MFS Government Securities Fund (MFGSX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MFGSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MFGSX
MFGSX charges 0.76% annually. There are 77 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | MFGSX vs GUSTX | |
| Fidelity Long-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFGSX vs FNBGX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFGSX vs FUAMX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MFGSX vs FUMBX | |
| Fidelity SAI Long-Term Treasury Bond Index Fund | 0.03% | — | Oct 2015 | MFGSX vs FBLTX |
Best Risk-Adjusted Alternatives to MFGSX
MFGSX has a PortfoliosLab risk / return rank of 5. There are 79 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 99 | 1.81B | May 1987 | MFGSX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | MFGSX vs FEUGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | MFGSX vs GUSTX | |
| Integrity Short Term Government Fund | 91 | — | Jun 2011 | MFGSX vs MDSIX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 88 | — | Aug 2010 | MFGSX vs VSBIX |
Top Performing MFGSX Alternatives (YTD)
MFGSX is at -1.25% YTD. There are 77 mutual funds in the Government Bonds category with higher YTD returns, going as high as 2.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Integrity Short Term Government Fund | 2.05% | — | Jun 2011 | MFGSX vs MDSIX | |
| Federated Hermes Adjustable Rate Fund | 1.94% | — | Dec 1985 | MFGSX vs FEUGX | |
| DFA Short-Term Government Portfolio | 1.79% | 1.81B | May 1987 | MFGSX vs DFFGX | |
| GMO U.S. Treasury Fund | 1.59% | — | Mar 2009 | MFGSX vs GUSTX | |
| Davis Government Bond Fund | 0.94% | — | Nov 1994 | MFGSX vs RFBAX |
Lowest Volatility Alternatives to MFGSX
MFGSX has 3.83% 1-year volatility. There are 56 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.81% | 1.81B | May 1987 | MFGSX vs DFFGX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.21% | — | Aug 2010 | MFGSX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.22% | 33.80B | Dec 2009 | MFGSX vs VSBSX | |
| GMO U.S. Treasury Fund | 1.22% | — | Mar 2009 | MFGSX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 1.32% | — | Dec 1985 | MFGSX vs FEUGX |
Lowest Drawdown Alternatives to MFGSX
MFGSX has a 1-year max drawdown of -3.39%. There are 71 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.20% | — | Mar 2009 | MFGSX vs GUSTX | |
| DFA Short-Term Government Portfolio | -0.30% | 1.81B | May 1987 | MFGSX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | MFGSX vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | MFGSX vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | MFGSX vs VSBIX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 39 | 8.70% | — | Jan 1996 | MFGSX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 79 | 11.84% | — | May 2006 | MFGSX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 60 | 11.60% | — | Sep 2004 | MFGSX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 79 | 11.77% | — | Feb 1996 | MFGSX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 8 | -0.46% | — | Jan 1935 | MFGSX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 3.47% | — | Jun 2012 | MFGSX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 3.41% | — | Jul 1997 | MFGSX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 47 | 8.95% | — | — | MFGSX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 78 | 11.59% | — | Jan 1996 | MFGSX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 44 | 9.45% | — | Jul 1924 | MFGSX vs MITTX |
Often Compared With MFGSX
Investors most often compare MFGSX with SEGMX, PRGMX, VGIVX. These 8 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SEI Daily Income Trust GNMA Fund | Government Bonds | 14 | -0.45% | — | Mar 1987 | MFGSX vs SEGMX | |
| T. Rowe Price GNMA Fund | Government Bonds | 22 | -0.36% | — | Nov 1985 | MFGSX vs PRGMX | |
| Vanguard Emerging Markets Government Bond Index Fu... | Government Bonds | 53 | 0.90% | 6.80B | Feb 2015 | MFGSX vs VGIVX | |
| Fidelity SAI U.S. Treasury Bond Index Fund | Government Bonds | 7 | -0.56% | — | Mar 2016 | MFGSX vs FUTBX | |
| Vanguard Emerging Markets Government Bond Index Fu... | Government Bonds | 53 | 0.84% | 6.80B | May 2013 | MFGSX vs VGAVX | |
| PIMCO Extended Duration Fund | Government Bonds | 1 | -6.01% | — | Aug 2006 | MFGSX vs PEDIX | |
| PIMCO GNMA and Government Securities Fund | Government Bonds | 16 | -0.13% | — | Jul 1997 | MFGSX vs PDMIX | |
| Vanguard Extended Duration Treasury Index Fund | Government Bonds | 1 | -6.16% | — | Nov 2007 | MFGSX vs VEDTX |
Compare MFGSX with Any Fund or Stock
Compare MFGSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MFGSX with funds that move differently
MFS Government Securities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFGSX.
Explore MFGSX Diversifiers