MNDIX vs. SSCPX
Compare and contrast key facts about MFS New Discovery Fund (MNDIX) and Saratoga Small Capitalization Portfolio (SSCPX).
MNDIX is managed by MFS. It was launched on Jan 2, 1997. SSCPX is managed by Saratoga. It was launched on Sep 1, 1994.
Performance
MNDIX vs. SSCPX - Performance Comparison
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MNDIX vs. SSCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNDIX MFS New Discovery Fund | -1.90% | 12.62% | 6.32% | 14.30% | -29.64% | 2.03% | 45.14% | 41.12% | -1.41% | 26.27% |
SSCPX Saratoga Small Capitalization Portfolio | 1.17% | 6.41% | 10.79% | 15.16% | -17.56% | 24.53% | 25.39% | 23.71% | -16.14% | 15.58% |
Returns By Period
In the year-to-date period, MNDIX achieves a -1.90% return, which is significantly lower than SSCPX's 1.17% return. Over the past 10 years, MNDIX has outperformed SSCPX with an annualized return of 10.84%, while SSCPX has yielded a comparatively lower 9.58% annualized return.
MNDIX
- 1D
- 4.18%
- 1M
- -6.90%
- YTD
- -1.90%
- 6M
- 2.13%
- 1Y
- 18.84%
- 3Y*
- 7.86%
- 5Y*
- -1.26%
- 10Y*
- 10.84%
SSCPX
- 1D
- 3.90%
- 1M
- -5.97%
- YTD
- 1.17%
- 6M
- 0.35%
- 1Y
- 20.94%
- 3Y*
- 10.97%
- 5Y*
- 4.36%
- 10Y*
- 9.58%
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MNDIX vs. SSCPX - Expense Ratio Comparison
MNDIX has a 0.99% expense ratio, which is lower than SSCPX's 1.70% expense ratio.
Return for Risk
MNDIX vs. SSCPX — Risk / Return Rank
MNDIX
SSCPX
MNDIX vs. SSCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Fund (MNDIX) and Saratoga Small Capitalization Portfolio (SSCPX). 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.
| MNDIX | SSCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.94 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.44 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.74 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.81 | 5.57 | -0.76 |
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
| MNDIX | SSCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.94 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.20 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.42 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.37 | +0.05 |
Correlation
The correlation between MNDIX and SSCPX is 0.87, 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
MNDIX vs. SSCPX - Dividend Comparison
MNDIX has not paid dividends to shareholders, while SSCPX's dividend yield for the trailing twelve months is around 8.91%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNDIX MFS New Discovery Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 20.76% | 9.22% | 7.01% | 23.11% | 9.34% | 2.24% | 0.00% |
SSCPX Saratoga Small Capitalization Portfolio | 8.91% | 9.02% | 11.37% | 0.00% | 10.18% | 24.67% | 0.02% | 0.00% | 17.42% | 0.00% | 0.00% | 58.90% |
Drawdowns
MNDIX vs. SSCPX - Drawdown Comparison
The maximum MNDIX drawdown since its inception was -62.02%, which is greater than SSCPX's maximum drawdown of -53.65%. Use the drawdown chart below to compare losses from any high point for MNDIX and SSCPX.
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Drawdown Indicators
| MNDIX | SSCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.02% | -53.65% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -11.83% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -42.04% | -27.78% | -14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.04% | -43.59% | +1.55% |
Current DrawdownCurrent decline from peak | -16.33% | -8.09% | -8.24% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -10.30% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 3.69% | +0.18% |
Volatility
MNDIX vs. SSCPX - Volatility Comparison
MFS New Discovery Fund (MNDIX) and Saratoga Small Capitalization Portfolio (SSCPX) have volatilities of 8.96% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDIX | SSCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 8.57% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 15.33% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 22.69% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 22.17% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 22.93% | -0.95% |