NDVIX vs. MEIIX

Last updated Apr 1, 2026

Compare and contrast key facts about MFS New Discovery Value Fund (NDVIX) and MFS Value Fund Class I (MEIIX).

NDVIX is managed by MFS. It was launched on May 26, 2011. MEIIX is managed by MFS. It was launched on Feb 1, 1996.

Performance

NDVIX vs. MEIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS New Discovery Value Fund (NDVIX) and MFS Value Fund Class I (MEIIX). The values are adjusted to include any dividend payments, if applicable.

NDVIX vs. MEIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDVIX MFS New Discovery Value Fund	-1.01%	2.38%	9.34%	11.20%	-10.79%	33.58%	3.65%	33.65%	-11.13%	14.54%
MEIIX MFS Value Fund Class I	-0.56%	13.26%	11.86%	8.21%	-6.02%	25.43%	3.99%	30.04%	-9.90%	17.20%

Returns By Period

In the year-to-date period, NDVIX achieves a -1.01% return, which is significantly lower than MEIIX's -0.56% return. Both investments have delivered pretty close results over the past 10 years, with NDVIX having a 9.67% annualized return and MEIIX not far ahead at 9.72%.

NDVIX

• 1D: -1.01%
• 1M: -8.22%
• YTD: -1.01%
• 6M: -0.89%
• 1Y: 7.23%
• 3Y*: 6.96%
• 5Y*: 4.64%
• 10Y*: 9.67%

MEIIX

• 1D: 0.22%
• 1M: -6.34%
• YTD: -0.56%
• 6M: 1.67%
• 1Y: 8.35%
• 3Y*: 11.42%
• 5Y*: 8.14%
• 10Y*: 9.72%

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

NDVIX vs. MEIIX - Expense Ratio Comparison

NDVIX has a 0.93% expense ratio, which is higher than MEIIX's 0.55% expense ratio.

NDVIX

MFS New Discovery Value Fund

MEIIX

MFS Value Fund Class I

Return for Risk

NDVIX vs. MEIIX — Risk / Return Rank

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

NDVIX

NDVIX Risk / Return Rank: 14
NDVIX Sharpe Ratio Rank: 13
NDVIX Sortino Ratio Rank: 14
NDVIX Omega Ratio Rank: 13
NDVIX Calmar Ratio Rank: 14
NDVIX Martin Ratio Rank: 15

MEIIX

MEIIX Risk / Return Rank: 28
MEIIX Sharpe Ratio Rank: 28
MEIIX Sortino Ratio Rank: 27
MEIIX Omega Ratio Rank: 27
MEIIX Calmar Ratio Rank: 27
MEIIX Martin Ratio Rank: 32

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.

NDVIX vs. MEIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Value Fund (NDVIX) and MFS Value Fund Class I (MEIIX). 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.

	NDVIX	MEIIX	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.65	-0.30
Sortino ratio Return per unit of downside risk	0.64	0.97	-0.34
Omega ratio Gain probability vs. loss probability	1.09	1.14	-0.05
Calmar ratio Return relative to maximum drawdown	0.39	0.77	-0.39
Martin ratio Return relative to average drawdown	1.40	3.43	-2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDVIX vs. MEIIX - Sharpe Ratio Comparison

The current NDVIX Sharpe Ratio is 0.35, which is lower than the MEIIX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of NDVIX and MEIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NDVIX	MEIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.65	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.59	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.59	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.56	-0.09

Correlation

The correlation between NDVIX and MEIIX is 0.84, 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.

Dividends

NDVIX vs. MEIIX - Dividend Comparison

NDVIX's dividend yield for the trailing twelve months is around 10.87%, more than MEIIX's 9.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDVIX MFS New Discovery Value Fund	10.87%	10.76%	6.57%	6.24%	8.27%	9.36%	1.93%	4.80%	8.09%	5.14%	4.40%	2.70%
MEIIX MFS Value Fund Class I	9.77%	9.52%	9.30%	8.41%	7.58%	3.32%	2.63%	3.17%	3.62%	4.04%	2.91%	5.97%

Drawdowns

NDVIX vs. MEIIX - Drawdown Comparison

The maximum NDVIX drawdown since its inception was -44.03%, smaller than the maximum MEIIX drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for NDVIX and MEIIX.

Drawdown Indicators

	NDVIX	MEIIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.03%	-52.64%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.23%	-11.10%	-4.13%
Max Drawdown (5Y) Largest decline over 5 years	-25.59%	-17.58%	-8.01%
Max Drawdown (10Y) Largest decline over 10 years	-44.03%	-36.70%	-7.33%
Current Drawdown Current decline from peak	-10.44%	-6.55%	-3.89%
Average Drawdown Average peak-to-trough decline	-6.18%	-6.58%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.51%	+1.70%

Volatility

NDVIX vs. MEIIX - Volatility Comparison

MFS New Discovery Value Fund (NDVIX) has a higher volatility of 5.66% compared to MFS Value Fund Class I (MEIIX) at 3.11%. This indicates that NDVIX's price experiences larger fluctuations and is considered to be riskier than MEIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDVIX	MEIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	3.11%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	7.68%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	14.78%	+6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	13.90%	+6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	16.55%	+5.24%