MFS Global New Discovery Fund (GLNIX) belongs to the Global Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GLNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GLNIX
GLNIX charges 1.10% annually. There are 160 mutual funds in the Global Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Global Developed Equity Allocation Fund | 0.01% | — | Jun 2005 | GLNIX vs GWOAX | |
| GMO Global Equity Allocation Fund | 0.01% | — | Nov 1996 | GLNIX vs GMGEX | |
| State Street Global All Cap Equity ex-U.S. Index F... | 0.07% | — | Sep 2014 | GLNIX vs SSGLX | |
| Vanguard Total World Stock Index Fund Admiral Shar... | 0.09% | 95.30B | Feb 2019 | GLNIX vs VTWAX | |
| USAA Cornerstone Equity Fund | 0.09% | — | Jun 2012 | GLNIX vs UCEQX |
Best Risk-Adjusted Alternatives to GLNIX
GLNIX has a PortfoliosLab risk / return rank of 9. There are 221 mutual funds in the Global Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| LSV Global Value Fund | 95 | — | Jun 2014 | GLNIX vs LVAGX | |
| Vanguard Global Capital Cycles Fund | 93 | 3.90B | May 1984 | GLNIX vs VGPMX | |
| MainStay Epoch Global Equity Yield Fund | 93 | — | Dec 2005 | GLNIX vs EPSYX | |
| John Hancock Global Shareholder Yield Fund | 92 | — | Feb 2007 | GLNIX vs JGYIX | |
| GMO Global Equity Allocation Fund | 92 | — | Nov 1996 | GLNIX vs GMGEX |
Top Performing GLNIX Alternatives (YTD)
GLNIX is at 7.56% YTD. There are 168 mutual funds in the Global Equities category with higher YTD returns, going as high as 40.16%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 40.16% | — | Nov 2016 | GLNIX vs PGTIX | |
| Oberweis Global Opportunities Fund | 30.98% | — | Jan 1987 | GLNIX vs OBEGX | |
| AMG Yacktman Global Fund Class N | 26.33% | — | — | GLNIX vs YFSNX | |
| Ariel Global Fund | 24.60% | — | Dec 2011 | GLNIX vs AGLOX | |
| LSV Global Value Fund | 24.32% | — | Jun 2014 | GLNIX vs LVAGX |
Lowest Volatility Alternatives to GLNIX
GLNIX has 13.70% 1-year volatility. There are 115 mutual funds in the Global Equities category with lower 1-year volatility, going as low as 6.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Global Minimum Volatility Fund Investor S... | 6.95% | 2.00B | Dec 2013 | GLNIX vs VMVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 6.97% | 2.00B | Dec 2013 | GLNIX vs VMNVX | |
| SEI Institutional Managed Trust Global Managed Vol... | 7.14% | — | Jul 2006 | GLNIX vs SVTAX | |
| MFS Global Total Return Fund Class I | 7.52% | — | Sep 1990 | GLNIX vs MFWIX | |
| SEI Institutional Investments Trust Global Managed... | 7.67% | — | Jan 2016 | GLNIX vs SGMAX |
Lowest Drawdown Alternatives to GLNIX
GLNIX has a 1-year max drawdown of -10.21%. There are 102 mutual funds in the Global Equities category with shallower 1-year drawdowns, going as shallow as -5.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | -5.21% | — | Jun 2019 | GLNIX vs RTXAX | |
| GQG Partners Global Quality Dividend Income Fund | -5.24% | — | Jun 2021 | GLNIX vs GQFPX | |
| GQG Partners Global Quality Equity Fund | -5.37% | — | Mar 2019 | GLNIX vs GQRPX | |
| GQG Partners Global Quality Equity Fund Institutio... | -5.40% | — | Mar 2019 | GLNIX vs GQRIX | |
| LSV Global Managed Volatility Fund | -5.76% | — | Jun 2014 | GLNIX vs LVAFX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 12 | 3.35% | — | Jan 1996 | GLNIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 45 | 7.97% | — | May 2006 | GLNIX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 40 | 10.12% | — | Sep 2004 | GLNIX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 44 | 7.90% | — | Feb 1996 | GLNIX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 8 | -2.21% | — | Jan 1935 | GLNIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 14 | 5.30% | — | Jun 2012 | GLNIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 14 | 5.26% | — | Jul 1997 | GLNIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 27 | 6.32% | — | — | GLNIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 7.77% | — | Jan 1996 | GLNIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 45 | 8.19% | — | Jul 1924 | GLNIX vs MITTX |
Often Compared With GLNIX
Investors most often compare GLNIX with CAEIX, FMIEX, MDGCX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Calvert Global Energy Solutions Fund | Global Equities | 81 | 18.53% | — | May 2007 | GLNIX vs CAEIX | |
| Wasatch Global Value Fund Investor Class Shares | Global Equities | 91 | 13.72% | — | Sep 1996 | GLNIX vs FMIEX | |
| BlackRock Advantage Global Fund, Inc. | Global Equities | 90 | 18.50% | — | Aug 1994 | GLNIX vs MDGCX | |
| GMO Climate Change Fund | Global Equities | 82 | 21.03% | — | Apr 2017 | GLNIX vs GCCHX | |
| Polaris Global Value Fund | Global Equities | 92 | 20.14% | — | May 1998 | GLNIX vs PGVFX | |
| DWS Global Small Cap Fund | Global Equities | 88 | 21.79% | — | Sep 1991 | GLNIX vs SGSCX | |
| Calamos Global Equity Fund | Global Equities | 46 | 20.69% | — | Feb 2007 | GLNIX vs CIGEX |
Compare GLNIX with Any Fund or Stock
Compare GLNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GLNIX with funds that move differently
MFS Global New Discovery Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GLNIX.
Explore GLNIX Diversifiers