MFS Global Opportunistic Bond Fund Class R2 (MGBLX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MGBLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGBLX
MGBLX charges 1.19% annually. There are 67 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | MGBLX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | MGBLX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 122.00B | May 2013 | MGBLX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | MGBLX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | MGBLX vs VTIBX |
Best Risk-Adjusted Alternatives to MGBLX
MGBLX has a PortfoliosLab risk / return rank of 18. There are 29 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | MGBLX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 91 | — | Dec 2008 | MGBLX vs PRSNX | |
| Eaton Vance Global Bond Fund | 90 | — | Jun 2007 | MGBLX vs EAIIX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 81 | — | Jan 2008 | MGBLX vs DFSHX | |
| Payden Global Low Duration Fund | 77 | — | Sep 1996 | MGBLX vs PYGSX |
Top Performing MGBLX Alternatives (YTD)
MGBLX is at 0.68% YTD. There are 42 mutual funds in the Global Bonds category with higher YTD returns, going as high as 3.45%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 3.45% | — | Jun 2007 | MGBLX vs EAIIX | |
| Dunham International Opportunity Bond Fund | 3.27% | — | Oct 2013 | MGBLX vs DAIOX | |
| Destinations Global Fixed Income Opportunities Fun... | 2.77% | — | Mar 2017 | MGBLX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 1.92% | — | Dec 2008 | MGBLX vs PRSNX | |
| DFA Two Year Global Fixed Income Portfolio | 1.80% | — | Feb 1996 | MGBLX vs DFGFX |
Lowest Volatility Alternatives to MGBLX
MGBLX has 3.41% 1-year volatility. There are 29 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 1.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Global Low Duration Fund | 1.55% | — | Sep 1996 | MGBLX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.59% | — | Jan 2008 | MGBLX vs DFSHX | |
| DFA Two Year Global Fixed Income Portfolio | 1.59% | — | Feb 1996 | MGBLX vs DFGFX | |
| DFA Five Year Global Fixed Income Portfolio | 1.89% | — | Nov 1990 | MGBLX vs DFGBX | |
| SA Global Fixed Income Fund | 1.98% | — | Jul 1999 | MGBLX vs SAXIX |
Lowest Drawdown Alternatives to MGBLX
MGBLX has a 1-year max drawdown of -3.25%. There are 37 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -1.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | MGBLX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | MGBLX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | MGBLX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | MGBLX vs DFGBX | |
| DFA Two Year Global Fixed Income Portfolio | -1.41% | — | Feb 1996 | MGBLX vs DFGFX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MEIIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 11 | 3.10% | — | Jan 1996 | MGBLX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 36 | 6.53% | — | May 2006 | MGBLX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 36 | 6.49% | — | Feb 1996 | MGBLX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 38 | 10.19% | — | Sep 2004 | MGBLX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 7 | -3.03% | — | Jan 1935 | MGBLX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 12 | 5.30% | — | Jun 2012 | MGBLX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 12 | 5.25% | — | Jul 1997 | MGBLX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 6.13% | — | — | MGBLX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 34 | 6.36% | — | Jan 1996 | MGBLX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 39 | 7.77% | — | Jul 1924 | MGBLX vs MITTX |
Often Compared With MGBLX
Investors most often compare MGBLX with FGBRX, TPINX, GOBSX. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Templeton Global Bond Fund - Class R | Global Bonds | 9 | 1.20% | — | Feb 2009 | MGBLX vs FGBRX | |
| Templeton Global Bond Fund | Global Bonds | 9 | 1.28% | — | Sep 1986 | MGBLX vs TPINX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 8 | 1.75% | — | Oct 2006 | MGBLX vs GOBSX |
Compare MGBLX with Any Fund or Stock
Compare MGBLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGBLX with funds that move differently
MFS Global Opportunistic Bond Fund Class R2 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGBLX.
Explore MGBLX Diversifiers