ILCB vs. MITTX

Last updated Jun 4, 2026

ILCB (iShares Morningstar U.S. Equity ETF) and MITTX (MFS Massachusetts Investors Trust) are both funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while MITTX is a Large Cap Blend Equities fund managed by MFS. Over the past 10 years, ILCB returned 15.00%/yr vs 13.61%/yr for MITTX. Their correlation of 0.94 suggests significant overlap in exposure. ILCB charges 0.03%/yr vs 0.70%/yr for MITTX.

Performance

ILCB vs. MITTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and MFS Massachusetts Investors Trust (MITTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILCB achieves a 11.12% return, which is significantly higher than MITTX's 8.10% return. Over the past 10 years, ILCB has outperformed MITTX with an annualized return of 15.00%, while MITTX has yielded a comparatively lower 13.61% annualized return.

ILCB

• 1D: -0.67%
• 1M: 5.29%
• YTD: 11.12%
• 6M: 11.10%
• 1Y: 28.03%
• 3Y*: 22.69%
• 5Y*: 13.45%
• 10Y*: 15.00%

MITTX

• 1D: 0.08%
• 1M: 3.36%
• YTD: 8.10%
• 6M: 8.84%
• 1Y: 20.83%
• 3Y*: 17.69%
• 5Y*: 10.36%
• 10Y*: 13.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ILCB vs. MITTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCB iShares Morningstar U.S. Equity ETF	11.12%	17.70%	24.96%	26.91%	-19.48%	24.07%	19.40%	32.68%	-8.51%	22.09%
MITTX MFS Massachusetts Investors Trust	8.10%	13.67%	19.69%	19.26%	-16.27%	26.73%	18.72%	31.92%	-5.56%	23.55%

Correlation

The correlation between ILCB and MITTX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 6, 2004	0.94

The correlation between ILCB and MITTX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

ILCB vs. MITTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILCB

ILCB Risk / Return Rank: 69
ILCB Sharpe Ratio Rank: 70
ILCB Sortino Ratio Rank: 69
ILCB Omega Ratio Rank: 70
ILCB Calmar Ratio Rank: 62
ILCB Martin Ratio Rank: 75

MITTX

MITTX Risk / Return Rank: 40
MITTX Sharpe Ratio Rank: 42
MITTX Sortino Ratio Rank: 39
MITTX Omega Ratio Rank: 41
MITTX Calmar Ratio Rank: 33
MITTX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ILCB vs. MITTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and MFS Massachusetts Investors Trust (MITTX). 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.

	ILCB	MITTX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.89	+0.46
Sortino ratio: Return per unit of downside risk	3.20	2.62	+0.58
Omega ratio: Gain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratio: Return relative to maximum drawdown	3.10	2.17	+0.93
Martin ratio: Return relative to average drawdown	14.24	9.43	+4.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILCB vs. MITTX - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 2.35, which is comparable to the MITTX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ILCB and MITTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ILCB	MITTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.89	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.66	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.79	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.43	+0.20

Drawdowns

ILCB vs. MITTX - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, roughly equal to the maximum MITTX drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for ILCB and MITTX.

Drawdown Indicators

	ILCB	MITTX	Difference
Max Drawdown Largest peak-to-trough decline	-51.53%	-49.54%	-1.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-9.76%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-16.10%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-23.27%	-2.20%
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	-33.45%	-1.85%
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-6.24%	-10.54%	+4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.24%	-0.27%

Volatility

ILCB vs. MITTX - Volatility Comparison

iShares Morningstar U.S. Equity ETF (ILCB) has a higher volatility of 2.88% compared to MFS Massachusetts Investors Trust (MITTX) at 2.44%. This indicates that ILCB's price experiences larger fluctuations and is considered to be riskier than MITTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCB	MITTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.44%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	8.56%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	11.21%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	15.68%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	17.21%	+0.95%

ILCB vs. MITTX - Expense Ratio Comparison

ILCB has a 0.03% expense ratio, which is lower than MITTX's 0.70% expense ratio.

Dividends

ILCB vs. MITTX - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 0.97%, less than MITTX's 13.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	0.97%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
MITTX MFS Massachusetts Investors Trust	13.25%	14.33%	14.47%	10.96%	9.35%	8.66%	8.14%	7.58%	13.49%	7.27%	5.55%	6.02%

Frequently Asked Questions

Can I hold both ILCB and MITTX in my portfolio?

With a correlation of 0.95, ILCB and MITTX 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.

Which is riskier, ILCB or MITTX?

ILCB has higher volatility (2.88%) compared to MITTX (2.44%). In terms of maximum drawdown, ILCB dropped -51.53% vs MITTX's -49.54%.

Which has better risk-adjusted returns?

ILCB currently has the higher Sharpe Ratio (2.35 vs 1.89), 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.