RYIPX vs. MIDLX
RYIPX (Royce International Premier Fund) and MIDLX (MFS International New Discovery Fund Class R6) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, RYIPX returned 4.37%/yr vs 6.91%/yr for MIDLX. Their correlation of 0.87 means they have usually moved in the same direction. RYIPX charges 1.44%/yr vs 0.91%/yr for MIDLX.
Performance
RYIPX vs. MIDLX - Performance Comparison
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Returns By Period
In the year-to-date period, RYIPX achieves a 1.70% return, which is significantly lower than MIDLX's 8.82% return. Over the past 10 years, RYIPX has underperformed MIDLX with an annualized return of 4.37%, while MIDLX has yielded a comparatively higher 6.91% annualized return.
RYIPX
- 1D
- 2.17%
- 1M
- -0.26%
- 6M
- 1.04%
- YTD
- 1.70%
- 1Y
- -3.06%
- 3Y*
- 1.66%
- 5Y*
- -4.83%
- 10Y*
- 4.37%
- ALL TIME*
- 4.80%
MIDLX
- 1D
- 2.00%
- 1M
- 1.55%
- 6M
- 5.05%
- YTD
- 8.82%
- 1Y
- 11.67%
- 3Y*
- 10.47%
- 5Y*
- 3.73%
- 10Y*
- 6.91%
- ALL TIME*
- 7.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYIPX vs. MIDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYIPX Royce International Premier Fund | 1.70% | 9.37% | -7.37% | 7.68% | -27.27% | 5.77% | 15.74% | 34.22% | -12.76% | 39.80% |
MIDLX MFS International New Discovery Fund Class R6 | 8.82% | 17.03% | 3.33% | 13.21% | -18.52% | 5.17% | 10.15% | 24.97% | -10.29% | 30.65% |
Correlation
The correlation between RYIPX and MIDLX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2012 | 0.87 |
The correlation between RYIPX and MIDLX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
RYIPX vs. MIDLX — Risk / Return Rank
RYIPX
MIDLX
RYIPX vs. MIDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund (RYIPX) and MFS International New Discovery Fund Class R6 (MIDLX). 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.
| RYIPX | MIDLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.97 | -1.17 |
| Martin ratioReturn relative to average drawdown | -0.48 | 3.24 | -3.72 |
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Drawdowns
RYIPX vs. MIDLX - Drawdown Comparison
The maximum RYIPX drawdown since its inception was -42.14%, which is greater than MIDLX's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for RYIPX and MIDLX.
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Drawdown Indicators
| RYIPX | MIDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -34.70% | -7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.56% | -11.75% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -13.15% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -42.14% | -33.58% | -8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | -34.70% | -7.44% |
Current DrawdownCurrent decline from peak | -26.35% | -0.03% | -26.32% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -6.87% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 3.52% | +2.85% |
Volatility
RYIPX vs. MIDLX - Volatility Comparison
Royce International Premier Fund (RYIPX) has a higher volatility of 4.63% compared to MFS International New Discovery Fund Class R6 (MIDLX) at 3.80%. This indicates that RYIPX's price experiences larger fluctuations and is considered to be riskier than MIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYIPX | MIDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 3.80% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 10.82% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 12.47% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 13.37% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 13.75% | +1.33% |
RYIPX vs. MIDLX - Expense Ratio Comparison
RYIPX has a 1.44% expense ratio, which is higher than MIDLX's 0.91% expense ratio.
Dividends
RYIPX vs. MIDLX - Dividend Comparison
RYIPX's dividend yield for the trailing twelve months is around 0.78%, less than MIDLX's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDLX MFS International New Discovery Fund Class R6 | 3.10% | 3.37% | 10.08% | 4.21% | 5.85% | 5.19% | 4.03% | 4.36% | 6.82% | 1.63% | 1.09% | 1.25% |
RYIPX Royce International Premier Fund | 0.78% | 0.79% | 4.10% | 2.18% | 3.18% | 4.51% | 0.00% | 0.20% | 0.00% | 0.71% | 2.40% | 2.61% |
Frequently Asked Questions
RYIPX and MIDLX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYIPX has higher volatility (4.63%) compared to MIDLX (3.80%). In terms of maximum drawdown, RYIPX dropped -42.14% vs MIDLX's -34.70%.
MIDLX currently has the higher Sharpe Ratio (0.92 vs -0.22), 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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