RYIPX vs. FSTSX

Last updated Apr 2, 2026

Compare and contrast key facts about Royce International Premier Fund (RYIPX) and Fidelity Series International Small Cap Fund (FSTSX).

RYIPX is managed by Royce Investment Partners. It was launched on Dec 30, 2010. FSTSX is managed by Fidelity. It was launched on Dec 3, 2009.

Performance

RYIPX vs. FSTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce International Premier Fund (RYIPX) and Fidelity Series International Small Cap Fund (FSTSX). The values are adjusted to include any dividend payments, if applicable.

RYIPX vs. FSTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYIPX Royce International Premier Fund	-7.51%	9.37%	-7.37%	7.68%	-27.27%	5.77%	15.74%	34.22%	-12.76%	39.80%
FSTSX Fidelity Series International Small Cap Fund	-2.29%	27.49%	4.97%	18.36%	-26.25%	18.29%	19.61%	28.24%	-13.19%	34.44%

Returns By Period

In the year-to-date period, RYIPX achieves a -7.51% return, which is significantly lower than FSTSX's -2.29% return. Over the past 10 years, RYIPX has underperformed FSTSX with an annualized return of 4.02%, while FSTSX has yielded a comparatively higher 9.15% annualized return.

RYIPX

• 1D: 2.76%
• 1M: -6.84%
• YTD: -7.51%
• 6M: -10.79%
• 1Y: 0.94%
• 3Y*: -2.01%
• 5Y*: -4.72%
• 10Y*: 4.02%

FSTSX

• 1D: 2.76%
• 1M: -7.07%
• YTD: -2.29%
• 6M: -0.44%
• 1Y: 20.19%
• 3Y*: 12.78%
• 5Y*: 5.65%
• 10Y*: 9.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYIPX vs. FSTSX - Expense Ratio Comparison

RYIPX has a 1.44% expense ratio, which is higher than FSTSX's 0.03% expense ratio.

RYIPX

Royce International Premier Fund

FSTSX

Fidelity Series International Small Cap Fund

Return for Risk

RYIPX vs. FSTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYIPX

RYIPX Risk / Return Rank: 5
RYIPX Sharpe Ratio Rank: 5
RYIPX Sortino Ratio Rank: 5
RYIPX Omega Ratio Rank: 5
RYIPX Calmar Ratio Rank: 5
RYIPX Martin Ratio Rank: 5

FSTSX

FSTSX Risk / Return Rank: 68
FSTSX Sharpe Ratio Rank: 74
FSTSX Sortino Ratio Rank: 73
FSTSX Omega Ratio Rank: 68
FSTSX Calmar Ratio Rank: 68
FSTSX Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYIPX vs. FSTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund (RYIPX) and Fidelity Series International Small Cap Fund (FSTSX). 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.

	RYIPX	FSTSX	Difference
Sharpe ratio Return per unit of total volatility	0.10	1.37	-1.27
Sortino ratio Return per unit of downside risk	0.22	1.90	-1.67
Omega ratio Gain probability vs. loss probability	1.03	1.27	-0.24
Calmar ratio Return relative to maximum drawdown	0.03	1.70	-1.67
Martin ratio Return relative to average drawdown	0.07	5.95	-5.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYIPX vs. FSTSX - Sharpe Ratio Comparison

The current RYIPX Sharpe Ratio is 0.10, which is lower than the FSTSX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of RYIPX and FSTSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYIPX	FSTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.37	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.35	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.58	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.59	-0.30

Correlation

The correlation between RYIPX and FSTSX 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

RYIPX vs. FSTSX - Dividend Comparison

RYIPX's dividend yield for the trailing twelve months is around 0.86%, less than FSTSX's 15.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYIPX Royce International Premier Fund	0.86%	0.79%	4.10%	2.18%	3.18%	4.51%	0.00%	0.20%	0.00%	0.71%	2.40%	2.61%
FSTSX Fidelity Series International Small Cap Fund	15.59%	15.24%	10.22%	3.34%	6.38%	13.22%	0.81%	4.27%	10.99%	6.30%	4.01%	7.32%

Drawdowns

RYIPX vs. FSTSX - Drawdown Comparison

The maximum RYIPX drawdown since its inception was -42.14%, which is greater than FSTSX's maximum drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for RYIPX and FSTSX.

Drawdown Indicators

	RYIPX	FSTSX	Difference
Max Drawdown Largest peak-to-trough decline	-42.14%	-38.91%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-11.22%	-5.46%
Max Drawdown (5Y) Largest decline over 5 years	-42.14%	-38.91%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	-42.14%	-38.91%	-3.23%
Current Drawdown Current decline from peak	-33.02%	-8.77%	-24.25%
Average Drawdown Average peak-to-trough decline	-12.19%	-7.95%	-4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	3.20%	+3.04%

Volatility

RYIPX vs. FSTSX - Volatility Comparison

The current volatility for Royce International Premier Fund (RYIPX) is 6.19%, while Fidelity Series International Small Cap Fund (FSTSX) has a volatility of 6.72%. This indicates that RYIPX experiences smaller price fluctuations and is considered to be less risky than FSTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYIPX	FSTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	6.72%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	10.06%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	15.42%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	16.31%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	15.82%	-0.68%