LSOFX vs. MNWIX

Last updated Jun 4, 2026

LSOFX (LS Opportunity Fund - Institutional Class) and MNWIX (MFS Managed Wealth Fund) are both Long-Short funds. Over the past 10 years, LSOFX returned 6.77%/yr vs 3.88%/yr for MNWIX. A 0.50 correlation means they provide meaningful diversification when combined. LSOFX charges 1.95%/yr vs 0.67%/yr for MNWIX.

Performance

LSOFX vs. MNWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LS Opportunity Fund - Institutional Class (LSOFX) and MFS Managed Wealth Fund (MNWIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LSOFX having a 1.39% return and MNWIX slightly lower at 1.35%. Over the past 10 years, LSOFX has outperformed MNWIX with an annualized return of 6.77%, while MNWIX has yielded a comparatively lower 3.88% annualized return.

LSOFX

• 1D: -0.33%
• 1M: -1.35%
• YTD: 1.39%
• 6M: 1.82%
• 1Y: 4.09%
• 3Y*: 7.44%
• 5Y*: 4.43%
• 10Y*: 6.77%

MNWIX

• 1D: 0.00%
• 1M: 1.05%
• YTD: 1.35%
• 6M: 2.12%
• 1Y: 4.07%
• 3Y*: 6.30%
• 5Y*: 4.04%
• 10Y*: 3.88%

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

LSOFX vs. MNWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSOFX LS Opportunity Fund - Institutional Class	1.39%	3.85%	8.28%	11.00%	-3.12%	12.42%	4.35%	18.31%	-3.57%	9.59%
MNWIX MFS Managed Wealth Fund	1.35%	7.71%	6.42%	5.41%	-2.15%	1.35%	3.11%	8.70%	2.10%	6.70%

Correlation

The correlation between LSOFX and MNWIX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.50

Over the past year, LSOFX and MNWIX have become more correlated (0.72) than their long-term average of 0.50, meaning their price movements have been converging.

Return for Risk

LSOFX vs. MNWIX — Risk / Return Rank

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

LSOFX

LSOFX Risk / Return Rank: 7
LSOFX Sharpe Ratio Rank: 7
LSOFX Sortino Ratio Rank: 7
LSOFX Omega Ratio Rank: 6
LSOFX Calmar Ratio Rank: 8
LSOFX Martin Ratio Rank: 8

MNWIX

MNWIX Risk / Return Rank: 9
MNWIX Sharpe Ratio Rank: 9
MNWIX Sortino Ratio Rank: 9
MNWIX Omega Ratio Rank: 9
MNWIX Calmar Ratio Rank: 7
MNWIX 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.

LSOFX vs. MNWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LS Opportunity Fund - Institutional Class (LSOFX) and MFS Managed Wealth Fund (MNWIX). 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.

	LSOFX	MNWIX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	0.72	-0.16
Sortino ratio: Return per unit of downside risk	0.88	1.08	-0.20
Omega ratio: Gain probability vs. loss probability	1.10	1.13	-0.03
Calmar ratio: Return relative to maximum drawdown	0.82	0.72	+0.10
Martin ratio: Return relative to average drawdown	2.29	2.88	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSOFX vs. MNWIX - Sharpe Ratio Comparison

The current LSOFX Sharpe Ratio is 0.56, which is comparable to the MNWIX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of LSOFX and MNWIX, 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

	LSOFX	MNWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.72	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	1.02	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	1.01	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.87	-0.23

Drawdowns

LSOFX vs. MNWIX - Drawdown Comparison

The maximum LSOFX drawdown since its inception was -22.05%, which is greater than MNWIX's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for LSOFX and MNWIX.

Drawdown Indicators

	LSOFX	MNWIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-5.57%	-16.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.36%	-5.57%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-10.43%	-5.57%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-13.00%	-5.57%	-7.43%
Max Drawdown (10Y) Largest decline over 10 years	-22.05%	-5.57%	-16.48%
Current Drawdown Current decline from peak	-2.09%	-0.15%	-1.94%
Average Drawdown Average peak-to-trough decline	-3.33%	-1.13%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.39%	+0.52%

Volatility

LSOFX vs. MNWIX - Volatility Comparison

LS Opportunity Fund - Institutional Class (LSOFX) has a higher volatility of 2.12% compared to MFS Managed Wealth Fund (MNWIX) at 1.39%. This indicates that LSOFX's price experiences larger fluctuations and is considered to be riskier than MNWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSOFX	MNWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	1.39%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	5.80%	4.40%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	7.80%	5.54%	+2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.82%	3.97%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.25%	3.84%	+6.41%

LSOFX vs. MNWIX - Expense Ratio Comparison

LSOFX has a 1.95% expense ratio, which is higher than MNWIX's 0.67% expense ratio.

Dividends

LSOFX vs. MNWIX - Dividend Comparison

LSOFX's dividend yield for the trailing twelve months is around 4.74%, more than MNWIX's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSOFX LS Opportunity Fund - Institutional Class	4.74%	4.81%	0.98%	0.00%	5.27%	4.35%	1.28%	2.35%	2.71%	3.91%	0.00%	6.74%
MNWIX MFS Managed Wealth Fund	0.75%	0.76%	1.13%	0.78%	0.70%	0.13%	0.24%	0.54%	0.42%	0.94%	2.65%	1.19%

Frequently Asked Questions

Can I hold both LSOFX and MNWIX in my portfolio?

LSOFX and MNWIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSOFX or MNWIX?

LSOFX has higher volatility (2.12%) compared to MNWIX (1.39%). In terms of maximum drawdown, LSOFX dropped -22.05% vs MNWIX's -5.57%.

Which has better risk-adjusted returns?

MNWIX currently has the higher Sharpe Ratio (0.72 vs 0.56), 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.