MIDLX vs. MIEIX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and MFS International Equity Fund Class R6 (MIEIX).
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. MIEIX is managed by MFS. It was launched on Jan 31, 1996.
Performance
MIDLX vs. MIEIX - Performance Comparison
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MIDLX vs. MIEIX - 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% |
MIEIX MFS International Equity Fund Class R6 | -3.84% | 23.22% | 4.13% | 19.06% | -14.82% | 15.13% | 11.11% | 28.42% | -10.66% | 28.01% |
Returns By Period
The year-to-date returns for both investments are quite close, with MIDLX having a -4.04% return and MIEIX slightly higher at -3.84%. Over the past 10 years, MIDLX has underperformed MIEIX with an annualized return of 6.07%, while MIEIX has yielded a comparatively higher 9.35% 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%
MIEIX
- 1D
- 2.90%
- 1M
- -6.16%
- YTD
- -3.84%
- 6M
- -1.01%
- 1Y
- 10.82%
- 3Y*
- 10.14%
- 5Y*
- 7.09%
- 10Y*
- 9.35%
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MIDLX vs. MIEIX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is higher than MIEIX's 0.68% expense ratio.
Return for Risk
MIDLX vs. MIEIX — Risk / Return Rank
MIDLX
MIEIX
MIDLX vs. MIEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and MFS International Equity Fund Class R6 (MIEIX). 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 | MIEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.74 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.05 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.87 | -0.23 |
Martin ratioReturn relative to average drawdown | 2.45 | 3.23 | -0.77 |
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 | MIEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.74 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.47 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.59 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.45 | +0.09 |
Correlation
The correlation between MIDLX and MIEIX is 0.89, 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. MIEIX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, more than MIEIX's 2.79% 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% |
MIEIX MFS International Equity Fund Class R6 | 2.79% | 2.68% | 1.47% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% |
Drawdowns
MIDLX vs. MIEIX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum MIEIX drawdown of -53.13%. Use the drawdown chart below to compare losses from any high point for MIDLX and MIEIX.
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Drawdown Indicators
| MIDLX | MIEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -53.13% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -11.26% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -28.07% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -31.35% | -3.35% |
Current DrawdownCurrent decline from peak | -11.75% | -8.25% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -9.01% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.04% | +0.04% |
Volatility
MIDLX vs. MIEIX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while MFS International Equity Fund Class R6 (MIEIX) has a volatility of 6.65%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | MIEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 6.65% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 9.84% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 15.13% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 15.29% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.92% | -2.00% |