MFS Lifetime Income Fund (MLLIX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MLLIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MLLIX
MLLIX charges 0.00% annually. No mutual funds in the Target Retirement Date category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | MLLIX vs PLTZX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | MLLIX vs LTIUX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | MLLIX vs JIEHX | |
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | MLLIX vs FCQTX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | MLLIX vs PMTIX |
Best Risk-Adjusted Alternatives to MLLIX
MLLIX has a PortfoliosLab risk / return rank of 58. There are 496 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Target Retirement Fund | 87 | — | Sep 2014 | MLLIX vs SSFNX | |
| USAA Target Retirement 2040 Fund | 86 | — | Jul 2008 | MLLIX vs URFRX | |
| USAA Target Retirement Income Fund | 86 | — | Jul 2008 | MLLIX vs URINX | |
| USAA Target Retirement 2050 Fund | 86 | — | Jul 2008 | MLLIX vs URFFX | |
| State Street Target Retirement 2025 Fund | 86 | — | Sep 2014 | MLLIX vs SSBRX |
Top Performing MLLIX Alternatives (YTD)
MLLIX is at 3.73% YTD. There are 638 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| USAA Target Retirement 2060 Fund | 14.49% | — | Jul 2013 | MLLIX vs URSIX | |
| Fidelity Flex Freedom Blend 2060 Fund | 14.31% | — | Jun 2017 | MLLIX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 14.25% | — | Jun 2019 | MLLIX vs FDFPX | |
| Fidelity Freedom 2065 Fund Class K6 | 14.22% | — | Jun 2019 | MLLIX vs FFSZX | |
| Fidelity Freedom 2060 Fund Class K6 | 14.22% | — | Aug 2014 | MLLIX vs FVTKX |
Lowest Volatility Alternatives to MLLIX
MLLIX has 4.52% 1-year volatility. There are 4 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.50% | — | Nov 2015 | MLLIX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 4.45% | — | Oct 2009 | MLLIX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.47% | — | Oct 2009 | MLLIX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 4.51% | — | Nov 2015 | MLLIX vs DRIQX | |
| Prudential Day One Income Fund | 4.65% | — | Dec 2016 | MLLIX vs PDAHX |
Lowest Drawdown Alternatives to MLLIX
MLLIX has a 1-year max drawdown of -3.86%. There are 28 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | MLLIX vs TDIFX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | -3.32% | — | Oct 2009 | MLLIX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | MLLIX vs FFGZX | |
| Dimensional 2015 Target Date Retirement Income Fun... | -3.47% | — | Nov 2015 | MLLIX vs DRIQX | |
| Putnam RetirementReady Maturity Fund | -3.50% | — | Oct 2004 | MLLIX vs PRMYX |
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 | MLLIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 79 | 11.84% | — | May 2006 | MLLIX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 60 | 11.60% | — | Sep 2004 | MLLIX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 79 | 11.77% | — | Feb 1996 | MLLIX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 8 | -0.46% | — | Jan 1935 | MLLIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 3.47% | — | Jun 2012 | MLLIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 3.41% | — | Jul 1997 | MLLIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 47 | 8.95% | — | — | MLLIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 78 | 11.59% | — | Jan 1996 | MLLIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 44 | 9.45% | — | Jul 1924 | MLLIX vs MITTX |
Often Compared With MLLIX
Investors most often compare MLLIX with SCHB, FRBEX, FHQEX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare MLLIX with Any Fund or Stock
Compare MLLIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MLLIX with funds that move differently
MFS Lifetime Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MLLIX.
Explore MLLIX Diversifiers