SAISX vs. FISMX
SAISX (SA International Small Company Fund) and FISMX (Fidelity International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, SAISX returned 8.47%/yr vs 8.31%/yr for FISMX. Their correlation of 0.91 means they have usually moved in the same direction. SAISX charges 0.74%/yr vs 0.90%/yr for FISMX.
Performance
SAISX vs. FISMX - Performance Comparison
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Returns By Period
In the year-to-date period, SAISX achieves a 8.42% return, which is significantly higher than FISMX's 5.57% return. Both investments have delivered pretty close results over the past 10 years, with SAISX having a 8.47% annualized return and FISMX not far behind at 8.31%.
SAISX
- 1D
- -0.97%
- 1M
- 1.06%
- 6M
- 2.64%
- YTD
- 8.42%
- 1Y
- 21.04%
- 3Y*
- 16.31%
- 5Y*
- 7.26%
- 10Y*
- 8.47%
- ALL TIME*
- 7.35%
FISMX
- 1D
- -0.54%
- 1M
- -2.82%
- 6M
- 1.25%
- YTD
- 5.57%
- 1Y
- 11.82%
- 3Y*
- 11.46%
- 5Y*
- 5.71%
- 10Y*
- 8.31%
- ALL TIME*
- 11.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SAISX vs. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAISX SA International Small Company Fund | 8.42% | 35.69% | 3.19% | 13.87% | -17.68% | 13.52% | 8.54% | 23.25% | -20.10% | 29.04% |
FISMX Fidelity International Small Cap Fund | 5.57% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Correlation
The correlation between SAISX and FISMX is 0.84, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2002 | 0.91 |
The correlation between SAISX 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
SAISX vs. FISMX — Risk / Return Rank
SAISX
FISMX
SAISX vs. FISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA International Small Company Fund (SAISX) 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.
| SAISX | FISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.16 | +0.73 |
| Martin ratioReturn relative to average drawdown | 6.24 | 3.76 | +2.48 |
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Drawdowns
SAISX vs. FISMX - Drawdown Comparison
The maximum SAISX drawdown since its inception was -61.36%, roughly equal to the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for SAISX and FISMX.
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Drawdown Indicators
| SAISX | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.36% | -60.94% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.71% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -12.70% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -31.07% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -43.94% | -38.80% | -5.14% |
Current DrawdownCurrent decline from peak | -2.37% | -5.26% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -10.59% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.31% | +0.24% |
Volatility
SAISX vs. FISMX - Volatility Comparison
The current volatility for SA International Small Company Fund (SAISX) is 4.38%, while Fidelity International Small Cap Fund (FISMX) has a volatility of 4.68%. This indicates that SAISX experiences smaller price fluctuations and is considered to be less risky 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
| SAISX | FISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.68% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 11.99% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 13.71% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 13.80% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 13.95% | +2.12% |
SAISX vs. FISMX - Expense Ratio Comparison
SAISX has a 0.74% expense ratio, which is lower than FISMX's 0.90% expense ratio.
Dividends
SAISX vs. FISMX - Dividend Comparison
SAISX's dividend yield for the trailing twelve months is around 5.47%, more than FISMX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.39% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
SAISX SA International Small Company Fund | 5.47% | 5.93% | 3.96% | 3.31% | 6.05% | 5.68% | 1.95% | 5.67% | 6.70% | 4.28% | 4.07% | 3.84% |
Frequently Asked Questions
SAISX and FISMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISMX has higher volatility (4.68%) compared to SAISX (4.38%). In terms of maximum drawdown, SAISX dropped -61.36% vs FISMX's -60.94%.
SAISX currently has the higher Sharpe Ratio (1.55 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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