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LFLIX vs. MMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LFLIX vs. MMT

Last updated Jun 23, 2026

LFLIX (BrandywineGLOBAL - Flexible Bond Fund) and MMT (MFS Multimarket Income Trust) are both Multisector Bonds funds. Over the past 5 years, LFLIX returned 2.34%/yr vs 2.01%/yr for MMT. At a 0.31 correlation, their price movements are largely independent. LFLIX charges 0.75%/yr vs 0.03%/yr for MMT.

Performance

LFLIX vs. MMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and MFS Multimarket Income Trust (MMT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LFLIX achieves a 3.03% return, which is significantly higher than MMT's 0.86% return.

LFLIX

1D
-0.21%
1M
1.38%
YTD
3.03%
6M
3.59%
1Y
8.28%
3Y*
6.56%
5Y*
2.34%
10Y*
—

MMT

1D
0.45%
1M
0.74%
YTD
0.86%
6M
0.64%
1Y
6.20%
3Y*
9.33%
5Y*
2.01%
10Y*
5.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LFLIX vs. MMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LFLIX
BrandywineGLOBAL - Flexible Bond Fund		3.03%8.82%2.95%9.57%-10.87%1.05%15.00%10.84%-2.07%4.29%
MMT
MFS Multimarket Income Trust		0.86%8.10%12.40%10.14%-22.96%13.11%8.88%30.32%-7.70%9.29%

Correlation

The correlation between LFLIX and MMT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.31

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BrandywineGLOBAL - Flexible Bond Fund

MFS Multimarket Income Trust

Often compared with LFLIX:
LFLIX vs. MDFIXLFLIX vs. DBLLFLIX vs. DLYLFLIX vs. CBLDXLFLIX vs. FCBYXLFLIX vs. PFLEXLFLIX vs. TSIIX
Often compared with MMT:
MMT vs. VGIMMT vs. KIOMMT vs. EVGMMT vs. JMMMMT vs. TQPAXMMT vs. PFLMMT vs. JSVIX

Return for Risk

LFLIX vs. MMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LFLIX
LFLIX Risk / Return Rank: 6363
Overall Rank
LFLIX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
LFLIX Sortino Ratio Rank: 6767
Sortino Ratio Rank
LFLIX Omega Ratio Rank: 6363
Omega Ratio Rank
LFLIX Calmar Ratio Rank: 7070
Calmar Ratio Rank
LFLIX Martin Ratio Rank: 5757
Martin Ratio Rank
MMT
MMT Risk / Return Rank: 1010
Overall Rank
MMT Sharpe Ratio Rank: 99
Sharpe Ratio Rank
MMT Sortino Ratio Rank: 99
Sortino Ratio Rank
MMT Omega Ratio Rank: 99
Omega Ratio Rank
MMT Calmar Ratio Rank: 1313
Calmar Ratio Rank
MMT Martin Ratio Rank: 1111
Martin Ratio Rank
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.

LFLIX vs. MMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and MFS Multimarket Income Trust (MMT). 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.

LFLIXMMTDifference
Sharpe ratioReturn per unit of total volatility
2.04
0.70

+1.35

Sortino ratioReturn per unit of downside risk
3.10
1.07

+2.03

Omega ratioGain probability vs. loss probability

1.40

1.13

+0.27

Calmar ratioReturn relative to maximum drawdown

3.10

1.14

+1.95

Martin ratioReturn relative to average drawdown

10.72

2.88

+7.84

LFLIX vs. MMT - Sharpe Ratio Comparison

The current LFLIX Sharpe Ratio is 2.04, which is higher than the MMT Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of LFLIX and MMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LFLIX vs. MMT - Drawdown Comparison

The maximum LFLIX drawdown since its inception was -16.73%, smaller than the maximum MMT drawdown of -35.70%. Use the drawdown chart below to compare losses from any high point for LFLIX and MMT.

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Drawdown Indicators

LFLIXMMTDifference

Max Drawdown

Largest peak-to-trough decline

-16.73%

-35.70%

+18.97%

Max Drawdown (1Y)

Largest decline over 1 year

-2.72%

-5.43%

+2.71%

Max Drawdown (3Y)

Largest decline over 3 years

-7.54%

-8.23%

+0.69%

Max Drawdown (5Y)

Largest decline over 5 years

-16.73%

-32.29%

+15.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.70%

—

Current Drawdown

Current decline from peak

-0.52%

-2.79%

+2.27%

Average Drawdown

Average peak-to-trough decline

-2.85%

-5.25%

+2.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

2.15%

-1.37%

Volatility

LFLIX vs. MMT - Volatility Comparison

The current volatility for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) is 1.42%, while MFS Multimarket Income Trust (MMT) has a volatility of 2.48%. This indicates that LFLIX experiences smaller price fluctuations and is considered to be less risky than MMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LFLIXMMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.42%

2.48%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

3.47%

6.93%

-3.46%

Volatility (1Y)

Calculated over the trailing 1-year period

4.13%

8.97%

-4.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.74%

11.62%

-5.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.09%

14.30%

-9.21%

LFLIX vs. MMT - Expense Ratio Comparison

LFLIX has a 0.75% expense ratio, which is higher than MMT's 0.03% expense ratio.

Dividends

LFLIX vs. MMT - Dividend Comparison

LFLIX's dividend yield for the trailing twelve months is around 6.93%, less than MMT's 8.96% yield.

PositionTTM20252024202320222021202020192018201720162015
LFLIX
BrandywineGLOBAL - Flexible Bond Fund		6.93%6.67%8.94%5.36%3.28%2.90%3.62%6.04%3.67%3.06%0.00%0.00%
MMT
MFS Multimarket Income Trust		8.96%8.65%8.65%8.65%9.38%7.86%8.07%8.16%9.86%8.83%8.71%9.05%

Frequently Asked Questions

LFLIX and MMT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MMT has higher volatility (2.48%) compared to LFLIX (1.42%). In terms of maximum drawdown, LFLIX dropped -16.73% vs MMT's -35.70%.

LFLIX currently has the higher Sharpe Ratio (2.04 vs 0.70), 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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