INTAX vs. MEDIX
INTAX (Columbia Strategic Municipal Income Fund) and MEDIX (MFS Emerging Markets Debt Fund) are both mutual funds - INTAX is a Municipal Bonds fund managed by Columbia, while MEDIX is a Emerging Markets Bonds fund managed by MFS. Over the past 10 years, INTAX returned 2.16%/yr vs 3.66%/yr for MEDIX. At a 0.25 correlation, their price movements are largely independent. INTAX charges 0.78%/yr vs 0.81%/yr for MEDIX.
Performance
INTAX vs. MEDIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with INTAX having a 2.59% return and MEDIX slightly lower at 2.54%. Over the past 10 years, INTAX has underperformed MEDIX with an annualized return of 2.16%, while MEDIX has yielded a comparatively higher 3.66% annualized return.
INTAX
- 1D
- -0.07%
- 1M
- 2.13%
- YTD
- 2.59%
- 6M
- 3.06%
- 1Y
- 8.35%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 2.16%
MEDIX
- 1D
- -0.23%
- 1M
- 1.57%
- YTD
- 2.54%
- 6M
- 3.17%
- 1Y
- 11.37%
- 3Y*
- 9.00%
- 5Y*
- 2.08%
- 10Y*
- 3.66%
INTAX vs. MEDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INTAX Columbia Strategic Municipal Income Fund | 2.59% | 3.80% | 3.72% | 7.92% | -14.56% | 2.65% | 5.05% | 8.83% | 0.51% | 7.32% |
MEDIX MFS Emerging Markets Debt Fund | 2.54% | 12.48% | 5.92% | 9.42% | -15.97% | -2.40% | 8.01% | 14.12% | -4.99% | 9.64% |
Correlation
The correlation between INTAX and MEDIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1998 | 0.25 |
Over the past year, INTAX and MEDIX have become more correlated (0.58) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
INTAX vs. MEDIX — Risk / Return Rank
INTAX
MEDIX
INTAX vs. MEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Strategic Municipal Income Fund (INTAX) and MFS Emerging Markets Debt Fund (MEDIX). 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.
| INTAX | MEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.61 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.82 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.17 | 12.28 | -3.11 |
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Drawdowns
INTAX vs. MEDIX - Drawdown Comparison
The maximum INTAX drawdown since its inception was -36.87%, roughly equal to the maximum MEDIX drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for INTAX and MEDIX.
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Drawdown Indicators
| INTAX | MEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.87% | -35.31% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -4.12% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -8.91% | -7.48% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.74% | -27.40% | +6.66% |
Max Drawdown (10Y)Largest decline over 10 years | -20.74% | -27.40% | +6.66% |
Current DrawdownCurrent decline from peak | -0.07% | -0.47% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -4.44% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.94% | -0.01% |
Volatility
INTAX vs. MEDIX - Volatility Comparison
The current volatility for Columbia Strategic Municipal Income Fund (INTAX) is 0.91%, while MFS Emerging Markets Debt Fund (MEDIX) has a volatility of 1.13%. This indicates that INTAX experiences smaller price fluctuations and is considered to be less risky than MEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INTAX | MEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.13% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 3.28% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 3.97% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.90% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.87% | -0.45% |
INTAX vs. MEDIX - Expense Ratio Comparison
INTAX has a 0.78% expense ratio, which is lower than MEDIX's 0.81% expense ratio.
Dividends
INTAX vs. MEDIX - Dividend Comparison
INTAX's dividend yield for the trailing twelve months is around 3.77%, less than MEDIX's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INTAX Columbia Strategic Municipal Income Fund | 3.77% | 4.97% | 3.79% | 3.08% | 2.76% | 2.45% | 2.46% | 3.45% | 3.79% | 3.76% | 4.09% | 4.36% |
MEDIX MFS Emerging Markets Debt Fund | 5.04% | 5.22% | 5.68% | 4.90% | 5.51% | 4.33% | 4.07% | 4.59% | 4.87% | 4.46% | 4.86% | 5.25% |
Frequently Asked Questions
INTAX and MEDIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEDIX has higher volatility (1.13%) compared to INTAX (0.91%). In terms of maximum drawdown, INTAX dropped -36.87% vs MEDIX's -35.31%.
MEDIX currently has the higher Sharpe Ratio (2.93 vs 2.41), 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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