- ISIN
- US55278M4078
- Issuer
- MFS
- Inception Date
- May 26, 2011
- Category
- Small Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
NDVIX Performance Chart
MFS New Discovery Value Fund (NDVIX) is up 12.1% since the beginning of the year. NDVIX is currently trading at $19 per share. Investors who bought $1,000 worth of NDVIX shares 5 years ago would now be looking at an investment worth $1,359.
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Returns By Period
MFS New Discovery Value Fund (NDVIX) has returned 12.08% so far this year and 21.76% over the past 12 months. Over the last ten years, NDVIX has returned 10.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
MFS New Discovery Value Fund
- 1D
- 1.40%
- 1M
- 2.73%
- YTD
- 12.08%
- 6M
- 9.66%
- 1Y
- 21.76%
- 3Y*
- 10.90%
- 5Y*
- 6.32%
- 10Y*
- 10.66%
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%
NDVIX Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2011, NDVIX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.7%, while the worst month was Mar 2020 at -23.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NDVIX closed higher 51% of trading days. The best single day was Dec 13, 2013 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.29% | 2.43% | -5.90% | 7.80% | -0.33% | 2.78% | 12.08% | ||||||
| 2025 | 2.47% | -3.00% | -4.92% | -5.11% | 4.47% | 2.99% | 0.73% | 6.84% | -1.53% | -2.00% | 2.38% | -0.21% | 2.38% |
| 2024 | -3.22% | 1.99% | 5.33% | -4.79% | 3.08% | -1.94% | 9.25% | 0.73% | -0.10% | -0.83% | 8.76% | -7.84% | 9.34% |
| 2023 | 9.09% | -1.57% | -6.21% | -1.23% | -4.15% | 7.98% | 5.27% | -3.65% | -4.94% | -6.28% | 8.83% | 9.84% | 11.20% |
| 2022 | -3.07% | 1.51% | -0.74% | -6.88% | 2.78% | -8.80% | 7.85% | -4.61% | -10.13% | 11.79% | 5.56% | -4.08% | -10.79% |
| 2021 | 0.00% | 10.92% | 5.51% | 4.51% | 3.59% | -0.94% | -0.48% | 1.29% | -2.31% | 5.65% | -3.52% | 6.02% | 33.58% |
Benchmark Metrics
MFS New Discovery Value Fund has an annualized alpha of -0.97%, beta of 1.02, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since May 26, 2011.
- This fund participated in 109.34% of S&P 500 Index downside but only 101.36% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.02 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.97%
- Beta
- 1.02
- R²
- 0.70
- Upside Capture
- 101.36%
- Downside Capture
- 109.34%
Expense Ratio
NDVIX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NDVIX 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS New Discovery Value Fund (NDVIX) 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.
| NDVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.78 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.48 | 12.44 | -5.96 |
Dividends
Dividend History
MFS New Discovery Value Fund provided a 9.60% dividend yield over the last twelve months, with an annual payout of $1.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.81 | $1.81 | $1.20 | $1.10 | $1.40 | $1.92 | $0.33 | $0.80 | $1.06 | $0.81 | $0.64 | $0.32 |
Dividend yield | 9.60% | 10.76% | 6.57% | 6.24% | 8.27% | 9.36% | 1.93% | 4.80% | 8.09% | 5.14% | 4.40% | 2.70% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS New Discovery Value 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 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $1.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $1.40 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $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 New Discovery Value 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 Value Fund was 44.03%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current MFS New Discovery Value Fund drawdown is 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.03%Mar 2020 | 2mo 6d | 8mo 16d | 10mo 22dJan 2020 - Dec 2020 |
2011 bear market2011 | -27.88%Oct 2011 | 2mo 27d | 4mo 3d | 7moJul 2011 - Feb 2012 |
2025 selloff2025 | -25.59%Apr 2025 | 4mo 13d | 9mo 12d | 1y 1moNov 2024 - Jan 2026 |
Rate-hike selloffLate 2018 | -23.36%Dec 2018 | 4mo 4d | 8mo 21d | 1y 20dAug 2018 - Sep 2019 |
Bear market2022 | -23.04%Sep 2022 | 10mo 26d | 1y 6mo | 2y 4moNov 2021 - Mar 2024 |
Drawdown Indicators
| NDVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.03% | -56.78% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -9.10% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | -18.90% | -6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | -25.43% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.03% | -33.92% | -10.11% |
Current DrawdownCurrent decline from peak | -0.26% | -1.80% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -10.71% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.03% | +1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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