MFS International New Discovery Fund (MWNIX) 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 MWNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWNIX
MWNIX charges 1.03% annually. There are 34 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 | MWNIX vs FSTSX | |
| Fidelity SAI International Small Cap Index Fund | 0.10% | — | Jun 2021 | MWNIX vs FSISX | |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund... | 0.11% | — | Apr 2009 | MWNIX vs VFSNX | |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund... | 0.16% | 14.30B | Feb 2019 | MWNIX vs VFSAX | |
| Avantis International Small Cap Value Fund | 0.36% | — | Dec 2019 | MWNIX vs AVDVX |
Best Risk-Adjusted Alternatives to MWNIX
MWNIX has a PortfoliosLab risk / return rank of 11. There are 77 mutual funds in the Foreign Small & Mid Cap Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Hood River International Opportunity Fund | 94 | — | Sep 2021 | MWNIX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 93 | — | Aug 2023 | MWNIX vs HRIIX | |
| Avantis International Small Cap Value Fund Class G | 81 | — | Jan 2021 | MWNIX vs AVANX | |
| Virtus International Small-Cap Fund | 78 | — | Dec 1997 | MWNIX vs ALOIX | |
| Avantis International Small Cap Value Fund | 75 | — | Dec 2019 | MWNIX vs AVDVX |
Top Performing MWNIX Alternatives (YTD)
MWNIX is at 4.54% YTD. There are 70 mutual funds in the Foreign Small & Mid Cap Equities category with higher YTD returns, going as high as 42.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Hood River International Opportunity Fund | 42.08% | — | Sep 2021 | MWNIX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 42.03% | — | Aug 2023 | MWNIX vs HRIIX | |
| Calamos International Small Cap Growth Fund | 28.34% | — | Mar 2022 | MWNIX vs CSGIX | |
| Lazard International Small Cap Equity Portfolio | 27.38% | — | Nov 1993 | MWNIX vs LZISX | |
| Artisan International Explorer Fund | 20.86% | — | May 2022 | MWNIX vs ARHBX |
Lowest Volatility Alternatives to MWNIX
MWNIX has 12.16% 1-year volatility. There are 2 mutual funds in the Foreign Small & Mid Cap Equities category with lower 1-year volatility, going as low as 11.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AMG Yacktman Special Opportunities Fund | 11.18% | — | Jun 2014 | MWNIX vs YASLX | |
| MFS International New Discovery Fund Class R6 | 12.14% | — | Jun 2012 | MWNIX vs MIDLX | |
| Harding Loevner International Small Companies Port... | 12.42% | — | Mar 2007 | MWNIX vs HLMSX | |
| Brandes International Small Cap Equity Fund | 12.57% | — | Jan 2012 | MWNIX vs BISAX | |
| Brandes International Small Cap Equity Fund Class ... | 12.57% | — | Feb 2012 | MWNIX vs BISMX |
Lowest Drawdown Alternatives to MWNIX
MWNIX has a 1-year max drawdown of -11.78%. There are 45 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 | MWNIX vs ARHBX | |
| WCM International Small Cap Growth Fund | -9.81% | — | Nov 2015 | MWNIX vs WCMSX | |
| Virtus International Small-Cap Fund | -10.07% | — | Dec 1997 | MWNIX vs ALOIX | |
| Invesco Global Opportunities Fund Class A | -10.08% | — | Oct 1990 | MWNIX vs OPGIX | |
| William Blair International Small Cap Growth Fund | -10.09% | — | Oct 2005 | MWNIX 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 | 11 | 2.02% | — | Jan 1996 | MWNIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 33 | 6.47% | — | May 2006 | MWNIX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 32 | 6.41% | — | Feb 1996 | MWNIX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 32 | 7.46% | — | Sep 2004 | MWNIX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -5.25% | — | Jan 1935 | MWNIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 8 | 1.54% | — | Jun 2012 | MWNIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 8 | 1.49% | — | Jul 1997 | MWNIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 24 | 4.21% | — | — | MWNIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 32 | 6.28% | — | Jan 1996 | MWNIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 30 | 5.54% | — | Jul 1924 | MWNIX vs MITTX |
Often Compared With MWNIX
Investors most often compare MWNIX with FTISX, BINCX, ACINX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MWNIX with Any Fund or Stock
Compare MWNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWNIX with funds that move differently
MFS International New Discovery Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWNIX.
Explore MWNIX Diversifiers