MIGNX vs. FTEC

Last updated Jun 4, 2026

MIGNX (MFS Massachusetts Investors Growth Stock Fund Class R6) and FTEC (Fidelity MSCI Information Technology Index ETF) are both funds - MIGNX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, MIGNX returned 14.98%/yr vs 25.57%/yr for FTEC. Their correlation of 0.87 suggests significant overlap in exposure. MIGNX charges 0.37%/yr vs 0.08%/yr for FTEC.

Performance

MIGNX vs. FTEC - 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 Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIGNX achieves a -0.18% return, which is significantly lower than FTEC's 31.89% return. Over the past 10 years, MIGNX has underperformed FTEC with an annualized return of 14.98%, while FTEC has yielded a comparatively higher 25.57% annualized return.

MIGNX

• 1D: -0.61%
• 1M: 3.16%
• YTD: -0.18%
• 6M: 0.32%
• 1Y: 10.06%
• 3Y*: 16.00%
• 5Y*: 10.42%
• 10Y*: 14.98%

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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

MIGNX vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6	-0.18%	10.31%	27.60%	24.51%	-18.92%	26.52%	22.96%	40.34%	1.14%	29.12%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between MIGNX and FTEC is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.87

The correlation between MIGNX and FTEC shifts across timeframes, from 0.75 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MIGNX vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIGNX

MIGNX Risk / Return Rank: 10
MIGNX Sharpe Ratio Rank: 11
MIGNX Sortino Ratio Rank: 11
MIGNX Omega Ratio Rank: 10
MIGNX Calmar Ratio Rank: 8
MIGNX Martin Ratio Rank: 9

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIGNX vs. FTEC - 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 Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	MIGNX	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.97	-2.11
Sortino ratio: Return per unit of downside risk	1.26	3.65	-2.39
Omega ratio: Gain probability vs. loss probability	1.15	1.48	-0.32
Calmar ratio: Return relative to maximum drawdown	0.80	3.76	-2.97
Martin ratio: Return relative to average drawdown	2.67	12.10	-9.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIGNX vs. FTEC - Sharpe Ratio Comparison

The current MIGNX Sharpe Ratio is 0.86, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of MIGNX and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MIGNX	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.97	-2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.90	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	1.04	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.99	-0.10

Drawdowns

MIGNX vs. FTEC - Drawdown Comparison

The maximum MIGNX drawdown since its inception was -32.40%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MIGNX and FTEC.

Drawdown Indicators

	MIGNX	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-32.40%	-34.95%	+2.55%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-16.26%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.63%	-27.30%	+8.67%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-34.95%	+8.47%
Max Drawdown (10Y) Largest decline over 10 years	-32.40%	-34.95%	+2.55%
Current Drawdown Current decline from peak	-2.26%	-1.49%	-0.77%
Average Drawdown Average peak-to-trough decline	-3.89%	-5.56%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	5.05%	-0.99%

Volatility

MIGNX vs. FTEC - Volatility Comparison

The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 3.40%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that MIGNX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIGNX	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	6.43%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	16.14%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.64%	20.63%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	25.23%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	24.69%	-6.48%

MIGNX vs. FTEC - Expense Ratio Comparison

MIGNX has a 0.37% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

MIGNX vs. FTEC - Dividend Comparison

MIGNX's dividend yield for the trailing twelve months is around 11.17%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6	11.17%	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 FTEC in my portfolio?

MIGNX and FTEC have a correlation of 0.75, 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 FTEC?

FTEC has higher volatility (6.43%) compared to MIGNX (3.40%). In terms of maximum drawdown, MIGNX dropped -32.40% vs FTEC's -34.95%.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 0.86), 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.