NDVAX vs. TASVX
NDVAX (MFS New Discovery Value Fund Class A) and TASVX (PGIM Quant Solutions Small-Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, NDVAX returned 10.41%/yr vs 11.15%/yr for TASVX. Their 0.96 correlation means they have historically moved very closely together. NDVAX charges 1.21%/yr vs 0.79%/yr for TASVX.
Performance
NDVAX vs. TASVX - Performance Comparison
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Returns By Period
In the year-to-date period, NDVAX achieves a 13.97% return, which is significantly lower than TASVX's 23.55% return. Over the past 10 years, NDVAX has underperformed TASVX with an annualized return of 10.41%, while TASVX has yielded a comparatively higher 11.15% annualized return.
NDVAX
- 1D
- 0.26%
- 1M
- -0.89%
- 6M
- 8.23%
- YTD
- 13.97%
- 1Y
- 21.74%
- 3Y*
- 9.18%
- 5Y*
- 6.01%
- 10Y*
- 10.41%
- ALL TIME*
- 10.63%
TASVX
- 1D
- -0.09%
- 1M
- 1.82%
- 6M
- 16.72%
- YTD
- 23.55%
- 1Y
- 46.66%
- 3Y*
- 21.28%
- 5Y*
- 13.51%
- 10Y*
- 11.15%
- ALL TIME*
- 11.06%
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 |
NDVAX vs. TASVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDVAX MFS New Discovery Value Fund Class A | 13.97% | 2.16% | 9.07% | 10.92% | -11.02% | 33.30% | 5.44% | 33.31% | -11.40% | 14.62% |
TASVX PGIM Quant Solutions Small-Cap Value Fund | 23.55% | 13.71% | 18.76% | 16.92% | -11.44% | 41.68% | -3.08% | 15.56% | -19.00% | 6.21% |
Correlation
The correlation between NDVAX and TASVX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 26, 2011 | 0.96 |
The correlation between NDVAX and TASVX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
NDVAX vs. TASVX — Risk / Return Rank
NDVAX
TASVX
NDVAX vs. TASVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Value Fund Class A (NDVAX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX). 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.
| NDVAX | TASVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.44 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 4.83 | -3.13 |
| Martin ratioReturn relative to average drawdown | 5.54 | 17.05 | -11.51 |
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Drawdowns
NDVAX vs. TASVX - Drawdown Comparison
The maximum NDVAX drawdown since its inception was -44.06%, smaller than the maximum TASVX drawdown of -59.79%. Use the drawdown chart below to compare losses from any high point for NDVAX and TASVX.
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Drawdown Indicators
| NDVAX | TASVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.06% | -59.79% | +15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -8.75% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -23.91% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -24.62% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -44.06% | -59.79% | +15.73% |
Current DrawdownCurrent decline from peak | -1.35% | -0.85% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -8.46% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.48% | +0.88% |
Volatility
NDVAX vs. TASVX - Volatility Comparison
MFS New Discovery Value Fund Class A (NDVAX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX) have volatilities of 3.45% and 3.49%, 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
| NDVAX | TASVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.49% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 11.51% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 16.84% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 22.38% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 26.35% | -4.56% |
NDVAX vs. TASVX - Expense Ratio Comparison
NDVAX has a 1.21% expense ratio, which is higher than TASVX's 0.79% expense ratio.
Dividends
NDVAX vs. TASVX - Dividend Comparison
NDVAX's dividend yield for the trailing twelve months is around 6.21%, more than TASVX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDVAX MFS New Discovery Value Fund Class A | 6.21% | 10.62% | 6.38% | 6.06% | 8.07% | 9.19% | 3.82% | 4.60% | 7.86% | 5.16% | 4.29% | 3.15% |
TASVX PGIM Quant Solutions Small-Cap Value Fund | 1.05% | 1.29% | 26.54% | 3.43% | 22.08% | 1.46% | 1.38% | 2.81% | 10.87% | 13.42% | 1.83% | 45.04% |
Frequently Asked Questions
With a correlation of 0.93, NDVAX and TASVX 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.
TASVX has higher volatility (3.49%) compared to NDVAX (3.45%). In terms of maximum drawdown, NDVAX dropped -44.06% vs TASVX's -59.79%.
TASVX currently has the higher Sharpe Ratio (2.52 vs 1.14), 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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