MKVIX vs. VIHAX

Last updated Aug 5, 2026

MKVIX (MFS International Large Cap Value Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - MKVIX is a Foreign Large Cap Equities fund managed by MFS, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 5 years, MKVIX returned 13.61%/yr vs 13.91%/yr for VIHAX. Their correlation of 0.93 means they have usually moved in the same direction. MKVIX charges 0.71%/yr vs 0.16%/yr for VIHAX.

Performance

MKVIX vs. VIHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS International Large Cap Value Fund (MKVIX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKVIX achieves a 16.65% return, which is significantly lower than VIHAX's 17.79% return.

MKVIX

• 1D: 0.36%
• 1M: 4.35%
• 6M: 8.43%
• YTD: 16.65%
• 1Y: 31.72%
• 3Y*: 22.29%
• 5Y*: 13.61%
• 10Y*: —
• ALL TIME*: 16.55%

VIHAX

• 1D: 0.40%
• 1M: 4.75%
• 6M: 9.72%
• YTD: 17.79%
• 1Y: 33.43%
• 3Y*: 22.73%
• 5Y*: 13.91%
• 10Y*: 11.15%
• ALL TIME*: 11.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MKVIX MFS International Large Cap Value Fund	$0.00	$0.00	$0.00
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	$0.00	$0.00	$0.00

MKVIX vs. VIHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MKVIX MFS International Large Cap Value Fund	16.65%	40.03%	6.63%	16.13%	-8.82%	14.82%	20.04%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	17.79%	38.01%	6.96%	16.81%	-6.88%	15.01%	21.61%

Correlation

The correlation between MKVIX and VIHAX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.93

The correlation between MKVIX and VIHAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

MKVIX vs. VIHAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MKVIX

MKVIX Risk / Return Rank: 89
MKVIX Sharpe Ratio Rank: 93
MKVIX Sortino Ratio Rank: 91
MKVIX Omega Ratio Rank: 88
MKVIX Calmar Ratio Rank: 86
MKVIX Martin Ratio Rank: 88

VIHAX

VIHAX Risk / Return Rank: 94
VIHAX Sharpe Ratio Rank: 97
VIHAX Sortino Ratio Rank: 96
VIHAX Omega Ratio Rank: 94
VIHAX Calmar Ratio Rank: 91
VIHAX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MKVIX vs. VIHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS International Large Cap Value Fund (MKVIX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MKVIX	VIHAX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.91	-0.37
Sortino ratio: Return per unit of downside risk	3.50	4.00	-0.49
Omega ratio: Gain probability vs. loss probability	1.46	1.53	-0.08
Calmar ratio: Return relative to maximum drawdown	3.37	3.69	-0.32
Martin ratio: Return relative to average drawdown	13.00	14.12	-1.12

MKVIX vs. VIHAX - Sharpe Ratio Comparison

The current MKVIX Sharpe Ratio is 2.54, which is comparable to the VIHAX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of MKVIX and VIHAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MKVIX vs. VIHAX - Drawdown Comparison

The maximum MKVIX drawdown since its inception was -26.63%, smaller than the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for MKVIX and VIHAX.

Drawdown Indicators

	MKVIX	VIHAX	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	-38.80%	+12.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	-9.53%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-12.29%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-26.63%	-23.92%	-2.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.80%	—
Current Drawdown Current decline from peak	-0.46%	-0.22%	-0.24%
Average Drawdown Average peak-to-trough decline	-4.18%	-5.94%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.49%	+0.08%

Volatility

MKVIX vs. VIHAX - Volatility Comparison

MFS International Large Cap Value Fund (MKVIX) has a higher volatility of 3.45% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.19%. This indicates that MKVIX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKVIX	VIHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.19%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	10.20%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	12.13%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	13.76%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	15.56%	-0.20%

MKVIX vs. VIHAX - Expense Ratio Comparison

MKVIX has a 0.71% expense ratio, which is higher than VIHAX's 0.16% expense ratio.

Dividends

MKVIX vs. VIHAX - Dividend Comparison

MKVIX's dividend yield for the trailing twelve months is around 7.22%, more than VIHAX's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MKVIX MFS International Large Cap Value Fund	7.22%	8.42%	7.25%	4.19%	2.72%	3.90%	0.49%	0.00%	0.00%	0.00%	0.00%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	3.44%	3.69%	4.85%	4.58%	4.70%	4.30%	3.22%	5.63%	4.28%	3.16%	2.37%

Frequently Asked Questions

Can I hold both MKVIX and VIHAX in my portfolio?

With a correlation of 0.90, MKVIX and VIHAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MKVIX or VIHAX?

MKVIX has higher volatility (3.45%) compared to VIHAX (3.19%). In terms of maximum drawdown, MKVIX dropped -26.63% vs VIHAX's -38.80%.

Which has better risk-adjusted returns?

VIHAX currently has the higher Sharpe Ratio (2.91 vs 2.54), 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.