MIGNX vs. PRGFX
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and T. Rowe Price Growth Stock Fund (PRGFX).
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. PRGFX is managed by T. Rowe Price. It was launched on Apr 11, 1950.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGNX or PRGFX.
Correlation
The correlation between MIGNX and PRGFX is 0.89, 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
MIGNX vs. PRGFX - Performance Comparison
Key characteristics
MIGNX:
0.66
PRGFX:
1.94
MIGNX:
0.89
PRGFX:
2.55
MIGNX:
1.14
PRGFX:
1.35
MIGNX:
0.67
PRGFX:
0.97
MIGNX:
4.43
PRGFX:
9.72
MIGNX:
2.17%
PRGFX:
3.38%
MIGNX:
14.54%
PRGFX:
16.95%
MIGNX:
-32.47%
PRGFX:
-57.19%
MIGNX:
-9.77%
PRGFX:
-9.59%
Returns By Period
In the year-to-date period, MIGNX achieves a 9.19% return, which is significantly lower than PRGFX's 32.66% return. Over the past 10 years, MIGNX has underperformed PRGFX with an annualized return of 6.64%, while PRGFX has yielded a comparatively higher 8.25% annualized return.
MIGNX
9.19%
-7.61%
-2.69%
9.70%
6.22%
6.64%
PRGFX
32.66%
3.41%
11.66%
32.87%
9.44%
8.25%
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MIGNX vs. PRGFX - Expense Ratio Comparison
MIGNX has a 0.37% expense ratio, which is lower than PRGFX's 0.63% expense ratio.
Risk-Adjusted Performance
MIGNX vs. PRGFX - 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 T. Rowe Price Growth Stock Fund (PRGFX). 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. PRGFX - Dividend Comparison
MIGNX has not paid dividends to shareholders, while PRGFX's dividend yield for the trailing twelve months is around 6.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | 0.00% | 0.71% | 0.78% | 0.47% | 0.46% | 0.56% | 1.43% | 1.20% | 1.15% | 1.28% | 4.98% | 2.53% |
PRGFX T. Rowe Price Growth Stock Fund | 6.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.19% | 0.26% | 0.08% | 0.00% | 0.00% | 0.04% |
Drawdowns
MIGNX vs. PRGFX - Drawdown Comparison
The maximum MIGNX drawdown since its inception was -32.47%, smaller than the maximum PRGFX drawdown of -57.19%. Use the drawdown chart below to compare losses from any high point for MIGNX and PRGFX. For additional features, visit the drawdowns tool.
Volatility
MIGNX vs. PRGFX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) has a higher volatility of 8.61% compared to T. Rowe Price Growth Stock Fund (PRGFX) at 4.80%. This indicates that MIGNX's price experiences larger fluctuations and is considered to be riskier than PRGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.