GGMMX vs. MFWIX
GGMMX (Gabelli Global Mini MitesTM Fund) and MFWIX (MFS Global Total Return Fund Class I) are both Global Equities funds. Over the past 5 years, GGMMX returned 8.12%/yr vs 5.52%/yr for MFWIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. GGMMX charges 0.90%/yr vs 0.84%/yr for MFWIX.
Performance
GGMMX vs. MFWIX - Performance Comparison
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Returns By Period
In the year-to-date period, GGMMX achieves a 17.68% return, which is significantly higher than MFWIX's 8.22% return.
GGMMX
- 1D
- 1.27%
- 1M
- -1.53%
- 6M
- 12.68%
- YTD
- 17.68%
- 1Y
- 30.59%
- 3Y*
- 14.59%
- 5Y*
- 8.12%
- 10Y*
- —
- ALL TIME*
- 11.62%
MFWIX
- 1D
- 0.77%
- 1M
- 2.18%
- 6M
- 4.54%
- YTD
- 8.22%
- 1Y
- 15.44%
- 3Y*
- 10.66%
- 5Y*
- 5.52%
- 10Y*
- 6.60%
- ALL TIME*
- 7.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GGMMX vs. MFWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GGMMX Gabelli Global Mini MitesTM Fund | 17.68% | 10.57% | 1.65% | 39.12% | -16.24% | 19.30% | 15.86% | 3.52% |
MFWIX MFS Global Total Return Fund Class I | 8.22% | 15.70% | 4.25% | 10.52% | -10.62% | 8.59% | 9.63% | 9.85% |
Correlation
The correlation between GGMMX and MFWIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 20, 2019 | 0.68 |
The correlation between GGMMX and MFWIX has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
GGMMX vs. MFWIX — Risk / Return Rank
GGMMX
MFWIX
GGMMX vs. MFWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Global Mini MitesTM Fund (GGMMX) and MFS Global Total Return Fund Class I (MFWIX). 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.
| GGMMX | MFWIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.21 | +1.31 |
| Martin ratioReturn relative to average drawdown | 11.67 | 7.81 | +3.86 |
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Drawdowns
GGMMX vs. MFWIX - Drawdown Comparison
The maximum GGMMX drawdown since its inception was -40.23%, which is greater than MFWIX's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for GGMMX and MFWIX.
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Drawdown Indicators
| GGMMX | MFWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -33.01% | -7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -6.73% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -8.51% | -14.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -20.22% | -8.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.36% | — |
Current DrawdownCurrent decline from peak | -3.43% | 0.00% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -3.80% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.90% | +0.54% |
Volatility
GGMMX vs. MFWIX - Volatility Comparison
Gabelli Global Mini MitesTM Fund (GGMMX) has a higher volatility of 3.91% compared to MFS Global Total Return Fund Class I (MFWIX) at 1.86%. This indicates that GGMMX's price experiences larger fluctuations and is considered to be riskier than MFWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGMMX | MFWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 1.86% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 5.91% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 7.47% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 9.15% | +8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.95% | 9.58% | +10.37% |
GGMMX vs. MFWIX - Expense Ratio Comparison
GGMMX has a 0.90% expense ratio, which is higher than MFWIX's 0.84% expense ratio.
Dividends
GGMMX vs. MFWIX - Dividend Comparison
GGMMX's dividend yield for the trailing twelve months is around 5.75%, less than MFWIX's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGMMX Gabelli Global Mini MitesTM Fund | 5.75% | 6.77% | 0.00% | 11.14% | 6.22% | 14.98% | 0.54% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% |
MFWIX MFS Global Total Return Fund Class I | 7.99% | 8.77% | 9.36% | 3.98% | 2.94% | 10.71% | 7.53% | 4.70% | 3.64% | 2.36% | 1.40% | 4.59% |
Frequently Asked Questions
GGMMX and MFWIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGMMX has higher volatility (3.91%) compared to MFWIX (1.86%). In terms of maximum drawdown, GGMMX dropped -40.23% vs MFWIX's -33.01%.
GGMMX currently has the higher Sharpe Ratio (2.01 vs 1.99), 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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