GWX vs. FISMX
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and Fidelity International Small Cap Fund (FISMX).
GWX is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. Under USD2 Billion Index. It was launched on Apr 20, 2007. FISMX is managed by Fidelity. It was launched on Sep 18, 2002.
Performance
GWX vs. FISMX - Performance Comparison
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GWX vs. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 5.41% | 35.89% | 0.21% | 10.94% | -19.98% | 9.66% | 13.41% | 18.18% | -18.97% | 28.88% |
FISMX Fidelity International Small Cap Fund | -0.22% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Returns By Period
In the year-to-date period, GWX achieves a 5.41% return, which is significantly higher than FISMX's -0.22% return. Over the past 10 years, GWX has underperformed FISMX with an annualized return of 7.61%, while FISMX has yielded a comparatively higher 8.27% annualized return.
GWX
- 1D
- 1.99%
- 1M
- -5.90%
- YTD
- 5.41%
- 6M
- 8.61%
- 1Y
- 38.66%
- 3Y*
- 14.78%
- 5Y*
- 5.52%
- 10Y*
- 7.61%
FISMX
- 1D
- 2.37%
- 1M
- -6.49%
- YTD
- -0.22%
- 6M
- 1.66%
- 1Y
- 18.09%
- 3Y*
- 11.14%
- 5Y*
- 5.35%
- 10Y*
- 8.27%
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GWX vs. FISMX - Expense Ratio Comparison
GWX has a 0.40% expense ratio, which is lower than FISMX's 1.01% expense ratio.
Return for Risk
GWX vs. FISMX — Risk / Return Rank
GWX
FISMX
GWX vs. FISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Small Cap ETF (GWX) and Fidelity International Small Cap Fund (FISMX). 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.
| GWX | FISMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 1.39 | +0.91 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.83 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.61 | +1.65 |
Martin ratioReturn relative to average drawdown | 13.14 | 5.85 | +7.28 |
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
| GWX | FISMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 1.39 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.40 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.60 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.71 | -0.49 |
Correlation
The correlation between GWX and FISMX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GWX vs. FISMX - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.69%, less than FISMX's 3.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 2.69% | 2.83% | 2.71% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.67% |
FISMX Fidelity International Small Cap Fund | 3.59% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
Drawdowns
GWX vs. FISMX - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, roughly equal to the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for GWX and FISMX.
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Drawdown Indicators
| GWX | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -60.94% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -10.71% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -34.58% | -31.07% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.27% | -38.80% | -6.47% |
Current DrawdownCurrent decline from peak | -7.24% | -8.29% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -14.85% | -10.71% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.95% | +0.01% |
Volatility
GWX vs. FISMX - Volatility Comparison
SPDR S&P International Small Cap ETF (GWX) has a higher volatility of 7.43% compared to Fidelity International Small Cap Fund (FISMX) at 6.19%. This indicates that GWX's price experiences larger fluctuations and is considered to be riskier than FISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWX | FISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 6.19% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 9.00% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 13.48% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 13.40% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 13.95% | +3.30% |