MDIZX vs. JIVE

Last updated Jun 24, 2026

MDIZX (MFS International Diversification Fund R6) and JIVE (Jpmorgan International Value ETF) are both Foreign Large Cap Equities funds. MDIZX is passively managed, while JIVE is actively managed. Over the past year, MDIZX returned 23.16% vs 40.77% for JIVE. Their correlation of 0.86 suggests significant overlap in exposure. MDIZX charges 0.73%/yr vs 0.55%/yr for JIVE.

Performance

MDIZX vs. JIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS International Diversification Fund R6 (MDIZX) and Jpmorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDIZX achieves a 10.08% return, which is significantly lower than JIVE's 14.48% return.

MDIZX

• 1D: -0.13%
• 1M: 1.87%
• YTD: 10.08%
• 6M: 9.84%
• 1Y: 23.16%
• 3Y*: 16.40%
• 5Y*: 7.48%
• 10Y*: —

JIVE

• 1D: -2.26%
• 1M: 0.23%
• YTD: 14.48%
• 6M: 14.57%
• 1Y: 40.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDIZX vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MDIZX MFS International Diversification Fund R6	10.08%	27.99%	6.52%	5.85%
JIVE Jpmorgan International Value ETF	14.48%	49.80%	11.22%	5.36%

Correlation

The correlation between MDIZX and JIVE is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.86

The correlation between MDIZX and JIVE has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

MDIZX vs. JIVE — Risk / Return Rank

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

MDIZX

MDIZX Risk / Return Rank: 40
MDIZX Sharpe Ratio Rank: 44
MDIZX Sortino Ratio Rank: 41
MDIZX Omega Ratio Rank: 45
MDIZX Calmar Ratio Rank: 33
MDIZX Martin Ratio Rank: 37

JIVE

JIVE Risk / Return Rank: 83
JIVE Sharpe Ratio Rank: 87
JIVE Sortino Ratio Rank: 84
JIVE Omega Ratio Rank: 84
JIVE Calmar Ratio Rank: 78
JIVE Martin Ratio Rank: 79

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.

MDIZX vs. JIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS International Diversification Fund R6 (MDIZX) and Jpmorgan International Value ETF (JIVE). 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	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.70	-0.91
Sortino ratio: Return per unit of downside risk	2.49	3.53	-1.04
Omega ratio: Gain probability vs. loss probability	1.34	1.48	-0.15
Calmar ratio: Return relative to maximum drawdown	2.06	3.88	-1.82
Martin ratio: Return relative to average drawdown	7.75	14.85	-7.10

MDIZX vs. JIVE - Sharpe Ratio Comparison

The current MDIZX Sharpe Ratio is 1.79, which is lower than the JIVE Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of MDIZX and JIVE, 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

MDIZX vs. JIVE - Drawdown Comparison

The maximum MDIZX drawdown since its inception was -30.09%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for MDIZX and JIVE.

Drawdown Indicators

	MDIZX	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-30.09%	-13.79%	-16.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	-10.57%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.09%	—	—
Current Drawdown Current decline from peak	-0.20%	-2.81%	+2.61%
Average Drawdown Average peak-to-trough decline	-6.66%	-1.95%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.75%	+0.26%

Volatility

MDIZX vs. JIVE - Volatility Comparison

The current volatility for MFS International Diversification Fund R6 (MDIZX) is 4.89%, while Jpmorgan International Value ETF (JIVE) has a volatility of 5.82%. This indicates that MDIZX experiences smaller price fluctuations and is considered to be less risky than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDIZX	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	5.82%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	11.01%	12.93%	-1.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	15.17%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	15.14%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	15.14%	+0.09%

MDIZX vs. JIVE - Expense Ratio Comparison

MDIZX has a 0.73% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

MDIZX vs. JIVE - Dividend Comparison

MDIZX's dividend yield for the trailing twelve months is around 4.78%, more than JIVE's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIVE Jpmorgan International Value ETF	2.51%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDIZX MFS International Diversification Fund R6	4.78%	5.26%	3.61%	4.24%	2.76%	2.79%	1.72%	2.57%	3.23%	1.66%

Frequently Asked Questions

Can I hold both MDIZX and JIVE in my portfolio?

MDIZX and JIVE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDIZX or JIVE?

JIVE has higher volatility (5.82%) compared to MDIZX (4.89%). In terms of maximum drawdown, MDIZX dropped -30.09% vs JIVE's -13.79%.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.70 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.