FIQIX vs. RAIIX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class Z (FIQIX) and Manning & Napier Rainier International Discovery Series (RAIIX).
FIQIX is managed by Fidelity. It was launched on Oct 2, 2018. RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012.
Performance
FIQIX vs. RAIIX - Performance Comparison
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FIQIX vs. RAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 0.57% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
RAIIX Manning & Napier Rainier International Discovery Series | 2.40% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -11.44% |
Returns By Period
In the year-to-date period, FIQIX achieves a 0.57% return, which is significantly lower than RAIIX's 2.40% return.
FIQIX
- 1D
- -0.80%
- 1M
- -2.79%
- YTD
- 0.57%
- 6M
- 2.02%
- 1Y
- 20.42%
- 3Y*
- 11.36%
- 5Y*
- 5.63%
- 10Y*
- —
RAIIX
- 1D
- -0.68%
- 1M
- -4.10%
- YTD
- 2.40%
- 6M
- 1.89%
- 1Y
- 29.09%
- 3Y*
- 9.59%
- 5Y*
- 1.59%
- 10Y*
- 8.12%
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FIQIX vs. RAIIX - Expense Ratio Comparison
FIQIX has a 0.89% expense ratio, which is lower than RAIIX's 1.12% expense ratio.
Return for Risk
FIQIX vs. RAIIX — Risk / Return Rank
FIQIX
RAIIX
FIQIX vs. RAIIX - 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 Manning & Napier Rainier International Discovery Series (RAIIX). 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 | RAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.69 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.30 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.30 | -0.52 |
Martin ratioReturn relative to average drawdown | 6.33 | 8.96 | -2.63 |
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 | RAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.69 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.09 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.58 | -0.06 |
Correlation
The correlation between FIQIX and RAIIX is 0.85, 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. RAIIX - Dividend Comparison
FIQIX's dividend yield for the trailing twelve months is around 3.66%, more than RAIIX's 2.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.66% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
RAIIX Manning & Napier Rainier International Discovery Series | 2.76% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
Drawdowns
FIQIX vs. RAIIX - Drawdown Comparison
The maximum FIQIX drawdown since its inception was -36.61%, smaller than the maximum RAIIX drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for FIQIX and RAIIX.
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Drawdown Indicators
| FIQIX | RAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -39.87% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -12.00% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.95% | -39.87% | +8.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.87% | — |
Current DrawdownCurrent decline from peak | -7.60% | -7.93% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -11.22% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.08% | -0.06% |
Volatility
FIQIX vs. RAIIX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class Z (FIQIX) is 5.64%, while Manning & Napier Rainier International Discovery Series (RAIIX) has a volatility of 6.83%. This indicates that FIQIX experiences smaller price fluctuations and is considered to be less risky than RAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQIX | RAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 6.83% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 11.02% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 15.89% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 16.84% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 16.88% | -1.74% |