OSMAX vs. MIDLX
Compare and contrast key facts about Invesco International Small-Mid Company Fund (OSMAX) and MFS International New Discovery Fund Class R6 (MIDLX).
OSMAX is managed by Invesco. It was launched on Nov 16, 1997. 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.
Performance
OSMAX vs. MIDLX - Performance Comparison
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OSMAX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | -4.14% | 16.81% | -6.57% | 12.33% | -31.19% | 13.64% | 24.76% | 19.33% | -9.47% | 37.92% |
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% |
Returns By Period
The year-to-date returns for both investments are quite close, with OSMAX having a -4.14% return and MIDLX slightly higher at -4.04%. Over the past 10 years, OSMAX has underperformed MIDLX with an annualized return of 5.74%, while MIDLX has yielded a comparatively higher 6.07% annualized return.
OSMAX
- 1D
- 2.90%
- 1M
- -6.07%
- YTD
- -4.14%
- 6M
- -4.33%
- 1Y
- 9.10%
- 3Y*
- 2.98%
- 5Y*
- -1.39%
- 10Y*
- 5.74%
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%
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OSMAX vs. MIDLX - Expense Ratio Comparison
OSMAX has a 1.33% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
OSMAX vs. MIDLX — Risk / Return Rank
OSMAX
MIDLX
OSMAX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Small-Mid Company Fund (OSMAX) and MFS International New Discovery Fund Class R6 (MIDLX). 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.
| OSMAX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.69 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.95 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.64 | -0.15 |
Martin ratioReturn relative to average drawdown | 1.69 | 2.45 | -0.77 |
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
| OSMAX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.18 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.44 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.54 | -0.02 |
Correlation
The correlation between OSMAX and MIDLX is 0.90, 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
OSMAX vs. MIDLX - Dividend Comparison
OSMAX's dividend yield for the trailing twelve months is around 21.00%, more than MIDLX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | 21.00% | 20.13% | 10.49% | 2.36% | 0.28% | 10.00% | 8.13% | 0.37% | 10.95% | 2.95% | 0.15% | 0.07% |
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% |
Drawdowns
OSMAX vs. MIDLX - Drawdown Comparison
The maximum OSMAX drawdown since its inception was -78.32%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for OSMAX and MIDLX.
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Drawdown Indicators
| OSMAX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.32% | -34.70% | -43.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -11.75% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -44.11% | -33.58% | -10.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.11% | -34.70% | -9.41% |
Current DrawdownCurrent decline from peak | -22.39% | -11.75% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -6.96% | -12.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.08% | +0.51% |
Volatility
OSMAX vs. MIDLX - Volatility Comparison
Invesco International Small-Mid Company Fund (OSMAX) has a higher volatility of 6.53% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.06%. This indicates that OSMAX's price experiences larger fluctuations and is considered to be riskier than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSMAX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.06% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 8.19% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 12.10% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 13.05% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 13.92% | +3.16% |