MFS New Discovery Fund (MNDIX)

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MFS New Discovery Fund (MNDIX) is up 10.6% since the beginning of the year. MNDIX is currently trading at $38 per share. Investors who bought $1,000 worth of MNDIX shares 5 years ago would now be looking at an investment worth $1,044.

MFS New Discovery Fund (MNDIX) has returned 10.59% so far this year and 26.71% over the past 12 months. Over the last ten years, MNDIX has returned 11.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Dec 31, 1996, MNDIX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 1999 with a return of +23.1%, while the worst month was Oct 2008 at -25.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 8 months.

On a daily basis, MNDIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -12.3%.

MFS New Discovery Fund has an annualized alpha of 2.33%, beta of 1.04, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.

• This fund captured 126.80% of S&P 500 Index gains and 115.40% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.33% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.04 and R2 of 0.73, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

MNDIX has a high expense ratio of 0.99%, indicating above-average management fees.

MNDIX ranks 27 for risk / return — below 27% 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.

The table below present risk-adjusted performance metrics for MFS New Discovery Fund (MNDIX) and compare them to S&P 500 Index.

MFS New Discovery Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for MFS New Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the MFS New Discovery 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 New Discovery Fund was 62.02%, occurring on Nov 20, 2008. Recovery took 470 trading sessions.

The current MFS New Discovery Fund drawdown is 5.68%.

The chart below shows the rolling one-month volatility.