RAIIX vs. FSISX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Fidelity SAI International Small Cap Index Fund (FSISX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. FSISX is managed by Fidelity. It was launched on Jun 25, 2021.
Performance
RAIIX vs. FSISX - Performance Comparison
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RAIIX vs. FSISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 4.97% |
FSISX Fidelity SAI International Small Cap Index Fund | -2.21% | 32.61% | 1.74% | 13.23% | -21.18% | -0.40% |
Returns By Period
The year-to-date returns for both stocks are quite close, with RAIIX having a -2.12% return and FSISX slightly lower at -2.21%.
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%
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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RAIIX vs. FSISX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is higher than FSISX's 0.10% expense ratio.
Return for Risk
RAIIX vs. FSISX — Risk / Return Rank
RAIIX
FSISX
RAIIX vs. FSISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) 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.
| RAIIX | FSISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.51 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.98 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.83 | -0.17 |
Martin ratioReturn relative to average drawdown | 6.76 | 7.00 | -0.24 |
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 | FSISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.51 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
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 | 0.21 | +0.35 |
Correlation
The correlation between RAIIX and FSISX is 0.89, 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. FSISX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than FSISX'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% |
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
RAIIX vs. FSISX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, which is greater than FSISX's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for RAIIX and FSISX.
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Drawdown Indicators
| RAIIX | FSISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -36.84% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -11.73% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | — | — |
Current DrawdownCurrent decline from peak | -12.00% | -11.73% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -13.50% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.07% | -0.12% |
Volatility
RAIIX vs. FSISX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) and Fidelity SAI International Small Cap Index Fund (FSISX) have volatilities of 6.04% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | FSISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.88% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 9.83% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 15.08% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 15.84% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 15.84% | +1.01% |