MNDIX Alternatives & Similar Mutual Funds

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 55 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
FECGX	Fidelity Small Cap Growth Index Fund	0.05%	—	Jul 2019	MNDIX vs FECGX
VSGIX	Vanguard Small-Cap Growth Index Fund Institutional...	0.06%	42.80B	May 2000	MNDIX vs VSGIX
VSGAX	Vanguard Small-Cap Growth Index Fund Admiral Share...	0.07%	42.80B	Sep 2011	MNDIX vs VSGAX
VRTGX	Vanguard Russell 2000 Growth Index Fund Institutio...	0.08%	—	May 2011	MNDIX vs VRTGX
VISGX	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 27. There are 107 mutual funds in the Small Cap Growth Equities category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
NESIX	Needham Small Cap Growth Fund Institutional	95	—	Dec 2016	MNDIX vs NESIX
NESGX	Needham Small Cap Growth Fund	95	—	May 2002	MNDIX vs NESGX
NEAIX	Needham Aggressive Growth Fund Institutional Class	94	—	Dec 2016	MNDIX vs NEAIX
NEAGX	Needham Aggressive Growth Fund	94	—	Sep 2001	MNDIX vs NEAGX
OBMCX	Oberweis Micro Cap Fund	90	—	Dec 1995	MNDIX vs OBMCX

Top Performing MNDIX Alternatives (YTD)

MNDIX is at 11.23% YTD. There are 110 mutual funds in the Small Cap Growth Equities category with higher YTD returns, going as high as 82.25%.

Symbol	Name	YTD Return	AUM	Inception
NESIX	Needham Small Cap Growth Fund Institutional	82.25%	—	Dec 2016	MNDIX vs NESIX
NESGX	Needham Small Cap Growth Fund	81.77%	—	May 2002	MNDIX vs NESGX
NEAIX	Needham Aggressive Growth Fund Institutional Class	59.81%	—	Dec 2016	MNDIX vs NEAIX
NEAGX	Needham Aggressive Growth Fund	59.55%	—	Sep 2001	MNDIX vs NEAGX
OBMCX	Oberweis Micro Cap Fund	45.67%	—	Dec 1995	MNDIX vs OBMCX

Lowest Volatility Alternatives to MNDIX

MNDIX has 19.50% 1-year volatility. There are 64 mutual funds in the Small Cap Growth Equities category with lower 1-year volatility, going as low as 14.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
EMCAX	Empiric 2500 Fund	14.15%	—	Nov 1995	MNDIX vs EMCAX
CMCIX	Calvert Small/Mid-Cap Fund Class I	15.15%	—	Jul 2011	MNDIX vs CMCIX
NBGNX	Neuberger Berman Genesis Fund	16.04%	—	Sep 1988	MNDIX vs NBGNX
NBGIX	Neuberger Berman Genesis Fund Institutional Class	16.04%	—	Jul 1999	MNDIX vs NBGIX
ETEGX	Eaton Vance Small-Cap Fund	16.05%	—	Jan 1997	MNDIX vs ETEGX

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
DSCIX	Dana Epiphany ESG Small Cap Equity Fund	-7.08%	—	Nov 2015	MNDIX vs DSCIX
RYWCX	Rydex S&P SmallCap 600 Pure Growth Fund	-8.49%	—	Feb 2004	MNDIX vs RYWCX
WMKSX	WesMark Small Company Fund	-8.50%	—	Dec 1993	MNDIX vs WMKSX
EMCAX	Empiric 2500 Fund	-8.60%	—	Nov 1995	MNDIX vs EMCAX
RFIMX	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, MDIJX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MIEIX	MFS International Equity Fund Class R6	Foreign Large Cap Equities	9	3.25%	—	Jan 1996	MNDIX vs MIEIX
MEIKX	MFS Value Fund	Large Cap Value Equities	23	4.52%	—	May 2006	MNDIX vs MEIKX
MDIJX	MFS International Diversification Fund	Foreign Large Cap Equities	35	10.27%	—	Sep 2004	MNDIX vs MDIJX
MEIIX	MFS Value Fund Class I	Large Cap Value Equities	23	4.47%	—	Feb 1996	MNDIX vs MEIIX
MIGFX	MFS Massachusetts Investors Growth Stock Fund	Large Cap Growth Equities	9	-0.34%	—	Jan 1935	MNDIX vs MIGFX
MFEKX	MFS Growth R6	Large Cap Growth Equities	14	6.33%	—	Jun 2012	MNDIX vs MFEKX
MFEIX	MFS Growth I	Large Cap Growth Equities	14	6.29%	—	Jul 1997	MNDIX vs MFEIX
MINIX	MFS International Intrinsic Value Fund Class I	Large Cap Growth Equities, Foreign Large Cap Equities	24	7.26%	—	—	MNDIX vs MINIX
MEIAX	MFS Value Fund	Large Cap Value Equities	22	4.37%	—	Jan 1996	MNDIX vs MEIAX
MITTX	MFS Massachusetts Investors Trust	Large Cap Blend Equities	40	8.10%	—	Jul 1924	MNDIX vs MITTX

Often Compared With MNDIX

Investors most often compare MNDIX with DFSTX, VSTCX, JATTX. These 19 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DFSTX	DFA U.S. Small Cap Portfolio	Small Cap Blend Equities	51	14.69%	—	Mar 1992	MNDIX vs DFSTX
VSTCX	Vanguard Strategic Small-Cap Equity Fund	Small Cap Blend Equities	78	18.22%	2.80B	Apr 2006	MNDIX vs VSTCX
JATTX	Janus Henderson Triton Fund Class T	Small Cap Growth Equities	37	11.37%	—	Feb 2005	MNDIX vs JATTX
FGROX	Emerald Growth Fund Institutional Class	Small Cap Growth Equities	83	26.22%	—	Oct 2008	MNDIX vs FGROX
PNSAX	Putnam Small Cap Growth Fund	Small Cap Growth Equities	30	19.33%	—	Dec 1997	MNDIX vs PNSAX
CTSIX	Calamos Timpani Small Cap Growth Fund	Small Cap Growth Equities	75	35.59%	—	Mar 2011	MNDIX vs CTSIX
PXQSX	Virtus KAR Small-Cap Value Fund	Small Cap Growth Equities	2	1.48%	—	Jun 2006	MNDIX vs PXQSX
HSPGX	Emerald Growth Fund	Small Cap Growth Equities	82	26.02%	—	Oct 1992	MNDIX vs HSPGX
HRSMX	Hood River Small-Cap Growth Fund	Small Cap Growth Equities	88	37.34%	—	Jan 2003	MNDIX vs HRSMX
KSCOX	Kinetics Small Cap Opportunities Fund	Small Cap Growth Equities	4	17.73%	—	Mar 2000	MNDIX vs KSCOX
SSCPX	Saratoga Small Capitalization Portfolio	Small Cap Growth Equities	47	21.31%	—	Sep 1994	MNDIX vs SSCPX
VLEOX	Value Line Small Cap Opportunities Fund	Small Cap Growth Equities	16	6.39%	—	Jun 1993	MNDIX vs VLEOX
JGMNX	Janus Henderson Triton Fund Class N	Small Cap Growth Equities	37	11.47%	—	May 2012	MNDIX vs JGMNX
DMCRX	Driehaus Micro Cap Growth Fund	Small Cap Growth Equities	80	25.51%	—	Nov 2013	MNDIX vs DMCRX
KSOAX	Kinetics Small Capital Opportunities Advisor Fund ...	Small Cap Growth Equities	4	17.61%	—	Dec 2001	MNDIX vs KSOAX
ALFAX	Lord Abbett Alpha Strategy Fund	Small Cap Growth Equities	55	18.69%	—	Mar 1998	MNDIX vs ALFAX
JANIX	Janus Henderson Triton Fund	Small Cap Growth Equities	37	11.41%	—	Feb 2005	MNDIX vs JANIX
ETMGX	Eaton Vance Tax-Managed Small-Cap Fund	Small Cap Growth Equities	3	2.05%	—	Sep 1997	MNDIX vs ETMGX
UMBHX	Carillon Scout Small Cap Fund	Small Cap Growth Equities	—	—	—	Nov 1986	MNDIX vs UMBHX

Compare MNDIX with Any Fund or Stock

Compare MNDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

MFS New Discovery Fund (MNDIX) Alternatives