- ISIN
- US5529818545
- CUSIP
- 552981854
- Issuer
- MFS
- Inception Date
- Oct 8, 1997
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MWNIX Performance Chart
MFS International New Discovery Fund (MWNIX) is up 7.7% since the beginning of the year. MWNIX is currently trading at $36 per share. Investors who bought $1,000 worth of MWNIX shares 5 years ago would now be looking at an investment worth $1,177.
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Returns By Period
MFS International New Discovery Fund (MWNIX) has returned 7.72% so far this year and 12.59% over the past 12 months. Over the last ten years, MWNIX has returned 6.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MFS International New Discovery Fund
- 1D
- 0.47%
- 1M
- 1.48%
- YTD
- 7.72%
- 6M
- 7.82%
- 1Y
- 12.59%
- 3Y*
- 9.69%
- 5Y*
- 3.31%
- 10Y*
- 6.48%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MWNIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 9, 1997, MWNIX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +14.1%, while the worst month was Oct 2008 at -22.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MWNIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.3%, while the worst single day was Mar 12, 2020 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.56% | 4.96% | -9.78% | 7.03% | 2.55% | 0.08% | 7.72% | ||||||
| 2025 | 0.97% | 0.87% | 0.63% | 4.49% | 4.33% | 3.46% | -1.80% | 3.08% | 0.72% | -1.71% | 0.49% | 0.41% | 16.88% |
| 2024 | -2.75% | 1.66% | 2.62% | -2.15% | 2.39% | -1.03% | 5.06% | 2.72% | 3.26% | -5.92% | -0.45% | -3.90% | 0.90% |
| 2023 | 7.20% | -3.58% | 2.52% | 1.91% | -3.46% | 2.30% | 3.51% | -2.61% | -4.69% | -3.62% | 8.13% | 5.84% | 13.03% |
| 2022 | -7.18% | -1.59% | -2.11% | -5.76% | 0.13% | -7.64% | 6.17% | -4.92% | -9.64% | 3.42% | 11.61% | -0.81% | -18.63% |
| 2021 | -1.69% | -0.70% | 2.92% | 2.42% | 2.26% | -0.20% | 1.16% | 2.73% | -3.53% | 0.85% | -4.12% | 3.21% | 5.06% |
Benchmark Metrics
MFS International New Discovery Fund has an annualized alpha of 4.95%, beta of 0.62, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since October 09, 1997.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.83%) than losses (83.71%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.95% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.62 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.95%
- Beta
- 0.62
- R²
- 0.55
- Upside Capture
- 92.83%
- Downside Capture
- 83.71%
Expense Ratio
MWNIX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MWNIX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS International New Discovery Fund (MWNIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MWNIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.78 | -1.79 |
| Martin ratioReturn relative to average drawdown | 3.36 | 12.44 | -9.08 |
Dividends
Dividend History
MFS International New Discovery Fund provided a 3.01% dividend yield over the last twelve months, with an annual payout of $1.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.09 | $1.09 | $2.26 | $1.28 | $1.65 | $1.92 | $1.48 | $0.96 | $2.00 | $0.58 | $0.30 | $0.32 |
Dividend yield | 3.01% | 3.24% | 7.61% | 4.05% | 5.68% | 5.06% | 3.90% | 2.67% | 6.68% | 1.63% | 1.09% | 1.12% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS International New Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $2.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $1.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS International 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 International New Discovery Fund was 58.38%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current MFS International New Discovery Fund drawdown is 0.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.38%Mar 2009 | 1y 4mo | 2y 1mo | 3y 5moNov 2007 - Apr 2011 |
COVID crash2020 | -34.72%Mar 2020 | 2mo 2d | 6mo 23d | 8mo 25dJan 2020 - Oct 2020 |
Bear market2022 | -33.67%Oct 2022 | 1y 29d | 2y 8mo | 3y 9moSep 2021 - Jun 2025 |
Dot-com crash2000–2002 | -30.20%Sep 2001 | 1y 6mo | 1y 12mo | 3y 6moMar 2000 - Sep 2003 |
1998 bear market1998 | -27.14%Oct 1998 | 2mo 19d | 6mo 7d | 8mo 26dJul 1998 - Apr 1999 |
Drawdown Indicators
| MWNIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.38% | -56.78% | -1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -9.10% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -18.90% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.67% | -25.43% | -8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -34.72% | -33.92% | -0.80% |
Current DrawdownCurrent decline from peak | -0.90% | -1.80% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -10.71% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.03% | +1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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