MEIAX vs. MFSCX
MEIAX (MFS Value Fund) and MFSCX (MFS South Carolina Municipal Bond Fund) are both mutual funds - MEIAX is a Large Cap Value Equities fund managed by MFS, while MFSCX is a Municipal Bonds fund managed by MFS. Over the past 10 years, MEIAX returned 9.88%/yr vs 1.62%/yr for MFSCX. At a correlation of -0.06, they often move in opposite directions. MEIAX charges 0.80%/yr vs 0.84%/yr for MFSCX.
Performance
MEIAX vs. MFSCX - Performance Comparison
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Returns By Period
In the year-to-date period, MEIAX achieves a 6.36% return, which is significantly higher than MFSCX's 2.19% return. Over the past 10 years, MEIAX has outperformed MFSCX with an annualized return of 9.88%, while MFSCX has yielded a comparatively lower 1.62% annualized return.
MEIAX
- 1D
- -0.26%
- 1M
- 1.30%
- YTD
- 6.36%
- 6M
- 6.57%
- 1Y
- 15.73%
- 3Y*
- 12.65%
- 5Y*
- 8.76%
- 10Y*
- 9.88%
MFSCX
- 1D
- 0.09%
- 1M
- 2.04%
- YTD
- 2.19%
- 6M
- 2.58%
- 1Y
- 7.82%
- 3Y*
- 3.77%
- 5Y*
- 0.45%
- 10Y*
- 1.62%
MEIAX vs. MFSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEIAX MFS Value Fund | 6.36% | 12.97% | 11.60% | 7.92% | -6.25% | 25.11% | 3.71% | 29.73% | -10.11% | 16.97% |
MFSCX MFS South Carolina Municipal Bond Fund | 2.19% | 4.22% | 1.97% | 5.59% | -11.11% | 1.77% | 4.03% | 6.75% | 1.03% | 4.33% |
Correlation
The correlation between MEIAX and MFSCX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1995 | -0.06 |
The correlation between MEIAX and MFSCX shifts across timeframes, from -0.06 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEIAX vs. MFSCX — Risk / Return Rank
MEIAX
MFSCX
MEIAX vs. MFSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund (MEIAX) and MFS South Carolina Municipal Bond Fund (MFSCX). 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.
| MEIAX | MFSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.59 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.52 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.04 | 8.51 | -0.47 |
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Drawdowns
MEIAX vs. MFSCX - Drawdown Comparison
The maximum MEIAX drawdown since its inception was -52.85%, which is greater than MFSCX's maximum drawdown of -16.34%. Use the drawdown chart below to compare losses from any high point for MEIAX and MFSCX.
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Drawdown Indicators
| MEIAX | MFSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.85% | -16.34% | -36.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -3.11% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -7.51% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -17.72% | -16.34% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | -16.34% | -20.37% |
Current DrawdownCurrent decline from peak | -1.42% | -0.01% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -2.19% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.92% | +1.05% |
Volatility
MEIAX vs. MFSCX - Volatility Comparison
MFS Value Fund (MEIAX) has a higher volatility of 3.21% compared to MFS South Carolina Municipal Bond Fund (MFSCX) at 0.88%. This indicates that MEIAX's price experiences larger fluctuations and is considered to be riskier than MFSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEIAX | MFSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 0.88% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 2.45% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 3.25% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 4.52% | +9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 4.15% | +12.41% |
MEIAX vs. MFSCX - Expense Ratio Comparison
MEIAX has a 0.80% expense ratio, which is lower than MFSCX's 0.84% expense ratio.
Dividends
MEIAX vs. MFSCX - Dividend Comparison
MEIAX's dividend yield for the trailing twelve months is around 8.96%, more than MFSCX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIAX MFS Value Fund | 8.96% | 9.34% | 9.10% | 8.21% | 7.36% | 3.10% | 2.42% | 2.97% | 3.36% | 3.87% | 2.84% | 5.73% |
MFSCX MFS South Carolina Municipal Bond Fund | 3.44% | 4.42% | 2.86% | 2.31% | 1.61% | 1.60% | 2.20% | 3.00% | 3.13% | 3.06% | 3.16% | 3.19% |
Frequently Asked Questions
MEIAX and MFSCX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEIAX has higher volatility (3.21%) compared to MFSCX (0.88%). In terms of maximum drawdown, MEIAX dropped -52.85% vs MFSCX's -16.34%.
MFSCX currently has the higher Sharpe Ratio (2.42 vs 1.49), 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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