MIDLX vs. DRIOX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and Driehaus International Small Cap Growth Fund (DRIOX).
MIDLX is a passively managed fund by MFS that tracks the performance of the MSCI All Country World ex-US Small Mid Cap Index. It was launched on Jun 1, 2012. DRIOX is managed by Driehaus. It was launched on Sep 16, 2007.
Performance
MIDLX vs. DRIOX - Performance Comparison
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MIDLX vs. DRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | -4.04% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
DRIOX Driehaus International Small Cap Growth Fund | -5.42% | 28.93% | 3.15% | 11.96% | -24.37% | 12.44% | 29.84% | 30.41% | -17.03% | 41.53% |
Returns By Period
In the year-to-date period, MIDLX achieves a -4.04% return, which is significantly higher than DRIOX's -5.42% return. Over the past 10 years, MIDLX has underperformed DRIOX with an annualized return of 6.07%, while DRIOX has yielded a comparatively higher 8.60% annualized return.
MIDLX
- 1D
- -0.25%
- 1M
- -11.75%
- YTD
- -4.04%
- 6M
- -4.78%
- 1Y
- 9.51%
- 3Y*
- 7.41%
- 5Y*
- 2.30%
- 10Y*
- 6.07%
DRIOX
- 1D
- -0.73%
- 1M
- -14.47%
- YTD
- -5.42%
- 6M
- -4.72%
- 1Y
- 21.81%
- 3Y*
- 10.80%
- 5Y*
- 2.84%
- 10Y*
- 8.60%
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MIDLX vs. DRIOX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is lower than DRIOX's 1.16% expense ratio.
Return for Risk
MIDLX vs. DRIOX — Risk / Return Rank
MIDLX
DRIOX
MIDLX vs. DRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and Driehaus International Small Cap Growth Fund (DRIOX). 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.
| MIDLX | DRIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.17 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.62 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.29 | -0.64 |
Martin ratioReturn relative to average drawdown | 2.45 | 5.03 | -2.58 |
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
| MIDLX | DRIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.17 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.12 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.42 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.34 | +0.20 |
Correlation
The correlation between MIDLX and DRIOX is 0.87, 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
MIDLX vs. DRIOX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, more than DRIOX's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | 3.51% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
DRIOX Driehaus International Small Cap Growth Fund | 1.13% | 1.06% | 0.51% | 1.16% | 5.94% | 27.01% | 8.26% | 0.77% | 16.19% | 15.63% | 0.00% | 2.72% |
Drawdowns
MIDLX vs. DRIOX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum DRIOX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for MIDLX and DRIOX.
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Drawdown Indicators
| MIDLX | DRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -59.68% | +24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -14.47% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -47.73% | +14.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -47.73% | +13.03% |
Current DrawdownCurrent decline from peak | -11.75% | -14.47% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -15.41% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.70% | -0.62% |
Volatility
MIDLX vs. DRIOX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while Driehaus International Small Cap Growth Fund (DRIOX) has a volatility of 7.56%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than DRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | DRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 7.56% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 12.07% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 17.57% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 23.67% | -10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 20.76% | -6.84% |