WAIOX vs. FSTSX
WAIOX (Wasatch International Opportunities Fund) and FSTSX (Fidelity Series International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, WAIOX returned 3.49%/yr vs 9.96%/yr for FSTSX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. WAIOX charges 1.96%/yr vs 0.03%/yr for FSTSX.
Performance
WAIOX vs. FSTSX - Performance Comparison
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Returns By Period
In the year-to-date period, WAIOX achieves a 5.03% return, which is significantly lower than FSTSX's 6.54% return. Over the past 10 years, WAIOX has underperformed FSTSX with an annualized return of 3.49%, while FSTSX has yielded a comparatively higher 9.96% annualized return.
WAIOX
- 1D
- 1.62%
- 1M
- -3.09%
- 6M
- 4.44%
- YTD
- 5.03%
- 1Y
- -3.01%
- 3Y*
- 3.33%
- 5Y*
- -7.01%
- 10Y*
- 3.49%
- ALL TIME*
- 6.80%
FSTSX
- 1D
- 1.98%
- 1M
- -0.05%
- 6M
- 3.14%
- YTD
- 6.54%
- 1Y
- 11.87%
- 3Y*
- 14.62%
- 5Y*
- 5.38%
- 10Y*
- 9.96%
- ALL TIME*
- 9.53%
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 |
WAIOX vs. FSTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIOX Wasatch International Opportunities Fund | 5.03% | 2.57% | -4.49% | 10.64% | -36.63% | -1.36% | 41.75% | 32.19% | -14.69% | 27.69% |
FSTSX Fidelity Series International Small Cap Fund | 6.54% | 27.49% | 4.97% | 18.36% | -26.25% | 18.29% | 19.61% | 28.24% | -13.19% | 34.44% |
Correlation
The correlation between WAIOX and FSTSX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.77 |
The correlation between WAIOX and FSTSX has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
WAIOX vs. FSTSX — Risk / Return Rank
WAIOX
FSTSX
WAIOX vs. FSTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch International Opportunities Fund (WAIOX) and Fidelity Series International Small Cap Fund (FSTSX). 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.
| WAIOX | FSTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.11 | -1.30 |
| Martin ratioReturn relative to average drawdown | -0.43 | 3.57 | -4.00 |
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Drawdowns
WAIOX vs. FSTSX - Drawdown Comparison
The maximum WAIOX drawdown since its inception was -68.04%, which is greater than FSTSX's maximum drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for WAIOX and FSTSX.
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Drawdown Indicators
| WAIOX | FSTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -38.91% | -29.13% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -11.22% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -12.48% | -8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | -38.91% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -50.21% | -38.91% | -11.30% |
Current DrawdownCurrent decline from peak | -34.76% | -2.16% | -32.60% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -7.85% | -9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 3.49% | +4.22% |
Volatility
WAIOX vs. FSTSX - Volatility Comparison
Wasatch International Opportunities Fund (WAIOX) has a higher volatility of 4.80% compared to Fidelity Series International Small Cap Fund (FSTSX) at 4.12%. This indicates that WAIOX's price experiences larger fluctuations and is considered to be riskier than FSTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAIOX | FSTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.12% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 11.99% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 14.45% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 16.52% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 15.69% | +0.90% |
WAIOX vs. FSTSX - Expense Ratio Comparison
WAIOX has a 1.96% expense ratio, which is higher than FSTSX's 0.03% expense ratio.
Dividends
WAIOX vs. FSTSX - Dividend Comparison
WAIOX's dividend yield for the trailing twelve months is around 65.02%, more than FSTSX's 14.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTSX Fidelity Series International Small Cap Fund | 14.30% | 15.24% | 10.22% | 3.34% | 6.38% | 13.22% | 0.81% | 4.27% | 10.99% | 6.30% | 4.01% | 7.32% |
WAIOX Wasatch International Opportunities Fund | 65.02% | 68.29% | 0.00% | 0.00% | 0.00% | 14.35% | 1.98% | 2.38% | 2.73% | 7.00% | 0.00% | 4.76% |
Frequently Asked Questions
WAIOX and FSTSX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAIOX has higher volatility (4.80%) compared to FSTSX (4.12%). In terms of maximum drawdown, WAIOX dropped -68.04% vs FSTSX's -38.91%.
FSTSX currently has the higher Sharpe Ratio (0.87 vs -0.22), 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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