MIGNX vs. WFSPX
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and iShares S&P 500 Index Fund (WFSPX).
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. WFSPX is managed by Blackrock. It was launched on Jul 30, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGNX or WFSPX.
Key characteristics
| MIGNX | WFSPX | |
|---|---|---|
| YTD Return | 15.05% | 19.24% |
| 1Y Return | 24.30% | 28.36% |
| 3Y Return (Ann) | 7.59% | 9.90% |
| 5Y Return (Ann) | 14.44% | 15.16% |
| 10Y Return (Ann) | 14.22% | 12.87% |
| Sharpe Ratio | 1.82 | 2.10 |
| Daily Std Dev | 12.70% | 12.74% |
| Max Drawdown | -32.40% | -89.72% |
| Current Drawdown | 0.00% | -0.36% |
Correlation
The correlation between MIGNX and WFSPX is 0.95, 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. WFSPX - Performance Comparison
In the year-to-date period, MIGNX achieves a 15.05% return, which is significantly lower than WFSPX's 19.24% return. Over the past 10 years, MIGNX has outperformed WFSPX with an annualized return of 14.22%, while WFSPX has yielded a comparatively lower 12.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MIGNX vs. WFSPX - Expense Ratio Comparison
MIGNX has a 0.37% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Risk-Adjusted Performance
MIGNX vs. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). 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. WFSPX - Dividend Comparison
MIGNX's dividend yield for the trailing twelve months is around 3.73%, more than WFSPX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | 3.73% | 4.25% | 4.67% | 10.36% | 7.48% | 7.46% | 10.83% | 7.02% | 6.14% | 6.73% | 4.98% | 2.53% |
WFSPX iShares S&P 500 Index Fund | 1.34% | 1.50% | 2.02% | 1.52% | 1.66% | 1.99% | 2.50% | 2.00% | 2.37% | 2.49% | 1.84% | 1.70% |
Drawdowns
MIGNX vs. WFSPX - Drawdown Comparison
The maximum MIGNX drawdown since its inception was -32.40%, smaller than the maximum WFSPX drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for MIGNX and WFSPX. For additional features, visit the drawdowns tool.
Volatility
MIGNX vs. WFSPX - Volatility Comparison
The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 3.46%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 4.08%. This indicates that MIGNX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.