MGRAX vs. FSPSX
Compare and contrast key facts about MFS International Growth Fund (MGRAX) and Fidelity International Index Fund (FSPSX).
MGRAX is managed by MFS. It was launched on Oct 23, 1995. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGRAX or FSPSX.
Correlation
The correlation between MGRAX and FSPSX 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.
Performance
MGRAX vs. FSPSX - Performance Comparison
Key characteristics
MGRAX:
0.86
FSPSX:
0.90
MGRAX:
1.23
FSPSX:
1.33
MGRAX:
1.17
FSPSX:
1.18
MGRAX:
0.78
FSPSX:
1.12
MGRAX:
2.16
FSPSX:
3.23
MGRAX:
6.20%
FSPSX:
4.69%
MGRAX:
15.61%
FSPSX:
16.79%
MGRAX:
-53.93%
FSPSX:
-33.69%
MGRAX:
-3.73%
FSPSX:
0.00%
Returns By Period
In the year-to-date period, MGRAX achieves a 10.13% return, which is significantly lower than FSPSX's 13.88% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MGRAX at 5.86% and FSPSX at 5.86%.
MGRAX
10.13%
11.45%
1.49%
10.93%
8.35%
5.86%
FSPSX
13.88%
14.53%
10.02%
12.76%
12.54%
5.86%
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MGRAX vs. FSPSX - Expense Ratio Comparison
MGRAX has a 1.06% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
MGRAX vs. FSPSX — Risk-Adjusted Performance Rank
MGRAX
FSPSX
MGRAX vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Growth Fund (MGRAX) and Fidelity International Index Fund (FSPSX). 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.
Dividends
MGRAX vs. FSPSX - Dividend Comparison
MGRAX's dividend yield for the trailing twelve months is around 1.20%, less than FSPSX's 2.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRAX MFS International Growth Fund | 1.20% | 1.32% | 1.19% | 0.86% | 0.73% | 0.56% | 0.94% | 0.98% | 0.69% | 1.01% | 1.00% | 3.58% |
FSPSX Fidelity International Index Fund | 2.55% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.36% | 2.99% | 2.79% | 3.53% |
Drawdowns
MGRAX vs. FSPSX - Drawdown Comparison
The maximum MGRAX drawdown since its inception was -53.93%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for MGRAX and FSPSX. For additional features, visit the drawdowns tool.
Volatility
MGRAX vs. FSPSX - Volatility Comparison
The current volatility for MFS International Growth Fund (MGRAX) is 8.63%, while Fidelity International Index Fund (FSPSX) has a volatility of 10.95%. This indicates that MGRAX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.