FIIAX vs. FIIIX
FIIAX (Fidelity Advisor Mid Cap II Fund Class A) and FIIIX (Fidelity Advisor International Growth Fund Class I) are both mutual funds - FIIAX is a Mid Cap Blend Equities fund managed by Fidelity, while FIIIX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, FIIAX returned 11.75%/yr vs 9.15%/yr for FIIIX. Their correlation of 0.80 means they have usually moved in the same direction. Both charge a 1.00% expense ratio.
Performance
FIIAX vs. FIIIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIIAX achieves a 21.45% return, which is significantly higher than FIIIX's 7.46% return. Over the past 10 years, FIIAX has outperformed FIIIX with an annualized return of 11.75%, while FIIIX has yielded a comparatively lower 9.15% annualized return.
FIIAX
- 1D
- 1.77%
- 1M
- -2.83%
- 6M
- 15.66%
- YTD
- 21.45%
- 1Y
- 33.84%
- 3Y*
- 15.98%
- 5Y*
- 10.01%
- 10Y*
- 11.75%
- ALL TIME*
- 10.55%
FIIIX
- 1D
- 3.79%
- 1M
- -2.68%
- 6M
- 2.01%
- YTD
- 7.46%
- 1Y
- 14.64%
- 3Y*
- 11.53%
- 5Y*
- 4.82%
- 10Y*
- 9.15%
- ALL TIME*
- 5.93%
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 |
FIIAX vs. FIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 21.45% | 7.21% | 16.96% | 14.68% | -15.04% | 24.94% | 18.34% | 23.32% | -15.21% | 20.32% |
FIIIX Fidelity Advisor International Growth Fund Class I | 7.46% | 17.90% | 4.86% | 20.87% | -23.21% | 15.45% | 16.95% | 34.01% | -11.52% | 28.79% |
Correlation
The correlation between FIIAX and FIIIX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2007 | 0.80 |
The correlation between FIIAX and FIIIX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
FIIAX vs. FIIIX — Risk / Return Rank
FIIAX
FIIIX
FIIAX vs. FIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) and Fidelity Advisor International Growth Fund Class I (FIIIX). 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.
| FIIAX | FIIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 0.96 | +2.21 |
| Martin ratioReturn relative to average drawdown | 11.53 | 3.28 | +8.25 |
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Drawdowns
FIIAX vs. FIIIX - Drawdown Comparison
The maximum FIIAX drawdown since its inception was -53.35%, roughly equal to the maximum FIIIX drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for FIIAX and FIIIX.
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Drawdown Indicators
| FIIAX | FIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -55.97% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -13.99% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -28.25% | -16.48% | -11.77% |
Max Drawdown (5Y)Largest decline over 5 years | -28.25% | -34.95% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -34.95% | -7.38% |
Current DrawdownCurrent decline from peak | -5.44% | -4.81% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -10.37% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 4.08% | -1.37% |
Volatility
FIIAX vs. FIIIX - Volatility Comparison
The current volatility for Fidelity Advisor Mid Cap II Fund Class A (FIIAX) is 4.59%, while Fidelity Advisor International Growth Fund Class I (FIIIX) has a volatility of 6.80%. This indicates that FIIAX experiences smaller price fluctuations and is considered to be less risky than FIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIIAX | FIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 6.80% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 18.31% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 20.62% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 18.57% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 17.91% | +3.09% |
FIIAX vs. FIIIX - Expense Ratio Comparison
Both FIIAX and FIIIX have an expense ratio of 1.00%.
Dividends
FIIAX vs. FIIIX - Dividend Comparison
FIIAX's dividend yield for the trailing twelve months is around 5.81%, more than FIIIX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIAX Fidelity Advisor Mid Cap II Fund Class A | 5.81% | 6.21% | 6.89% | 2.59% | 5.68% | 18.94% | 1.12% | 3.21% | 10.53% | 7.60% | 8.69% | 4.74% |
FIIIX Fidelity Advisor International Growth Fund Class I | 3.20% | 3.44% | 0.78% | 0.47% | 1.65% | 1.93% | 0.12% | 1.00% | 0.91% | 0.12% | 1.28% | 0.77% |
Frequently Asked Questions
FIIAX and FIIIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIIIX has higher volatility (6.80%) compared to FIIAX (4.59%). In terms of maximum drawdown, FIIAX dropped -53.35% vs FIIIX's -55.97%.
FIIAX currently has the higher Sharpe Ratio (1.72 vs 0.65), 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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