FOPCX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Opportunities Fund Class C (FOPCX) and MFS International New Discovery Fund Class R6 (MIDLX).
FOPCX is managed by Fidelity. It was launched on Aug 2, 2005. 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
FOPCX vs. MIDLX - Performance Comparison
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FOPCX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOPCX Fidelity Advisor International Small Cap Opportunities Fund Class C | -2.49% | 23.76% | 3.01% | 15.76% | -29.71% | 16.46% | 18.29% | 27.68% | -14.96% | 34.17% |
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, FOPCX achieves a -2.49% return, which is significantly higher than MIDLX's -4.04% return. Over the past 10 years, FOPCX has outperformed MIDLX with an annualized return of 7.23%, while MIDLX has yielded a comparatively lower 6.07% annualized return.
FOPCX
- 1D
- 2.73%
- 1M
- -6.98%
- YTD
- -2.49%
- 6M
- -1.08%
- 1Y
- 17.33%
- 3Y*
- 10.27%
- 5Y*
- 3.12%
- 10Y*
- 7.23%
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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FOPCX vs. MIDLX - Expense Ratio Comparison
FOPCX has a 2.28% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
FOPCX vs. MIDLX — Risk / Return Rank
FOPCX
MIDLX
FOPCX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Opportunities Fund Class C (FOPCX) 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.
| FOPCX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.69 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.71 | 0.95 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 0.64 | +0.84 |
Martin ratioReturn relative to average drawdown | 5.04 | 2.45 | +2.59 |
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
| FOPCX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.69 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.18 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.44 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.54 | -0.23 |
Correlation
The correlation between FOPCX 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
FOPCX vs. MIDLX - Dividend Comparison
FOPCX's dividend yield for the trailing twelve months is around 12.52%, more than MIDLX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPCX Fidelity Advisor International Small Cap Opportunities Fund Class C | 12.52% | 12.21% | 5.97% | 3.05% | 6.93% | 9.29% | 0.00% | 0.00% | 1.89% | 1.31% | 0.00% | 0.37% |
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
FOPCX vs. MIDLX - Drawdown Comparison
The maximum FOPCX drawdown since its inception was -72.97%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FOPCX and MIDLX.
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Drawdown Indicators
| FOPCX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.97% | -34.70% | -38.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -11.75% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -41.41% | -33.58% | -7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -41.41% | -34.70% | -6.71% |
Current DrawdownCurrent decline from peak | -8.62% | -11.75% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -20.52% | -6.96% | -13.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.08% | +0.17% |
Volatility
FOPCX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Opportunities Fund Class C (FOPCX) has a higher volatility of 6.61% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.06%. This indicates that FOPCX'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
| FOPCX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 5.06% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 8.19% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 12.10% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 13.05% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 13.92% | +2.08% |