MIEIX vs. PWJZX
Compare and contrast key facts about MFS International Equity Fund Class R6 (MIEIX) and PGIM Jennison International Opportunities Fund (PWJZX).
MIEIX is managed by MFS. It was launched on Jan 31, 1996. PWJZX is managed by PGIM Investments. It was launched on Jun 4, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIEIX or PWJZX.
Key characteristics
| MIEIX | PWJZX | |
|---|---|---|
| YTD Return | 10.17% | 12.20% |
| 1Y Return | 18.34% | 22.92% |
| 3Y Return (Ann) | 4.48% | -7.37% |
| 5Y Return (Ann) | 9.10% | 10.66% |
| 10Y Return (Ann) | 7.46% | 9.35% |
| Sharpe Ratio | 1.65 | 1.38 |
| Daily Std Dev | 11.53% | 17.21% |
| Max Drawdown | -50.56% | -48.22% |
| Current Drawdown | -1.41% | -21.39% |
Correlation
The correlation between MIEIX and PWJZX is 0.82, 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.
Performance
MIEIX vs. PWJZX - Performance Comparison
In the year-to-date period, MIEIX achieves a 10.17% return, which is significantly lower than PWJZX's 12.20% return. Over the past 10 years, MIEIX has underperformed PWJZX with an annualized return of 7.46%, while PWJZX has yielded a comparatively higher 9.35% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MIEIX vs. PWJZX - Expense Ratio Comparison
MIEIX has a 0.68% expense ratio, which is lower than PWJZX's 0.90% expense ratio.
Risk-Adjusted Performance
MIEIX vs. PWJZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Equity Fund Class R6 (MIEIX) and PGIM Jennison International Opportunities Fund (PWJZX). 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.
Dividends
MIEIX vs. PWJZX - Dividend Comparison
MIEIX's dividend yield for the trailing twelve months is around 1.52%, more than PWJZX's 0.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEIX MFS International Equity Fund Class R6 | 1.52% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% | 4.89% | 3.04% |
PWJZX PGIM Jennison International Opportunities Fund | 0.08% | 0.09% | 0.00% | 0.09% | 0.00% | 0.00% | 0.06% | 0.17% | 0.24% | 0.00% | 0.00% | 3.49% |
Drawdowns
MIEIX vs. PWJZX - Drawdown Comparison
The maximum MIEIX drawdown since its inception was -50.56%, roughly equal to the maximum PWJZX drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for MIEIX and PWJZX. For additional features, visit the drawdowns tool.
Volatility
MIEIX vs. PWJZX - Volatility Comparison
The current volatility for MFS International Equity Fund Class R6 (MIEIX) is 3.58%, while PGIM Jennison International Opportunities Fund (PWJZX) has a volatility of 5.94%. This indicates that MIEIX experiences smaller price fluctuations and is considered to be less risky than PWJZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.