MDIZX vs. IVFIX
MDIZX (MFS International Diversification Fund R6) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, MDIZX returned 7.61%/yr vs 10.41%/yr for IVFIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. MDIZX charges 0.73%/yr vs 0.86%/yr for IVFIX.
Performance
MDIZX vs. IVFIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MDIZX having a 11.66% return and IVFIX slightly lower at 11.32%.
MDIZX
- 1D
- 0.39%
- 1M
- 2.14%
- 6M
- 5.73%
- YTD
- 11.66%
- 1Y
- 21.72%
- 3Y*
- 16.36%
- 5Y*
- 7.61%
- 10Y*
- —
- ALL TIME*
- 8.78%
IVFIX
- 1D
- -0.20%
- 1M
- 2.48%
- 6M
- 5.50%
- YTD
- 11.32%
- 1Y
- 21.85%
- 3Y*
- 15.74%
- 5Y*
- 10.41%
- 10Y*
- 7.22%
- ALL TIME*
- 3.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MDIZX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDIZX MFS International Diversification Fund R6 | 11.66% | 27.99% | 6.52% | 14.48% | -17.04% | 7.79% | 15.45% | 26.09% | -10.93% | 3.71% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 11.32% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 0.20% |
Correlation
The correlation between MDIZX and IVFIX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.72 |
Over the past year, the correlation between MDIZX and IVFIX has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
MDIZX vs. IVFIX — Risk / Return Rank
MDIZX
IVFIX
MDIZX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Diversification Fund R6 (MDIZX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
| MDIZX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.13 | -2.07 |
| Martin ratioReturn relative to average drawdown | 7.72 | 9.51 | -1.79 |
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Drawdowns
MDIZX vs. IVFIX - Drawdown Comparison
The maximum MDIZX drawdown since its inception was -30.09%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for MDIZX and IVFIX.
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Drawdown Indicators
| MDIZX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -51.49% | +21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.36% | -6.97% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.59% | -10.75% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.09% | -21.29% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.16% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -11.55% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.83% | +0.20% |
Volatility
MDIZX vs. IVFIX - Volatility Comparison
MFS International Diversification Fund R6 (MDIZX) has a higher volatility of 4.03% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 2.66%. This indicates that MDIZX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDIZX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 2.66% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 9.73% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 12.04% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 13.14% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 14.56% | +0.65% |
MDIZX vs. IVFIX - Expense Ratio Comparison
MDIZX has a 0.73% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Dividends
MDIZX vs. IVFIX - Dividend Comparison
MDIZX's dividend yield for the trailing twelve months is around 4.71%, more than IVFIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.55% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
MDIZX MFS International Diversification Fund R6 | 4.71% | 5.26% | 3.61% | 4.24% | 2.76% | 2.79% | 1.72% | 2.57% | 3.23% | 1.66% | 0.00% | 0.00% |
Frequently Asked Questions
MDIZX and IVFIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDIZX has higher volatility (4.03%) compared to IVFIX (2.66%). In terms of maximum drawdown, MDIZX dropped -30.09% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (2.40 vs 1.74), 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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