VFSNX vs. FIQIX
Compare and contrast key facts about Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX).
VFSNX is managed by Vanguard. It was launched on Apr 2, 2009. FIQIX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
VFSNX vs. FIQIX - Performance Comparison
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VFSNX vs. FIQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | -1.08% | 29.97% | 2.63% | 15.18% | -21.26% | 12.74% | 11.92% | 21.72% | -9.14% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | -2.49% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
Returns By Period
In the year-to-date period, VFSNX achieves a -1.08% return, which is significantly higher than FIQIX's -2.49% return.
VFSNX
- 1D
- -0.56%
- 1M
- -11.47%
- YTD
- -1.08%
- 6M
- 1.46%
- 1Y
- 26.81%
- 3Y*
- 12.77%
- 5Y*
- 5.20%
- 10Y*
- 7.33%
FIQIX
- 1D
- -0.30%
- 1M
- -10.40%
- YTD
- -2.49%
- 6M
- -0.76%
- 1Y
- 15.97%
- 3Y*
- 10.38%
- 5Y*
- 5.19%
- 10Y*
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VFSNX vs. FIQIX - Expense Ratio Comparison
VFSNX has a 0.11% expense ratio, which is lower than FIQIX's 0.89% expense ratio.
Return for Risk
VFSNX vs. FIQIX — Risk / Return Rank
VFSNX
FIQIX
VFSNX vs. FIQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX). 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.
| VFSNX | FIQIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.11 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.47 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.28 | +0.82 |
Martin ratioReturn relative to average drawdown | 8.39 | 4.66 | +3.73 |
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
| VFSNX | FIQIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.11 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.39 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.50 | +0.05 |
Correlation
The correlation between VFSNX and FIQIX is 0.94, 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
VFSNX vs. FIQIX - Dividend Comparison
VFSNX's dividend yield for the trailing twelve months is around 3.40%, less than FIQIX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSNX Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | 3.40% | 3.36% | 3.41% | 3.11% | 2.26% | 2.70% | 1.90% | 3.25% | 2.81% | 2.85% | 2.93% | 2.69% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.78% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFSNX vs. FIQIX - Drawdown Comparison
The maximum VFSNX drawdown since its inception was -43.65%, which is greater than FIQIX's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for VFSNX and FIQIX.
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Drawdown Indicators
| VFSNX | FIQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -36.61% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -10.72% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -30.95% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | — | — |
Current DrawdownCurrent decline from peak | -11.47% | -10.40% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -6.88% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.93% | -0.07% |
Volatility
VFSNX vs. FIQIX - Volatility Comparison
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) has a higher volatility of 6.02% compared to Fidelity Advisor International Small Cap Fund Class Z (FIQIX) at 5.72%. This indicates that VFSNX's price experiences larger fluctuations and is considered to be riskier than FIQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFSNX | FIQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.72% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 8.69% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 13.29% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 13.36% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 15.11% | +0.55% |