MIGNX vs. FTEC
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and Fidelity MSCI Information Technology Index ETF (FTEC).
MIGNX is a passively managed fund by MFS that tracks the performance of the Russell 1000 Growth Index. It was launched on Jun 1, 2012. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both MIGNX and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGNX or FTEC.
Performance
MIGNX vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, MIGNX achieves a 16.22% return, which is significantly lower than FTEC's 25.41% return. Over the past 10 years, MIGNX has underperformed FTEC with an annualized return of 7.85%, while FTEC has yielded a comparatively higher 20.27% annualized return.
MIGNX
16.22%
-1.65%
5.94%
18.04%
7.28%
7.85%
FTEC
25.41%
0.68%
13.63%
33.32%
22.12%
20.27%
Key characteristics
| MIGNX | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.51 | 1.60 |
| Sortino Ratio | 2.06 | 2.12 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 1.30 | 2.21 |
| Martin Ratio | 8.63 | 7.95 |
| Ulcer Index | 2.17% | 4.24% |
| Daily Std Dev | 12.37% | 21.12% |
| Max Drawdown | -32.47% | -34.95% |
| Current Drawdown | -2.37% | -3.56% |
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MIGNX vs. FTEC - Expense Ratio Comparison
MIGNX has a 0.37% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between MIGNX and FTEC is 0.88, 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.
Risk-Adjusted Performance
MIGNX vs. FTEC - Risk-Adjusted Performance 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.
Dividends
MIGNX vs. FTEC - Dividend Comparison
MIGNX's dividend yield for the trailing twelve months is around 0.61%, less than FTEC's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | 0.61% | 0.71% | 0.78% | 0.47% | 0.46% | 0.56% | 1.43% | 1.20% | 1.15% | 1.28% | 4.98% | 2.53% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.63% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MIGNX vs. FTEC - Drawdown Comparison
The maximum MIGNX drawdown since its inception was -32.47%, 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. For additional features, visit the drawdowns tool.
Volatility
MIGNX vs. FTEC - Volatility Comparison
The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 3.70%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.56%. 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.