MEMAX vs. MEIIX

Last updated Apr 1, 2026

Compare and contrast key facts about MFS Emerging Markets Equity Fund (MEMAX) and MFS Value Fund Class I (MEIIX).

MEMAX is managed by MFS. It was launched on Oct 23, 1995. MEIIX is managed by MFS. It was launched on Feb 1, 1996.

Performance

MEMAX vs. MEIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Emerging Markets Equity Fund (MEMAX) and MFS Value Fund Class I (MEIIX). The values are adjusted to include any dividend payments, if applicable.

MEMAX vs. MEIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEMAX MFS Emerging Markets Equity Fund	-1.90%	33.44%	10.96%	10.89%	-20.10%	-6.98%	10.17%	19.81%	-14.02%	37.38%
MEIIX MFS Value Fund Class I	-0.56%	13.26%	11.86%	8.21%	-6.02%	25.43%	3.99%	30.04%	-9.90%	17.20%

Returns By Period

In the year-to-date period, MEMAX achieves a -1.90% return, which is significantly lower than MEIIX's -0.56% return. Over the past 10 years, MEMAX has underperformed MEIIX with an annualized return of 7.18%, while MEIIX has yielded a comparatively higher 9.72% annualized return.

MEMAX

• 1D: -0.59%
• 1M: -11.30%
• YTD: -1.90%
• 6M: 2.48%
• 1Y: 24.93%
• 3Y*: 14.73%
• 5Y*: 3.13%
• 10Y*: 7.18%

MEIIX

• 1D: 0.22%
• 1M: -6.34%
• YTD: -0.56%
• 6M: 1.67%
• 1Y: 8.35%
• 3Y*: 11.42%
• 5Y*: 8.14%
• 10Y*: 9.72%

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

MEMAX vs. MEIIX - Expense Ratio Comparison

MEMAX has a 1.31% expense ratio, which is higher than MEIIX's 0.55% expense ratio.

MEMAX

MFS Emerging Markets Equity Fund

MEIIX

MFS Value Fund Class I

Return for Risk

MEMAX vs. MEIIX — Risk / Return Rank

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

MEMAX

MEMAX Risk / Return Rank: 79
MEMAX Sharpe Ratio Rank: 83
MEMAX Sortino Ratio Rank: 81
MEMAX Omega Ratio Rank: 78
MEMAX Calmar Ratio Rank: 77
MEMAX Martin Ratio Rank: 75

MEIIX

MEIIX Risk / Return Rank: 28
MEIIX Sharpe Ratio Rank: 28
MEIIX Sortino Ratio Rank: 27
MEIIX Omega Ratio Rank: 27
MEIIX Calmar Ratio Rank: 27
MEIIX Martin Ratio Rank: 32

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.

MEMAX vs. MEIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Emerging Markets Equity Fund (MEMAX) and MFS Value Fund Class I (MEIIX). 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.

	MEMAX	MEIIX	Difference
Sharpe ratio Return per unit of total volatility	1.57	0.65	+0.92
Sortino ratio Return per unit of downside risk	2.06	0.97	+1.09
Omega ratio Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio Return relative to maximum drawdown	1.82	0.77	+1.04
Martin ratio Return relative to average drawdown	7.18	3.43	+3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEMAX vs. MEIIX - Sharpe Ratio Comparison

The current MEMAX Sharpe Ratio is 1.57, which is higher than the MEIIX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of MEMAX and MEIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MEMAX	MEIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	0.65	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.59	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.59	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.56	-0.26

Correlation

The correlation between MEMAX and MEIIX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MEMAX vs. MEIIX - Dividend Comparison

MEMAX's dividend yield for the trailing twelve months is around 2.52%, less than MEIIX's 9.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEMAX MFS Emerging Markets Equity Fund	2.52%	2.47%	2.41%	2.48%	0.99%	1.97%	0.53%	1.64%	0.47%	0.09%	0.54%	0.14%
MEIIX MFS Value Fund Class I	9.77%	9.52%	9.30%	8.41%	7.58%	3.32%	2.63%	3.17%	3.62%	4.04%	2.91%	5.97%

Drawdowns

MEMAX vs. MEIIX - Drawdown Comparison

The maximum MEMAX drawdown since its inception was -67.04%, which is greater than MEIIX's maximum drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for MEMAX and MEIIX.

Drawdown Indicators

	MEMAX	MEIIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-52.64%	-14.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-11.10%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-41.01%	-17.58%	-23.43%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-36.70%	-5.62%
Current Drawdown Current decline from peak	-12.27%	-6.55%	-5.72%
Average Drawdown Average peak-to-trough decline	-19.79%	-6.58%	-13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.51%	+0.60%

Volatility

MEMAX vs. MEIIX - Volatility Comparison

MFS Emerging Markets Equity Fund (MEMAX) has a higher volatility of 6.57% compared to MFS Value Fund Class I (MEIIX) at 3.11%. This indicates that MEMAX's price experiences larger fluctuations and is considered to be riskier than MEIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEMAX	MEIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	3.11%	+3.46%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	7.68%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	14.78%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	13.90%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	16.55%	-0.04%