VISAX vs. FIQIX
VISAX (Virtus KAR International Small-Mid Cap Fund Class A) and FIQIX (Fidelity Advisor International Small Cap Fund Class Z) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, VISAX returned -1.19%/yr vs 5.94%/yr for FIQIX. Their correlation of 0.83 means they have usually moved in the same direction. VISAX charges 1.44%/yr vs 0.89%/yr for FIQIX.
Performance
VISAX vs. FIQIX - Performance Comparison
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Returns By Period
In the year-to-date period, VISAX achieves a 3.53% return, which is significantly lower than FIQIX's 6.19% return.
VISAX
- 1D
- 1.59%
- 1M
- 1.39%
- 6M
- -0.05%
- YTD
- 3.53%
- 1Y
- 0.01%
- 3Y*
- 8.27%
- 5Y*
- -1.19%
- 10Y*
- 7.60%
- ALL TIME*
- 8.06%
FIQIX
- 1D
- 2.21%
- 1M
- -2.29%
- 6M
- 1.63%
- YTD
- 6.19%
- 1Y
- 12.51%
- 3Y*
- 11.53%
- 5Y*
- 5.94%
- 10Y*
- —
- ALL TIME*
- 8.35%
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 |
VISAX vs. FIQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VISAX Virtus KAR International Small-Mid Cap Fund Class A | 3.53% | 13.92% | 3.87% | 21.99% | -34.52% | 5.48% | 24.02% | 27.25% | -6.07% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 6.19% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
Correlation
The correlation between VISAX 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 VISAX 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
VISAX vs. FIQIX — Risk / Return Rank
VISAX
FIQIX
VISAX vs. FIQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus KAR International Small-Mid Cap Fund Class A (VISAX) 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.
| VISAX | FIQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.17 | -1.23 |
| Martin ratioReturn relative to average drawdown | -0.14 | 3.80 | -3.93 |
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Drawdowns
VISAX vs. FIQIX - Drawdown Comparison
The maximum VISAX drawdown since its inception was -50.44%, which is greater than FIQIX's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for VISAX and FIQIX.
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Drawdown Indicators
| VISAX | FIQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.44% | -36.61% | -13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -10.72% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -12.65% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -50.44% | -30.95% | -19.49% |
Max Drawdown (10Y)Largest decline over 10 years | -50.44% | — | — |
Current DrawdownCurrent decline from peak | -9.89% | -4.75% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -6.69% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 3.29% | +2.36% |
Volatility
VISAX vs. FIQIX - Volatility Comparison
The current volatility for Virtus KAR International Small-Mid Cap Fund Class A (VISAX) is 3.74%, while Fidelity Advisor International Small Cap Fund Class Z (FIQIX) has a volatility of 4.76%. This indicates that VISAX 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
| VISAX | FIQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.76% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 11.98% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 13.72% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 13.80% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 15.20% | +0.20% |
VISAX vs. FIQIX - Expense Ratio Comparison
VISAX has a 1.44% expense ratio, which is higher than FIQIX's 0.89% expense ratio.
Dividends
VISAX vs. FIQIX - Dividend Comparison
VISAX's dividend yield for the trailing twelve months is around 3.19%, less than FIQIX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.47% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
VISAX Virtus KAR International Small-Mid Cap Fund Class A | 3.19% | 3.30% | 1.78% | 0.00% | 0.00% | 8.03% | 0.90% | 1.75% | 1.12% | 1.68% | 2.54% | 3.17% |
Frequently Asked Questions
VISAX 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 (4.76%) compared to VISAX (3.74%). In terms of maximum drawdown, VISAX dropped -50.44% vs FIQIX's -36.61%.
FIQIX currently has the higher Sharpe Ratio (0.92 vs -0.06), 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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