MFS Growth Allocation Fund (MGWIX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MGWIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGWIX
MGWIX charges 0.69% annually. There are 293 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | MGWIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | MGWIX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | MGWIX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | MGWIX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MGWIX vs VTMFX |
Best Risk-Adjusted Alternatives to MGWIX
MGWIX has a PortfoliosLab risk / return rank of 43. There are 412 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | MGWIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | MGWIX vs TIBIX | |
| Davis Appreciation & Income Fund | 96 | — | Apr 1992 | MGWIX vs RPFCX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | MGWIX vs NWQIX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | MGWIX vs FSRRX |
Top Performing MGWIX Alternatives (YTD)
MGWIX is at 7.74% YTD. There are 186 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.72% | — | Jan 1998 | MGWIX vs EKBAX | |
| Thornburg Investment Income Builder Fund Class I | 19.05% | — | Dec 2002 | MGWIX vs TIBIX | |
| ICON Equity Income Fund | 18.94% | — | May 2004 | MGWIX vs IOEZX | |
| Greenspring Fund | 17.70% | — | Jun 1983 | MGWIX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 17.05% | — | Aug 1998 | MGWIX vs MHELX |
Lowest Volatility Alternatives to MGWIX
MGWIX has 9.49% 1-year volatility. There are 345 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | MGWIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | MGWIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | MGWIX vs SCLAX | |
| Ave Maria Bond Fund | 3.05% | — | Apr 2003 | MGWIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | MGWIX vs CSTAX |
Lowest Drawdown Alternatives to MGWIX
MGWIX has a 1-year max drawdown of -7.33%. There are 381 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | MGWIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | MGWIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | MGWIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | MGWIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | MGWIX vs CSTAX |
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 | 37 | 8.45% | — | Jan 1996 | MGWIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 75 | 11.15% | — | May 2006 | MGWIX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 57 | 11.17% | — | Sep 2004 | MGWIX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 74 | 11.07% | — | Feb 1996 | MGWIX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -2.12% | — | Jan 1935 | MGWIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 6 | 1.45% | — | Jun 2012 | MGWIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 6 | 1.39% | — | Jul 1997 | MGWIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 44 | 8.16% | — | — | MGWIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 73 | 10.91% | — | Jan 1996 | MGWIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 33 | 7.99% | — | Jul 1924 | MGWIX vs MITTX |
Often Compared With MGWIX
Investors most often compare MGWIX with VOO, JANEX, AMECX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MGWIX with Any Fund or Stock
Compare MGWIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGWIX with funds that move differently
MFS Growth Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGWIX.
Explore MGWIX Diversifiers