MTCIX vs. VITAX

Last updated Jul 15, 2026

MTCIX (MFS Technology Fund) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both Technology Equities funds. Over the past 10 years, MTCIX returned 21.76%/yr vs 24.66%/yr for VITAX. Their correlation of 0.95 suggests significant overlap in exposure. MTCIX charges 0.88%/yr vs 0.09%/yr for VITAX.

Performance

MTCIX vs. VITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Technology Fund (MTCIX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTCIX achieves a 16.82% return, which is significantly lower than VITAX's 22.97% return. Over the past 10 years, MTCIX has underperformed VITAX with an annualized return of 21.76%, while VITAX has yielded a comparatively higher 24.66% annualized return.

MTCIX

• 1D: -1.51%
• 1M: 1.19%
• 6M: 14.34%
• YTD: 16.82%
• 1Y: 29.86%
• 3Y*: 34.14%
• 5Y*: 16.37%
• 10Y*: 21.76%

VITAX

• 1D: -2.11%
• 1M: -0.90%
• 6M: 21.20%
• YTD: 22.97%
• 1Y: 38.57%
• 3Y*: 28.01%
• 5Y*: 18.46%
• 10Y*: 24.66%

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

MTCIX vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTCIX MFS Technology Fund	16.82%	16.39%	56.76%	54.42%	-36.18%	14.11%	46.45%	38.84%	1.85%	38.78%
VITAX Vanguard Information Technology Index Fund Admiral Shares	22.97%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Correlation

The correlation between MTCIX and VITAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.95

The correlation between MTCIX and VITAX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

MTCIX vs. VITAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTCIX

MTCIX Risk / Return Rank: 33
MTCIX Sharpe Ratio Rank: 36
MTCIX Sortino Ratio Rank: 33
MTCIX Omega Ratio Rank: 34
MTCIX Calmar Ratio Rank: 32
MTCIX Martin Ratio Rank: 30

VITAX

VITAX Risk / Return Rank: 50
VITAX Sharpe Ratio Rank: 55
VITAX Sortino Ratio Rank: 46
VITAX Omega Ratio Rank: 47
VITAX Calmar Ratio Rank: 59
VITAX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MTCIX vs. VITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.

	MTCIX	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.66	-0.33
Sortino ratio: Return per unit of downside risk	1.82	2.17	-0.35
Omega ratio: Gain probability vs. loss probability	1.23	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	1.65	2.36	-0.72
Martin ratio: Return relative to average drawdown	5.20	6.86	-1.66

MTCIX vs. VITAX - Sharpe Ratio Comparison

The current MTCIX Sharpe Ratio is 1.33, which is comparable to the VITAX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of MTCIX and VITAX, 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

MTCIX vs. VITAX - Drawdown Comparison

The maximum MTCIX drawdown since its inception was -82.78%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for MTCIX and VITAX.

Drawdown Indicators

	MTCIX	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-82.78%	-54.81%	-27.97%
Max Drawdown (1Y) Largest decline over 1 year	-18.59%	-16.38%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	-25.97%	-27.38%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-42.74%	-35.10%	-7.64%
Max Drawdown (10Y) Largest decline over 10 years	-42.74%	-35.10%	-7.64%
Current Drawdown Current decline from peak	-4.64%	-7.99%	+3.35%
Average Drawdown Average peak-to-trough decline	-29.76%	-8.01%	-21.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	5.64%	+0.23%

Volatility

MTCIX vs. VITAX - Volatility Comparison

MFS Technology Fund (MTCIX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX) have volatilities of 9.58% and 9.55%, 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.

Volatility by Period

	MTCIX	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.58%	9.55%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	19.25%	19.39%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	23.41%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	25.88%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	25.04%	-0.79%

MTCIX vs. VITAX - Expense Ratio Comparison

MTCIX has a 0.88% expense ratio, which is higher than VITAX's 0.09% expense ratio.

Dividends

MTCIX vs. VITAX - Dividend Comparison

MTCIX's dividend yield for the trailing twelve months is around 11.74%, more than VITAX's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTCIX MFS Technology Fund	11.74%	13.71%	26.78%	9.66%	10.35%	11.58%	4.97%	3.87%	4.97%	3.51%	1.84%	3.62%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.37%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both MTCIX and VITAX in my portfolio?

With a correlation of 0.95, MTCIX and VITAX 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, MTCIX or VITAX?

MTCIX has higher volatility (9.58%) compared to VITAX (9.55%). In terms of maximum drawdown, MTCIX dropped -82.78% vs VITAX's -54.81%.

Which has better risk-adjusted returns?

VITAX currently has the higher Sharpe Ratio (1.66 vs 1.33), 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.