USMF vs. FSISX

Last updated Jun 4, 2026

USMF (WisdomTree US Multifactor Fund) and FSISX (Fidelity SAI International Small Cap Index Fund) are both funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index, while FSISX is a Foreign Small & Mid Cap Equities fund managed by Fidelity. Over the past 5 years, USMF returned 7.67%/yr vs 5.61%/yr for FSISX. A 0.62 correlation means they provide meaningful diversification when combined. USMF charges 0.28%/yr vs 0.10%/yr for FSISX.

Performance

USMF vs. FSISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) and Fidelity SAI International Small Cap Index Fund (FSISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USMF achieves a 4.36% return, which is significantly lower than FSISX's 10.30% return.

USMF

• 1D: -0.56%
• 1M: 3.76%
• YTD: 4.36%
• 6M: 4.80%
• 1Y: 6.28%
• 3Y*: 14.13%
• 5Y*: 7.67%
• 10Y*: —

FSISX

• 1D: -0.09%
• 1M: 2.87%
• YTD: 10.30%
• 6M: 13.47%
• 1Y: 25.30%
• 3Y*: 16.81%
• 5Y*: 5.61%
• 10Y*: —

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

USMF vs. FSISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USMF WisdomTree US Multifactor Fund	4.36%	4.60%	19.65%	13.47%	-8.82%	7.70%
FSISX Fidelity SAI International Small Cap Index Fund	10.30%	32.61%	1.74%	13.23%	-21.18%	-0.40%

Correlation

The correlation between USMF and FSISX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 28, 2021	0.62

The correlation between USMF and FSISX shifts across timeframes, from 0.52 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

USMF vs. FSISX — Risk / Return Rank

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

USMF

USMF Risk / Return Rank: 19
USMF Sharpe Ratio Rank: 18
USMF Sortino Ratio Rank: 17
USMF Omega Ratio Rank: 17
USMF Calmar Ratio Rank: 22
USMF Martin Ratio Rank: 23

FSISX

FSISX Risk / Return Rank: 37
FSISX Sharpe Ratio Rank: 39
FSISX Sortino Ratio Rank: 38
FSISX Omega Ratio Rank: 39
FSISX Calmar Ratio Rank: 31
FSISX Martin Ratio Rank: 35

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.

USMF vs. FSISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) and Fidelity SAI International Small Cap Index Fund (FSISX). 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.

	USMF	FSISX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.82	-1.24
Sortino ratio: Return per unit of downside risk	0.89	2.58	-1.69
Omega ratio: Gain probability vs. loss probability	1.10	1.33	-0.23
Calmar ratio: Return relative to maximum drawdown	0.98	2.10	-1.12
Martin ratio: Return relative to average drawdown	2.93	7.81	-4.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USMF vs. FSISX - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.58, which is lower than the FSISX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of USMF and FSISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USMF	FSISX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.82	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.35	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.36	+0.26

Drawdowns

USMF vs. FSISX - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, roughly equal to the maximum FSISX drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for USMF and FSISX.

Drawdown Indicators

	USMF	FSISX	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	-36.84%	+0.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-11.73%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-14.75%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-36.84%	+18.74%
Current Drawdown Current decline from peak	-0.56%	-1.29%	+0.73%
Average Drawdown Average peak-to-trough decline	-4.16%	-13.12%	+8.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	3.14%	-0.99%

Volatility

USMF vs. FSISX - Volatility Comparison

The current volatility for WisdomTree US Multifactor Fund (USMF) is 2.30%, while Fidelity SAI International Small Cap Index Fund (FSISX) has a volatility of 3.73%. This indicates that USMF experiences smaller price fluctuations and is considered to be less risky than FSISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMF	FSISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	3.73%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	10.86%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	13.52%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	15.90%	-1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	15.89%	+1.08%

USMF vs. FSISX - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is higher than FSISX's 0.10% expense ratio.

Dividends

USMF vs. FSISX - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.32%, less than FSISX's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSISX Fidelity SAI International Small Cap Index Fund	3.35%	3.70%	3.33%	3.13%	3.02%	1.30%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.32%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both USMF and FSISX in my portfolio?

USMF and FSISX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMF or FSISX?

FSISX has higher volatility (3.73%) compared to USMF (2.30%). In terms of maximum drawdown, USMF dropped -36.24% vs FSISX's -36.84%.

Which has better risk-adjusted returns?

FSISX currently has the higher Sharpe Ratio (1.82 vs 0.58), 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.