- ISIN
- US5529848740
- CUSIP
- 552984874
- Issuer
- MFS
- Inception Date
- Jul 1, 1998
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MHOIX Performance Chart
MFS Global High Yield Fund (MHOIX) is up 1.3% since the beginning of the year. MHOIX is currently trading at $6 per share. Investors who bought $1,000 worth of MHOIX shares 5 years ago would now be looking at an investment worth $1,184.
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Compare this symbol against anything
Returns By Period
MFS Global High Yield Fund (MHOIX) has returned 1.26% so far this year and 4.71% over the past 12 months. Over the last ten years, MHOIX has returned 4.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
MFS Global High Yield Fund
- 1D
- 0.18%
- 1M
- -0.70%
- 6M
- 0.64%
- YTD
- 1.26%
- 1Y
- 4.71%
- 3Y*
- 7.60%
- 5Y*
- 3.43%
- 10Y*
- 4.59%
- ALL TIME*
- 5.71%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MHOIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1998, MHOIX's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2009 with a return of +10.9%, while the worst month was Oct 2008 at -19.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MHOIX closed higher 37% of trading days. The best single day was Dec 30, 2022 with a return of +4.1%, while the worst single day was Oct 10, 2008 at -5.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.62% | 0.27% | -1.48% | 1.69% | 0.44% | 0.27% | -0.53% | 1.26% | |||||
| 2025 | 1.15% | 0.83% | -0.95% | -0.07% | 1.56% | 1.73% | 0.82% | 1.17% | 0.77% | 0.07% | 0.42% | 0.77% | 8.54% |
| 2024 | 0.46% | 0.28% | 0.55% | -0.64% | 1.21% | 0.55% | 1.43% | 1.60% | 1.41% | -0.25% | 0.83% | -0.10% | 7.55% |
| 2023 | 3.46% | -1.23% | 1.08% | 0.66% | -0.70% | 1.26% | 1.62% | -0.38% | -0.85% | -1.17% | 4.27% | 3.54% | 11.97% |
| 2022 | -2.44% | -1.50% | -0.84% | -3.28% | -0.16% | -6.88% | 4.86% | -2.02% | -4.37% | 2.41% | 3.55% | 0.00% | -10.72% |
| 2021 | -0.11% | 0.21% | 0.21% | 1.01% | 0.05% | 1.01% | 0.35% | 0.65% | -0.30% | -0.79% | -0.95% | 1.60% | 2.97% |
Benchmark Metrics
MFS Global High Yield Fund has an annualized alpha of 4.99%, beta of 0.10, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since June 30, 1998.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (43.22%) than losses (40.08%) - typical of diversified or defensive assets.
- Beta of 0.10 may look defensive, but with R2 of 0.12 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.12 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.99%
- Beta
- 0.10
- R²
- 0.12
- Upside Capture
- 43.22%
- Downside Capture
- 40.08%
Expense Ratio
MHOIX has an expense ratio of 0.81%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MHOIX ranks 75 for risk / return — above 75% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for MFS Global High Yield Fund (MHOIX) and compare them to S&P 500 Index.
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.
| MHOIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.00 | +0.21 |
| Martin ratioReturn relative to average drawdown | 10.36 | 8.49 | +1.87 |
Dividends
Dividend History
MFS Global High Yield Fund provided a 4.81% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.30 | $0.26 | $0.22 | $0.39 | $0.34 | $0.28 | $0.30 | $0.29 | $0.31 | $0.36 | $0.44 |
Dividend yield | 4.81% | 5.27% | 4.68% | 4.03% | 7.71% | 5.57% | 4.45% | 4.79% | 4.96% | 4.99% | 5.84% | 7.64% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Global High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.15 | |||||
| 2025 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.26 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.22 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.22 | $0.39 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Global High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Global High Yield Fund was 40.07%, occurring on Dec 12, 2008. Recovery took 264 trading sessions.
The current MFS Global High Yield Fund drawdown is 0.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.07%Dec 2008 | 1y 6mo | 1y 19d | 2y 6moJun 2007 - Dec 2009 | Financial crisis2007–2009 |
-19.76%Mar 2020 | 28d | 7mo 17d | 8mo 15dFeb 2020 - Nov 2020 | COVID crash2020 |
-19.31%Oct 1998 | 2mo 25d | 1y 1mo | 1y 4moJul 1998 - Nov 1999 | — |
-16.50%Sep 2022 | 1y 13d | 1y 5mo | 2y 5moSep 2021 - Feb 2024 | Bear market2022 |
-12.58%Nov 2000 | 2mo 24d | 1y 4mo | 1y 6moSep 2000 - Apr 2002 | Dot-com crash2000–2002 |
Drawdown Indicators
| MHOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.07% | -56.78% | +16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -9.10% | +6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -18.90% | +15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -25.43% | +8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -19.76% | -33.92% | +14.16% |
Current DrawdownCurrent decline from peak | -0.70% | -1.58% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -10.70% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.14% | -1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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