- ISIN
- US55276T4040
- Issuer
- MFS
- Inception Date
- Dec 19, 2007
- Category
- Macro Trading
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
DVRIX Performance Chart
MFS Global Alternative Strategy Fund (DVRIX) is up 1.1% since the beginning of the year. DVRIX is currently trading at $14 per share. Investors who bought $1,000 worth of DVRIX shares 5 years ago would now be looking at an investment worth $1,294.
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Returns By Period
MFS Global Alternative Strategy Fund (DVRIX) has returned 1.12% so far this year and 4.94% over the past 12 months. Over the last ten years, DVRIX has returned 5.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MFS Global Alternative Strategy Fund
- 1D
- 0.21%
- 1M
- 0.56%
- YTD
- 1.12%
- 6M
- 1.19%
- 1Y
- 4.94%
- 3Y*
- 8.73%
- 5Y*
- 5.29%
- 10Y*
- 5.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DVRIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2007, DVRIX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +10.2%, while the worst month was Oct 2008 at -7.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DVRIX closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +8.1%, while the worst single day was Dec 1, 2008 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.26% | 1.18% | -2.05% | 0.91% | -0.62% | 0.49% | 1.12% | ||||||
| 2025 | 2.31% | 1.95% | 0.15% | 0.52% | 1.76% | 1.01% | 0.14% | 0.71% | 0.99% | -0.42% | 0.77% | 0.52% | 10.87% |
| 2024 | 2.40% | 1.54% | 1.83% | -0.08% | 1.88% | -0.08% | 0.08% | 1.08% | 0.84% | -1.06% | 0.92% | -0.04% | 9.66% |
| 2023 | 2.15% | -0.53% | 1.32% | 1.30% | -0.86% | 1.13% | 0.86% | 0.08% | -0.85% | -0.17% | 3.86% | 0.66% | 9.22% |
| 2022 | -1.27% | -2.31% | -0.70% | -1.23% | 0.36% | -2.22% | 1.64% | -0.54% | -3.24% | 1.86% | 3.65% | -1.00% | -5.10% |
| 2021 | -0.96% | -0.97% | 1.24% | 1.58% | 0.78% | 0.60% | 0.94% | 0.84% | -1.67% | 1.28% | -1.18% | 1.20% | 3.67% |
Benchmark Metrics
MFS Global Alternative Strategy Fund has an annualized alpha of 0.55%, beta of 0.31, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since December 19, 2007.
- This fund participated in 32.40% of S&P 500 Index downside but only 27.60% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.31 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.55%
- Beta
- 0.31
- R²
- 0.53
- Upside Capture
- 27.60%
- Downside Capture
- 32.40%
Expense Ratio
DVRIX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DVRIX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS Global Alternative Strategy Fund (DVRIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DVRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.78 | -1.27 |
| Martin ratioReturn relative to average drawdown | 4.79 | 12.44 | -7.65 |
Dividends
Dividend History
MFS Global Alternative Strategy Fund provided a 1.13% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.21 | $0.14 | $0.07 | $0.07 | $0.07 | $0.13 | $0.11 | $0.22 | $0.28 | $0.12 |
Dividend yield | 1.13% | 1.15% | 1.65% | 1.15% | 0.60% | 0.60% | 0.64% | 1.14% | 1.11% | 2.17% | 2.87% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Global Alternative Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Global Alternative Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Global Alternative Strategy Fund was 36.61%, occurring on Mar 9, 2009. Recovery took 774 trading sessions.
The current MFS Global Alternative Strategy Fund drawdown is 1.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -36.61%Mar 2009 | 9mo 23d | 3y 25d | 3y 10moMay 2008 - Apr 2012 |
COVID crash2020 | -12.80%Mar 2020 | 1mo 2d | 4mo 29d | 6mo 1dFeb 2020 - Aug 2020 |
2016 correction2016 | -10.71%Dec 2016 | 1y 7mo | 2y 2mo | 3y 10moApr 2015 - Feb 2019 |
Bear market2022 | -9.88%Sep 2022 | 1y 26d | 1y 1mo | 2y 2moSep 2021 - Nov 2023 |
2013 pullback2013 | -5.88%Jun 2013 | 1mo 5d | 6mo 5d | 7mo 10dMay 2013 - Dec 2013 |
Drawdown Indicators
| DVRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -56.78% | +20.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -9.10% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | -18.90% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -9.88% | -25.43% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -12.80% | -33.92% | +21.12% |
Current DrawdownCurrent decline from peak | -1.30% | -1.80% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -10.71% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.03% | -1.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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