MFEGX vs. XLG

Last updated Aug 1, 2026

MFEGX (MFS Growth Fund Class A) and XLG (Invesco S&P 500 Top 50 ETF) are both funds - MFEGX is a Large Cap Growth Equities fund tracking the Russell 1000® Growth Index, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Both are passively managed. Over the past 10 years, MFEGX returned 16.90%/yr vs 16.35%/yr for XLG. Their correlation of 0.91 means they have usually moved in the same direction. MFEGX charges 0.83%/yr vs 0.20%/yr for XLG.

Performance

MFEGX vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Growth Fund Class A (MFEGX) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFEGX achieves a 0.56% return, which is significantly lower than XLG's 2.89% return. Both investments have delivered pretty close results over the past 10 years, with MFEGX having a 16.90% annualized return and XLG not far behind at 16.35%.

MFEGX

• 1D: 2.48%
• 1M: -1.80%
• 6M: 1.63%
• YTD: 0.56%
• 1Y: 3.83%
• 3Y*: 22.23%
• 5Y*: 10.92%
• 10Y*: 16.90%
• ALL TIME*: 10.87%

XLG

• 1D: 1.06%
• 1M: 0.07%
• 6M: 3.36%
• YTD: 2.89%
• 1Y: 15.84%
• 3Y*: 20.00%
• 5Y*: 13.72%
• 10Y*: 16.35%
• ALL TIME*: 11.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MFEGX MFS Growth Fund Class A	$0.00	$0.00	$0.00
XLG Invesco S&P 500 Top 50 ETF	$61.04M	$60.71M	$102.52M

MFEGX vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFEGX MFS Growth Fund Class A	0.56%	12.06%	51.46%	35.81%	-31.31%	23.28%	36.29%	37.35%	2.04%	30.52%
XLG Invesco S&P 500 Top 50 ETF	2.89%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%

Correlation

The correlation between MFEGX and XLG is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since May 10, 2005	0.91

The correlation between MFEGX and XLG has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

MFEGX vs. XLG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFEGX

MFEGX Risk / Return Rank: 6
MFEGX Sharpe Ratio Rank: 6
MFEGX Sortino Ratio Rank: 6
MFEGX Omega Ratio Rank: 6
MFEGX Calmar Ratio Rank: 6
MFEGX Martin Ratio Rank: 6

XLG

XLG Risk / Return Rank: 35
XLG Sharpe Ratio Rank: 37
XLG Sortino Ratio Rank: 36
XLG Omega Ratio Rank: 35
XLG Calmar Ratio Rank: 33
XLG Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFEGX vs. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Growth Fund Class A (MFEGX) and Invesco S&P 500 Top 50 ETF (XLG). 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.

	MFEGX	XLG	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.92	-0.80
Sortino ratio: Return per unit of downside risk	0.29	1.35	-1.06
Omega ratio: Gain probability vs. loss probability	1.03	1.17	-0.13
Calmar ratio: Return relative to maximum drawdown	0.12	1.10	-0.97
Martin ratio: Return relative to average drawdown	0.38	3.41	-3.04

MFEGX vs. XLG - Sharpe Ratio Comparison

The current MFEGX Sharpe Ratio is 0.12, which is lower than the XLG Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of MFEGX and XLG, 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

MFEGX vs. XLG - Drawdown Comparison

The maximum MFEGX drawdown since its inception was -72.42%, which is greater than XLG's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for MFEGX and XLG.

Drawdown Indicators

	MFEGX	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-72.42%	-52.39%	-20.03%
Max Drawdown (1Y) Largest decline over 1 year	-17.39%	-12.41%	-4.98%
Max Drawdown (3Y) Largest decline over 3 years	-23.28%	-20.70%	-2.58%
Max Drawdown (5Y) Largest decline over 5 years	-36.27%	-28.02%	-8.25%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-30.46%	-5.81%
Current Drawdown Current decline from peak	-5.62%	-5.74%	+0.12%
Average Drawdown Average peak-to-trough decline	-22.14%	-7.62%	-14.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	3.98%	+1.62%

Volatility

MFEGX vs. XLG - Volatility Comparison

MFS Growth Fund Class A (MFEGX) and Invesco S&P 500 Top 50 ETF (XLG) have volatilities of 5.28% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFEGX	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	5.03%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	11.54%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	14.75%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	18.89%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	18.92%	+2.54%

MFEGX vs. XLG - Expense Ratio Comparison

MFEGX has a 0.83% expense ratio, which is higher than XLG's 0.20% expense ratio.

Dividends

MFEGX vs. XLG - Dividend Comparison

MFEGX's dividend yield for the trailing twelve months is around 14.44%, more than XLG's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFEGX MFS Growth Fund Class A	14.44%	16.88%	28.04%	5.30%	1.14%	2.98%	7.45%	1.68%	3.96%	2.65%	1.68%	3.84%
XLG Invesco S&P 500 Top 50 ETF	0.65%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both MFEGX and XLG in my portfolio?

With a correlation of 0.95, MFEGX and XLG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MFEGX or XLG?

MFEGX has higher volatility (5.28%) compared to XLG (5.03%). In terms of maximum drawdown, MFEGX dropped -72.42% vs XLG's -52.39%.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (0.92 vs 0.12), 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.