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MEIAX vs. ATFV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MEIAX vs. ATFV

Last updated Jun 23, 2026

MEIAX (MFS Value Fund) and ATFV (Alger 35 ETF) are both funds - MEIAX is a Large Cap Value Equities fund managed by MFS, while ATFV is a Large Cap Growth Equities fund tracking the S&P 500. Over the past 5 years, MEIAX returned 8.76%/yr vs 14.28%/yr for ATFV. A 0.50 correlation means they provide meaningful diversification when combined. MEIAX charges 0.80%/yr vs 0.55%/yr for ATFV.

Performance

MEIAX vs. ATFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Value Fund (MEIAX) and Alger 35 ETF (ATFV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MEIAX achieves a 6.36% return, which is significantly lower than ATFV's 17.12% return.

MEIAX

1D
-0.26%
1M
1.30%
YTD
6.36%
6M
5.64%
1Y
15.73%
3Y*
12.65%
5Y*
8.76%
10Y*
9.88%

ATFV

1D
-1.85%
1M
4.20%
YTD
17.12%
6M
14.98%
1Y
47.46%
3Y*
38.51%
5Y*
14.28%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MEIAX vs. ATFV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MEIAX
MFS Value Fund		6.36%12.97%11.60%7.92%-6.25%9.60%
ATFV
Alger 35 ETF		17.12%38.20%46.14%32.75%-35.97%3.03%

Correlation

The correlation between MEIAX and ATFV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (All Time)
Calculated using the full available price history since May 4, 2021

0.50

Over the past year, the correlation between MEIAX and ATFV has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MFS Value Fund

Alger 35 ETF

Often compared with MEIAX:
MEIAX vs. MUTHXMEIAX vs. AMOMMEIAX vs. PLDRMEIAX vs. PEOPXMEIAX vs. BVEFXMEIAX vs. VTVMEIAX vs. MFIOX
Often compared with ATFV:
ATFV vs. CNEQATFV vs. FFOGATFV vs. QPXATFV vs. SPMOATFV vs. VGTATFV vs. VOOATFV vs. ALAI

Return for Risk

MEIAX vs. ATFV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MEIAX
MEIAX Risk / Return Rank: 3434
Overall Rank
MEIAX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
MEIAX Sortino Ratio Rank: 3232
Sortino Ratio Rank
MEIAX Omega Ratio Rank: 2828
Omega Ratio Rank
MEIAX Calmar Ratio Rank: 4242
Calmar Ratio Rank
MEIAX Martin Ratio Rank: 3939
Martin Ratio Rank
ATFV
ATFV Risk / Return Rank: 5555
Overall Rank
ATFV Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ATFV Sortino Ratio Rank: 5555
Sortino Ratio Rank
ATFV Omega Ratio Rank: 5353
Omega Ratio Rank
ATFV Calmar Ratio Rank: 5454
Calmar Ratio Rank
ATFV Martin Ratio Rank: 5252
Martin Ratio Rank
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.

MEIAX vs. ATFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund (MEIAX) and Alger 35 ETF (ATFV). 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.

MEIAXATFVDifference
Sharpe ratioReturn per unit of total volatility
1.49
1.94

-0.45

Sortino ratioReturn per unit of downside risk
2.17
2.57

-0.40

Omega ratioGain probability vs. loss probability

1.26

1.32

-0.06

Calmar ratioReturn relative to maximum drawdown

2.34

2.61

-0.27

Martin ratioReturn relative to average drawdown

8.04

8.73

-0.69

MEIAX vs. ATFV - Sharpe Ratio Comparison

The current MEIAX Sharpe Ratio is 1.49, which is comparable to the ATFV Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of MEIAX and ATFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MEIAX vs. ATFV - Drawdown Comparison

The maximum MEIAX drawdown since its inception was -52.85%, which is greater than ATFV's maximum drawdown of -45.34%. Use the drawdown chart below to compare losses from any high point for MEIAX and ATFV.

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Drawdown Indicators

MEIAXATFVDifference

Max Drawdown

Largest peak-to-trough decline

-52.85%

-45.34%

-7.51%

Max Drawdown (1Y)

Largest decline over 1 year

-6.78%

-18.29%

+11.51%

Max Drawdown (3Y)

Largest decline over 3 years

-13.26%

-29.01%

+15.75%

Max Drawdown (5Y)

Largest decline over 5 years

-17.72%

-45.34%

+27.62%

Max Drawdown (10Y)

Largest decline over 10 years

-36.71%

—

—

Current Drawdown

Current decline from peak

-1.42%

-2.17%

+0.75%

Average Drawdown

Average peak-to-trough decline

-6.53%

-17.69%

+11.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

5.45%

-3.48%

Volatility

MEIAX vs. ATFV - Volatility Comparison

The current volatility for MFS Value Fund (MEIAX) is 3.21%, while Alger 35 ETF (ATFV) has a volatility of 10.78%. This indicates that MEIAX experiences smaller price fluctuations and is considered to be less risky than ATFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MEIAXATFVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

10.78%

-7.57%

Volatility (6M)

Calculated over the trailing 6-month period

7.89%

19.20%

-11.31%

Volatility (1Y)

Calculated over the trailing 1-year period

10.65%

24.65%

-14.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.94%

26.90%

-12.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.56%

26.72%

-10.16%

MEIAX vs. ATFV - Expense Ratio Comparison

MEIAX has a 0.80% expense ratio, which is higher than ATFV's 0.55% expense ratio.

Dividends

MEIAX vs. ATFV - Dividend Comparison

MEIAX's dividend yield for the trailing twelve months is around 8.96%, more than ATFV's 0.17% yield.

PositionTTM20252024202320222021202020192018201720162015
ATFV
Alger 35 ETF		0.17%0.20%0.16%0.01%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MEIAX
MFS Value Fund		8.96%9.34%9.10%8.21%7.36%3.10%2.42%2.97%3.36%3.87%2.84%5.73%

Frequently Asked Questions

MEIAX and ATFV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATFV has higher volatility (10.78%) compared to MEIAX (3.21%). In terms of maximum drawdown, MEIAX dropped -52.85% vs ATFV's -45.34%.

ATFV currently has the higher Sharpe Ratio (1.94 vs 1.49), 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.

Portfolio Optimizer

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