MFALX vs. FGNSX
MFALX (MFS Alabama Municipal Bond Fund) and FGNSX (Strategic Advisers Tax-Sensitive Short Duration Fund) are both Municipal Bonds funds. Over the past 5 years, MFALX returned -0.11%/yr vs 2.09%/yr for FGNSX. Their 0.44 correlation means their historical movements had little consistent relationship. MFALX charges 0.90%/yr vs 0.07%/yr for FGNSX.
Performance
MFALX vs. FGNSX - Performance Comparison
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Returns By Period
In the year-to-date period, MFALX achieves a 0.43% return, which is significantly lower than FGNSX's 0.82% return.
MFALX
- 1D
- -0.32%
- 1M
- -2.31%
- 6M
- -0.16%
- YTD
- 0.43%
- 1Y
- 5.75%
- 3Y*
- 3.24%
- 5Y*
- -0.11%
- 10Y*
- 1.49%
- ALL TIME*
- 4.41%
FGNSX
- 1D
- 0.00%
- 1M
- -0.20%
- 6M
- 0.62%
- YTD
- 0.82%
- 1Y
- 1.90%
- 3Y*
- 3.06%
- 5Y*
- 2.09%
- 10Y*
- —
- ALL TIME*
- 1.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MFALX vs. FGNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFALX MFS Alabama Municipal Bond Fund | 0.43% | 4.49% | 1.31% | 5.87% | -11.27% | 1.87% | 4.05% | 7.24% | 1.04% | 0.38% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 0.82% | 3.08% | 3.47% | 3.56% | -0.36% | 0.14% | 1.04% | 2.11% | 1.47% | -0.10% |
Correlation
The correlation between MFALX and FGNSX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017 | 0.44 |
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Return for Risk
MFALX vs. FGNSX — Risk / Return Rank
MFALX
FGNSX
MFALX vs. FGNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Alabama Municipal Bond Fund (MFALX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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.
| MFALX | FGNSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.35 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 5.03 | -2.89 |
| Martin ratioReturn relative to average drawdown | 7.22 | 21.40 | -14.17 |
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Drawdowns
MFALX vs. FGNSX - Drawdown Comparison
The maximum MFALX drawdown since its inception was -16.68%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for MFALX and FGNSX.
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Drawdown Indicators
| MFALX | FGNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -2.35% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -0.50% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -2.35% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -2.35% | -14.25% |
Max Drawdown (10Y)Largest decline over 10 years | -16.68% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | -0.20% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -0.24% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.11% | +0.84% |
Volatility
MFALX vs. FGNSX - Volatility Comparison
MFS Alabama Municipal Bond Fund (MFALX) has a higher volatility of 1.05% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.25%. This indicates that MFALX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFALX | FGNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.25% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 0.68% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 1.01% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 2.06% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 1.64% | +2.72% |
MFALX vs. FGNSX - Expense Ratio Comparison
MFALX has a 0.90% expense ratio, which is higher than FGNSX's 0.07% expense ratio.
Dividends
MFALX vs. FGNSX - Dividend Comparison
MFALX's dividend yield for the trailing twelve months is around 3.00%, more than FGNSX's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 2.08% | 2.63% | 3.31% | 2.57% | 0.84% | 0.34% | 0.83% | 1.79% | 1.36% | 0.00% | 0.00% | 0.00% |
MFALX MFS Alabama Municipal Bond Fund | 3.00% | 4.22% | 2.79% | 2.34% | 1.62% | 1.57% | 2.21% | 2.92% | 3.32% | 3.39% | 3.59% | 3.89% |
Frequently Asked Questions
MFALX and FGNSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFALX has higher volatility (1.05%) compared to FGNSX (0.25%). In terms of maximum drawdown, MFALX dropped -16.68% vs FGNSX's -2.35%.
FGNSX currently has the higher Sharpe Ratio (2.47 vs 2.10), 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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