NDVIX vs. MIEIX

Last updated Apr 1, 2026

Compare and contrast key facts about MFS New Discovery Value Fund (NDVIX) and MFS International Equity Fund Class R6 (MIEIX).

NDVIX is managed by MFS. It was launched on May 26, 2011. MIEIX is managed by MFS. It was launched on Jan 31, 1996.

Performance

NDVIX vs. MIEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS New Discovery Value Fund (NDVIX) and MFS International Equity Fund Class R6 (MIEIX). The values are adjusted to include any dividend payments, if applicable.

NDVIX vs. MIEIX - 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%
MIEIX MFS International Equity Fund Class R6	-6.55%	23.22%	4.13%	19.06%	-14.82%	15.13%	11.11%	28.42%	-10.66%	28.01%

Returns By Period

In the year-to-date period, NDVIX achieves a -1.01% return, which is significantly higher than MIEIX's -6.55% return. Over the past 10 years, NDVIX has outperformed MIEIX with an annualized return of 9.67%, while MIEIX has yielded a comparatively lower 9.04% annualized return.

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%

MIEIX

• 1D: 0.48%
• 1M: -10.84%
• YTD: -6.55%
• 6M: -3.47%
• 1Y: 8.02%
• 3Y*: 9.09%
• 5Y*: 6.72%
• 10Y*: 9.04%

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

NDVIX vs. MIEIX - Expense Ratio Comparison

NDVIX has a 0.93% expense ratio, which is higher than MIEIX's 0.68% expense ratio.

NDVIX

MFS New Discovery Value Fund

MIEIX

MFS International Equity Fund Class R6

Return for Risk

NDVIX vs. MIEIX — 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

MIEIX

MIEIX Risk / Return Rank: 17
MIEIX Sharpe Ratio Rank: 18
MIEIX Sortino Ratio Rank: 16
MIEIX Omega Ratio Rank: 16
MIEIX Calmar Ratio Rank: 18
MIEIX Martin Ratio Rank: 19

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. MIEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Value Fund (NDVIX) and MFS International Equity Fund Class R6 (MIEIX). 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	MIEIX	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.45	-0.10
Sortino ratio Return per unit of downside risk	0.64	0.68	-0.04
Omega ratio Gain probability vs. loss probability	1.09	1.10	-0.01
Calmar ratio Return relative to maximum drawdown	0.39	0.52	-0.14
Martin ratio Return relative to average drawdown	1.40	1.93	-0.54
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. MIEIX - Sharpe Ratio Comparison

The current NDVIX Sharpe Ratio is 0.35, which is comparable to the MIEIX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of NDVIX and MIEIX, 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	MIEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.45	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.44	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.57	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.45	+0.02

Correlation

The correlation between NDVIX and MIEIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NDVIX vs. MIEIX - Dividend Comparison

NDVIX's dividend yield for the trailing twelve months is around 10.87%, more than MIEIX's 2.87% 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%
MIEIX MFS International Equity Fund Class R6	2.87%	2.68%	1.47%	1.67%	1.26%	5.40%	1.00%	3.12%	1.63%	1.85%	1.78%	1.71%

Drawdowns

NDVIX vs. MIEIX - Drawdown Comparison

The maximum NDVIX drawdown since its inception was -44.03%, smaller than the maximum MIEIX drawdown of -53.13%. Use the drawdown chart below to compare losses from any high point for NDVIX and MIEIX.

Drawdown Indicators

	NDVIX	MIEIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.03%	-53.13%	+9.10%
Max Drawdown (1Y) Largest decline over 1 year	-15.23%	-11.26%	-3.97%
Max Drawdown (5Y) Largest decline over 5 years	-25.59%	-28.07%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-44.03%	-31.35%	-12.68%
Current Drawdown Current decline from peak	-10.44%	-10.84%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.18%	-9.01%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	3.04%	+1.17%

Volatility

NDVIX vs. MIEIX - Volatility Comparison

The current volatility for MFS New Discovery Value Fund (NDVIX) is 5.66%, while MFS International Equity Fund Class R6 (MIEIX) has a volatility of 6.03%. This indicates that NDVIX experiences smaller price fluctuations and is considered to be less risky than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDVIX	MIEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	6.03%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	9.42%	+2.51%
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	14.88%	+6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	15.24%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	15.90%	+5.89%