FIQIX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and MFS International New Discovery Fund Class R6 (MIDLX).
FIQIX is managed by Fidelity. It was launched on Oct 2, 2018. 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
FIQIX vs. MIDLX - Performance Comparison
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FIQIX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | -0.19% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
MIDLX MFS International New Discovery Fund Class R6 | -1.87% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -6.16% |
Returns By Period
In the year-to-date period, FIQIX achieves a -0.19% return, which is significantly higher than MIDLX's -1.87% return.
FIQIX
- 1D
- 2.36%
- 1M
- -6.50%
- YTD
- -0.19%
- 6M
- 1.69%
- 1Y
- 18.18%
- 3Y*
- 11.24%
- 5Y*
- 5.47%
- 10Y*
- —
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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FIQIX vs. MIDLX - Expense Ratio Comparison
FIQIX has a 0.89% expense ratio, which is lower than MIDLX's 0.91% expense ratio.
Return for Risk
FIQIX vs. MIDLX — Risk / Return Rank
FIQIX
MIDLX
FIQIX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) 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.
| FIQIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 0.98 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.32 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.92 | +0.70 |
Martin ratioReturn relative to average drawdown | 5.88 | 3.46 | +2.42 |
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
| FIQIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.98 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.20 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Correlation
The correlation between FIQIX and MIDLX is 0.92, 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
FIQIX vs. MIDLX - Dividend Comparison
FIQIX's dividend yield for the trailing twelve months is around 3.69%, more than MIDLX's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.69% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
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
FIQIX vs. MIDLX - Drawdown Comparison
The maximum FIQIX drawdown since its inception was -36.61%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FIQIX and MIDLX.
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Drawdown Indicators
| FIQIX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -34.70% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -11.75% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -30.95% | -33.58% | +2.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.70% | — |
Current DrawdownCurrent decline from peak | -8.29% | -9.75% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -6.96% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.12% | -0.17% |
Volatility
FIQIX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class Z (FIQIX) has a higher volatility of 6.19% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.67%. This indicates that FIQIX'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
| FIQIX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.67% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.99% | 8.48% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 12.28% | +1.19% |
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 | 15.13% | 13.93% | +1.20% |