MIGNX vs. SMH
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and VanEck Semiconductor ETF (SMH).
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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both MIGNX and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MIGNX vs. SMH - Performance Comparison
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MIGNX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | -9.27% | 10.31% | 27.60% | 24.51% | -18.92% | 26.52% | 22.96% | 40.34% | 1.14% | 29.12% |
SMH VanEck Semiconductor ETF | 8.84% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, MIGNX achieves a -9.27% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, MIGNX has underperformed SMH with an annualized return of 14.02%, while SMH has yielded a comparatively higher 31.58% annualized return.
MIGNX
- 1D
- 2.93%
- 1M
- -5.94%
- YTD
- -9.27%
- 6M
- -8.49%
- 1Y
- 5.05%
- 3Y*
- 13.82%
- 5Y*
- 9.20%
- 10Y*
- 14.02%
SMH
- 1D
- 2.24%
- 1M
- -3.55%
- YTD
- 8.84%
- 6M
- 17.83%
- 1Y
- 85.04%
- 3Y*
- 44.53%
- 5Y*
- 26.15%
- 10Y*
- 31.58%
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MIGNX vs. SMH - Expense Ratio Comparison
MIGNX has a 0.37% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
MIGNX vs. SMH — Risk / Return Rank
MIGNX
SMH
MIGNX vs. SMH - 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 VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 2.32 | -2.01 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.92 | -2.35 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.41 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 5.39 | -4.96 |
Martin ratioReturn relative to average drawdown | 1.54 | 19.22 | -17.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIGNX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.32 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.76 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.98 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.28 | +0.56 |
Correlation
The correlation between MIGNX and SMH is 0.74, 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.
Dividends
MIGNX vs. SMH - Dividend Comparison
MIGNX's dividend yield for the trailing twelve months is around 12.29%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | 12.29% | 11.15% | 16.98% | 4.25% | 4.67% | 10.36% | 7.48% | 7.46% | 10.83% | 7.02% | 4.99% | 6.73% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
MIGNX vs. SMH - Drawdown Comparison
The maximum MIGNX drawdown since its inception was -32.40%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for MIGNX and SMH.
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Drawdown Indicators
| MIGNX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.40% | -84.96% | +52.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -15.95% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | -45.30% | +18.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.40% | -45.30% | +12.90% |
Current DrawdownCurrent decline from peak | -11.15% | -8.02% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -41.35% | +37.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 4.47% | -0.66% |
Volatility
MIGNX vs. SMH - Volatility Comparison
The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 5.47%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that MIGNX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIGNX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 11.74% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 24.02% | -14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 36.88% | -19.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 34.68% | -17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 32.29% | -14.11% |