NDVIX vs. SMCWX
Compare and contrast key facts about MFS New Discovery Value Fund (NDVIX) and American Funds SMALLCAP World Fund Class A (SMCWX).
NDVIX is managed by MFS. It was launched on May 26, 2011. SMCWX is managed by American Funds. It was launched on Apr 30, 1990.
Performance
NDVIX vs. SMCWX - Performance Comparison
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NDVIX vs. SMCWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDVIX MFS New Discovery Value Fund | 1.49% | 2.38% | 9.34% | 11.20% | -10.79% | 33.58% | 3.65% | 33.65% | -11.13% | 14.54% |
SMCWX American Funds SMALLCAP World Fund Class A | -1.05% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
Returns By Period
In the year-to-date period, NDVIX achieves a 1.49% return, which is significantly higher than SMCWX's -1.05% return. Over the past 10 years, NDVIX has outperformed SMCWX with an annualized return of 9.94%, while SMCWX has yielded a comparatively lower 9.04% annualized return.
NDVIX
- 1D
- 2.52%
- 1M
- -6.37%
- YTD
- 1.49%
- 6M
- 1.45%
- 1Y
- 9.68%
- 3Y*
- 7.85%
- 5Y*
- 4.89%
- 10Y*
- 9.94%
SMCWX
- 1D
- 3.47%
- 1M
- -7.83%
- YTD
- -1.05%
- 6M
- 1.11%
- 1Y
- 20.45%
- 3Y*
- 8.86%
- 5Y*
- 0.17%
- 10Y*
- 9.04%
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NDVIX vs. SMCWX - Expense Ratio Comparison
NDVIX has a 0.93% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Return for Risk
NDVIX vs. SMCWX — Risk / Return Rank
NDVIX
SMCWX
NDVIX vs. SMCWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS New Discovery Value Fund (NDVIX) and American Funds SMALLCAP World Fund Class A (SMCWX). 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 | SMCWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 1.17 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.72 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.66 | -0.99 |
Martin ratioReturn relative to average drawdown | 2.40 | 6.37 | -3.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NDVIX | SMCWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.17 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.01 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.51 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.57 | -0.09 |
Correlation
The correlation between NDVIX and SMCWX is 0.82, 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. SMCWX - Dividend Comparison
NDVIX's dividend yield for the trailing twelve months is around 10.60%, more than SMCWX's 4.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDVIX MFS New Discovery Value Fund | 10.60% | 10.76% | 6.57% | 6.24% | 8.27% | 9.36% | 1.93% | 4.80% | 8.09% | 5.14% | 4.40% | 2.70% |
SMCWX American Funds SMALLCAP World Fund Class A | 4.90% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
Drawdowns
NDVIX vs. SMCWX - Drawdown Comparison
The maximum NDVIX drawdown since its inception was -44.03%, smaller than the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for NDVIX and SMCWX.
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Drawdown Indicators
| NDVIX | SMCWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.03% | -62.46% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -11.83% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | -39.79% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -44.03% | -39.79% | -4.24% |
Current DrawdownCurrent decline from peak | -8.18% | -10.12% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -14.98% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 3.08% | +1.16% |
Volatility
NDVIX vs. SMCWX - Volatility Comparison
The current volatility for MFS New Discovery Value Fund (NDVIX) is 6.31%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 7.62%. This indicates that NDVIX experiences smaller price fluctuations and is considered to be less risky than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDVIX | SMCWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 7.62% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 11.82% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 17.93% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.09% | 18.05% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 17.76% | +4.05% |