MEIAX vs. MTLFX
MEIAX (MFS Value Fund) and MTLFX (MFS Municipal Limited Maturity Fund) are both mutual funds - MEIAX is a Large Cap Value Equities fund managed by MFS, while MTLFX is a Municipal Bonds fund managed by MFS. Over the past 10 years, MEIAX returned 9.90%/yr vs 1.94%/yr for MTLFX. Their -0.04 correlation means they have often moved in opposite directions in the past. MEIAX charges 0.80%/yr vs 0.60%/yr for MTLFX.
Performance
MEIAX vs. MTLFX - Performance Comparison
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Returns By Period
In the year-to-date period, MEIAX achieves a 10.34% return, which is significantly higher than MTLFX's 0.16% return. Over the past 10 years, MEIAX has outperformed MTLFX with an annualized return of 9.90%, while MTLFX has yielded a comparatively lower 1.94% annualized return.
MEIAX
- 1D
- 0.39%
- 1M
- 1.20%
- 6M
- 6.86%
- YTD
- 10.34%
- 1Y
- 18.52%
- 3Y*
- 12.81%
- 5Y*
- 8.46%
- 10Y*
- 9.90%
- ALL TIME*
- 10.07%
MTLFX
- 1D
- -0.13%
- 1M
- -1.12%
- 6M
- -0.60%
- YTD
- 0.16%
- 1Y
- 2.61%
- 3Y*
- 4.07%
- 5Y*
- 1.46%
- 10Y*
- 1.94%
- ALL TIME*
- 3.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MEIAX MFS Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MEIAX vs. MTLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEIAX MFS Value Fund | 10.34% | 12.97% | 11.60% | 7.92% | -6.25% | 25.11% | 3.71% | 29.73% | -10.11% | 16.97% |
MTLFX MFS Municipal Limited Maturity Fund | 0.16% | 6.04% | 3.41% | 4.36% | -5.65% | 0.70% | 3.27% | 5.50% | 1.28% | 3.24% |
Correlation
The correlation between MEIAX and MTLFX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1995 | -0.04 |
The correlation between MEIAX and MTLFX shifts across timeframes, from -0.04 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MEIAX vs. MTLFX — Risk / Return Rank
MEIAX
MTLFX
MEIAX vs. MTLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund (MEIAX) and MFS Municipal Limited Maturity Fund (MTLFX). 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 | MTLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.52 | +0.86 |
| Martin ratioReturn relative to average drawdown | 8.30 | 4.31 | +4.00 |
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Drawdowns
MEIAX vs. MTLFX - Drawdown Comparison
The maximum MEIAX drawdown since its inception was -52.85%, which is greater than MTLFX's maximum drawdown of -8.98%. Use the drawdown chart below to compare losses from any high point for MEIAX and MTLFX.
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Drawdown Indicators
| MEIAX | MTLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.85% | -8.98% | -43.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -2.08% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -2.50% | -10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.72% | -8.66% | -9.06% |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | -8.98% | -27.73% |
Current DrawdownCurrent decline from peak | -1.05% | -1.44% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -0.88% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.73% | +1.22% |
Volatility
MEIAX vs. MTLFX - Volatility Comparison
MFS Value Fund (MEIAX) has a higher volatility of 2.76% compared to MFS Municipal Limited Maturity Fund (MTLFX) at 0.53%. This indicates that MEIAX's price experiences larger fluctuations and is considered to be riskier than MTLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEIAX | MTLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.53% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 1.53% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 1.89% | +8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 2.26% | +11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 2.51% | +13.96% |
MEIAX vs. MTLFX - Expense Ratio Comparison
MEIAX has a 0.80% expense ratio, which is higher than MTLFX's 0.60% expense ratio.
Dividends
MEIAX vs. MTLFX - Dividend Comparison
MEIAX's dividend yield for the trailing twelve months is around 8.60%, more than MTLFX's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIAX MFS Value Fund | 8.60% | 9.34% | 9.10% | 8.21% | 7.36% | 3.10% | 2.42% | 2.97% | 3.36% | 3.87% | 2.84% | 5.73% |
MTLFX MFS Municipal Limited Maturity Fund | 2.86% | 4.06% | 3.34% | 2.32% | 1.13% | 1.30% | 1.75% | 2.27% | 2.13% | 2.07% | 1.95% | 1.75% |
Frequently Asked Questions
MEIAX and MTLFX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEIAX has higher volatility (2.76%) compared to MTLFX (0.53%). In terms of maximum drawdown, MEIAX dropped -52.85% vs MTLFX's -8.98%.
MTLFX currently has the higher Sharpe Ratio (1.66 vs 1.52), 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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