FMIYX vs. FSKLX

Last updated Apr 1, 2026

Compare and contrast key facts about FMI International Fund Class I (FMIYX) and Fidelity SAI International Low Volatility Index Fund (FSKLX).

FMIYX is a passively managed fund by FMI Funds that tracks the performance of the MSCI EAFE Net (USD). It was launched on Dec 31, 2010. FSKLX is managed by Fidelity. It was launched on May 29, 2015.

Performance

FMIYX vs. FSKLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMI International Fund Class I (FMIYX) and Fidelity SAI International Low Volatility Index Fund (FSKLX). The values are adjusted to include any dividend payments, if applicable.

FMIYX vs. FSKLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMIYX FMI International Fund Class I	-5.71%	8.73%	7.17%	21.96%	-9.78%	13.95%	0.19%	17.27%	-9.40%	15.59%
FSKLX Fidelity SAI International Low Volatility Index Fund	3.34%	21.95%	1.20%	13.84%	-13.48%	9.91%	-1.57%	16.12%	-4.88%	21.40%

Returns By Period

In the year-to-date period, FMIYX achieves a -5.71% return, which is significantly lower than FSKLX's 3.34% return.

FMIYX

• 1D: 0.49%
• 1M: -11.20%
• YTD: -5.71%
• 6M: -4.20%
• 1Y: 3.69%
• 3Y*: 6.70%
• 5Y*: 5.16%
• 10Y*: —

FSKLX

• 1D: 0.68%
• 1M: -7.31%
• YTD: 3.34%
• 6M: 6.64%
• 1Y: 16.96%
• 3Y*: 11.27%
• 5Y*: 6.37%
• 10Y*: 6.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMIYX vs. FSKLX - Expense Ratio Comparison

FMIYX has a 0.80% expense ratio, which is higher than FSKLX's 0.17% expense ratio.

FMIYX

FMI International Fund Class I

FSKLX

Fidelity SAI International Low Volatility Index Fund

Return for Risk

FMIYX vs. FSKLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMIYX

FMIYX Risk / Return Rank: 8
FMIYX Sharpe Ratio Rank: 8
FMIYX Sortino Ratio Rank: 8
FMIYX Omega Ratio Rank: 8
FMIYX Calmar Ratio Rank: 9
FMIYX Martin Ratio Rank: 9

FSKLX

FSKLX Risk / Return Rank: 75
FSKLX Sharpe Ratio Rank: 75
FSKLX Sortino Ratio Rank: 74
FSKLX Omega Ratio Rank: 68
FSKLX Calmar Ratio Rank: 82
FSKLX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMIYX vs. FSKLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMI International Fund Class I (FMIYX) and Fidelity SAI International Low Volatility Index Fund (FSKLX). 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.

	FMIYX	FSKLX	Difference
Sharpe ratio Return per unit of total volatility	0.17	1.33	-1.17
Sortino ratio Return per unit of downside risk	0.36	1.83	-1.46
Omega ratio Gain probability vs. loss probability	1.05	1.25	-0.21
Calmar ratio Return relative to maximum drawdown	0.14	1.99	-1.85
Martin ratio Return relative to average drawdown	0.54	7.06	-6.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMIYX vs. FSKLX - Sharpe Ratio Comparison

The current FMIYX Sharpe Ratio is 0.17, which is lower than the FSKLX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of FMIYX and FSKLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMIYX	FSKLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.33	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.56	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.46	-0.04

Correlation

The correlation between FMIYX and FSKLX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FMIYX vs. FSKLX - Dividend Comparison

FMIYX's dividend yield for the trailing twelve months is around 13.99%, more than FSKLX's 2.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIYX FMI International Fund Class I	13.99%	13.19%	0.00%	0.00%	15.31%	3.57%	0.00%	3.66%	7.65%	1.65%	3.78%	0.00%
FSKLX Fidelity SAI International Low Volatility Index Fund	2.51%	2.59%	2.09%	2.31%	2.01%	2.42%	1.32%	6.06%	2.64%	1.69%	2.85%	1.10%

Drawdowns

FMIYX vs. FSKLX - Drawdown Comparison

The maximum FMIYX drawdown since its inception was -37.43%, which is greater than FSKLX's maximum drawdown of -27.26%. Use the drawdown chart below to compare losses from any high point for FMIYX and FSKLX.

Drawdown Indicators

	FMIYX	FSKLX	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	-27.26%	-10.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-8.64%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-24.99%	+3.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.26%	—
Current Drawdown Current decline from peak	-11.58%	-7.31%	-4.27%
Average Drawdown Average peak-to-trough decline	-4.71%	-5.14%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	2.43%	+1.08%

Volatility

FMIYX vs. FSKLX - Volatility Comparison

FMI International Fund Class I (FMIYX) has a higher volatility of 5.77% compared to Fidelity SAI International Low Volatility Index Fund (FSKLX) at 4.41%. This indicates that FMIYX's price experiences larger fluctuations and is considered to be riskier than FSKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIYX	FSKLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	4.41%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	7.41%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.10%	12.28%	+4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.38%	11.44%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	11.89%	+3.02%