MIDLX vs. FSCOX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and Fidelity International Small Cap Opportunities Fund (FSCOX).
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. FSCOX is managed by Fidelity. It was launched on Aug 2, 2005.
Performance
MIDLX vs. FSCOX - Performance Comparison
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MIDLX vs. FSCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSCOX Fidelity International Small Cap Opportunities Fund | -4.86% | 25.05% | 4.08% | 16.99% | -28.93% | 17.66% | 19.61% | 29.07% | -14.13% | 34.70% |
Returns By Period
In the year-to-date period, MIDLX achieves a -4.04% return, which is significantly higher than FSCOX's -4.86% return. Over the past 10 years, MIDLX has underperformed FSCOX with an annualized return of 6.07%, while FSCOX has yielded a comparatively higher 8.01% annualized return.
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%
FSCOX
- 1D
- -0.24%
- 1M
- -11.02%
- YTD
- -4.86%
- 6M
- -3.43%
- 1Y
- 16.13%
- 3Y*
- 10.42%
- 5Y*
- 4.00%
- 10Y*
- 8.01%
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MIDLX vs. FSCOX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is lower than FSCOX's 1.23% expense ratio.
Return for Risk
MIDLX vs. FSCOX — Risk / Return Rank
MIDLX
FSCOX
MIDLX vs. FSCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and Fidelity International Small Cap Opportunities Fund (FSCOX). 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.
| MIDLX | FSCOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.97 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.39 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.20 | -0.55 |
Martin ratioReturn relative to average drawdown | 2.45 | 4.16 | -1.70 |
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
| MIDLX | FSCOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.97 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.24 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.50 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.35 | +0.19 |
Correlation
The correlation between MIDLX and FSCOX is 0.91, 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
MIDLX vs. FSCOX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, less than FSCOX's 12.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSCOX Fidelity International Small Cap Opportunities Fund | 12.67% | 12.05% | 6.41% | 3.73% | 6.40% | 8.83% | 0.00% | 1.09% | 2.99% | 1.31% | 1.43% | 0.47% |
Drawdowns
MIDLX vs. FSCOX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum FSCOX drawdown of -72.65%. Use the drawdown chart below to compare losses from any high point for MIDLX and FSCOX.
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Drawdown Indicators
| MIDLX | FSCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -72.65% | +37.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -11.02% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -40.75% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -40.75% | +6.05% |
Current DrawdownCurrent decline from peak | -11.75% | -11.02% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -18.65% | +11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.17% | -0.09% |
Volatility
MIDLX vs. FSCOX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while Fidelity International Small Cap Opportunities Fund (FSCOX) has a volatility of 5.92%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than FSCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | FSCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 5.92% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 9.60% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 14.90% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 16.60% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.96% | -2.04% |