MFIOX vs. SPAXX
Compare and contrast key facts about MFS Income Fund (MFIOX) and Fidelity Government Money Market Fund (SPAXX).
MFIOX is managed by MFS. It was launched on Oct 29, 1987. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFIOX or SPAXX.
Correlation
The correlation between MFIOX and SPAXX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MFIOX vs. SPAXX - Performance Comparison
Key characteristics
MFIOX:
1.14
SPAXX:
3.45
MFIOX:
1.71%
SPAXX:
0.00%
MFIOX:
5.00%
SPAXX:
1.29%
MFIOX:
-41.67%
SPAXX:
0.00%
MFIOX:
-5.57%
SPAXX:
0.00%
Returns By Period
Over the past 10 years, MFIOX has outperformed SPAXX with an annualized return of 2.31%, while SPAXX has yielded a comparatively lower 1.21% annualized return.
MFIOX
1.11%
1.29%
0.17%
5.50%
0.36%
2.31%
SPAXX
0.00%
0.00%
1.94%
4.49%
2.21%
1.21%
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MFIOX vs. SPAXX - Expense Ratio Comparison
Risk-Adjusted Performance
MFIOX vs. SPAXX — Risk-Adjusted Performance Rank
MFIOX
SPAXX
MFIOX vs. SPAXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Income Fund (MFIOX) and Fidelity Government Money Market Fund (SPAXX). 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.
Dividends
MFIOX vs. SPAXX - Dividend Comparison
MFIOX's dividend yield for the trailing twelve months is around 5.03%, more than SPAXX's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIOX MFS Income Fund | 5.03% | 5.04% | 4.72% | 2.97% | 2.30% | 2.65% | 3.05% | 3.07% | 3.27% | 3.63% | 4.01% | 4.24% |
SPAXX Fidelity Government Money Market Fund | 4.39% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MFIOX vs. SPAXX - Drawdown Comparison
The maximum MFIOX drawdown since its inception was -41.67%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MFIOX and SPAXX. For additional features, visit the drawdowns tool.
Volatility
MFIOX vs. SPAXX - Volatility Comparison
MFS Income Fund (MFIOX) has a higher volatility of 1.23% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that MFIOX's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.