MFSI vs. MFSG

Last updated Jun 24, 2026

MFSI (MFS Active International ETF) and MFSG (MFS Active Growth ETF) are both exchange-traded funds - MFSI is a Foreign Large Cap Equities fund actively managed by MFS, while MFSG is a Large Cap Growth Equities fund actively managed by MFS. Both are actively managed. Over the past year, MFSI returned 16.18% vs 16.83% for MFSG. A 0.65 correlation means they provide meaningful diversification when combined. MFSI charges 0.59%/yr vs 0.49%/yr for MFSG.

Performance

MFSI vs. MFSG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with MFSI having a 4.60% return and MFSG slightly lower at 4.40%.

MFSI

• 1D: -1.91%
• 1M: -0.38%
• YTD: 4.60%
• 6M: 4.43%
• 1Y: 16.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MFSG

• 1D: -2.25%
• 1M: -1.57%
• YTD: 4.40%
• 6M: 3.43%
• 1Y: 16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFSI vs. MFSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MFSI MFS Active International ETF	4.60%	26.43%	-3.45%
MFSG MFS Active Growth ETF	4.40%	14.51%	-2.99%

Correlation

The correlation between MFSI and MFSG is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.65

The correlation between MFSI and MFSG has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

Return for Risk

MFSI vs. MFSG — Risk / Return Rank

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

MFSI

MFSI Risk / Return Rank: 33
MFSI Sharpe Ratio Rank: 32
MFSI Sortino Ratio Rank: 31
MFSI Omega Ratio Rank: 31
MFSI Calmar Ratio Rank: 31
MFSI Martin Ratio Rank: 38

MFSG

MFSG Risk / Return Rank: 27
MFSG Sharpe Ratio Rank: 30
MFSG Sortino Ratio Rank: 28
MFSG Omega Ratio Rank: 28
MFSG Calmar Ratio Rank: 24
MFSG Martin Ratio Rank: 28

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. MFSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Active International ETF (MFSI) and MFS Active Growth ETF (MFSG). 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	MFSG	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.99	+0.09
Sortino ratio: Return per unit of downside risk	1.57	1.43	+0.14
Omega ratio: Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio: Return relative to maximum drawdown	1.45	1.05	+0.41
Martin ratio: Return relative to average drawdown	5.39	3.60	+1.79

MFSI vs. MFSG - Sharpe Ratio Comparison

The current MFSI Sharpe Ratio is 1.07, which is comparable to the MFSG Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of MFSI and MFSG, 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. MFSG - Drawdown Comparison

The maximum MFSI drawdown since its inception was -13.67%, smaller than the maximum MFSG drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for MFSI and MFSG.

Drawdown Indicators

	MFSI	MFSG	Difference
Max Drawdown Largest peak-to-trough decline	-13.67%	-23.24%	+9.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-16.15%	+4.98%
Current Drawdown Current decline from peak	-3.13%	-3.90%	+0.77%
Average Drawdown Average peak-to-trough decline	-1.97%	-4.60%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	4.69%	-1.68%

Volatility

MFSI vs. MFSG - Volatility Comparison

The current volatility for MFS Active International ETF (MFSI) is 5.13%, while MFS Active Growth ETF (MFSG) has a volatility of 7.08%. This indicates that MFSI experiences smaller price fluctuations and is considered to be less risky than MFSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFSI	MFSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	7.08%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	13.78%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	17.18%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	21.98%	-5.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	21.98%	-5.52%

MFSI vs. MFSG - Expense Ratio Comparison

MFSI has a 0.59% expense ratio, which is higher than MFSG's 0.49% expense ratio.

Dividends

MFSI vs. MFSG - Dividend Comparison

MFSI's dividend yield for the trailing twelve months is around 0.77%, more than MFSG's 0.07% yield.

Position	TTM	2025
MFSG MFS Active Growth ETF	0.07%	0.08%
MFSI MFS Active International ETF	0.77%	0.81%

Frequently Asked Questions

Can I hold both MFSI and MFSG in my portfolio?

MFSI and MFSG have a correlation of 0.67, 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 MFSG?

MFSG has higher volatility (7.08%) compared to MFSI (5.13%). In terms of maximum drawdown, MFSI dropped -13.67% vs MFSG's -23.24%.

Which ETF is better, MFSI or MFSG?

On 1-year performance, MFSG leads with 16.83% vs 16.18% for MFSI. On fees, MFSG is cheaper at 0.49% per year. On volatility, MFSI has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MFSI or MFSG?

Over the 1-year period, MFSG has performed better with a 16.83% return vs 16.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MFSI or MFSG?

MFSG is cheaper with a 0.49% expense ratio, compared with 0.59% for MFSI.

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

MFSI has the higher dividend yield at 0.77%, compared with 0.07% for MFSG.

What is the main difference between MFSI and MFSG?

MFSI is categorized as Foreign Large Cap Equities, while MFSG is Large Cap Growth Equities. Their fees differ too: 0.59% for MFSI and 0.49% for MFSG.

Which has better risk-adjusted returns?

MFSI currently has the higher Sharpe Ratio (1.07 vs 0.99), 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.