BCPIX vs. MFIOX
BCPIX (Brandes Core Plus Fixed Income Fund) and MFIOX (MFS Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, BCPIX returned 1.54%/yr vs 2.37%/yr for MFIOX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BCPIX charges 0.30%/yr vs 0.73%/yr for MFIOX.
Performance
BCPIX vs. MFIOX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BCPIX having a -0.53% return and MFIOX slightly higher at -0.51%. Over the past 10 years, BCPIX has underperformed MFIOX with an annualized return of 1.54%, while MFIOX has yielded a comparatively higher 2.37% annualized return.
BCPIX
- 1D
- 0.12%
- 1M
- -1.08%
- 6M
- -0.57%
- YTD
- -0.53%
- 1Y
- 1.72%
- 3Y*
- 3.82%
- 5Y*
- 0.37%
- 10Y*
- 1.54%
- ALL TIME*
- 1.27%
MFIOX
- 1D
- 0.00%
- 1M
- -1.36%
- 6M
- -0.72%
- YTD
- -0.51%
- 1Y
- 2.10%
- 3Y*
- 4.37%
- 5Y*
- 0.07%
- 10Y*
- 2.37%
- ALL TIME*
- 6.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
MFIOX MFS Income Fund | $0.00 | $0.00 | $0.00 |
BCPIX vs. MFIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | -0.53% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
MFIOX MFS Income Fund | -0.51% | 7.37% | 2.66% | 7.46% | -14.14% | -0.28% | 9.47% | 11.36% | -2.38% | 5.73% |
Correlation
The correlation between BCPIX and MFIOX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.79 |
The correlation between BCPIX and MFIOX shifts across timeframes, from 0.79 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BCPIX vs. MFIOX — Risk / Return Rank
BCPIX
MFIOX
BCPIX vs. MFIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Core Plus Fixed Income Fund (BCPIX) and MFS Income Fund (MFIOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BCPIX | MFIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.14 | -0.06 |
| Martin ratioReturn relative to average drawdown | 2.96 | 3.17 | -0.21 |
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Drawdowns
BCPIX vs. MFIOX - Drawdown Comparison
The maximum BCPIX drawdown since its inception was -22.43%, which is greater than MFIOX's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for BCPIX and MFIOX.
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Drawdown Indicators
| BCPIX | MFIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -19.07% | -3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.81% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -4.99% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -19.07% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | -19.07% | +3.88% |
Current DrawdownCurrent decline from peak | -1.74% | -2.08% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -2.18% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.01% | -0.06% |
Volatility
BCPIX vs. MFIOX - Volatility Comparison
Brandes Core Plus Fixed Income Fund (BCPIX) has a higher volatility of 0.95% compared to MFS Income Fund (MFIOX) at 0.88%. This indicates that BCPIX's price experiences larger fluctuations and is considered to be riskier than MFIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCPIX | MFIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.88% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.76% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 3.55% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 5.52% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 4.88% | -0.70% |
BCPIX vs. MFIOX - Expense Ratio Comparison
BCPIX has a 0.30% expense ratio, which is lower than MFIOX's 0.73% expense ratio.
Dividends
BCPIX vs. MFIOX - Dividend Comparison
BCPIX's dividend yield for the trailing twelve months is around 3.94%, less than MFIOX's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 3.94% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
MFIOX MFS Income Fund | 4.39% | 4.70% | 5.04% | 4.72% | 2.24% | 3.29% | 2.80% | 3.04% | 3.07% | 3.26% | 3.61% | 4.35% |
Frequently Asked Questions
With a correlation of 0.90, BCPIX and MFIOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BCPIX has higher volatility (0.95%) compared to MFIOX (0.88%). In terms of maximum drawdown, BCPIX dropped -22.43% vs MFIOX's -19.07%.
MFIOX currently has the higher Sharpe Ratio (0.91 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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