MFWIX vs. NUGIX

Last updated Jun 24, 2026

MFWIX (MFS Global Total Return Fund Class I) and NUGIX (Nuveen Global Dividend Growth Fund) are both Global Equities funds. Over the past 10 years, MFWIX returned 6.69%/yr vs 9.86%/yr for NUGIX. Their correlation of 0.89 suggests significant overlap in exposure. MFWIX charges 0.84%/yr vs 0.89%/yr for NUGIX.

Performance

MFWIX vs. NUGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Global Total Return Fund Class I (MFWIX) and Nuveen Global Dividend Growth Fund (NUGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFWIX achieves a 4.64% return, which is significantly higher than NUGIX's 3.56% return. Over the past 10 years, MFWIX has underperformed NUGIX with an annualized return of 6.69%, while NUGIX has yielded a comparatively higher 9.86% annualized return.

MFWIX

• 1D: -0.06%
• 1M: 0.00%
• YTD: 4.64%
• 6M: 4.51%
• 1Y: 12.84%
• 3Y*: 10.59%
• 5Y*: 5.12%
• 10Y*: 6.69%

NUGIX

• 1D: -0.45%
• 1M: -0.31%
• YTD: 3.56%
• 6M: 3.39%
• 1Y: 12.34%
• 3Y*: 12.98%
• 5Y*: 8.44%
• 10Y*: 9.86%

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

MFWIX vs. NUGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFWIX MFS Global Total Return Fund Class I	4.64%	15.70%	4.25%	10.52%	-10.62%	8.59%	9.63%	18.49%	-6.96%	15.00%
NUGIX Nuveen Global Dividend Growth Fund	3.56%	11.76%	15.34%	14.49%	-9.86%	19.98%	4.02%	28.15%	-9.00%	19.91%

Correlation

The correlation between MFWIX and NUGIX 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 (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 11, 2012	0.89

The correlation between MFWIX and NUGIX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

MFWIX vs. NUGIX — Risk / Return Rank

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

MFWIX

MFWIX Risk / Return Rank: 39
MFWIX Sharpe Ratio Rank: 43
MFWIX Sortino Ratio Rank: 45
MFWIX Omega Ratio Rank: 43
MFWIX Calmar Ratio Rank: 32
MFWIX Martin Ratio Rank: 33

NUGIX

NUGIX Risk / Return Rank: 21
NUGIX Sharpe Ratio Rank: 21
NUGIX Sortino Ratio Rank: 20
NUGIX Omega Ratio Rank: 20
NUGIX Calmar Ratio Rank: 21
NUGIX Martin Ratio Rank: 25

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.

MFWIX vs. NUGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Global Total Return Fund Class I (MFWIX) and Nuveen Global Dividend Growth Fund (NUGIX). 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.

	MFWIX	NUGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.21	+0.56
Sortino ratio: Return per unit of downside risk	2.59	1.73	+0.86
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	2.00	1.54	+0.46
Martin ratio: Return relative to average drawdown	7.03	5.48	+1.55

MFWIX vs. NUGIX - Sharpe Ratio Comparison

The current MFWIX Sharpe Ratio is 1.78, which is higher than the NUGIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of MFWIX and NUGIX, 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

MFWIX vs. NUGIX - Drawdown Comparison

The maximum MFWIX drawdown since its inception was -33.01%, roughly equal to the maximum NUGIX drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for MFWIX and NUGIX.

Drawdown Indicators

	MFWIX	NUGIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.01%	-33.65%	+0.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	-8.59%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-8.63%	-15.32%	+6.69%
Max Drawdown (5Y) Largest decline over 5 years	-20.22%	-21.20%	+0.98%
Max Drawdown (10Y) Largest decline over 10 years	-23.36%	-33.65%	+10.29%
Current Drawdown Current decline from peak	-1.71%	-1.47%	-0.24%
Average Drawdown Average peak-to-trough decline	-3.81%	-3.55%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.40%	-0.49%

Volatility

MFWIX vs. NUGIX - Volatility Comparison

The current volatility for MFS Global Total Return Fund Class I (MFWIX) is 2.24%, while Nuveen Global Dividend Growth Fund (NUGIX) has a volatility of 3.20%. This indicates that MFWIX experiences smaller price fluctuations and is considered to be less risky than NUGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFWIX	NUGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	3.20%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	5.89%	8.49%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	10.90%	-3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.16%	13.81%	-4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.64%	15.49%	-5.85%

MFWIX vs. NUGIX - Expense Ratio Comparison

MFWIX has a 0.84% expense ratio, which is lower than NUGIX's 0.89% expense ratio.

Dividends

MFWIX vs. NUGIX - Dividend Comparison

MFWIX's dividend yield for the trailing twelve months is around 8.38%, less than NUGIX's 11.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFWIX MFS Global Total Return Fund Class I	8.38%	8.77%	9.36%	3.98%	2.94%	10.71%	7.53%	4.70%	3.64%	2.36%	1.40%	4.59%
NUGIX Nuveen Global Dividend Growth Fund	11.30%	11.74%	7.84%	1.53%	4.27%	7.70%	1.86%	3.76%	4.98%	15.70%	2.02%	1.95%

Frequently Asked Questions

Can I hold both MFWIX and NUGIX in my portfolio?

MFWIX and NUGIX 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, MFWIX or NUGIX?

NUGIX has higher volatility (3.20%) compared to MFWIX (2.24%). In terms of maximum drawdown, MFWIX dropped -33.01% vs NUGIX's -33.65%.

Which has better risk-adjusted returns?

MFWIX currently has the higher Sharpe Ratio (1.78 vs 1.21), 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.