 5.50% | 2.52% | 2.08% | 2.86% |
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 3.03% | 3.36% | 3.41% | 3.11% | 2.26% | 2.70% | 1.90% | 3.25% | 2.81% | 2.85% | 2.93% | 2.69% |
Frequently Asked Questions
With a correlation of 0.91, FTISX and VFSNX 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.
VFSNX has higher volatility (4.40%) compared to FTISX (3.82%). In terms of maximum drawdown, FTISX dropped -61.12% vs VFSNX's -43.65%.
VFSNX currently has the higher Sharpe Ratio (2.06 vs 1.46), 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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