MVGIX vs. NALFX
MVGIX (MFS Low Volatility Global Equity Fund) and NALFX (New Alternatives Fund) are both Global Equities funds. Over the past 10 years, MVGIX returned 9.38%/yr vs 9.61%/yr for NALFX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. MVGIX charges 0.74%/yr vs 0.89%/yr for NALFX.
Performance
MVGIX vs. NALFX - Performance Comparison
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Returns By Period
In the year-to-date period, MVGIX achieves a 8.08% return, which is significantly lower than NALFX's 13.40% return. Both investments have delivered pretty close results over the past 10 years, with MVGIX having a 9.38% annualized return and NALFX not far ahead at 9.61%.
MVGIX
- 1D
- 0.05%
- 1M
- 3.22%
- 6M
- 5.16%
- YTD
- 8.08%
- 1Y
- 15.19%
- 3Y*
- 13.71%
- 5Y*
- 9.06%
- 10Y*
- 9.38%
- ALL TIME*
- 9.21%
NALFX
- 1D
- 2.43%
- 1M
- -2.70%
- 6M
- 8.34%
- YTD
- 13.40%
- 1Y
- 21.38%
- 3Y*
- 9.19%
- 5Y*
- 1.79%
- 10Y*
- 9.61%
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MVGIX vs. NALFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVGIX MFS Low Volatility Global Equity Fund | 8.08% | 16.30% | 12.64% | 13.71% | -8.21% | 16.84% | 5.47% | 20.59% | -2.40% | 18.49% |
NALFX New Alternatives Fund | 13.40% | 28.13% | -6.03% | -2.49% | -15.87% | -4.78% | 61.74% | 36.98% | -6.91% | 21.24% |
Correlation
The correlation between MVGIX and NALFX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013 | 0.66 |
Over the past year, the correlation between MVGIX and NALFX has dropped to 0.42 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
MVGIX vs. NALFX — Risk / Return Rank
MVGIX
NALFX
MVGIX vs. NALFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Low Volatility Global Equity Fund (MVGIX) and New Alternatives Fund (NALFX). 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.
| MVGIX | NALFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.61 | -0.95 |
| Martin ratioReturn relative to average drawdown | 4.95 | 7.50 | -2.55 |
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Drawdowns
MVGIX vs. NALFX - Drawdown Comparison
The maximum MVGIX drawdown since its inception was -30.19%, smaller than the maximum NALFX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for MVGIX and NALFX.
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Drawdown Indicators
| MVGIX | NALFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -59.67% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -7.53% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -8.70% | -18.99% | +10.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -38.03% | +20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.19% | -42.35% | +12.16% |
Current DrawdownCurrent decline from peak | 0.00% | -4.90% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -14.79% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.62% | +0.28% |
Volatility
MVGIX vs. NALFX - Volatility Comparison
The current volatility for MFS Low Volatility Global Equity Fund (MVGIX) is 2.63%, while New Alternatives Fund (NALFX) has a volatility of 4.22%. This indicates that MVGIX experiences smaller price fluctuations and is considered to be less risky than NALFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVGIX | NALFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.22% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 12.85% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.30% | 15.49% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 17.90% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 17.99% | -5.64% |
MVGIX vs. NALFX - Expense Ratio Comparison
MVGIX has a 0.74% expense ratio, which is lower than NALFX's 0.89% expense ratio.
Dividends
MVGIX vs. NALFX - Dividend Comparison
MVGIX's dividend yield for the trailing twelve months is around 9.94%, more than NALFX's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVGIX MFS Low Volatility Global Equity Fund | 9.94% | 10.94% | 7.84% | 1.88% | 3.98% | 9.43% | 1.55% | 2.79% | 4.98% | 1.95% | 1.60% | 1.94% |
NALFX New Alternatives Fund | 1.03% | 1.17% | 2.04% | 4.47% | 4.63% | 5.14% | 4.93% | 5.55% | 6.62% | 4.16% | 3.71% | 1.71% |
Frequently Asked Questions
MVGIX and NALFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NALFX has higher volatility (4.22%) compared to MVGIX (2.63%). In terms of maximum drawdown, MVGIX dropped -30.19% vs NALFX's -59.67%.
MVGIX currently has the higher Sharpe Ratio (1.73 vs 1.27), 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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