MTCIX vs. SOXX
MTCIX (MFS Technology Fund) and SOXX (iShares Semiconductor ETF) are both funds - MTCIX is a Technology Equities fund managed by MFS, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, MTCIX returned 22.51%/yr vs 35.79%/yr for SOXX. Their correlation of 0.83 suggests significant overlap in exposure. MTCIX charges 0.88%/yr vs 0.34%/yr for SOXX.
Performance
MTCIX vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, MTCIX achieves a 22.51% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, MTCIX has underperformed SOXX with an annualized return of 22.51%, while SOXX has yielded a comparatively higher 35.79% annualized return.
MTCIX
- 1D
- 0.78%
- 1M
- 14.71%
- YTD
- 22.51%
- 6M
- 20.37%
- 1Y
- 43.81%
- 3Y*
- 38.82%
- 5Y*
- 19.59%
- 10Y*
- 22.51%
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
MTCIX vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 22.51% | 16.39% | 56.76% | 54.42% | -36.18% | 14.11% | 46.45% | 38.84% | 1.85% | 38.78% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between MTCIX and SOXX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001 | 0.83 |
The correlation between MTCIX and SOXX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
MTCIX vs. SOXX — Risk / Return Rank
MTCIX
SOXX
MTCIX vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) and iShares Semiconductor ETF (SOXX). 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.
| MTCIX | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.74 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 12.13 | -9.73 |
| Martin ratioReturn relative to average drawdown | 7.94 | 46.43 | -38.50 |
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
| MTCIX | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 5.61 | -3.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.96 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 1.07 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.45 | -0.06 |
Drawdowns
MTCIX vs. SOXX - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -82.78%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for MTCIX and SOXX.
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Drawdown Indicators
| MTCIX | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.78% | -70.21% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.59% | -15.77% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -25.97% | -41.36% | +15.39% |
Max Drawdown (5Y)Largest decline over 5 years | -42.74% | -45.75% | +3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -45.75% | +3.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -19.97% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 4.11% | +1.51% |
Volatility
MTCIX vs. SOXX - Volatility Comparison
The current volatility for MFS Technology Fund (MTCIX) is 5.47%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that MTCIX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTCIX | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 14.03% | -8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 27.35% | -11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.44% | 34.18% | -13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.42% | 36.11% | -10.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 33.43% | -9.37% |
MTCIX vs. SOXX - Expense Ratio Comparison
MTCIX has a 0.88% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
MTCIX vs. SOXX - Dividend Comparison
MTCIX's dividend yield for the trailing twelve months is around 11.19%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 11.19% | 13.71% | 26.78% | 9.66% | 10.35% | 11.58% | 4.97% | 3.87% | 4.97% | 3.51% | 1.84% | 3.62% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
MTCIX and SOXX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to MTCIX (5.47%). In terms of maximum drawdown, MTCIX dropped -82.78% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (5.61 vs 2.19), 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.
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