BISMX vs. MIDLX
Compare and contrast key facts about Brandes International Small Cap Equity Fund Class I (BISMX) and MFS International New Discovery Fund Class R6 (MIDLX).
BISMX is an actively managed fund by Brandes. It was launched on Feb 1, 2012. MIDLX is a passively managed fund by MFS that tracks the performance of the MSCI All Country World ex-US Small Mid Cap Index. It was launched on Jun 1, 2012.
Performance
BISMX vs. MIDLX - Performance Comparison
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BISMX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 0.80% | 45.81% | 23.44% | 39.27% | -8.48% | 18.58% | 4.85% | 7.16% | -20.04% | 11.79% |
MIDLX MFS International New Discovery Fund Class R6 | -0.24% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
Returns By Period
In the year-to-date period, BISMX achieves a 0.80% return, which is significantly higher than MIDLX's -0.24% return. Over the past 10 years, BISMX has outperformed MIDLX with an annualized return of 11.16%, while MIDLX has yielded a comparatively lower 6.48% annualized return.
BISMX
- 1D
- 1.73%
- 1M
- -2.83%
- YTD
- 0.80%
- 6M
- 4.16%
- 1Y
- 32.59%
- 3Y*
- 30.53%
- 5Y*
- 19.30%
- 10Y*
- 11.16%
MIDLX
- 1D
- 1.66%
- 1M
- -3.56%
- YTD
- -0.24%
- 6M
- -1.04%
- 1Y
- 13.33%
- 3Y*
- 8.81%
- 5Y*
- 2.88%
- 10Y*
- 6.48%
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BISMX vs. MIDLX - Expense Ratio Comparison
BISMX has a 1.11% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
BISMX vs. MIDLX — Risk / Return Rank
BISMX
MIDLX
BISMX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class I (BISMX) and MFS International New Discovery Fund Class R6 (MIDLX). 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.
| BISMX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 1.09 | +1.33 |
Sortino ratioReturn per unit of downside risk | 3.12 | 1.46 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.21 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.18 | +1.67 |
Martin ratioReturn relative to average drawdown | 11.18 | 4.38 | +6.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BISMX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.09 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | 0.22 | +1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.47 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.29 |
Correlation
The correlation between BISMX and MIDLX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BISMX vs. MIDLX - Dividend Comparison
BISMX's dividend yield for the trailing twelve months is around 3.31%, less than MIDLX's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 3.31% | 3.34% | 3.22% | 2.93% | 4.16% | 3.45% | 0.92% | 0.82% | 4.10% | 8.51% | 4.16% | 3.65% |
MIDLX MFS International New Discovery Fund Class R6 | 3.38% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
BISMX vs. MIDLX - Drawdown Comparison
The maximum BISMX drawdown since its inception was -47.07%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for BISMX and MIDLX.
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Drawdown Indicators
| BISMX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -34.70% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -11.75% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -33.58% | +2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -34.70% | -12.37% |
Current DrawdownCurrent decline from peak | -7.52% | -8.25% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -6.96% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.16% | -0.21% |
Volatility
BISMX vs. MIDLX - Volatility Comparison
Brandes International Small Cap Equity Fund Class I (BISMX) has a higher volatility of 5.77% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.12%. This indicates that BISMX's price experiences larger fluctuations and is considered to be riskier than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BISMX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.12% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 8.63% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 12.34% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 13.10% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 13.94% | +0.25% |