MCIFX vs. MIFIX
Compare and contrast key facts about Miller Convertible Bond Fund (MCIFX) and Miller Intermediate Bond Fund (MIFIX).
MCIFX is managed by Miller Investment. It was launched on Dec 26, 2007. MIFIX is managed by Miller Investment. It was launched on Dec 31, 2014.
Performance
MCIFX vs. MIFIX - Performance Comparison
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MCIFX vs. MIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCIFX Miller Convertible Bond Fund | -1.07% | 6.35% | 5.75% | 6.06% | -10.55% | 4.40% | 19.61% | 13.28% | -5.64% | 7.30% |
MIFIX Miller Intermediate Bond Fund | -0.64% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
Returns By Period
In the year-to-date period, MCIFX achieves a -1.07% return, which is significantly lower than MIFIX's -0.64% return. Over the past 10 years, MCIFX has outperformed MIFIX with an annualized return of 5.25%, while MIFIX has yielded a comparatively lower 4.90% annualized return.
MCIFX
- 1D
- -0.24%
- 1M
- -3.88%
- YTD
- -1.07%
- 6M
- 0.59%
- 1Y
- 5.93%
- 3Y*
- 5.36%
- 5Y*
- 1.66%
- 10Y*
- 5.25%
MIFIX
- 1D
- -0.06%
- 1M
- -1.99%
- YTD
- -0.64%
- 6M
- 1.05%
- 1Y
- 5.25%
- 3Y*
- 6.36%
- 5Y*
- 2.80%
- 10Y*
- 4.90%
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MCIFX vs. MIFIX - Expense Ratio Comparison
MCIFX has a 0.97% expense ratio, which is lower than MIFIX's 0.99% expense ratio.
Return for Risk
MCIFX vs. MIFIX — Risk / Return Rank
MCIFX
MIFIX
MCIFX vs. MIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Convertible Bond Fund (MCIFX) and Miller Intermediate Bond Fund (MIFIX). 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.
| MCIFX | MIFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.60 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.36 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.84 | -0.70 |
Martin ratioReturn relative to average drawdown | 4.28 | 6.91 | -2.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCIFX | MIFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.60 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.55 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.91 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.90 | -0.19 |
Correlation
The correlation between MCIFX and MIFIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MCIFX vs. MIFIX - Dividend Comparison
MCIFX's dividend yield for the trailing twelve months is around 4.92%, more than MIFIX's 4.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCIFX Miller Convertible Bond Fund | 4.92% | 4.10% | 4.12% | 3.55% | 3.99% | 7.69% | 3.43% | 2.96% | 5.31% | 5.59% | 2.45% | 2.46% |
MIFIX Miller Intermediate Bond Fund | 4.20% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
Drawdowns
MCIFX vs. MIFIX - Drawdown Comparison
The maximum MCIFX drawdown since its inception was -29.19%, which is greater than MIFIX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for MCIFX and MIFIX.
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Drawdown Indicators
| MCIFX | MIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.19% | -15.58% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -2.68% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.75% | -11.87% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -17.36% | -15.58% | -1.78% |
Current DrawdownCurrent decline from peak | -4.53% | -2.68% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -2.08% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.71% | +0.50% |
Volatility
MCIFX vs. MIFIX - Volatility Comparison
Miller Convertible Bond Fund (MCIFX) has a higher volatility of 1.54% compared to Miller Intermediate Bond Fund (MIFIX) at 0.76%. This indicates that MCIFX's price experiences larger fluctuations and is considered to be riskier than MIFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCIFX | MIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.76% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 2.06% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 3.22% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 5.09% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 5.40% | +1.56% |