MIDLX vs. DISMX
MIDLX (MFS International New Discovery Fund Class R6) and DISMX (DFA International Small Cap Growth Portfolio) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, MIDLX returned 6.91%/yr vs 7.24%/yr for DISMX. Their correlation of 0.92 means they have usually moved in the same direction. MIDLX charges 0.91%/yr vs 0.53%/yr for DISMX.
Performance
MIDLX vs. DISMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MIDLX having a 8.82% return and DISMX slightly lower at 8.56%. Both investments have delivered pretty close results over the past 10 years, with MIDLX having a 6.91% annualized return and DISMX not far ahead at 7.24%.
MIDLX
- 1D
- 2.00%
- 1M
- 1.55%
- 6M
- 5.05%
- YTD
- 8.82%
- 1Y
- 11.67%
- 3Y*
- 10.47%
- 5Y*
- 3.73%
- 10Y*
- 6.91%
- ALL TIME*
- 7.86%
DISMX
- 1D
- 2.36%
- 1M
- 1.37%
- 6M
- 3.54%
- YTD
- 8.56%
- 1Y
- 14.50%
- 3Y*
- 12.79%
- 5Y*
- 2.49%
- 10Y*
- 7.24%
- ALL TIME*
- 7.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIDLX vs. DISMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | 8.82% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
DISMX DFA International Small Cap Growth Portfolio | 8.56% | 27.95% | 1.30% | 11.55% | -25.16% | 9.27% | 16.42% | 25.78% | -17.96% | 34.06% |
Correlation
The correlation between MIDLX and DISMX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.92 |
The correlation between MIDLX and DISMX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
MIDLX vs. DISMX — Risk / Return Rank
MIDLX
DISMX
MIDLX vs. DISMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and DFA International Small Cap Growth Portfolio (DISMX). 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.
| MIDLX | DISMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.21 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.24 | 4.40 | -1.16 |
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Drawdowns
MIDLX vs. DISMX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum DISMX drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for MIDLX and DISMX.
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Drawdown Indicators
| MIDLX | DISMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -41.53% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -12.22% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -14.15% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -41.53% | +7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -41.53% | +6.83% |
Current DrawdownCurrent decline from peak | -0.03% | -0.39% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -10.41% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.34% | +0.18% |
Volatility
MIDLX vs. DISMX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 3.80%, while DFA International Small Cap Growth Portfolio (DISMX) has a volatility of 4.40%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than DISMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | DISMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 4.40% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 12.65% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 15.00% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 16.87% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 16.19% | -2.44% |
MIDLX vs. DISMX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is higher than DISMX's 0.53% expense ratio.
Dividends
MIDLX vs. DISMX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.10%, more than DISMX's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DISMX DFA International Small Cap Growth Portfolio | 1.87% | 1.98% | 2.48% | 2.15% | 2.17% | 1.89% | 1.11% | 2.31% | 5.59% | 3.79% | 1.73% | 2.75% |
MIDLX MFS International New Discovery Fund Class R6 | 3.10% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
Frequently Asked Questions
With a correlation of 0.90, MIDLX and DISMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DISMX has higher volatility (4.40%) compared to MIDLX (3.80%). In terms of maximum drawdown, MIDLX dropped -34.70% vs DISMX's -41.53%.
DISMX currently has the higher Sharpe Ratio (0.99 vs 0.92), 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.
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