MACIX vs. MFIOX
MACIX (MFS Conservative Allocation Fund) and MFIOX (MFS Income Fund) are both mutual funds - MACIX is a Diversified Portfolio fund managed by MFS, while MFIOX is a Intermediate Core-Plus Bond fund managed by MFS. Over the past 10 years, MACIX returned 5.81%/yr vs 2.37%/yr for MFIOX. Their 0.26 correlation means their historical movements had little consistent relationship. MACIX charges 0.58%/yr vs 0.73%/yr for MFIOX.
Performance
MACIX vs. MFIOX - Performance Comparison
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Returns By Period
In the year-to-date period, MACIX achieves a 3.28% return, which is significantly higher than MFIOX's -0.51% return. Over the past 10 years, MACIX has outperformed MFIOX with an annualized return of 5.81%, while MFIOX has yielded a comparatively lower 2.37% annualized return.
MACIX
- 1D
- 0.58%
- 1M
- -0.11%
- 6M
- 1.90%
- YTD
- 3.28%
- 1Y
- 7.29%
- 3Y*
- 7.69%
- 5Y*
- 3.35%
- 10Y*
- 5.81%
- ALL TIME*
- 5.86%
MFIOX
- 1D
- 0.00%
- 1M
- -1.36%
- 6M
- -0.72%
- YTD
- -0.51%
- 1Y
- 2.10%
- 3Y*
- 4.37%
- 5Y*
- 0.07%
- 10Y*
- 2.37%
- ALL TIME*
- 6.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
MFIOX MFS Income Fund | $0.00 | $0.00 | $0.00 |
MACIX vs. MFIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MACIX MFS Conservative Allocation Fund | 3.28% | 9.32% | 6.88% | 10.74% | -13.30% | 8.15% | 11.88% | 17.36% | -2.82% | 11.04% |
MFIOX MFS Income Fund | -0.51% | 7.37% | 2.66% | 7.46% | -14.14% | -0.28% | 9.47% | 11.36% | -2.38% | 5.73% |
Correlation
The correlation between MACIX and MFIOX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2002 | 0.26 |
Over the past year, MACIX and MFIOX have become more correlated (0.55) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
MACIX vs. MFIOX — Risk / Return Rank
MACIX
MFIOX
MACIX vs. MFIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Conservative Allocation Fund (MACIX) and MFS Income Fund (MFIOX). 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.
| MACIX | MFIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.14 | +0.24 |
| Martin ratioReturn relative to average drawdown | 5.99 | 3.17 | +2.82 |
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Drawdowns
MACIX vs. MFIOX - Drawdown Comparison
The maximum MACIX drawdown since its inception was -25.35%, which is greater than MFIOX's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for MACIX and MFIOX.
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Drawdown Indicators
| MACIX | MFIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.35% | -19.07% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.04% | -2.81% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.32% | -4.99% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -19.07% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.41% | -19.07% | +0.66% |
Current DrawdownCurrent decline from peak | -0.51% | -2.08% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.18% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.01% | +0.15% |
Volatility
MACIX vs. MFIOX - Volatility Comparison
MFS Conservative Allocation Fund (MACIX) has a higher volatility of 1.37% compared to MFS Income Fund (MFIOX) at 0.88%. This indicates that MACIX's price experiences larger fluctuations and is considered to be riskier than MFIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MACIX | MFIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.88% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 2.76% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 3.55% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.52% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.13% | 4.88% | +2.25% |
MACIX vs. MFIOX - Expense Ratio Comparison
MACIX has a 0.58% expense ratio, which is lower than MFIOX's 0.73% expense ratio.
Dividends
MACIX vs. MFIOX - Dividend Comparison
MACIX's dividend yield for the trailing twelve months is around 5.88%, more than MFIOX's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MACIX MFS Conservative Allocation Fund | 5.88% | 6.07% | 7.08% | 3.47% | 3.61% | 3.89% | 3.01% | 3.65% | 5.14% | 4.60% | 2.76% | 1.95% |
MFIOX MFS Income Fund | 4.39% | 4.70% | 5.04% | 4.72% | 2.24% | 3.29% | 2.80% | 3.04% | 3.07% | 3.26% | 3.61% | 4.35% |
Frequently Asked Questions
MACIX and MFIOX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MACIX has higher volatility (1.37%) compared to MFIOX (0.88%). In terms of maximum drawdown, MACIX dropped -25.35% vs MFIOX's -19.07%.
MACIX currently has the higher Sharpe Ratio (1.26 vs 0.91), 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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