MCFTX vs. V
MCFTX (MFS California Municipal Bond Fund) is Municipal Bonds fund managed by MFS, while V (Visa Inc.) is a stock. Over the past 10 years, MCFTX returned 1.79%/yr vs 17.51%/yr for V. Their -0.05 correlation means they have often moved in opposite directions in the past.
Performance
MCFTX vs. V - Performance Comparison
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Returns By Period
In the year-to-date period, MCFTX achieves a 0.52% return, which is significantly lower than V's 4.83% return. Over the past 10 years, MCFTX has underperformed V with an annualized return of 1.79%, while V has yielded a comparatively higher 17.51% annualized return.
MCFTX
- 1D
- -0.36%
- 1M
- -2.33%
- 6M
- 0.04%
- YTD
- 0.52%
- 1Y
- 6.27%
- 3Y*
- 3.32%
- 5Y*
- -0.17%
- 10Y*
- 1.79%
- ALL TIME*
- 4.41%
V
- 1D
- -0.04%
- 1M
- 1.10%
- 6M
- 14.24%
- YTD
- 4.83%
- 1Y
- 8.74%
- 3Y*
- 16.03%
- 5Y*
- 9.06%
- 10Y*
- 17.51%
- ALL TIME*
- 19.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.62B | $2.81B | $2.79B |
MCFTX vs. V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCFTX MFS California Municipal Bond Fund | 0.52% | 4.06% | 2.46% | 6.33% | -12.26% | 2.95% | 4.02% | 8.58% | 0.96% | 6.17% |
V Visa Inc. | 4.83% | 11.76% | 22.32% | 26.31% | -3.40% | -0.31% | 17.12% | 43.33% | 16.49% | 47.18% |
Correlation
The correlation between MCFTX and V is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008 | -0.05 |
The correlation between MCFTX and V shifts across timeframes, from -0.05 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MCFTX vs. V — Risk / Return Rank
MCFTX
V
MCFTX vs. V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS California Municipal Bond Fund (MCFTX) and Visa Inc. (V). 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.
| MCFTX | V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.07 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.40 | +1.80 |
| Martin ratioReturn relative to average drawdown | 7.76 | 0.88 | +6.87 |
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Drawdowns
MCFTX vs. V - Drawdown Comparison
The maximum MCFTX drawdown since its inception was -18.59%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for MCFTX and V.
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Drawdown Indicators
| MCFTX | V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -51.90% | +33.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -17.18% | +13.80% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | -20.38% | +13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -25.79% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -18.46% | -36.36% | +17.90% |
Current DrawdownCurrent decline from peak | -2.33% | -1.15% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -8.25% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 7.74% | -6.78% |
Volatility
MCFTX vs. V - Volatility Comparison
The current volatility for MFS California Municipal Bond Fund (MCFTX) is 1.25%, while Visa Inc. (V) has a volatility of 6.62%. This indicates that MCFTX experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCFTX | V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 6.62% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 17.20% | -14.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 22.05% | -18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 22.93% | -18.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 24.44% | -19.70% |
Dividends
MCFTX vs. V - Dividend Comparison
MCFTX's dividend yield for the trailing twelve months is around 3.32%, more than V's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCFTX MFS California Municipal Bond Fund | 3.32% | 4.63% | 3.15% | 2.81% | 2.17% | 2.27% | 2.60% | 3.23% | 3.47% | 3.62% | 3.59% | 3.92% |
V Visa Inc. | 0.71% | 0.70% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% |
Frequently Asked Questions
MCFTX and V have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
V has higher volatility (6.62%) compared to MCFTX (1.25%). In terms of maximum drawdown, MCFTX dropped -18.59% vs V's -51.90%.
MCFTX currently has the higher Sharpe Ratio (2.04 vs 0.31), 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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