NTKLX vs. MWNIX
NTKLX (Voya Multi-Manager International Small Cap Fund) and MWNIX (MFS International New Discovery Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, NTKLX returned 10.78%/yr vs 6.93%/yr for MWNIX. Their correlation of 0.89 suggests significant overlap in exposure. NTKLX charges 1.53%/yr vs 1.03%/yr for MWNIX.
Performance
NTKLX vs. MWNIX - Performance Comparison
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Returns By Period
In the year-to-date period, NTKLX achieves a 12.18% return, which is significantly higher than MWNIX's 7.13% return. Over the past 10 years, NTKLX has outperformed MWNIX with an annualized return of 10.78%, while MWNIX has yielded a comparatively lower 6.93% annualized return.
NTKLX
- 1D
- 0.06%
- 1M
- 0.41%
- YTD
- 12.18%
- 6M
- 11.61%
- 1Y
- 28.93%
- 3Y*
- 20.77%
- 5Y*
- 8.71%
- 10Y*
- 10.78%
MWNIX
- 1D
- -0.55%
- 1M
- 0.92%
- YTD
- 7.13%
- 6M
- 6.65%
- 1Y
- 11.60%
- 3Y*
- 10.61%
- 5Y*
- 3.00%
- 10Y*
- 6.93%
NTKLX vs. MWNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTKLX Voya Multi-Manager International Small Cap Fund | 12.18% | 38.63% | 5.55% | 13.93% | -18.71% | 15.50% | 15.38% | 24.29% | -22.21% | 34.93% |
MWNIX MFS International New Discovery Fund | 7.13% | 16.88% | 0.90% | 13.03% | -18.63% | 5.06% | 9.98% | 22.85% | -10.41% | 30.67% |
Correlation
The correlation between NTKLX and MWNIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.89 |
The correlation between NTKLX and MWNIX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
NTKLX vs. MWNIX — Risk / Return Rank
NTKLX
MWNIX
NTKLX vs. MWNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager International Small Cap Fund (NTKLX) and MFS International New Discovery Fund (MWNIX). 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.
| NTKLX | MWNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.02 | +1.51 |
| Martin ratioReturn relative to average drawdown | 9.49 | 3.45 | +6.04 |
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Drawdowns
NTKLX vs. MWNIX - Drawdown Comparison
The maximum NTKLX drawdown since its inception was -68.61%, which is greater than MWNIX's maximum drawdown of -58.38%. Use the drawdown chart below to compare losses from any high point for NTKLX and MWNIX.
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Drawdown Indicators
| NTKLX | MWNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.61% | -58.38% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -11.78% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -15.12% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -33.67% | -0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -34.72% | -9.84% |
Current DrawdownCurrent decline from peak | -1.56% | -1.45% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -19.55% | -9.56% | -9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.47% | -0.22% |
Volatility
NTKLX vs. MWNIX - Volatility Comparison
Voya Multi-Manager International Small Cap Fund (NTKLX) has a higher volatility of 5.75% compared to MFS International New Discovery Fund (MWNIX) at 4.13%. This indicates that NTKLX's price experiences larger fluctuations and is considered to be riskier than MWNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTKLX | MWNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 4.13% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 10.07% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 11.93% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 13.26% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 13.96% | +3.03% |
NTKLX vs. MWNIX - Expense Ratio Comparison
NTKLX has a 1.53% expense ratio, which is higher than MWNIX's 1.03% expense ratio.
Dividends
NTKLX vs. MWNIX - Dividend Comparison
NTKLX's dividend yield for the trailing twelve months is around 7.45%, more than MWNIX's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWNIX MFS International New Discovery Fund | 3.02% | 3.24% | 7.61% | 4.05% | 5.68% | 5.06% | 3.90% | 2.67% | 6.68% | 1.63% | 1.09% | 1.12% |
NTKLX Voya Multi-Manager International Small Cap Fund | 7.45% | 8.36% | 2.33% | 1.67% | 2.27% | 12.31% | 1.29% | 2.05% | 12.01% | 0.88% | 0.56% | 0.76% |
Frequently Asked Questions
NTKLX and MWNIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTKLX has higher volatility (5.75%) compared to MWNIX (4.13%). In terms of maximum drawdown, NTKLX dropped -68.61% vs MWNIX's -58.38%.
NTKLX currently has the higher Sharpe Ratio (2.02 vs 1.01), 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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