RAIIX vs. FTISX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Fidelity Advisor International Small Cap Fund Class M (FTISX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. FTISX is managed by Fidelity. It was launched on May 27, 2003.
Performance
RAIIX vs. FTISX - Performance Comparison
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RAIIX vs. FTISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
FTISX Fidelity Advisor International Small Cap Fund Class M | -2.63% | 24.03% | -0.46% | 18.97% | -17.12% | 12.83% | 9.29% | 20.77% | -16.57% | 31.41% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly higher than FTISX's -2.63% return. Both investments have delivered pretty close results over the past 10 years, with RAIIX having a 7.61% annualized return and FTISX not far behind at 7.47%.
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%
FTISX
- 1D
- -0.31%
- 1M
- -10.44%
- YTD
- -2.63%
- 6M
- -1.07%
- 1Y
- 15.28%
- 3Y*
- 9.69%
- 5Y*
- 4.52%
- 10Y*
- 7.47%
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RAIIX vs. FTISX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than FTISX's 1.57% expense ratio.
Return for Risk
RAIIX vs. FTISX — Risk / Return Rank
RAIIX
FTISX
RAIIX vs. FTISX - 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 M (FTISX). 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 | FTISX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.05 | +0.35 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.41 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.21 | +0.45 |
Martin ratioReturn relative to average drawdown | 6.76 | 4.40 | +2.36 |
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 | FTISX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.05 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.34 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.54 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.68 | -0.11 |
Correlation
The correlation between RAIIX and FTISX is 0.84, 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. FTISX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than FTISX's 3.35% 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% |
FTISX Fidelity Advisor International Small Cap Fund Class M | 3.35% | 3.26% | 2.24% | 1.40% | 0.13% | 6.94% | 0.34% | 1.81% | 5.50% | 2.52% | 2.08% | 2.86% |
Drawdowns
RAIIX vs. FTISX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum FTISX drawdown of -61.12%. Use the drawdown chart below to compare losses from any high point for RAIIX and FTISX.
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Drawdown Indicators
| RAIIX | FTISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -61.12% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.75% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -31.45% | -8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -39.55% | -0.32% |
Current DrawdownCurrent decline from peak | -12.00% | -10.44% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -11.05% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.95% | 0.00% |
Volatility
RAIIX vs. FTISX - 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 M (FTISX) at 5.70%. This indicates that RAIIX's price experiences larger fluctuations and is considered to be riskier than FTISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | FTISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.70% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 8.67% | +1.74% |
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% | 13.92% | +2.93% |