HLMSX vs. FOPIX
Compare and contrast key facts about Harding Loevner International Small Companies Portfolio (HLMSX) and Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX).
HLMSX is managed by Harding Loevner. It was launched on Mar 25, 2007. FOPIX is managed by Fidelity. It was launched on Aug 2, 2005.
Performance
HLMSX vs. FOPIX - Performance Comparison
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HLMSX vs. FOPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLMSX Harding Loevner International Small Companies Portfolio | -5.34% | 14.87% | -6.92% | 11.78% | -24.50% | 12.82% | 18.51% | 29.45% | -17.65% | 34.42% |
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | -4.85% | 25.00% | 4.06% | 16.88% | -28.91% | 17.64% | 19.57% | 29.11% | -14.14% | 34.68% |
Returns By Period
In the year-to-date period, HLMSX achieves a -5.34% return, which is significantly lower than FOPIX's -4.85% return. Over the past 10 years, HLMSX has underperformed FOPIX with an annualized return of 5.17%, while FOPIX has yielded a comparatively higher 7.98% annualized return.
HLMSX
- 1D
- 0.06%
- 1M
- -9.34%
- YTD
- -5.34%
- 6M
- -7.18%
- 1Y
- 6.59%
- 3Y*
- 2.84%
- 5Y*
- -0.58%
- 10Y*
- 5.17%
FOPIX
- 1D
- -0.19%
- 1M
- -11.00%
- YTD
- -4.85%
- 6M
- -3.45%
- 1Y
- 16.08%
- 3Y*
- 10.36%
- 5Y*
- 3.98%
- 10Y*
- 7.98%
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HLMSX vs. FOPIX - Expense Ratio Comparison
HLMSX has a 1.37% expense ratio, which is higher than FOPIX's 1.24% expense ratio.
Return for Risk
HLMSX vs. FOPIX — Risk / Return Rank
HLMSX
FOPIX
HLMSX vs. FOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner International Small Companies Portfolio (HLMSX) and Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX). 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.
| HLMSX | FOPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.98 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.39 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.20 | -0.79 |
Martin ratioReturn relative to average drawdown | 1.03 | 4.16 | -3.13 |
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
| HLMSX | FOPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.98 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.24 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.50 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.35 | -0.02 |
Correlation
The correlation between HLMSX and FOPIX is 0.87, 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
HLMSX vs. FOPIX - Dividend Comparison
HLMSX's dividend yield for the trailing twelve months is around 4.27%, less than FOPIX's 12.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMSX Harding Loevner International Small Companies Portfolio | 4.27% | 4.04% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.56% | 1.13% | 4.37% | 1.54% |
FOPIX Fidelity Advisor International Small Cap Opportunities Fund Class I | 12.22% | 11.62% | 6.34% | 3.73% | 6.43% | 8.85% | 0.00% | 1.04% | 2.95% | 1.31% | 1.49% | 0.47% |
Drawdowns
HLMSX vs. FOPIX - Drawdown Comparison
The maximum HLMSX drawdown since its inception was -60.77%, smaller than the maximum FOPIX drawdown of -72.69%. Use the drawdown chart below to compare losses from any high point for HLMSX and FOPIX.
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Drawdown Indicators
| HLMSX | FOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -72.69% | +11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -11.00% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -38.22% | -40.75% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -38.22% | -40.75% | +2.53% |
Current DrawdownCurrent decline from peak | -19.20% | -11.00% | -8.20% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -18.61% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 3.17% | +1.01% |
Volatility
HLMSX vs. FOPIX - Volatility Comparison
The current volatility for Harding Loevner International Small Companies Portfolio (HLMSX) is 5.07%, while Fidelity Advisor International Small Cap Opportunities Fund Class I (FOPIX) has a volatility of 5.93%. This indicates that HLMSX experiences smaller price fluctuations and is considered to be less risky than FOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLMSX | FOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 5.93% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 9.58% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 14.84% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 16.60% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 15.98% | -1.12% |