The use of fluctuating asymmetry (FA) as a measure of developmental instability, and its relationship to stress and fitness, is highly controversial. Here, we present results from a preliminary study comparing levels of asymmetry in various characteristics between two island populations of the Italian Wall Lizard (Podarcis sicula), one of which was recently founded. We relate individual asymmetry to several measures of physiological performance. Levels of FA varied clearly among the traits studied. Repeatability of FA estimates was high for meristic traits but low for metric traits. Levels of FA were on average higher in the newly founded population. We found a significant decrease in exertion (time until exhaustion by continuously chasing) with increasing levels of fluctuating asymmetry (i.e., more symmetric individuals had a higher exertion). Speed of locomotion showed a positive trend with increasing FA. No relationship was found between individual levels of FA and bite force. These results suggest that FA estimates, based on the accurate measurement of several traits, may be useful in explaining differences in developmental stability and physiological performance at the individual and population level.