FIASX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class A (FIASX) and MFS International New Discovery Fund Class R6 (MIDLX).
FIASX is managed by Fidelity. It was launched on May 27, 2003. 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
FIASX vs. MIDLX - Performance Comparison
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FIASX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIASX Fidelity Advisor International Small Cap Fund Class A | -0.28% | 24.33% | -0.23% | 19.32% | -16.90% | 13.15% | 9.63% | 21.14% | -16.35% | 31.47% |
MIDLX MFS International New Discovery Fund Class R6 | -1.87% | 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, FIASX achieves a -0.28% return, which is significantly higher than MIDLX's -1.87% return. Over the past 10 years, FIASX has outperformed MIDLX with an annualized return of 7.99%, while MIDLX has yielded a comparatively lower 6.30% annualized return.
FIASX
- 1D
- 2.34%
- 1M
- -6.54%
- YTD
- -0.28%
- 6M
- 1.50%
- 1Y
- 17.73%
- 3Y*
- 10.82%
- 5Y*
- 5.06%
- 10Y*
- 7.99%
MIDLX
- 1D
- 2.26%
- 1M
- -8.27%
- YTD
- -1.87%
- 6M
- -2.69%
- 1Y
- 11.54%
- 3Y*
- 8.22%
- 5Y*
- 2.54%
- 10Y*
- 6.30%
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FIASX vs. MIDLX - Expense Ratio Comparison
FIASX has a 1.29% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
FIASX vs. MIDLX — Risk / Return Rank
FIASX
MIDLX
FIASX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class A (FIASX) 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.
| FIASX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 0.98 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.32 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.92 | +0.65 |
Martin ratioReturn relative to average drawdown | 5.70 | 3.46 | +2.24 |
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
| FIASX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 0.98 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.20 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.45 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.55 | +0.15 |
Correlation
The correlation between FIASX and MIDLX is 0.90, 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
FIASX vs. MIDLX - Dividend Comparison
FIASX's dividend yield for the trailing twelve months is around 3.42%, which matches MIDLX's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIASX Fidelity Advisor International Small Cap Fund Class A | 3.42% | 3.41% | 2.40% | 1.67% | 0.42% | 7.18% | 0.56% | 2.11% | 5.95% | 2.51% | 2.46% | 2.85% |
MIDLX MFS International New Discovery Fund Class R6 | 3.44% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
FIASX vs. MIDLX - Drawdown Comparison
The maximum FIASX drawdown since its inception was -60.99%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FIASX and MIDLX.
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Drawdown Indicators
| FIASX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.99% | -34.70% | -26.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -11.75% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -33.58% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -34.70% | -4.46% |
Current DrawdownCurrent decline from peak | -8.33% | -9.75% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -6.96% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.12% | -0.16% |
Volatility
FIASX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class A (FIASX) has a higher volatility of 6.20% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.67%. This indicates that FIASX'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
| FIASX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 5.67% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 8.48% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 12.28% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 13.09% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 13.93% | +0.01% |