MFS Government Markets Income Trust (MGF) 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 MGF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGF
MGF charges 0.02% annually. There is 1 mutual fund in the Government Bonds category with a lower expense ratio, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | MGF vs GUSTX | |
| Fidelity SAI U.S. Treasury Bond Index Fund | 0.03% | — | Mar 2016 | MGF vs FUTBX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MGF vs FUMBX | |
| Fidelity Long-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | MGF vs FNBGX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | — | MGF vs FUAMX |
Best Risk-Adjusted Alternatives to MGF
MGF has a PortfoliosLab risk / return rank of 3. There are 97 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | MGF vs FEUGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | MGF vs GUSTX | |
| Integrity Short Term Government Fund | 89 | — | Jun 2011 | MGF vs MDSIX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 86 | — | Aug 2010 | MGF vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 85 | 33.90B | Dec 2009 | MGF vs VSBSX |
Top Performing MGF Alternatives (YTD)
MGF is at -2.10% YTD. There are 97 mutual funds in the Government Bonds category with higher YTD returns, going as high as 2.26%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Emerging Markets Government Bond Index Fu... | 2.26% | 6.60B | Feb 2015 | MGF vs VGIVX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 2.20% | 6.60B | May 2013 | MGF vs VGAVX | |
| PIMCO Extended Duration Fund | 2.06% | — | Aug 2006 | MGF vs PEDIX | |
| Integrity Short Term Government Fund | 1.99% | — | Jun 2011 | MGF vs MDSIX | |
| Federated Hermes Adjustable Rate Fund | 1.82% | — | Dec 1985 | MGF vs FEUGX |
Lowest Volatility Alternatives to MGF
MGF has 10.52% 1-year volatility. There are 94 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 1.24% | — | Mar 2009 | MGF vs GUSTX | |
| DFA Short-Term Government Portfolio | 1.26% | — | May 1987 | MGF vs DFFGX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.30% | — | Aug 2010 | MGF vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.31% | 33.90B | Dec 2009 | MGF vs VSBSX | |
| Federated Hermes Adjustable Rate Fund | 1.41% | — | Dec 1985 | MGF vs FEUGX |
Lowest Drawdown Alternatives to MGF
MGF has a 1-year max drawdown of -6.05%. There are 84 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 | MGF vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | MGF vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | MGF vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | MGF vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | -0.84% | 33.90B | Dec 2009 | MGF vs VSBSX |
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 | MGF vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 36 | 6.53% | — | May 2006 | MGF vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 36 | 6.49% | — | Feb 1996 | MGF vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 38 | 10.19% | — | Sep 2004 | MGF vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 7 | -3.03% | — | Jan 1935 | MGF vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 12 | 5.30% | — | Jun 2012 | MGF vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 12 | 5.25% | — | Jul 1997 | MGF vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 6.13% | — | — | MGF vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 34 | 6.36% | — | Jan 1996 | MGF vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 39 | 7.77% | — | Jul 1924 | MGF vs MITTX |
Often Compared With MGF
Investors most often compare MGF with FBLTX. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Long-Term Treasury Bond Index Fund | Government Bonds | 6 | 0.98% | — | Oct 2015 | MGF vs FBLTX |
Compare MGF with Any Fund or Stock
Compare MGF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGF with funds that move differently
MFS Government Markets Income Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGF.
Explore MGF Diversifiers