MFSI vs. IFLO

Last updated Jul 14, 2026

MFSI (MFS Active International ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, MFSI returned 14.92% vs 31.49% for IFLO. Their correlation of 0.84 suggests significant overlap in exposure. MFSI charges 0.59%/yr vs 0.56%/yr for IFLO.

Performance

MFSI vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Active International ETF (MFSI) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFSI achieves a 6.01% return, which is significantly lower than IFLO's 18.32% return.

MFSI

• 1D: -1.07%
• 1M: -0.34%
• 6M: 2.95%
• YTD: 6.01%
• 1Y: 14.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFSI vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
MFSI MFS Active International ETF	6.01%	9.96%
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%

Correlation

The correlation between MFSI and IFLO is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.84

The correlation between MFSI and IFLO has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

MFSI vs. IFLO — Risk / Return Rank

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

MFSI

MFSI Risk / Return Rank: 34
MFSI Sharpe Ratio Rank: 33
MFSI Sortino Ratio Rank: 33
MFSI Omega Ratio Rank: 32
MFSI Calmar Ratio Rank: 33
MFSI Martin Ratio Rank: 39

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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.

MFSI vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Active International ETF (MFSI) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	MFSI	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.16	-1.17
Sortino ratio: Return per unit of downside risk	1.45	3.13	-1.68
Omega ratio: Gain probability vs. loss probability	1.18	1.39	-0.21
Calmar ratio: Return relative to maximum drawdown	1.34	4.91	-3.57
Martin ratio: Return relative to average drawdown	4.93	16.50	-11.57

MFSI vs. IFLO - Sharpe Ratio Comparison

The current MFSI Sharpe Ratio is 0.98, which is lower than the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of MFSI and IFLO, 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

MFSI vs. IFLO - Drawdown Comparison

The maximum MFSI drawdown since its inception was -13.67%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for MFSI and IFLO.

Drawdown Indicators

	MFSI	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-13.67%	-6.44%	-7.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-6.44%	-4.73%
Current Drawdown Current decline from peak	-2.27%	-2.22%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.96%	-1.29%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.91%	+1.12%

Volatility

MFSI vs. IFLO - Volatility Comparison

MFS Active International ETF (MFSI) and VictoryShares International Free Cash Flow ETF (IFLO) have volatilities of 4.71% and 4.77%, 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

	MFSI	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.77%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	12.05%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	14.71%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	14.61%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	14.61%	+1.77%

MFSI vs. IFLO - Expense Ratio Comparison

MFSI has a 0.59% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

MFSI vs. IFLO - Dividend Comparison

MFSI's dividend yield for the trailing twelve months is around 0.76%, less than IFLO's 1.57% yield.

Position	TTM	2025
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%
MFSI MFS Active International ETF	0.76%	0.81%

Frequently Asked Questions

Can I hold both MFSI and IFLO in my portfolio?

MFSI and IFLO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFSI or IFLO?

IFLO has higher volatility (4.77%) compared to MFSI (4.71%). In terms of maximum drawdown, MFSI dropped -13.67% vs IFLO's -6.44%.

Which ETF is better, MFSI or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 14.92% for MFSI. On fees, IFLO is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MFSI or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MFSI or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.59% for MFSI.

Which ETF pays a higher dividend yield, MFSI or IFLO?

IFLO has the higher dividend yield at 1.57%, compared with 0.76% for MFSI.

What is the main difference between MFSI and IFLO?

They also come from different issuers: MFS and VictoryShares. Their fees differ too: 0.59% for MFSI and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 0.98), 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.