MIGNX vs. CHAIX

Last updated Aug 4, 2026

MIGNX (MFS Massachusetts Investors Growth Stock Fund Class R6) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. MIGNX is passively managed, while CHAIX is actively managed. Over the past 10 years, MIGNX returned 14.45%/yr vs 17.51%/yr for CHAIX. Their correlation of 0.87 means they have usually moved in the same direction. MIGNX charges 0.37%/yr vs 1.00%/yr for CHAIX.

Performance

MIGNX vs. CHAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and Chase Growth Fund Institutional Class (CHAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIGNX achieves a -1.83% return, which is significantly lower than CHAIX's 22.03% return. Over the past 10 years, MIGNX has underperformed CHAIX with an annualized return of 14.45%, while CHAIX has yielded a comparatively higher 17.51% annualized return.

MIGNX

• 1D: -0.23%
• 1M: 0.68%
• 6M: -1.49%
• YTD: -1.83%
• 1Y: 3.77%
• 3Y*: 13.20%
• 5Y*: 8.42%
• 10Y*: 14.45%
• ALL TIME*: 14.64%

CHAIX

• 1D: -0.33%
• 1M: -1.06%
• 6M: 17.29%
• YTD: 22.03%
• 1Y: 36.99%
• 3Y*: 30.14%
• 5Y*: 16.71%
• 10Y*: 17.51%
• ALL TIME*: 11.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHAIX Chase Growth Fund Institutional Class	$0.00	$0.00	$0.00
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6	$0.00	$0.00	$0.00

MIGNX vs. CHAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6	-1.83%	10.31%	27.60%	24.51%	-18.92%	26.52%	22.96%	40.34%	1.14%	29.12%
CHAIX Chase Growth Fund Institutional Class	22.03%	20.67%	38.77%	26.00%	-20.32%	22.36%	18.41%	41.69%	-3.87%	24.73%

Correlation

The correlation between MIGNX and CHAIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jun 1, 2012	0.87

The correlation between MIGNX and CHAIX shifts across timeframes, from 0.69 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MIGNX vs. CHAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MIGNX

MIGNX Risk / Return Rank: 6
MIGNX Sharpe Ratio Rank: 6
MIGNX Sortino Ratio Rank: 6
MIGNX Omega Ratio Rank: 6
MIGNX Calmar Ratio Rank: 5
MIGNX Martin Ratio Rank: 6

CHAIX

CHAIX Risk / Return Rank: 78
CHAIX Sharpe Ratio Rank: 75
CHAIX Sortino Ratio Rank: 70
CHAIX Omega Ratio Rank: 65
CHAIX Calmar Ratio Rank: 90
CHAIX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MIGNX vs. CHAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and Chase Growth Fund Institutional Class (CHAIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MIGNX	CHAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.16	1.82	-1.66
Sortino ratio: Return per unit of downside risk	0.31	2.49	-2.18
Omega ratio: Gain probability vs. loss probability	1.04	1.31	-0.27
Calmar ratio: Return relative to maximum drawdown	0.15	3.55	-3.40
Martin ratio: Return relative to average drawdown	0.46	13.86	-13.40

MIGNX vs. CHAIX - Sharpe Ratio Comparison

The current MIGNX Sharpe Ratio is 0.16, which is lower than the CHAIX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of MIGNX and CHAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MIGNX vs. CHAIX - Drawdown Comparison

The maximum MIGNX drawdown since its inception was -32.40%, smaller than the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for MIGNX and CHAIX.

Drawdown Indicators

	MIGNX	CHAIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.40%	-50.61%	+18.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-9.86%	-3.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.63%	-23.40%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-24.58%	-1.90%
Max Drawdown (10Y) Largest decline over 10 years	-32.40%	-30.36%	-2.04%
Current Drawdown Current decline from peak	-3.87%	-4.07%	+0.20%
Average Drawdown Average peak-to-trough decline	-3.90%	-10.33%	+6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	2.52%	+1.98%

Volatility

MIGNX vs. CHAIX - Volatility Comparison

The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 3.27%, while Chase Growth Fund Institutional Class (CHAIX) has a volatility of 6.30%. This indicates that MIGNX experiences smaller price fluctuations and is considered to be less risky than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIGNX	CHAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	6.30%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	15.33%	-4.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	19.28%	-5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	18.88%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	19.18%	-0.99%

MIGNX vs. CHAIX - Expense Ratio Comparison

MIGNX has a 0.37% expense ratio, which is lower than CHAIX's 1.00% expense ratio.

Dividends

MIGNX vs. CHAIX - Dividend Comparison

MIGNX's dividend yield for the trailing twelve months is around 10.60%, more than CHAIX's 6.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAIX Chase Growth Fund Institutional Class	6.72%	8.20%	18.32%	5.36%	5.09%	18.78%	7.39%	21.65%	12.33%	11.44%	8.83%	9.93%
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6	10.60%	11.15%	16.98%	4.25%	4.67%	10.36%	7.48%	7.46%	10.83%	7.02%	4.99%	6.73%

Frequently Asked Questions

Can I hold both MIGNX and CHAIX in my portfolio?

MIGNX and CHAIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIGNX or CHAIX?

CHAIX has higher volatility (6.30%) compared to MIGNX (3.27%). In terms of maximum drawdown, MIGNX dropped -32.40% vs CHAIX's -50.61%.

Which has better risk-adjusted returns?

CHAIX currently has the higher Sharpe Ratio (1.82 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.