IWIRX vs. MINIX

Last updated Jun 24, 2026

IWIRX (Guinness Atkinson Global Innovators Fund) and MINIX (MFS International Intrinsic Value Fund Class I) are both Large Cap Growth Equities funds. Over the past 10 years, IWIRX returned 14.05%/yr vs 10.68%/yr for MINIX. A 0.69 correlation means they provide meaningful diversification when combined. IWIRX charges 1.24%/yr vs 0.72%/yr for MINIX.

Performance

IWIRX vs. MINIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guinness Atkinson Global Innovators Fund (IWIRX) 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, IWIRX achieves a 4.87% return, which is significantly lower than MINIX's 6.23% return. Over the past 10 years, IWIRX has outperformed MINIX with an annualized return of 14.05%, while MINIX has yielded a comparatively lower 10.68% annualized return.

IWIRX

• 1D: -0.30%
• 1M: 2.79%
• YTD: 4.87%
• 6M: 4.03%
• 1Y: 18.43%
• 3Y*: 19.24%
• 5Y*: 6.57%
• 10Y*: 14.05%

MINIX

• 1D: 0.10%
• 1M: 0.30%
• YTD: 6.23%
• 6M: 5.59%
• 1Y: 21.23%
• 3Y*: 17.50%
• 5Y*: 7.76%
• 10Y*: 10.68%

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

IWIRX vs. MINIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWIRX Guinness Atkinson Global Innovators Fund	4.87%	19.93%	19.47%	39.36%	-29.72%	4.85%	36.21%	37.05%	-16.90%	34.77%
MINIX MFS International Intrinsic Value Fund Class I	6.23%	33.06%	7.35%	18.04%	-23.05%	10.55%	20.45%	25.90%	-9.02%	27.14%

Correlation

The correlation between IWIRX and MINIX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 15, 1998	0.69

The correlation between IWIRX and MINIX has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

IWIRX vs. MINIX — Risk / Return Rank

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

IWIRX

IWIRX Risk / Return Rank: 22
IWIRX Sharpe Ratio Rank: 21
IWIRX Sortino Ratio Rank: 19
IWIRX Omega Ratio Rank: 19
IWIRX Calmar Ratio Rank: 22
IWIRX Martin Ratio Rank: 27

MINIX

MINIX Risk / Return Rank: 28
MINIX Sharpe Ratio Rank: 31
MINIX Sortino Ratio Rank: 29
MINIX Omega Ratio Rank: 29
MINIX Calmar Ratio Rank: 25
MINIX Martin Ratio Rank: 28

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.

IWIRX vs. MINIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Global Innovators Fund (IWIRX) 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.

	IWIRX	MINIX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.49	-0.29
Sortino ratio: Return per unit of downside risk	1.70	2.10	-0.40
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.60	1.73	-0.12
Martin ratio: Return relative to average drawdown	6.04	6.04	0.00

IWIRX vs. MINIX - Sharpe Ratio Comparison

The current IWIRX Sharpe Ratio is 1.20, which is comparable to the MINIX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IWIRX 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

IWIRX vs. MINIX - Drawdown Comparison

The maximum IWIRX drawdown since its inception was -70.99%, which is greater than MINIX's maximum drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for IWIRX and MINIX.

Drawdown Indicators

	IWIRX	MINIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.99%	-51.72%	-19.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.03%	-12.42%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.26%	-13.59%	-13.67%
Max Drawdown (5Y) Largest decline over 5 years	-44.99%	-36.78%	-8.21%
Max Drawdown (10Y) Largest decline over 10 years	-44.99%	-36.78%	-8.21%
Current Drawdown Current decline from peak	-0.79%	-3.24%	+2.45%
Average Drawdown Average peak-to-trough decline	-21.27%	-8.60%	-12.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.55%	-0.36%

Volatility

IWIRX vs. MINIX - Volatility Comparison

Guinness Atkinson Global Innovators Fund (IWIRX) has a higher volatility of 6.39% compared to MFS International Intrinsic Value Fund Class I (MINIX) at 5.03%. This indicates that IWIRX's price experiences larger fluctuations and is considered to be riskier than MINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWIRX	MINIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	5.03%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	11.79%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	14.41%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	16.73%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	15.63%	+7.23%

IWIRX vs. MINIX - Expense Ratio Comparison

IWIRX has a 1.24% expense ratio, which is higher than MINIX's 0.72% expense ratio.

Dividends

IWIRX vs. MINIX - Dividend Comparison

IWIRX's dividend yield for the trailing twelve months is around 16.01%, more than MINIX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWIRX Guinness Atkinson Global Innovators Fund	16.01%	16.79%	12.54%	3.85%	12.52%	2.58%	2.65%	4.54%	7.63%	2.27%	0.92%	4.77%
MINIX MFS International Intrinsic Value Fund Class I	7.31%	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 IWIRX and MINIX in my portfolio?

IWIRX and MINIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWIRX or MINIX?

IWIRX has higher volatility (6.39%) compared to MINIX (5.03%). In terms of maximum drawdown, IWIRX dropped -70.99% vs MINIX's -51.72%.

Which has better risk-adjusted returns?

MINIX currently has the higher Sharpe Ratio (1.49 vs 1.20), 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.