MFS New Discovery Fund (MNDIX) belongs to the Small Cap Growth Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MNDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MNDIX
MNDIX charges 0.99% annually. There are 57 mutual funds in the Small Cap Growth Equities category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Small Cap Growth Index Fund | 0.05% | — | Jul 2019 | MNDIX vs FECGX | |
| Vanguard Small-Cap Growth Index Fund Institutional... | 0.06% | 45.50B | May 2000 | MNDIX vs VSGIX | |
| Vanguard Small-Cap Growth Index Fund Admiral Share... | 0.07% | 45.50B | Sep 2011 | MNDIX vs VSGAX | |
| Vanguard Russell 2000 Growth Index Fund Institutio... | 0.08% | — | May 2011 | MNDIX vs VRTGX | |
| Vanguard Small Cap Growth Index Fund | 0.19% | — | May 1998 | MNDIX vs VISGX |
Best Risk-Adjusted Alternatives to MNDIX
MNDIX has a PortfoliosLab risk / return rank of 25. There are 117 mutual funds in the Small Cap Growth Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Small Cap Growth Fund Institutional | 90 | — | Dec 2016 | MNDIX vs NESIX | |
| Needham Small Cap Growth Fund | 89 | — | May 2002 | MNDIX vs NESGX | |
| Driehaus Micro Cap Growth Fund | 89 | — | Nov 2013 | MNDIX vs DMCRX | |
| Dana Epiphany ESG Small Cap Equity Fund | 89 | — | Nov 2015 | MNDIX vs DSCIX | |
| Needham Aggressive Growth Fund Institutional Class | 87 | — | Dec 2016 | MNDIX vs NEAIX |
Top Performing MNDIX Alternatives (YTD)
MNDIX is at 13.13% YTD. There are 126 mutual funds in the Small Cap Growth Equities category with higher YTD returns, going as high as 69.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Needham Small Cap Growth Fund Institutional | 69.74% | — | Dec 2016 | MNDIX vs NESIX | |
| Needham Small Cap Growth Fund | 69.18% | — | May 2002 | MNDIX vs NESGX | |
| Needham Aggressive Growth Fund Institutional Class | 49.69% | — | Dec 2016 | MNDIX vs NEAIX | |
| Needham Aggressive Growth Fund | 49.38% | — | Sep 2001 | MNDIX vs NEAGX | |
| Oberweis Micro Cap Fund | 45.29% | — | Dec 1995 | MNDIX vs OBMCX |
Lowest Volatility Alternatives to MNDIX
MNDIX has 20.22% 1-year volatility. There are 60 mutual funds in the Small Cap Growth Equities category with lower 1-year volatility, going as low as 14.66%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Empiric 2500 Fund | 14.66% | — | Nov 1995 | MNDIX vs EMCAX | |
| Calvert Small/Mid-Cap Fund Class I | 15.37% | — | Jul 2011 | MNDIX vs CMCIX | |
| Eaton Vance Small-Cap Fund | 16.30% | — | Jan 1997 | MNDIX vs ETEGX | |
| Neuberger Berman Genesis Fund | 16.36% | — | Sep 1988 | MNDIX vs NBGNX | |
| Eaton Vance Tax-Managed Small-Cap Fund | 16.36% | — | Sep 1997 | MNDIX vs ETMGX |
Lowest Drawdown Alternatives to MNDIX
MNDIX has a 1-year max drawdown of -13.42%. There are 83 mutual funds in the Small Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.08%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dana Epiphany ESG Small Cap Equity Fund | -7.08% | — | Nov 2015 | MNDIX vs DSCIX | |
| Rydex S&P SmallCap 600 Pure Growth Fund | -8.49% | — | Feb 2004 | MNDIX vs RYWCX | |
| WesMark Small Company Fund | -8.50% | — | Dec 1993 | MNDIX vs WMKSX | |
| Empiric 2500 Fund | -8.60% | — | Nov 1995 | MNDIX vs EMCAX | |
| Ranger Micro Cap Fund | -9.11% | — | Jun 2018 | MNDIX vs RFIMX |
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 | MNDIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 9.49% | — | May 2006 | MNDIX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 41 | 9.42% | — | Feb 1996 | MNDIX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 36 | 9.55% | — | Sep 2004 | MNDIX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -1.61% | — | Jan 1935 | MNDIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 4.83% | — | Jun 2012 | MNDIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 4.78% | — | Jul 1997 | MNDIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 5.42% | — | — | MNDIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 40 | 9.27% | — | Jan 1996 | MNDIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 36 | 8.81% | — | Jul 1924 | MNDIX vs MITTX |
Often Compared With MNDIX
Investors most often compare MNDIX with DFSTX, VSTCX, FGROX. These 18 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MNDIX with Any Fund or Stock
Compare MNDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MNDIX with funds that move differently
MFS New Discovery Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNDIX.
Explore MNDIX Diversifiers