MFS International New Discovery Fund Class R6 (MIDLX) belongs to the Foreign Small & Mid Cap Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MIDLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MIDLX
MIDLX charges 0.91% annually. There are 17 mutual funds in the Foreign Small & Mid Cap Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series International Small Cap Fund | 0.03% | — | Dec 2009 | MIDLX vs FSTSX | |
| Fidelity SAI International Small Cap Index Fund | 0.10% | — | Jun 2021 | MIDLX vs FSISX | |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund... | 0.11% | — | Apr 2009 | MIDLX vs VFSNX | |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund... | 0.16% | 14.30B | Feb 2019 | MIDLX vs VFSAX | |
| DFA International Vector Equity Portfolio | 0.36% | — | Aug 2008 | MIDLX vs DFVQX |
Best Risk-Adjusted Alternatives to MIDLX
MIDLX has a PortfoliosLab risk / return rank of 12. There are 64 mutual funds in the Foreign Small & Mid Cap Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hood River International Opportunity Fund | 91 | — | Sep 2021 | MIDLX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 91 | — | Aug 2023 | MIDLX vs HRIIX | |
| Virtus International Small-Cap Fund | 84 | — | Dec 1997 | MIDLX vs ALOIX | |
| Avantis International Small Cap Value Fund Class G | 72 | — | Jan 2021 | MIDLX vs AVANX | |
| Avantis International Small Cap Value Fund Institu... | 71 | — | Dec 2019 | MIDLX vs AVDVX |
Top Performing MIDLX Alternatives (YTD)
MIDLX is at 7.01% YTD. There are 58 mutual funds in the Foreign Small & Mid Cap Equities category with higher YTD returns, going as high as 34.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Hood River International Opportunity Fund | 34.51% | — | Sep 2021 | MIDLX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 34.37% | — | Aug 2023 | MIDLX vs HRIIX | |
| Lazard International Small Cap Equity Portfolio | 24.74% | — | Nov 1993 | MIDLX vs LZISX | |
| Calamos International Small Cap Growth Fund | 23.47% | — | Mar 2022 | MIDLX vs CSGIX | |
| Artisan International Explorer Fund | 19.56% | — | May 2022 | MIDLX vs ARHBX |
Lowest Volatility Alternatives to MIDLX
MIDLX has 12.30% 1-year volatility. There is 1 mutual fund in the Foreign Small & Mid Cap Equities category with lower 1-year volatility, going as low as 11.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AMG Yacktman Special Opportunities Fund | 11.15% | — | Jun 2014 | MIDLX vs YASLX | |
| MFS International New Discovery Fund | 12.33% | — | Oct 1997 | MIDLX vs MWNIX | |
| Harding Loevner International Small Companies Port... | 12.48% | — | Mar 2007 | MIDLX vs HLMSX | |
| Brandes International Small Cap Equity Fund Class ... | 12.71% | — | Feb 2012 | MIDLX vs BISMX | |
| Brandes International Small Cap Equity Fund | 12.72% | — | Jan 2012 | MIDLX vs BISAX |
Lowest Drawdown Alternatives to MIDLX
MIDLX has a 1-year max drawdown of -11.75%. There are 42 mutual funds in the Foreign Small & Mid Cap Equities category with shallower 1-year drawdowns, going as shallow as -9.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Artisan International Explorer Fund | -9.51% | — | May 2022 | MIDLX vs ARHBX | |
| WCM International Small Cap Growth Fund | -9.81% | — | Nov 2015 | MIDLX vs WCMSX | |
| Virtus International Small-Cap Fund | -10.07% | — | Dec 1997 | MIDLX vs ALOIX | |
| Invesco Global Opportunities Fund Class A | -10.08% | — | Oct 1990 | MIDLX vs OPGIX | |
| William Blair International Small Cap Growth Fund | -10.09% | — | Oct 2005 | MIDLX vs WISIX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MEIIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 14 | 4.58% | — | Jan 1996 | MIDLX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 9.49% | — | May 2006 | MIDLX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 41 | 9.42% | — | Feb 1996 | MIDLX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 36 | 9.55% | — | Sep 2004 | MIDLX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -1.61% | — | Jan 1935 | MIDLX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 4.83% | — | Jun 2012 | MIDLX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 4.78% | — | Jul 1997 | MIDLX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 5.42% | — | — | MIDLX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 40 | 9.27% | — | Jan 1996 | MIDLX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 36 | 8.81% | — | Jul 1924 | MIDLX vs MITTX |
Often Compared With MIDLX
Investors most often compare MIDLX with DISMX, FTISX, WAIGX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MIDLX with Any Fund or Stock
Compare MIDLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MIDLX with funds that move differently
MFS International New Discovery Fund Class R6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MIDLX.
Explore MIDLX Diversifiers