VIISX vs. FIQIX
VIISX (Virtus KAR International Small-Mid Cap Fund) and FIQIX (Fidelity Advisor International Small Cap Fund Class Z) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, VIISX returned -1.10%/yr vs 5.82%/yr for FIQIX. Their correlation of 0.83 means they have usually moved in the same direction. VIISX charges 1.19%/yr vs 0.89%/yr for FIQIX.
Performance
VIISX vs. FIQIX - Performance Comparison
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Returns By Period
In the year-to-date period, VIISX achieves a 2.87% return, which is significantly lower than FIQIX's 5.62% return.
VIISX
- 1D
- -0.75%
- 1M
- 0.62%
- 6M
- -1.26%
- YTD
- 2.87%
- 1Y
- -0.49%
- 3Y*
- 8.52%
- 5Y*
- -1.10%
- 10Y*
- 7.80%
- ALL TIME*
- 8.28%
FIQIX
- 1D
- -0.53%
- 1M
- -2.81%
- 6M
- 1.30%
- YTD
- 5.62%
- 1Y
- 11.91%
- 3Y*
- 11.55%
- 5Y*
- 5.82%
- 10Y*
- —
- ALL TIME*
- 8.27%
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 |
VIISX vs. FIQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 2.87% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.07% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 5.62% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
Correlation
The correlation between VIISX and FIQIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.83 |
The correlation between VIISX and FIQIX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
VIISX vs. FIQIX — Risk / Return Rank
VIISX
FIQIX
VIISX vs. FIQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund (VIISX) 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.
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.
| VIISX | FIQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.17 | -1.24 |
| Martin ratioReturn relative to average drawdown | -0.16 | 3.79 | -3.95 |
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Drawdowns
VIISX vs. FIQIX - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, which is greater than FIQIX's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for VIISX and FIQIX.
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Drawdown Indicators
| VIISX | FIQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -36.61% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -10.72% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -12.65% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -30.95% | -19.36% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | — | — |
Current DrawdownCurrent decline from peak | -9.43% | -5.26% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -6.69% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 3.31% | +2.27% |
Volatility
VIISX vs. FIQIX - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund (VIISX) is 3.82%, while Fidelity Advisor International Small Cap Fund Class Z (FIQIX) has a volatility of 4.68%. This indicates that VIISX experiences smaller price fluctuations and is considered to be less risky 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
| VIISX | FIQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.68% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 11.99% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 13.70% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 13.79% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 15.20% | +0.18% |
VIISX vs. FIQIX - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is higher than FIQIX's 0.89% expense ratio.
Dividends
VIISX vs. FIQIX - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 3.61%, more than FIQIX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.49% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.61% | 3.72% | 1.94% | 0.00% | 0.00% | 8.43% | 1.16% | 1.98% | 1.42% | 1.82% | 2.75% | 3.43% |
Frequently Asked Questions
VIISX and FIQIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQIX has higher volatility (4.68%) compared to VIISX (3.82%). In terms of maximum drawdown, VIISX dropped -50.31% vs FIQIX's -36.61%.
FIQIX currently has the higher Sharpe Ratio (0.92 vs -0.07), 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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