MDIJX vs. MQLFX

Last updated Jun 4, 2026

MDIJX (MFS International Diversification Fund) and MQLFX (MFS Limited Maturity Fund) are both mutual funds - MDIJX is a Foreign Large Cap Equities fund managed by MFS, while MQLFX is a Short-Term Bond fund managed by MFS. Over the past 10 years, MDIJX returned 9.90%/yr vs 2.26%/yr for MQLFX. At a 0.02 correlation, their price movements are largely independent. MDIJX charges 0.82%/yr vs 0.57%/yr for MQLFX.

Performance

MDIJX vs. MQLFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS International Diversification Fund (MDIJX) and MFS Limited Maturity Fund (MQLFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDIJX achieves a 10.27% return, which is significantly higher than MQLFX's 0.85% return. Over the past 10 years, MDIJX has outperformed MQLFX with an annualized return of 9.90%, while MQLFX has yielded a comparatively lower 2.26% annualized return.

MDIJX

• 1D: 0.62%
• 1M: 4.51%
• YTD: 10.27%
• 6M: 12.30%
• 1Y: 22.89%
• 3Y*: 16.34%
• 5Y*: 7.22%
• 10Y*: 9.90%

MQLFX

• 1D: 0.00%
• 1M: 0.17%
• YTD: 0.85%
• 6M: 1.07%
• 1Y: 4.23%
• 3Y*: 4.76%
• 5Y*: 2.17%
• 10Y*: 2.26%

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

MDIJX vs. MQLFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDIJX MFS International Diversification Fund	10.27%	27.84%	6.41%	14.37%	-17.12%	7.69%	15.26%	26.00%	-11.05%	30.29%
MQLFX MFS Limited Maturity Fund	0.85%	5.71%	4.44%	5.30%	-4.69%	-0.20%	4.20%	4.74%	1.17%	1.28%

Correlation

The correlation between MDIJX and MQLFX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 1, 2004	0.02

Over the past year, MDIJX and MQLFX have become more correlated (0.27) than their long-term average of 0.02, meaning their price movements have been converging.

Return for Risk

MDIJX vs. MQLFX — Risk / Return Rank

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

MDIJX

MDIJX Risk / Return Rank: 35
MDIJX Sharpe Ratio Rank: 38
MDIJX Sortino Ratio Rank: 37
MDIJX Omega Ratio Rank: 39
MDIJX Calmar Ratio Rank: 28
MDIJX Martin Ratio Rank: 32

MQLFX

MQLFX Risk / Return Rank: 58
MQLFX Sharpe Ratio Rank: 40
MQLFX Sortino Ratio Rank: 58
MQLFX Omega Ratio Rank: 71
MQLFX Calmar Ratio Rank: 62
MQLFX Martin Ratio Rank: 59

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.

MDIJX vs. MQLFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS International Diversification Fund (MDIJX) and MFS Limited Maturity Fund (MQLFX). 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.

	MDIJX	MQLFX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.84	-0.04
Sortino ratio: Return per unit of downside risk	2.54	3.22	-0.68
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	1.96	3.02	-1.05
Martin ratio: Return relative to average drawdown	7.43	11.73	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDIJX vs. MQLFX - Sharpe Ratio Comparison

The current MDIJX Sharpe Ratio is 1.79, which is comparable to the MQLFX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of MDIJX and MQLFX, 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

	MDIJX	MQLFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.84	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.91	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	1.04	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.54	-1.06

Drawdowns

MDIJX vs. MQLFX - Drawdown Comparison

The maximum MDIJX drawdown since its inception was -56.60%, which is greater than MQLFX's maximum drawdown of -7.14%. Use the drawdown chart below to compare losses from any high point for MDIJX and MQLFX.

Drawdown Indicators

	MDIJX	MQLFX	Difference
Max Drawdown Largest peak-to-trough decline	-56.60%	-7.14%	-49.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-1.35%	-10.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.57%	-1.35%	-11.22%
Max Drawdown (5Y) Largest decline over 5 years	-30.19%	-7.14%	-23.05%
Max Drawdown (10Y) Largest decline over 10 years	-30.19%	-7.14%	-23.05%
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-9.09%	-0.60%	-8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	0.35%	+2.66%

Volatility

MDIJX vs. MQLFX - Volatility Comparison

MFS International Diversification Fund (MDIJX) has a higher volatility of 3.98% compared to MFS Limited Maturity Fund (MQLFX) at 0.80%. This indicates that MDIJX's price experiences larger fluctuations and is considered to be riskier than MQLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDIJX	MQLFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.80%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	1.62%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	2.22%	+10.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	2.40%	+11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	2.17%	+12.53%

MDIJX vs. MQLFX - Expense Ratio Comparison

MDIJX has a 0.82% expense ratio, which is higher than MQLFX's 0.57% expense ratio.

Dividends

MDIJX vs. MQLFX - Dividend Comparison

MDIJX's dividend yield for the trailing twelve months is around 4.69%, more than MQLFX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDIJX MFS International Diversification Fund	4.69%	5.17%	3.50%	4.14%	2.64%	2.70%	1.64%	2.50%	3.14%	1.63%	2.18%	1.69%
MQLFX MFS Limited Maturity Fund	4.33%	4.34%	3.47%	2.85%	1.38%	1.46%	2.27%	2.60%	2.18%	1.61%	1.27%	1.24%

Frequently Asked Questions

Can I hold both MDIJX and MQLFX in my portfolio?

MDIJX and MQLFX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDIJX or MQLFX?

MDIJX has higher volatility (3.98%) compared to MQLFX (0.80%). In terms of maximum drawdown, MDIJX dropped -56.60% vs MQLFX's -7.14%.

Which has better risk-adjusted returns?

MQLFX currently has the higher Sharpe Ratio (1.84 vs 1.79), 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.