MWOFX vs. IYW
Compare and contrast key facts about MFS Global Growth Fund (MWOFX) and iShares U.S. Technology ETF (IYW).
MWOFX is managed by MFS. It was launched on Nov 17, 1993. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWOFX or IYW.
Performance
MWOFX vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, MWOFX achieves a 12.92% return, which is significantly lower than IYW's 29.81% return. Over the past 10 years, MWOFX has underperformed IYW with an annualized return of 7.04%, while IYW has yielded a comparatively higher 20.63% annualized return.
MWOFX
12.92%
-0.54%
4.39%
15.69%
6.83%
7.04%
IYW
29.81%
3.42%
12.51%
35.96%
24.21%
20.63%
Key characteristics
| MWOFX | IYW | |
|---|---|---|
| Sharpe Ratio | 1.37 | 1.70 |
| Sortino Ratio | 1.93 | 2.23 |
| Omega Ratio | 1.24 | 1.30 |
| Calmar Ratio | 1.04 | 2.23 |
| Martin Ratio | 7.90 | 7.71 |
| Ulcer Index | 1.98% | 4.66% |
| Daily Std Dev | 11.47% | 21.16% |
| Max Drawdown | -53.92% | -81.89% |
| Current Drawdown | -1.94% | -1.36% |
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MWOFX vs. IYW - Expense Ratio Comparison
MWOFX has a 1.22% expense ratio, which is higher than IYW's 0.42% expense ratio.
Correlation
The correlation between MWOFX and IYW is 0.78, 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.
Risk-Adjusted Performance
MWOFX vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Growth Fund (MWOFX) and iShares U.S. Technology ETF (IYW). 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.
Dividends
MWOFX vs. IYW - Dividend Comparison
MWOFX's dividend yield for the trailing twelve months is around 0.03%, less than IYW's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWOFX MFS Global Growth Fund | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.07% | 0.11% | 0.17% | 0.07% | 0.31% | 4.66% | 3.64% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
MWOFX vs. IYW - Drawdown Comparison
The maximum MWOFX drawdown since its inception was -53.92%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for MWOFX and IYW. For additional features, visit the drawdowns tool.
Volatility
MWOFX vs. IYW - Volatility Comparison
The current volatility for MFS Global Growth Fund (MWOFX) is 3.26%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.38%. This indicates that MWOFX experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.