VFSNX vs. FISMX
Compare and contrast key facts about Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) and Fidelity International Small Cap Fund (FISMX).
VFSNX is managed by Vanguard. It was launched on Apr 2, 2009. FISMX is managed by Fidelity. It was launched on Sep 18, 2002.
Performance
VFSNX vs. FISMX - Performance Comparison
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VFSNX vs. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -18.46% | 30.30% |
FISMX Fidelity International Small Cap Fund | -2.53% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Returns By Period
In the year-to-date period, VFSNX achieves a -1.08% return, which is significantly higher than FISMX's -2.53% return. Over the past 10 years, VFSNX has underperformed FISMX with an annualized return of 7.33%, while FISMX has yielded a comparatively higher 8.02% annualized 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%
FISMX
- 1D
- -0.33%
- 1M
- -10.41%
- YTD
- -2.53%
- 6M
- -0.83%
- 1Y
- 15.86%
- 3Y*
- 10.28%
- 5Y*
- 5.08%
- 10Y*
- 8.02%
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VFSNX vs. FISMX - Expense Ratio Comparison
VFSNX has a 0.11% expense ratio, which is lower than FISMX's 1.01% expense ratio.
Return for Risk
VFSNX vs. FISMX — Risk / Return Rank
VFSNX
FISMX
VFSNX vs. FISMX - 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 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.
| VFSNX | FISMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.10 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.46 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.27 | +0.82 |
Martin ratioReturn relative to average drawdown | 8.39 | 4.64 | +3.76 |
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 | FISMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.10 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.38 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.58 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.70 | -0.15 |
Correlation
The correlation between VFSNX and FISMX is 0.93, 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. FISMX - Dividend Comparison
VFSNX's dividend yield for the trailing twelve months is around 3.40%, less than FISMX's 3.68% 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% |
FISMX Fidelity International Small Cap Fund | 3.68% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
Drawdowns
VFSNX vs. FISMX - Drawdown Comparison
The maximum VFSNX drawdown since its inception was -43.65%, smaller than the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for VFSNX and FISMX.
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Drawdown Indicators
| VFSNX | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -60.94% | +17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -10.71% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -31.07% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -38.80% | -4.85% |
Current DrawdownCurrent decline from peak | -11.47% | -10.41% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -10.71% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.93% | -0.07% |
Volatility
VFSNX vs. FISMX - 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 International Small Cap Fund (FISMX) at 5.72%. This indicates that VFSNX's price experiences larger fluctuations and is considered to be riskier 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
| VFSNX | FISMX | 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% | 13.31% | +1.12% |
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% | 13.93% | +1.73% |