AVANX vs. MIDLX
Compare and contrast key facts about Avantis International Small Cap Value Fund Class G (AVANX) and MFS International New Discovery Fund Class R6 (MIDLX).
AVANX is an actively managed fund by Avantis. It was launched on Jan 20, 2021. MIDLX is a passively managed fund by MFS that tracks the performance of the MSCI All Country World ex-US Small Mid Cap Index. It was launched on Jun 1, 2012.
Performance
AVANX vs. MIDLX - Performance Comparison
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Returns By Period
In the year-to-date period, AVANX achieves a 7.46% return, which is significantly higher than MIDLX's -0.98% return.
AVANX
- 1D
- -1.01%
- 1M
- -2.93%
- YTD
- 7.46%
- 6M
- 14.47%
- 1Y
- 64.03%
- 3Y*
- 24.08%
- 5Y*
- —
- 10Y*
- —
MIDLX
- 1D
- -0.74%
- 1M
- -3.53%
- YTD
- -0.98%
- 6M
- -2.08%
- 1Y
- 18.15%
- 3Y*
- 8.43%
- 5Y*
- 2.73%
- 10Y*
- 6.39%
AVANX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVANX Avantis International Small Cap Value Fund Class G | 7.46% | 48.78% | 8.80% | 17.17% | -7.66% |
MIDLX MFS International New Discovery Fund Class R6 | -0.98% | 17.03% | 3.33% | 13.21% | -12.24% |
Correlation
The correlation between AVANX and MIDLX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
AVANX vs. MIDLX - Expense Ratio Comparison
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Return for Risk
AVANX vs. MIDLX — Risk / Return Rank
AVANX
MIDLX
AVANX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund Class G (AVANX) and MFS International New Discovery Fund Class R6 (MIDLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVANX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.84 | 1.01 | +1.83 |
Sortino ratioReturn per unit of downside risk | 3.43 | 1.37 | +2.06 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.20 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.80 | 1.07 | +2.73 |
Martin ratioReturn relative to average drawdown | 15.25 | 3.91 | +11.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVANX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 1.01 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.55 | +0.41 |
Drawdowns
AVANX vs. MIDLX - Drawdown Comparison
The maximum AVANX drawdown since its inception was -25.35%, smaller than the maximum MIDLX drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for AVANX and MIDLX.
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Drawdown Indicators
| AVANX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.35% | -34.70% | +9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -11.75% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.70% | — |
Current DrawdownCurrent decline from peak | -8.44% | -8.93% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.96% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.21% | 0.00% |
Volatility
AVANX vs. MIDLX - Volatility Comparison
Avantis International Small Cap Value Fund Class G (AVANX) has a higher volatility of 7.21% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.15%. This indicates that AVANX's price experiences larger fluctuations and is considered to be riskier than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVANX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.15% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 8.67% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 12.36% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 13.10% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 13.94% | +3.16% |
Dividends
AVANX vs. MIDLX - Dividend Comparison
AVANX's dividend yield for the trailing twelve months is around 10.11%, more than MIDLX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVANX Avantis International Small Cap Value Fund Class G | 10.11% | 10.86% | 4.74% | 3.87% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MIDLX MFS International New Discovery Fund Class R6 | 3.41% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |