MAIIX vs. MDIJX
MAIIX (iShares MSCI EAFE International Index Fund) and MDIJX (MFS International Diversification Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, MAIIX returned 9.58%/yr vs 9.78%/yr for MDIJX. Their correlation of 0.95 suggests significant overlap in exposure. MAIIX charges 0.09%/yr vs 0.82%/yr for MDIJX.
Performance
MAIIX vs. MDIJX - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.54% return, which is significantly higher than MDIJX's 9.55% return. Both investments have delivered pretty close results over the past 10 years, with MAIIX having a 9.58% annualized return and MDIJX not far ahead at 9.78%.
MAIIX
- 1D
- 0.23%
- 1M
- 0.80%
- 6M
- 6.74%
- YTD
- 10.54%
- 1Y
- 21.38%
- 3Y*
- 17.18%
- 5Y*
- 9.15%
- 10Y*
- 9.58%
MDIJX
- 1D
- 0.26%
- 1M
- 0.56%
- 6M
- 6.03%
- YTD
- 9.55%
- 1Y
- 19.35%
- 3Y*
- 15.76%
- 5Y*
- 7.30%
- 10Y*
- 9.78%
MAIIX vs. MDIJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.54% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
MDIJX MFS International Diversification Fund | 9.55% | 27.84% | 6.41% | 14.37% | -17.12% | 7.69% | 15.26% | 26.00% | -11.05% | 30.29% |
Correlation
The correlation between MAIIX and MDIJX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004 | 0.95 |
The correlation between MAIIX and MDIJX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
MAIIX vs. MDIJX — Risk / Return Rank
MAIIX
MDIJX
MAIIX vs. MDIJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) and MFS International Diversification Fund (MDIJX). 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.
| MAIIX | MDIJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.63 | +0.17 |
| Martin ratioReturn relative to average drawdown | 6.71 | 6.09 | +0.62 |
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Drawdowns
MAIIX vs. MDIJX - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than MDIJX's maximum drawdown of -56.60%. Use the drawdown chart below to compare losses from any high point for MAIIX and MDIJX.
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Drawdown Indicators
| MAIIX | MDIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -56.60% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -11.40% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -12.57% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -30.19% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -30.19% | -3.82% |
Current DrawdownCurrent decline from peak | -1.11% | -1.30% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -9.06% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.05% | -0.01% |
Volatility
MAIIX vs. MDIJX - Volatility Comparison
iShares MSCI EAFE International Index Fund (MAIIX) has a higher volatility of 5.24% compared to MFS International Diversification Fund (MDIJX) at 4.85%. This indicates that MAIIX's price experiences larger fluctuations and is considered to be riskier than MDIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | MDIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 4.85% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 11.42% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 13.40% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 14.39% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 14.51% | +1.86% |
MAIIX vs. MDIJX - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is lower than MDIJX's 0.82% expense ratio.
Dividends
MAIIX vs. MDIJX - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.35%, less than MDIJX's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.35% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
MDIJX MFS International Diversification Fund | 4.72% | 5.17% | 3.50% | 4.14% | 2.64% | 2.70% | 1.64% | 2.50% | 3.14% | 1.63% | 2.18% | 1.69% |
Frequently Asked Questions
With a correlation of 0.91, MAIIX and MDIJX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MAIIX has higher volatility (5.24%) compared to MDIJX (4.85%). In terms of maximum drawdown, MAIIX dropped -61.05% vs MDIJX's -56.60%.
MDIJX currently has the higher Sharpe Ratio (1.39 vs 1.29), 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.
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