FTISX vs. RAIIX
Compare and contrast key facts about Fidelity Advisor International Small Cap Fund Class M (FTISX) and Manning & Napier Rainier International Discovery Series (RAIIX).
FTISX is managed by Fidelity. It was launched on May 27, 2003. RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012.
Performance
FTISX vs. RAIIX - Performance Comparison
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FTISX vs. RAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTISX Fidelity Advisor International Small Cap Fund Class M | -0.34% | 24.03% | -0.46% | 18.97% | -17.12% | 12.83% | 9.29% | 20.77% | -16.57% | 31.41% |
RAIIX Manning & Napier Rainier International Discovery Series | 0.78% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
Returns By Period
In the year-to-date period, FTISX achieves a -0.34% return, which is significantly lower than RAIIX's 0.78% return. Both investments have delivered pretty close results over the past 10 years, with FTISX having a 7.72% annualized return and RAIIX not far ahead at 7.92%.
FTISX
- 1D
- 2.35%
- 1M
- -6.53%
- YTD
- -0.34%
- 6M
- 1.39%
- 1Y
- 17.46%
- 3Y*
- 10.55%
- 5Y*
- 4.79%
- 10Y*
- 7.72%
RAIIX
- 1D
- 2.96%
- 1M
- -8.84%
- YTD
- 0.78%
- 6M
- 0.44%
- 1Y
- 25.58%
- 3Y*
- 9.07%
- 5Y*
- 1.26%
- 10Y*
- 7.92%
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FTISX vs. RAIIX - Expense Ratio Comparison
FTISX has a 1.57% expense ratio, which is higher than RAIIX's 1.12% expense ratio.
Return for Risk
FTISX vs. RAIIX — Risk / Return Rank
FTISX
RAIIX
FTISX vs. RAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Small Cap Fund Class M (FTISX) and Manning & Napier Rainier International Discovery Series (RAIIX). 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.
| FTISX | RAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.68 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.27 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.11 | -0.56 |
Martin ratioReturn relative to average drawdown | 5.59 | 8.42 | -2.83 |
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
| FTISX | RAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.68 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.08 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.47 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.58 | +0.11 |
Correlation
The correlation between FTISX and RAIIX is 0.84, 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
FTISX vs. RAIIX - Dividend Comparison
FTISX's dividend yield for the trailing twelve months is around 3.28%, more than RAIIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTISX Fidelity Advisor International Small Cap Fund Class M | 3.28% | 3.26% | 2.24% | 1.40% | 0.13% | 6.94% | 0.34% | 1.81% | 5.50% | 2.52% | 2.08% | 2.86% |
RAIIX Manning & Napier Rainier International Discovery Series | 2.80% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
Drawdowns
FTISX vs. RAIIX - Drawdown Comparison
The maximum FTISX drawdown since its inception was -61.12%, which is greater than RAIIX's maximum drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for FTISX and RAIIX.
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Drawdown Indicators
| FTISX | RAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -39.87% | -21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -12.00% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -39.87% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.55% | -39.87% | +0.32% |
Current DrawdownCurrent decline from peak | -8.33% | -9.39% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -11.23% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.00% | -0.03% |
Volatility
FTISX vs. RAIIX - Volatility Comparison
The current volatility for Fidelity Advisor International Small Cap Fund Class M (FTISX) is 6.16%, while Manning & Napier Rainier International Discovery Series (RAIIX) has a volatility of 6.99%. This indicates that FTISX experiences smaller price fluctuations and is considered to be less risky than RAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTISX | RAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 6.99% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 10.80% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 15.74% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 16.83% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 16.87% | -2.93% |