ISCF vs. FISMX
ISCF (iShares MSCI Intl Small-Cap Multifactor ETF) and FISMX (Fidelity International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, ISCF returned 9.22%/yr vs 8.36%/yr for FISMX. Their correlation of 0.84 means they have usually moved in the same direction. ISCF charges 0.40%/yr vs 1.01%/yr for FISMX.
Performance
ISCF vs. FISMX - Performance Comparison
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Returns By Period
In the year-to-date period, ISCF achieves a 8.61% return, which is significantly higher than FISMX's 6.14% return. Over the past 10 years, ISCF has outperformed FISMX with an annualized return of 9.22%, while FISMX has yielded a comparatively lower 8.36% annualized return.
ISCF
- 1D
- -0.45%
- 1M
- 1.07%
- 6M
- 2.34%
- YTD
- 8.61%
- 1Y
- 18.60%
- 3Y*
- 16.29%
- 5Y*
- 7.33%
- 10Y*
- 9.22%
- ALL TIME*
- 8.48%
FISMX
- 1D
- 2.22%
- 1M
- -2.30%
- 6M
- 1.61%
- YTD
- 6.14%
- 1Y
- 12.43%
- 3Y*
- 11.44%
- 5Y*
- 5.83%
- 10Y*
- 8.36%
- ALL TIME*
- 11.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.26M | $1.80M | $2.25M |
ISCF vs. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 8.61% | 33.65% | 4.75% | 11.50% | -15.07% | 13.31% | 7.65% | 26.32% | -18.76% | 38.13% |
FISMX Fidelity International Small Cap Fund | 6.14% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Correlation
The correlation between ISCF and FISMX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 1, 2015 | 0.84 |
The correlation between ISCF and FISMX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
ISCF vs. FISMX — Risk / Return Rank
ISCF
FISMX
ISCF vs. FISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) 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.
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.
| ISCF | FISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.16 | +0.51 |
| Martin ratioReturn relative to average drawdown | 5.92 | 3.77 | +2.14 |
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Drawdowns
ISCF vs. FISMX - Drawdown Comparison
The maximum ISCF drawdown since its inception was -40.79%, smaller than the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for ISCF and FISMX.
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Drawdown Indicators
| ISCF | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.79% | -60.94% | +20.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -10.71% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -12.70% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -30.70% | -31.07% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -40.79% | -38.80% | -1.99% |
Current DrawdownCurrent decline from peak | -1.43% | -4.75% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -10.59% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.29% | -0.09% |
Volatility
ISCF vs. FISMX - Volatility Comparison
iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) and Fidelity International Small Cap Fund (FISMX) have volatilities of 4.73% and 4.75%, 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
| ISCF | FISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 4.75% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 11.98% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 13.73% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 13.80% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 13.95% | +3.21% |
ISCF vs. FISMX - Expense Ratio Comparison
ISCF has a 0.40% expense ratio, which is lower than FISMX's 1.01% expense ratio.
Dividends
ISCF vs. FISMX - Dividend Comparison
ISCF's dividend yield for the trailing twelve months is around 3.65%, more than FISMX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.38% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
ISCF iShares MSCI Intl Small-Cap Multifactor ETF | 3.65% | 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
ISCF and FISMX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISMX has higher volatility (4.75%) compared to ISCF (4.73%). In terms of maximum drawdown, ISCF dropped -40.79% vs FISMX's -60.94%.
ISCF currently has the higher Sharpe Ratio (1.25 vs 0.91), 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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