FICSX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class C (FICSX) and MFS International New Discovery Fund Class R6 (MIDLX).
FICSX 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
FICSX vs. MIDLX - Performance Comparison
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FICSX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICSX Fidelity Advisor International Small Cap Fund Class C | -2.78% | 23.45% | -1.00% | 18.40% | -17.50% | 12.27% | 8.81% | 20.21% | -16.98% | 30.98% |
MIDLX MFS International New Discovery Fund Class R6 | -4.04% | 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, FICSX achieves a -2.78% return, which is significantly higher than MIDLX's -4.04% return. Over the past 10 years, FICSX has outperformed MIDLX with an annualized return of 6.96%, while MIDLX has yielded a comparatively lower 6.07% annualized return.
FICSX
- 1D
- -0.33%
- 1M
- -10.47%
- YTD
- -2.78%
- 6M
- -1.32%
- 1Y
- 14.68%
- 3Y*
- 9.14%
- 5Y*
- 4.00%
- 10Y*
- 6.96%
MIDLX
- 1D
- -0.25%
- 1M
- -11.75%
- YTD
- -4.04%
- 6M
- -4.78%
- 1Y
- 9.51%
- 3Y*
- 7.41%
- 5Y*
- 2.30%
- 10Y*
- 6.07%
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FICSX vs. MIDLX - Expense Ratio Comparison
FICSX has a 2.05% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
FICSX vs. MIDLX — Risk / Return Rank
FICSX
MIDLX
FICSX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class C (FICSX) 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.
| FICSX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.69 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.35 | 0.95 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.64 | +0.51 |
Martin ratioReturn relative to average drawdown | 4.17 | 2.45 | +1.71 |
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
| FICSX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.69 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.18 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.44 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.54 | +0.11 |
Correlation
The correlation between FICSX 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
FICSX vs. MIDLX - Dividend Comparison
FICSX's dividend yield for the trailing twelve months is around 2.81%, less than MIDLX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICSX Fidelity Advisor International Small Cap Fund Class C | 2.81% | 2.73% | 1.59% | 0.97% | 0.00% | 6.57% | 0.00% | 1.20% | 5.20% | 2.59% | 1.66% | 2.93% |
MIDLX MFS International New Discovery Fund Class R6 | 3.51% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
FICSX vs. MIDLX - Drawdown Comparison
The maximum FICSX drawdown since its inception was -61.39%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FICSX and MIDLX.
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Drawdown Indicators
| FICSX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.39% | -34.70% | -26.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -11.75% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | -33.58% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -34.70% | -5.48% |
Current DrawdownCurrent decline from peak | -10.47% | -11.75% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -6.96% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.08% | -0.11% |
Volatility
FICSX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class C (FICSX) has a higher volatility of 5.70% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.06%. This indicates that FICSX'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
| FICSX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 5.06% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 8.19% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 12.10% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 13.05% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 13.92% | +0.01% |