JPO vs. MGRDX

Last updated Jun 3, 2026

JPO (YieldMax JPM Option Income Strategy ETF) and MGRDX (MFS International Growth Fund R6) are both funds - JPO is a Options Trading fund actively managed by Tidal, while MGRDX is a Foreign Large Cap Equities fund actively managed by MFS. Both are actively managed. Over the past year, JPO returned 12.42% vs 10.65% for MGRDX. At a 0.33 correlation, their price movements are largely independent. JPO charges 1.19%/yr vs 0.72%/yr for MGRDX.

Performance

JPO vs. MGRDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax JPM Option Income Strategy ETF (JPO) and MFS International Growth Fund R6 (MGRDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPO achieves a -4.00% return, which is significantly lower than MGRDX's 3.71% return.

JPO

• 1D: 1.66%
• 1M: -2.71%
• YTD: -4.00%
• 6M: -0.79%
• 1Y: 12.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGRDX

• 1D: -0.22%
• 1M: 2.67%
• YTD: 3.71%
• 6M: 4.91%
• 1Y: 10.65%
• 3Y*: 12.45%
• 5Y*: 6.29%
• 10Y*: 10.01%

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

JPO vs. MGRDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPO YieldMax JPM Option Income Strategy ETF	-4.00%	22.26%	13.97%	5.08%
MGRDX MFS International Growth Fund R6	3.71%	21.18%	9.22%	6.12%

Correlation

The correlation between JPO and MGRDX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.33

Return for Risk

JPO vs. MGRDX — Risk / Return Rank

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

JPO

JPO Risk / Return Rank: 20
JPO Sharpe Ratio Rank: 20
JPO Sortino Ratio Rank: 19
JPO Omega Ratio Rank: 20
JPO Calmar Ratio Rank: 20
JPO Martin Ratio Rank: 20

MGRDX

MGRDX Risk / Return Rank: 10
MGRDX Sharpe Ratio Rank: 11
MGRDX Sortino Ratio Rank: 11
MGRDX Omega Ratio Rank: 10
MGRDX Calmar Ratio Rank: 9
MGRDX Martin Ratio Rank: 10

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.

JPO vs. MGRDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax JPM Option Income Strategy ETF (JPO) and MFS International Growth Fund R6 (MGRDX). 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.

	JPO	MGRDX	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.88	-0.21
Sortino ratio Return per unit of downside risk	0.97	1.32	-0.34
Omega ratio Gain probability vs. loss probability	1.13	1.16	-0.03
Calmar ratio Return relative to maximum drawdown	0.91	0.95	-0.04
Martin ratio Return relative to average drawdown	2.29	3.22	-0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPO vs. MGRDX - Sharpe Ratio Comparison

The current JPO Sharpe Ratio is 0.67, which is comparable to the MGRDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of JPO and MGRDX, 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

	JPO	MGRDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.88	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.29	+0.41

Drawdowns

JPO vs. MGRDX - Drawdown Comparison

The maximum JPO drawdown since its inception was -24.80%, smaller than the maximum MGRDX drawdown of -60.75%. Use the drawdown chart below to compare losses from any high point for JPO and MGRDX.

Drawdown Indicators

	JPO	MGRDX	Difference
Max Drawdown Largest peak-to-trough decline	-24.80%	-60.75%	+35.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-12.39%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.60%	—
Current Drawdown Current decline from peak	-6.81%	-3.15%	-3.66%
Average Drawdown Average peak-to-trough decline	-4.59%	-12.43%	+7.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.68%	3.66%	+2.02%

Volatility

JPO vs. MGRDX - Volatility Comparison

YieldMax JPM Option Income Strategy ETF (JPO) has a higher volatility of 6.13% compared to MFS International Growth Fund R6 (MGRDX) at 3.94%. This indicates that JPO's price experiences larger fluctuations and is considered to be riskier than MGRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPO	MGRDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	3.94%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	15.19%	10.68%	+4.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	13.28%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	15.62%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	15.77%	+3.29%

JPO vs. MGRDX - Expense Ratio Comparison

JPO has a 1.19% expense ratio, which is higher than MGRDX's 0.72% expense ratio.

Dividends

JPO vs. MGRDX - Dividend Comparison

JPO's dividend yield for the trailing twelve months is around 34.21%, more than MGRDX's 5.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPO YieldMax JPM Option Income Strategy ETF	34.21%	34.13%	25.15%	4.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MGRDX MFS International Growth Fund R6	5.43%	5.63%	6.35%	2.90%	3.06%	6.97%	0.80%	1.51%	4.20%	2.61%	1.45%	1.20%

Frequently Asked Questions

Can I hold both JPO and MGRDX in my portfolio?

JPO and MGRDX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPO or MGRDX?

JPO has higher volatility (6.13%) compared to MGRDX (3.94%). In terms of maximum drawdown, JPO dropped -24.80% vs MGRDX's -60.75%.

Which has better risk-adjusted returns?

MGRDX currently has the higher Sharpe Ratio (0.88 vs 0.67), 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.