RAIIX vs. MWNIX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and MFS International New Discovery Fund (MWNIX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. MWNIX is managed by MFS. It was launched on Oct 8, 1997.
Performance
RAIIX vs. MWNIX - Performance Comparison
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RAIIX vs. MWNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
MWNIX MFS International New Discovery Fund | -4.10% | 16.88% | 0.90% | 13.03% | -18.63% | 5.06% | 9.98% | 22.85% | -10.41% | 30.67% |
Returns By Period
In the year-to-date period, RAIIX achieves a -2.12% return, which is significantly higher than MWNIX's -4.10% return. Over the past 10 years, RAIIX has outperformed MWNIX with an annualized return of 7.61%, while MWNIX has yielded a comparatively lower 5.54% annualized return.
RAIIX
- 1D
- -0.75%
- 1M
- -12.00%
- YTD
- -2.12%
- 6M
- -2.81%
- 1Y
- 22.60%
- 3Y*
- 8.01%
- 5Y*
- 1.06%
- 10Y*
- 7.61%
MWNIX
- 1D
- -0.25%
- 1M
- -11.78%
- YTD
- -4.10%
- 6M
- -4.89%
- 1Y
- 9.37%
- 3Y*
- 6.45%
- 5Y*
- 1.70%
- 10Y*
- 5.54%
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RAIIX vs. MWNIX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is higher than MWNIX's 1.03% expense ratio.
Return for Risk
RAIIX vs. MWNIX — Risk / Return Rank
RAIIX
MWNIX
RAIIX vs. MWNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) 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.
| RAIIX | MWNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.68 | +0.73 |
Sortino ratioReturn per unit of downside risk | 1.93 | 0.93 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.13 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.63 | +1.03 |
Martin ratioReturn relative to average drawdown | 6.76 | 2.39 | +4.37 |
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
| RAIIX | MWNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.68 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.13 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.40 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Correlation
The correlation between RAIIX and MWNIX is 0.87, 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
RAIIX vs. MWNIX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.89%, less than MWNIX's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.89% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
MWNIX MFS International New Discovery Fund | 3.38% | 3.24% | 7.61% | 4.05% | 5.68% | 5.06% | 3.90% | 2.67% | 6.68% | 1.63% | 1.09% | 1.12% |
Drawdowns
RAIIX vs. MWNIX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum MWNIX drawdown of -58.38%. Use the drawdown chart below to compare losses from any high point for RAIIX and MWNIX.
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Drawdown Indicators
| RAIIX | MWNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -58.38% | +18.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -11.78% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -33.67% | -6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -34.72% | -5.15% |
Current DrawdownCurrent decline from peak | -12.00% | -11.78% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -9.61% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.09% | -0.14% |
Volatility
RAIIX vs. MWNIX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) has a higher volatility of 6.04% compared to MFS International New Discovery Fund (MWNIX) at 5.09%. This indicates that RAIIX'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
| RAIIX | MWNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.09% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 8.21% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 12.11% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 13.02% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 13.90% | +2.95% |