VIISX vs. FISMX
VIISX (Virtus KAR International Small-Mid Cap Fund) and FISMX (Fidelity International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, VIISX returned 7.88%/yr vs 8.36%/yr for FISMX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. VIISX charges 1.19%/yr vs 1.01%/yr for FISMX.
Performance
VIISX vs. FISMX - Performance Comparison
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Returns By Period
In the year-to-date period, VIISX achieves a 3.65% return, which is significantly lower than FISMX's 6.14% return. Over the past 10 years, VIISX has underperformed FISMX with an annualized return of 7.88%, while FISMX has yielded a comparatively higher 8.36% annualized return.
VIISX
- 1D
- 1.62%
- 1M
- 1.38%
- 6M
- 0.05%
- YTD
- 3.65%
- 1Y
- 0.26%
- 3Y*
- 8.53%
- 5Y*
- -0.95%
- 10Y*
- 7.88%
- ALL TIME*
- 8.34%
FISMX
- 1D
- 2.22%
- 1M
- -2.30%
- 6M
- 1.61%
- YTD
- 6.14%
- 1Y
- 12.43%
- 3Y*
- 11.44%
- 5Y*
- 5.83%
- 10Y*
- 8.36%
- ALL TIME*
- 11.21%
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. FISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIISX Virtus KAR International Small-Mid Cap Fund | 3.65% | 14.30% | 4.06% | 22.36% | -34.42% | 5.84% | 24.38% | 27.62% | -6.81% | 28.48% |
FISMX Fidelity International Small Cap Fund | 6.14% | 24.73% | 0.05% | 19.62% | -16.66% | 13.44% | 9.98% | 21.45% | -16.08% | 31.58% |
Correlation
The correlation between VIISX and FISMX 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 (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.80 |
The correlation between VIISX and FISMX 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. FISMX — Risk / Return Rank
VIISX
FISMX
VIISX vs. FISMX - 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 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.
| VIISX | FISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.16 | -1.20 |
| Martin ratioReturn relative to average drawdown | -0.09 | 3.77 | -3.86 |
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Drawdowns
VIISX vs. FISMX - Drawdown Comparison
The maximum VIISX drawdown since its inception was -50.31%, smaller than the maximum FISMX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for VIISX and FISMX.
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Drawdown Indicators
| VIISX | FISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.31% | -60.94% | +10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -10.71% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -12.70% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -50.31% | -31.07% | -19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -50.31% | -38.80% | -11.51% |
Current DrawdownCurrent decline from peak | -8.75% | -4.75% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -10.59% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 3.29% | +2.29% |
Volatility
VIISX vs. FISMX - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund (VIISX) is 3.72%, while Fidelity International Small Cap Fund (FISMX) has a volatility of 4.75%. This indicates that VIISX 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
| VIISX | FISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 4.75% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 11.98% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 13.73% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 13.80% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 13.95% | +1.43% |
VIISX vs. FISMX - Expense Ratio Comparison
VIISX has a 1.19% expense ratio, which is higher than FISMX's 1.01% expense ratio.
Dividends
VIISX vs. FISMX - Dividend Comparison
VIISX's dividend yield for the trailing twelve months is around 3.59%, more than FISMX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISMX Fidelity International Small Cap Fund | 3.38% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
VIISX Virtus KAR International Small-Mid Cap Fund | 3.59% | 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 FISMX 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.
FISMX has higher volatility (4.75%) compared to VIISX (3.72%). In terms of maximum drawdown, VIISX dropped -50.31% vs FISMX's -60.94%.
FISMX currently has the higher Sharpe Ratio (0.91 vs -0.04), 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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