MGIAX vs. HEFA
Compare and contrast key facts about MFS International Intrinsic Value Fund (MGIAX) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
MGIAX is managed by MFS. It was launched on Oct 23, 1995. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014.
Performance
MGIAX vs. HEFA - Performance Comparison
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MGIAX vs. HEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGIAX MFS International Intrinsic Value Fund | 1.17% | 32.75% | 7.07% | 17.76% | -23.24% | 10.25% | 20.16% | 25.57% | -9.22% | 26.82% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.21% | 24.58% | 13.71% | 20.33% | -4.86% | 19.59% | 2.09% | 27.63% | -9.33% | 16.67% |
Returns By Period
In the year-to-date period, MGIAX achieves a 1.17% return, which is significantly lower than HEFA's 4.21% return. Over the past 10 years, MGIAX has underperformed HEFA with an annualized return of 9.80%, while HEFA has yielded a comparatively higher 12.33% annualized return.
MGIAX
- 1D
- 1.47%
- 1M
- -2.69%
- YTD
- 1.17%
- 6M
- 4.70%
- 1Y
- 23.18%
- 3Y*
- 15.82%
- 5Y*
- 7.53%
- 10Y*
- 9.80%
HEFA
- 1D
- -0.02%
- 1M
- -0.58%
- YTD
- 4.21%
- 6M
- 10.79%
- 1Y
- 24.14%
- 3Y*
- 17.50%
- 5Y*
- 13.08%
- 10Y*
- 12.33%
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MGIAX vs. HEFA - Expense Ratio Comparison
MGIAX has a 0.96% expense ratio, which is higher than HEFA's 0.35% expense ratio.
Return for Risk
MGIAX vs. HEFA — Risk / Return Rank
MGIAX
HEFA
MGIAX vs. HEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Intrinsic Value Fund (MGIAX) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.
| MGIAX | HEFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.45 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.03 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.07 | -0.15 |
Martin ratioReturn relative to average drawdown | 7.47 | 8.79 | -1.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGIAX | HEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.45 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.96 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.64 | -0.10 |
Correlation
The correlation between MGIAX and HEFA is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MGIAX vs. HEFA - Dividend Comparison
MGIAX's dividend yield for the trailing twelve months is around 8.19%, more than HEFA's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGIAX MFS International Intrinsic Value Fund | 8.19% | 8.28% | 12.79% | 11.81% | 14.57% | 7.59% | 5.30% | 3.89% | 4.41% | 2.48% | 1.62% | 3.10% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 4.22% | 4.40% | 3.09% | 3.02% | 25.14% | 3.06% | 2.10% | 7.56% | 4.58% | 2.55% | 3.17% | 3.54% |
Drawdowns
MGIAX vs. HEFA - Drawdown Comparison
The maximum MGIAX drawdown since its inception was -51.94%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for MGIAX and HEFA.
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Drawdown Indicators
| MGIAX | HEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -32.39% | -19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.52% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -37.13% | -14.79% | -22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.13% | -32.39% | -4.74% |
Current DrawdownCurrent decline from peak | -7.82% | -4.60% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -4.21% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.74% | +0.46% |
Volatility
MGIAX vs. HEFA - Volatility Comparison
MFS International Intrinsic Value Fund (MGIAX) has a higher volatility of 6.27% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 5.79%. This indicates that MGIAX's price experiences larger fluctuations and is considered to be riskier than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGIAX | HEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 5.79% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.66% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 16.72% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 13.66% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 15.90% | -0.32% |