FMIFX vs. FXAIX
Compare and contrast key facts about FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) and Fidelity 500 Index Fund (FXAIX).
FMIFX is managed by Fidelity. It was launched on Dec 31, 2019. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FMIFX vs. FXAIX - Performance Comparison
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FMIFX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FMIFX FMI International Fund II - Currency Unhedged Institutional Class | -7.75% | 13.92% | 2.22% | 21.74% | -17.35% | 9.20% | 3.94% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% |
Returns By Period
In the year-to-date period, FMIFX achieves a -7.75% return, which is significantly lower than FXAIX's -4.34% return.
FMIFX
- 1D
- 0.10%
- 1M
- -13.11%
- YTD
- -7.75%
- 6M
- -6.84%
- 1Y
- 4.00%
- 3Y*
- 5.78%
- 5Y*
- 2.38%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FMIFX vs. FXAIX - Expense Ratio Comparison
FMIFX has a 0.90% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FMIFX vs. FXAIX — Risk / Return Rank
FMIFX
FXAIX
FMIFX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) and Fidelity 500 Index Fund (FXAIX). 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.
| FMIFX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.97 | -0.81 |
Sortino ratioReturn per unit of downside risk | 0.37 | 1.49 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.52 | -1.38 |
Martin ratioReturn relative to average drawdown | 0.56 | 7.30 | -6.73 |
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
| FMIFX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.97 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.70 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.76 | -0.58 |
Correlation
The correlation between FMIFX and FXAIX is 0.74, 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
FMIFX vs. FXAIX - Dividend Comparison
FMIFX's dividend yield for the trailing twelve months is around 6.56%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIFX FMI International Fund II - Currency Unhedged Institutional Class | 6.56% | 6.05% | 2.30% | 1.51% | 1.41% | 4.41% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FMIFX vs. FXAIX - Drawdown Comparison
The maximum FMIFX drawdown since its inception was -39.39%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMIFX and FXAIX.
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Drawdown Indicators
| FMIFX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.39% | -33.79% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -12.13% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.90% | -24.50% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -13.97% | -6.23% | -7.74% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -3.83% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.53% | +1.33% |
Volatility
FMIFX vs. FXAIX - Volatility Comparison
FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) has a higher volatility of 6.64% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. This indicates that FMIFX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIFX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 5.34% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 9.53% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 18.32% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 16.92% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 18.05% | +0.58% |