EMLIX vs. MINIX

Last updated Aug 5, 2026

EMLIX (MFS Emerging Markets Debt Local Currency Fund) and MINIX (MFS International Intrinsic Value Fund Class I) are both mutual funds - EMLIX is a Emerging Markets Bonds fund managed by MFS, while MINIX is a Large Cap Growth Equities fund managed by MFS. Over the past 10 years, EMLIX returned 2.78%/yr vs 10.20%/yr for MINIX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. EMLIX charges 0.85%/yr vs 0.72%/yr for MINIX.

Performance

EMLIX vs. MINIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Emerging Markets Debt Local Currency Fund (EMLIX) and MFS International Intrinsic Value Fund Class I (MINIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMLIX achieves a 1.37% return, which is significantly lower than MINIX's 8.95% return. Over the past 10 years, EMLIX has underperformed MINIX with an annualized return of 2.78%, while MINIX has yielded a comparatively higher 10.20% annualized return.

EMLIX

• 1D: 0.00%
• 1M: -0.50%
• 6M: -1.28%
• YTD: 1.37%
• 1Y: 7.80%
• 3Y*: 6.16%
• 5Y*: 2.39%
• 10Y*: 2.78%
• ALL TIME*: 0.93%

MINIX

• 1D: 0.74%
• 1M: 2.90%
• 6M: 3.70%
• YTD: 8.95%
• 1Y: 21.16%
• 3Y*: 17.83%
• 5Y*: 7.52%
• 10Y*: 10.20%
• ALL TIME*: 9.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMLIX MFS Emerging Markets Debt Local Currency Fund	$0.00	$0.00	$0.00
MINIX MFS International Intrinsic Value Fund Class I	$0.00	$0.00	$0.00

EMLIX vs. MINIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMLIX MFS Emerging Markets Debt Local Currency Fund	1.37%	19.53%	-4.66%	12.67%	-10.19%	-7.97%	2.68%	15.91%	-5.99%	14.59%
MINIX MFS International Intrinsic Value Fund Class I	8.95%	33.06%	7.35%	18.04%	-23.05%	10.55%	20.45%	25.90%	-9.02%	27.14%

Correlation

The correlation between EMLIX and MINIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Sep 15, 2011	0.54

The correlation between EMLIX and MINIX shifts across timeframes, from 0.52 (10 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMLIX vs. MINIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMLIX

EMLIX Risk / Return Rank: 30
EMLIX Sharpe Ratio Rank: 34
EMLIX Sortino Ratio Rank: 33
EMLIX Omega Ratio Rank: 37
EMLIX Calmar Ratio Rank: 23
EMLIX Martin Ratio Rank: 23

MINIX

MINIX Risk / Return Rank: 47
MINIX Sharpe Ratio Rank: 55
MINIX Sortino Ratio Rank: 51
MINIX Omega Ratio Rank: 49
MINIX Calmar Ratio Rank: 42
MINIX Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMLIX vs. MINIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Emerging Markets Debt Local Currency Fund (EMLIX) and MFS International Intrinsic Value Fund Class I (MINIX). 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.

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.

	EMLIX	MINIX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.57	-0.28
Sortino ratio: Return per unit of downside risk	1.82	2.18	-0.37
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.24	1.84	-0.61
Martin ratio: Return relative to average drawdown	3.70	6.07	-2.37

EMLIX vs. MINIX - Sharpe Ratio Comparison

The current EMLIX Sharpe Ratio is 1.28, which is comparable to the MINIX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of EMLIX and MINIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMLIX vs. MINIX - Drawdown Comparison

The maximum EMLIX drawdown since its inception was -34.15%, smaller than the maximum MINIX drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for EMLIX and MINIX.

Drawdown Indicators

	EMLIX	MINIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.15%	-51.72%	+17.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-12.42%	+5.62%
Max Drawdown (3Y) Largest decline over 3 years	-8.33%	-13.59%	+5.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.42%	-36.78%	+13.36%
Max Drawdown (10Y) Largest decline over 10 years	-33.42%	-36.78%	+3.36%
Current Drawdown Current decline from peak	-3.22%	-0.76%	-2.46%
Average Drawdown Average peak-to-trough decline	-16.38%	-8.58%	-7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	3.76%	-1.50%

Volatility

EMLIX vs. MINIX - Volatility Comparison

The current volatility for MFS Emerging Markets Debt Local Currency Fund (EMLIX) is 1.59%, while MFS International Intrinsic Value Fund Class I (MINIX) has a volatility of 3.78%. This indicates that EMLIX experiences smaller price fluctuations and is considered to be less risky than MINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMLIX	MINIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	3.78%	-2.19%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	12.17%	-6.31%
Volatility (1Y) Calculated over the trailing 1-year period	6.57%	14.64%	-8.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.62%	16.80%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	15.53%	-2.27%

EMLIX vs. MINIX - Expense Ratio Comparison

EMLIX has a 0.85% expense ratio, which is higher than MINIX's 0.72% expense ratio.

Dividends

EMLIX vs. MINIX - Dividend Comparison

EMLIX's dividend yield for the trailing twelve months is around 3.57%, less than MINIX's 7.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMLIX MFS Emerging Markets Debt Local Currency Fund	3.57%	3.48%	5.32%	3.64%	3.60%	4.49%	4.13%	4.71%	5.60%	4.48%	4.59%	6.93%
MINIX MFS International Intrinsic Value Fund Class I	7.13%	7.77%	12.02%	11.21%	13.90%	7.25%	5.25%	3.94%	4.49%	2.62%	1.82%	3.20%

Frequently Asked Questions

Can I hold both EMLIX and MINIX in my portfolio?

EMLIX and MINIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMLIX or MINIX?

MINIX has higher volatility (3.78%) compared to EMLIX (1.59%). In terms of maximum drawdown, EMLIX dropped -34.15% vs MINIX's -51.72%.

Which has better risk-adjusted returns?

MINIX currently has the higher Sharpe Ratio (1.57 vs 1.28), 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.