MIDLX vs. RYIPX
Compare and contrast key facts about MFS International New Discovery Fund Class R6 (MIDLX) and Royce International Premier Fund (RYIPX).
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. RYIPX is managed by Royce Investment Partners. It was launched on Dec 30, 2010.
Performance
MIDLX vs. RYIPX - Performance Comparison
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MIDLX vs. RYIPX - 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% |
RYIPX Royce International Premier Fund | -9.99% | 9.37% | -7.37% | 7.68% | -27.27% | 5.77% | 15.74% | 34.22% | -12.76% | 39.80% |
Returns By Period
In the year-to-date period, MIDLX achieves a -4.04% return, which is significantly higher than RYIPX's -9.99% return. Over the past 10 years, MIDLX has outperformed RYIPX with an annualized return of 6.07%, while RYIPX has yielded a comparatively lower 3.74% 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%
RYIPX
- 1D
- -0.43%
- 1M
- -10.69%
- YTD
- -9.99%
- 6M
- -13.08%
- 1Y
- -1.35%
- 3Y*
- -2.90%
- 5Y*
- -4.98%
- 10Y*
- 3.74%
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MIDLX vs. RYIPX - Expense Ratio Comparison
MIDLX has a 0.91% expense ratio, which is lower than RYIPX's 1.44% expense ratio.
Return for Risk
MIDLX vs. RYIPX — Risk / Return Rank
MIDLX
RYIPX
MIDLX vs. RYIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International New Discovery Fund Class R6 (MIDLX) and Royce International Premier Fund (RYIPX). 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 | RYIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | -0.17 | +0.86 |
Sortino ratioReturn per unit of downside risk | 0.95 | -0.13 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.21 | +0.85 |
Martin ratioReturn relative to average drawdown | 2.45 | -0.56 | +3.02 |
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 | RYIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -0.17 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.33 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.25 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.28 | +0.26 |
Correlation
The correlation between MIDLX and RYIPX 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. RYIPX - Dividend Comparison
MIDLX's dividend yield for the trailing twelve months is around 3.51%, more than RYIPX's 0.88% 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% |
RYIPX Royce International Premier Fund | 0.88% | 0.79% | 4.10% | 2.18% | 3.18% | 4.51% | 0.00% | 0.20% | 0.00% | 0.71% | 2.40% | 2.61% |
Drawdowns
MIDLX vs. RYIPX - Drawdown Comparison
The maximum MIDLX drawdown since its inception was -34.70%, smaller than the maximum RYIPX drawdown of -42.14%. Use the drawdown chart below to compare losses from any high point for MIDLX and RYIPX.
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Drawdown Indicators
| MIDLX | RYIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -42.14% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -16.68% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -33.58% | -42.14% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -42.14% | +7.44% |
Current DrawdownCurrent decline from peak | -11.75% | -34.81% | +23.06% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -12.18% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 6.17% | -3.09% |
Volatility
MIDLX vs. RYIPX - Volatility Comparison
The current volatility for MFS International New Discovery Fund Class R6 (MIDLX) is 5.06%, while Royce International Premier Fund (RYIPX) has a volatility of 5.39%. This indicates that MIDLX experiences smaller price fluctuations and is considered to be less risky than RYIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIDLX | RYIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 5.39% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 9.16% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 13.55% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 15.28% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.12% | -1.20% |