HFXI vs. MKVIX
Compare and contrast key facts about IQ 50 Percent Hedged FTSE International ETF (HFXI) and MFS International Large Cap Value Fund (MKVIX).
HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. MKVIX is managed by MFS. It was launched on Jun 29, 2020.
Performance
HFXI vs. MKVIX - Performance Comparison
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HFXI vs. MKVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.78% | 30.10% | 7.58% | 19.56% | -10.71% | 13.96% | 18.31% |
MKVIX MFS International Large Cap Value Fund | -1.07% | 40.03% | 6.63% | 16.13% | -8.82% | 14.82% | 20.04% |
Returns By Period
In the year-to-date period, HFXI achieves a 3.78% return, which is significantly higher than MKVIX's -1.07% return.
HFXI
- 1D
- 3.13%
- 1M
- -7.94%
- YTD
- 3.78%
- 6M
- 11.06%
- 1Y
- 27.85%
- 3Y*
- 16.89%
- 5Y*
- 10.58%
- 10Y*
- 10.49%
MKVIX
- 1D
- 0.42%
- 1M
- -9.53%
- YTD
- -1.07%
- 6M
- 5.53%
- 1Y
- 26.10%
- 3Y*
- 16.84%
- 5Y*
- 11.16%
- 10Y*
- —
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HFXI vs. MKVIX - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than MKVIX's 0.71% expense ratio.
Return for Risk
HFXI vs. MKVIX — Risk / Return Rank
HFXI
MKVIX
HFXI vs. MKVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and MFS International Large Cap Value Fund (MKVIX). 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.
| HFXI | MKVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.68 | 0.00 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.15 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.08 | +0.39 |
Martin ratioReturn relative to average drawdown | 9.41 | 8.62 | +0.79 |
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
| HFXI | MKVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.68 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.73 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.93 | -0.43 |
Correlation
The correlation between HFXI and MKVIX is 0.89, 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
HFXI vs. MKVIX - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 4.34%, less than MKVIX's 8.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 4.34% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
MKVIX MFS International Large Cap Value Fund | 8.51% | 8.42% | 7.25% | 4.19% | 2.72% | 3.90% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HFXI vs. MKVIX - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, which is greater than MKVIX's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for HFXI and MKVIX.
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Drawdown Indicators
| HFXI | MKVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -26.63% | -5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -10.76% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | -26.63% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | — | — |
Current DrawdownCurrent decline from peak | -7.96% | -9.53% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -4.35% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.76% | +0.11% |
Volatility
HFXI vs. MKVIX - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) has a higher volatility of 7.85% compared to MFS International Large Cap Value Fund (MKVIX) at 5.61%. This indicates that HFXI's price experiences larger fluctuations and is considered to be riskier than MKVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFXI | MKVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 5.61% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 9.29% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 14.87% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 15.30% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 15.41% | +1.13% |