FOPIX vs. MIDLX
Compare and contrast key facts about Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) and MFS International New Discovery Fund Class R6 (MIDLX).
FOPIX 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
FOPIX vs. MIDLX - Performance Comparison
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FOPIX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | -2.24% | 25.00% | 4.06% | 16.88% | -28.91% | 17.64% | 19.57% | 29.11% | -14.14% | 34.68% |
MIDLX MFS International New Discovery Fund Class R6 | -1.87% | 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, FOPIX achieves a -2.24% return, which is significantly lower than MIDLX's -1.87% return. Over the past 10 years, FOPIX has outperformed MIDLX with an annualized return of 8.27%, while MIDLX has yielded a comparatively lower 6.30% annualized return.
FOPIX
- 1D
- 2.74%
- 1M
- -6.93%
- YTD
- -2.24%
- 6M
- -0.64%
- 1Y
- 18.49%
- 3Y*
- 11.36%
- 5Y*
- 4.18%
- 10Y*
- 8.27%
MIDLX
- 1D
- 2.26%
- 1M
- -8.27%
- YTD
- -1.87%
- 6M
- -2.69%
- 1Y
- 11.54%
- 3Y*
- 8.22%
- 5Y*
- 2.54%
- 10Y*
- 6.30%
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FOPIX vs. MIDLX - Expense Ratio Comparison
FOPIX has a 1.24% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
FOPIX vs. MIDLX — Risk / Return Rank
FOPIX
MIDLX
FOPIX 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 I (FOPIX) 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.
| FOPIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.98 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.32 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.92 | +0.68 |
Martin ratioReturn relative to average drawdown | 5.50 | 3.46 | +2.04 |
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
| FOPIX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.98 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.20 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.45 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.55 | -0.20 |
Correlation
The correlation between FOPIX 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
FOPIX vs. MIDLX - Dividend Comparison
FOPIX's dividend yield for the trailing twelve months is around 11.89%, more than MIDLX's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 11.89% | 11.62% | 6.34% | 3.73% | 6.43% | 8.85% | 0.00% | 1.04% | 2.95% | 1.31% | 1.49% | 0.47% |
MIDLX MFS International New Discovery Fund Class R6 | 3.44% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
FOPIX vs. MIDLX - Drawdown Comparison
The maximum FOPIX drawdown since its inception was -72.69%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for FOPIX and MIDLX.
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Drawdown Indicators
| FOPIX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.69% | -34.70% | -37.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.75% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -33.58% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -34.70% | -6.05% |
Current DrawdownCurrent decline from peak | -8.56% | -9.75% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -18.61% | -6.96% | -11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.12% | +0.07% |
Volatility
FOPIX vs. MIDLX - Volatility Comparison
Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) has a higher volatility of 6.62% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.67%. This indicates that FOPIX'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
| FOPIX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 5.67% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 8.48% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 12.28% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 13.09% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 13.93% | +2.07% |