Correlation
The correlation between MIGFX and SMGIX is 0.92, 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.
MIGFX vs. SMGIX
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund (MIGFX) and Columbia Contrarian Core Fund (SMGIX).
MIGFX is managed by MFS. It was launched on Jan 1, 1935. SMGIX is managed by Columbia Threadneedle. It was launched on Dec 14, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGFX or SMGIX.
Performance
MIGFX vs. SMGIX - Performance Comparison
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Key characteristics
MIGFX:
0.40
SMGIX:
0.56
MIGFX:
0.53
SMGIX:
0.82
MIGFX:
1.07
SMGIX:
1.12
MIGFX:
0.28
SMGIX:
0.49
MIGFX:
1.03
SMGIX:
1.81
MIGFX:
5.01%
SMGIX:
5.44%
MIGFX:
18.32%
SMGIX:
20.04%
MIGFX:
-61.53%
SMGIX:
-50.62%
MIGFX:
-4.65%
SMGIX:
-4.42%
Returns By Period
In the year-to-date period, MIGFX achieves a -0.76% return, which is significantly lower than SMGIX's 0.62% return. Both investments have delivered pretty close results over the past 10 years, with MIGFX having a 12.77% annualized return and SMGIX not far behind at 12.28%.
MIGFX
-0.76%
3.87%
-3.04%
6.56%
10.63%
12.95%
12.77%
SMGIX
0.62%
4.58%
-1.28%
10.24%
14.82%
15.79%
12.28%
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MIGFX vs. SMGIX - Expense Ratio Comparison
MIGFX has a 0.70% expense ratio, which is lower than SMGIX's 0.75% expense ratio.
Risk-Adjusted Performance
MIGFX vs. SMGIX — Risk-Adjusted Performance Rank
MIGFX
SMGIX
MIGFX vs. SMGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) and Columbia Contrarian Core Fund (SMGIX). 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.
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Dividends
MIGFX vs. SMGIX - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 8.66%, less than SMGIX's 9.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGFX MFS Massachusetts Investors Growth Stock Fund | 8.66% | 8.59% | 4.11% | 4.49% | 10.47% | 7.43% | 7.40% | 10.77% | 6.87% | 5.92% | 6.51% | 3.80% |
SMGIX Columbia Contrarian Core Fund | 9.63% | 9.69% | 3.08% | 10.61% | 13.70% | 7.69% | 5.87% | 10.17% | 5.84% | 1.67% | 5.86% | 7.28% |
Drawdowns
MIGFX vs. SMGIX - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.53%, which is greater than SMGIX's maximum drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for MIGFX and SMGIX.
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Volatility
MIGFX vs. SMGIX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund (MIGFX) and Columbia Contrarian Core Fund (SMGIX) have volatilities of 4.97% and 4.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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