MIDLX vs. FSISX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and Fidelity SAI International Small Cap Index Fund (FSISX).
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. FSISX is managed by Fidelity. It was launched on Jun 25, 2021.
Performance
MIDLX vs. FSISX - Performance Comparison
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MIDLX vs. FSISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | -4.04% | 17.03% | 3.33% | 13.21% | -18.52% | 0.38% |
FSISX Fidelity SAI International Small Cap Index Fund | -2.21% | 32.61% | 1.74% | 13.23% | -21.18% | -0.40% |
Returns By Period
In the year-to-date period, MIDLX achieves a -4.04% return, which is significantly lower than FSISX's -2.21% 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%
FSISX
- 1D
- -0.20%
- 1M
- -11.73%
- YTD
- -2.21%
- 6M
- 0.79%
- 1Y
- 24.32%
- 3Y*
- 12.40%
- 5Y*
- —
- 10Y*
- —
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MIDLX vs. FSISX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is higher than FSISX's 0.10% expense ratio.
Return for Risk
MIDLX vs. FSISX — Risk / Return Rank
MIDLX
FSISX
MIDLX vs. FSISX - 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 SAI International Small Cap Index Fund (FSISX). 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 | FSISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.51 | -0.82 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.98 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.83 | -1.18 |
Martin ratioReturn relative to average drawdown | 2.45 | 7.00 | -4.54 |
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 | FSISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.51 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.21 | +0.32 |
Correlation
The correlation between MIDLX and FSISX is 0.94, 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. FSISX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, less than FSISX's 3.78% 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% |
FSISX Fidelity SAI International Small Cap Index Fund | 3.78% | 3.70% | 3.33% | 3.13% | 3.02% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIDLX vs. FSISX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum FSISX drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for MIDLX and FSISX.
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Drawdown Indicators
| MIDLX | FSISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -36.84% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -11.73% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -11.75% | -11.73% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -13.50% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.07% | +0.01% |
Volatility
MIDLX vs. FSISX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while Fidelity SAI International Small Cap Index Fund (FSISX) has a volatility of 5.88%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than FSISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | FSISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 5.88% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 9.83% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 15.08% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 15.84% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.84% | -1.92% |