RAIIX vs. FIQIX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. FIQIX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
RAIIX vs. FIQIX - Performance Comparison
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RAIIX vs. FIQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -11.44% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | -2.49% | 24.80% | 0.14% | 19.76% | -16.53% | 13.56% | 10.12% | 21.61% | -7.47% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly higher than FIQIX's -2.49% return.
RAIIX
- 1D
- -0.75%
- 1M
- -12.00%
- YTD
- -2.12%
- 6M
- -2.81%
- 1Y
- 22.60%
- 3Y*
- 8.01%
- 5Y*
- 1.06%
- 10Y*
- 7.61%
FIQIX
- 1D
- -0.30%
- 1M
- -10.40%
- YTD
- -2.49%
- 6M
- -0.76%
- 1Y
- 15.97%
- 3Y*
- 10.38%
- 5Y*
- 5.19%
- 10Y*
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RAIIX vs. FIQIX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is higher than FIQIX's 0.89% expense ratio.
Return for Risk
RAIIX vs. FIQIX — Risk / Return Rank
RAIIX
FIQIX
RAIIX vs. FIQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Fidelity Advisor International Small Cap Fund Class Z (FIQIX). 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.
| RAIIX | FIQIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.11 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.47 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.28 | +0.39 |
Martin ratioReturn relative to average drawdown | 6.76 | 4.66 | +2.10 |
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
| RAIIX | FIQIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.11 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.39 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.06 |
Correlation
The correlation between RAIIX and FIQIX 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
RAIIX vs. FIQIX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than FIQIX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.89% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
FIQIX Fidelity Advisor International Small Cap Fund Class Z | 3.78% | 3.68% | 2.73% | 1.99% | 0.83% | 7.39% | 0.93% | 2.47% | 6.33% | 0.00% | 0.00% | 0.00% |
Drawdowns
RAIIX vs. FIQIX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, which is greater than FIQIX's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for RAIIX and FIQIX.
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Drawdown Indicators
| RAIIX | FIQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -36.61% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.72% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -30.95% | -8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | — | — |
Current DrawdownCurrent decline from peak | -12.00% | -10.40% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -6.88% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.93% | +0.02% |
Volatility
RAIIX vs. FIQIX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) has a higher volatility of 6.04% compared to Fidelity Advisor International Small Cap Fund Class Z (FIQIX) at 5.72%. This indicates that RAIIX's price experiences larger fluctuations and is considered to be riskier than FIQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | FIQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.72% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 8.69% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 13.29% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 13.36% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 15.11% | +1.74% |