MIDLX vs. HRIOX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and Hood River International Opportunity Fund (HRIOX).
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. HRIOX is managed by Hood River Capital Management. It was launched on Sep 27, 2021.
Performance
MIDLX vs. HRIOX - Performance Comparison
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MIDLX vs. HRIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | -4.04% | 17.03% | 3.33% | 13.21% | -18.52% | 0.58% |
HRIOX Hood River International Opportunity Fund | 10.79% | 43.32% | 20.19% | 30.74% | -25.86% | 2.01% |
Returns By Period
In the year-to-date period, MIDLX achieves a -4.04% return, which is significantly lower than HRIOX's 10.79% return.
MIDLX
- 1D
- -0.25%
- 1M
- -10.30%
- YTD
- -4.04%
- 6M
- -4.84%
- 1Y
- 9.08%
- 3Y*
- 7.41%
- 5Y*
- 2.30%
- 10Y*
- 6.07%
HRIOX
- 1D
- 4.34%
- 1M
- -9.90%
- YTD
- 10.79%
- 6M
- 17.35%
- 1Y
- 77.60%
- 3Y*
- 32.28%
- 5Y*
- —
- 10Y*
- —
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MIDLX vs. HRIOX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is lower than HRIOX's 1.50% expense ratio.
Return for Risk
MIDLX vs. HRIOX — Risk / Return Rank
MIDLX
HRIOX
MIDLX vs. HRIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and Hood River International Opportunity Fund (HRIOX). 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 | HRIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 3.20 | -2.51 |
Sortino ratioReturn per unit of downside risk | 0.95 | 3.83 | -2.88 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.54 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 5.61 | -4.96 |
Martin ratioReturn relative to average drawdown | 2.45 | 22.51 | -20.06 |
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 | HRIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 3.20 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.73 | -0.20 |
Correlation
The correlation between MIDLX and HRIOX is 0.73, 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. HRIOX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, less than HRIOX's 5.31% 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% |
HRIOX Hood River International Opportunity Fund | 5.31% | 5.88% | 0.16% | 1.44% | 0.00% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIDLX vs. HRIOX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum HRIOX drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for MIDLX and HRIOX.
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Drawdown Indicators
| MIDLX | HRIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -38.76% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -13.78% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -11.75% | -10.04% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -12.71% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.43% | -0.35% |
Volatility
MIDLX vs. HRIOX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while Hood River International Opportunity Fund (HRIOX) has a volatility of 10.97%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than HRIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | HRIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 10.97% | -5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 18.27% | -10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 24.67% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 20.85% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 20.85% | -6.93% |