MDISX vs. FSPSX
Compare and contrast key facts about Franklin Mutual Global Discovery Fund (MDISX) and Fidelity International Index Fund (FSPSX).
MDISX is managed by Franklin Templeton. It was launched on Dec 30, 1992. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
MDISX vs. FSPSX - Performance Comparison
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MDISX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDISX Franklin Mutual Global Discovery Fund | -4.27% | 23.75% | 6.38% | 20.48% | -4.73% | 19.60% | -4.38% | 24.74% | -10.86% | 7.22% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, MDISX achieves a -4.27% return, which is significantly lower than FSPSX's -1.94% return. Both investments have delivered pretty close results over the past 10 years, with MDISX having a 8.27% annualized return and FSPSX not far ahead at 8.65%.
MDISX
- 1D
- 0.33%
- 1M
- -9.67%
- YTD
- -4.27%
- 6M
- -0.23%
- 1Y
- 9.11%
- 3Y*
- 12.91%
- 5Y*
- 9.45%
- 10Y*
- 8.27%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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MDISX vs. FSPSX - Expense Ratio Comparison
MDISX has a 0.95% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
MDISX vs. FSPSX — Risk / Return Rank
MDISX
FSPSX
MDISX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund (MDISX) and Fidelity International Index Fund (FSPSX). 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.
| MDISX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.11 | -0.52 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.56 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.54 | -0.90 |
Martin ratioReturn relative to average drawdown | 2.48 | 5.93 | -3.45 |
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
| MDISX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.11 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.51 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.53 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.46 | +0.35 |
Correlation
The correlation between MDISX and FSPSX is 0.85, 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
MDISX vs. FSPSX - Dividend Comparison
MDISX's dividend yield for the trailing twelve months is around 11.02%, more than FSPSX's 3.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDISX Franklin Mutual Global Discovery Fund | 11.02% | 10.55% | 12.84% | 7.12% | 10.29% | 8.75% | 3.50% | 7.21% | 7.50% | 2.97% | 4.13% | 7.77% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
MDISX vs. FSPSX - Drawdown Comparison
The maximum MDISX drawdown since its inception was -40.15%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for MDISX and FSPSX.
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Drawdown Indicators
| MDISX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.15% | -33.69% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.39% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -29.41% | +7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.15% | -33.69% | -6.46% |
Current DrawdownCurrent decline from peak | -9.67% | -10.86% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -6.59% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.96% | +0.16% |
Volatility
MDISX vs. FSPSX - Volatility Comparison
The current volatility for Franklin Mutual Global Discovery Fund (MDISX) is 5.22%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that MDISX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDISX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 7.04% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 10.63% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 16.79% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 15.77% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 16.47% | +0.60% |