DVY vs. MIDLX

Last updated Jun 9, 2026

DVY (iShares Select Dividend ETF) and MIDLX (MFS International New Discovery Fund Class R6) are both funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while MIDLX is a Foreign Small & Mid Cap Equities fund tracking the MSCI All Country World ex-US Small Mid Cap Index. Both are passively managed. Over the past 10 years, DVY returned 10.10%/yr vs 6.41%/yr for MIDLX. A 0.56 correlation means they provide meaningful diversification when combined. DVY charges 0.39%/yr vs 0.91%/yr for MIDLX.

Performance

DVY vs. MIDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and MFS International New Discovery Fund Class R6 (MIDLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVY achieves a 10.24% return, which is significantly higher than MIDLX's 3.83% return. Over the past 10 years, DVY has outperformed MIDLX with an annualized return of 10.10%, while MIDLX has yielded a comparatively lower 6.41% annualized return.

DVY

• 1D: -0.64%
• 1M: 1.40%
• YTD: 10.24%
• 6M: 11.57%
• 1Y: 21.73%
• 3Y*: 15.00%
• 5Y*: 8.74%
• 10Y*: 10.10%

MIDLX

• 1D: -2.35%
• 1M: -3.37%
• YTD: 3.83%
• 6M: 4.94%
• 1Y: 7.50%
• 3Y*: 9.96%
• 5Y*: 2.83%
• 10Y*: 6.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVY vs. MIDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVY iShares Select Dividend ETF	10.24%	11.60%	16.24%	1.12%	1.80%	31.70%	-4.91%	22.62%	-6.36%	14.82%
MIDLX MFS International New Discovery Fund Class R6	3.83%	17.03%	3.33%	13.21%	-18.52%	5.17%	10.15%	24.97%	-10.29%	30.65%

Correlation

The correlation between DVY and MIDLX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 4, 2012	0.56

The correlation between DVY and MIDLX shifts across timeframes, from 0.43 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DVY vs. MIDLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVY

DVY Risk / Return Rank: 67
DVY Sharpe Ratio Rank: 66
DVY Sortino Ratio Rank: 71
DVY Omega Ratio Rank: 61
DVY Calmar Ratio Rank: 70
DVY Martin Ratio Rank: 67

MIDLX

MIDLX Risk / Return Rank: 9
MIDLX Sharpe Ratio Rank: 9
MIDLX Sortino Ratio Rank: 9
MIDLX Omega Ratio Rank: 9
MIDLX Calmar Ratio Rank: 8
MIDLX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVY vs. MIDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.

	DVY	MIDLX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.64	+1.32
Sortino ratio: Return per unit of downside risk	2.89	0.98	+1.90
Omega ratio: Gain probability vs. loss probability	1.34	1.12	+0.21
Calmar ratio: Return relative to maximum drawdown	3.17	0.64	+2.52
Martin ratio: Return relative to average drawdown	11.16	2.20	+8.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVY vs. MIDLX - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 1.97, which is higher than the MIDLX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of DVY and MIDLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVY	MIDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	0.64	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.21	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.46	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.57	-0.10

Drawdowns

DVY vs. MIDLX - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for DVY and MIDLX.

Drawdown Indicators

	DVY	MIDLX	Difference
Max Drawdown Largest peak-to-trough decline	-62.59%	-34.70%	-27.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-11.75%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-13.15%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	-33.58%	+16.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-34.70%	-6.89%
Current Drawdown Current decline from peak	-1.48%	-4.51%	+3.03%
Average Drawdown Average peak-to-trough decline	-8.79%	-6.92%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.42%	-1.47%

Volatility

DVY vs. MIDLX - Volatility Comparison

The current volatility for iShares Select Dividend ETF (DVY) is 2.70%, while MFS International New Discovery Fund Class R6 (MIDLX) has a volatility of 3.57%. This indicates that DVY experiences smaller price fluctuations and is considered to be less risky than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVY	MIDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	3.57%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	9.79%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	11.73%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	13.24%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	14.02%	+4.00%

DVY vs. MIDLX - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is lower than MIDLX's 0.91% expense ratio.

Dividends

DVY vs. MIDLX - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.40%, more than MIDLX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVY iShares Select Dividend ETF	3.40%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
MIDLX MFS International New Discovery Fund Class R6	3.25%	3.37%	10.08%	4.21%	5.85%	5.19%	4.03%	4.36%	6.82%	1.63%	1.09%	1.25%

Frequently Asked Questions

Can I hold both DVY and MIDLX in my portfolio?

DVY and MIDLX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVY or MIDLX?

MIDLX has higher volatility (3.57%) compared to DVY (2.70%). In terms of maximum drawdown, DVY dropped -62.59% vs MIDLX's -34.70%.

Which has better risk-adjusted returns?

DVY currently has the higher Sharpe Ratio (1.97 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.