BINCX vs. MIDLX
Compare and contrast key facts about Brandes International Small Cap Equity Fund Class C (BINCX) and MFS International New Discovery Fund Class R6 (MIDLX).
BINCX is an actively managed fund by Brandes. It was launched on Jan 31, 2013. 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
BINCX vs. MIDLX - Performance Comparison
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BINCX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BINCX Brandes International Small Cap Equity Fund Class C | -1.05% | 44.63% | 22.20% | 37.99% | -9.36% | 18.22% | 3.79% | 6.06% | -20.76% | 10.71% |
MIDLX MFS International New Discovery Fund Class R6 | -1.87% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
Returns By Period
In the year-to-date period, BINCX achieves a -1.05% return, which is significantly higher than MIDLX's -1.87% return. Over the past 10 years, BINCX has outperformed MIDLX with an annualized return of 10.00%, while MIDLX has yielded a comparatively lower 6.30% annualized return.
BINCX
- 1D
- 2.55%
- 1M
- -7.08%
- YTD
- -1.05%
- 6M
- 1.99%
- 1Y
- 29.44%
- 3Y*
- 28.66%
- 5Y*
- 17.94%
- 10Y*
- 10.00%
MIDLX
- 1D
- 2.26%
- 1M
- -8.27%
- YTD
- -1.87%
- 6M
- -2.69%
- 1Y
- 11.54%
- 3Y*
- 8.22%
- 5Y*
- 2.54%
- 10Y*
- 6.30%
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BINCX vs. MIDLX - Expense Ratio Comparison
BINCX has a 1.99% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Return for Risk
BINCX vs. MIDLX — Risk / Return Rank
BINCX
MIDLX
BINCX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class C (BINCX) 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.
| BINCX | MIDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 0.98 | +1.23 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.32 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.19 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.92 | +1.47 |
Martin ratioReturn relative to average drawdown | 9.46 | 3.46 | +6.00 |
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
| BINCX | MIDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 0.98 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 0.20 | +1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.45 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.55 | +0.09 |
Correlation
The correlation between BINCX and MIDLX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BINCX vs. MIDLX - Dividend Comparison
BINCX's dividend yield for the trailing twelve months is around 3.04%, less than MIDLX's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINCX Brandes International Small Cap Equity Fund Class C | 3.04% | 3.01% | 2.54% | 2.45% | 2.98% | 3.85% | 0.60% | 0.21% | 3.77% | 7.83% | 3.75% | 3.04% |
MIDLX MFS International New Discovery Fund Class R6 | 3.44% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Drawdowns
BINCX vs. MIDLX - Drawdown Comparison
The maximum BINCX drawdown since its inception was -48.15%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for BINCX and MIDLX.
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Drawdown Indicators
| BINCX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -34.70% | -13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -11.75% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -33.58% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -48.15% | -34.70% | -13.45% |
Current DrawdownCurrent decline from peak | -9.14% | -9.75% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -6.96% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.12% | -0.18% |
Volatility
BINCX vs. MIDLX - Volatility Comparison
Brandes International Small Cap Equity Fund Class C (BINCX) has a higher volatility of 6.00% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 5.67%. This indicates that BINCX'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
| BINCX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.67% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 8.48% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 12.28% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 13.09% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 13.93% | +0.25% |