FIXIX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class I (FIXIX) and MFS International New Discovery Fund Class R6 (MIDLX).
FIXIX 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
FIXIX vs. MIDLX - Performance Comparison
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FIXIX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIXIX Fidelity Advisor International Small Cap Fund Class I | -2.51% | 24.65% | 0.02% | 19.63% | -16.66% | 13.44% | 9.97% | 21.45% | -16.09% | 31.49% |
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, FIXIX achieves a -2.51% return, which is significantly higher than MIDLX's -4.04% return. Over the past 10 years, FIXIX has outperformed MIDLX with an annualized return of 8.01%, while MIDLX has yielded a comparatively lower 6.07% annualized return.
FIXIX
- 1D
- -0.30%
- 1M
- -10.41%
- YTD
- -2.51%
- 6M
- -0.82%
- 1Y
- 15.85%
- 3Y*
- 10.25%
- 5Y*
- 5.07%
- 10Y*
- 8.01%
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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FIXIX vs. MIDLX - Expense Ratio Comparison
FIXIX has a 1.02% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
FIXIX vs. MIDLX — Risk / Return Rank
FIXIX
MIDLX
FIXIX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class I (FIXIX) 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.
| FIXIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.69 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.46 | 0.95 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.64 | +0.62 |
Martin ratioReturn relative to average drawdown | 4.62 | 2.45 | +2.17 |
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
| FIXIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.69 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.18 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.44 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.54 | +0.17 |
Correlation
The correlation between FIXIX 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
FIXIX vs. MIDLX - Dividend Comparison
FIXIX's dividend yield for the trailing twelve months is around 3.63%, more than MIDLX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXIX Fidelity Advisor International Small Cap Fund Class I | 3.63% | 3.54% | 2.59% | 1.88% | 0.68% | 7.25% | 0.81% | 2.32% | 6.13% | 2.45% | 2.81% | 2.78% |
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
FIXIX vs. MIDLX - Drawdown Comparison
The maximum FIXIX drawdown since its inception was -60.85%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FIXIX and MIDLX.
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Drawdown Indicators
| FIXIX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.85% | -34.70% | -26.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -11.75% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.05% | -33.58% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -34.70% | -4.12% |
Current DrawdownCurrent decline from peak | -10.41% | -11.75% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -6.96% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.08% | -0.14% |
Volatility
FIXIX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Fund Class I (FIXIX) has a higher volatility of 5.71% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.06%. This indicates that FIXIX'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
| FIXIX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.06% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 8.19% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 12.10% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 13.05% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 13.92% | +0.01% |