MFJIX vs. MEIKX

Last updated Jun 25, 2026

MFJIX (MFS Lifetime 2060 Fund) and MEIKX (MFS Value Fund) are both mutual funds - MFJIX is a Target Retirement Date fund managed by MFS, while MEIKX is a Large Cap Value Equities fund managed by MFS. Over the past 5 years, MFJIX returned 8.48%/yr vs 8.66%/yr for MEIKX. Their correlation of 0.85 suggests significant overlap in exposure. MFJIX charges 0.00%/yr vs 0.43%/yr for MEIKX.

Performance

MFJIX vs. MEIKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Lifetime 2060 Fund (MFJIX) and MFS Value Fund (MEIKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFJIX achieves a 9.12% return, which is significantly higher than MEIKX's 6.47% return.

MFJIX

• 1D: -1.42%
• 1M: 0.47%
• YTD: 9.12%
• 6M: 8.15%
• 1Y: 17.98%
• 3Y*: 16.14%
• 5Y*: 8.48%
• 10Y*: —

MEIKX

• 1D: -0.43%
• 1M: 1.27%
• YTD: 6.47%
• 6M: 5.23%
• 1Y: 14.42%
• 3Y*: 13.70%
• 5Y*: 8.66%
• 10Y*: 10.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFJIX vs. MEIKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFJIX MFS Lifetime 2060 Fund	9.12%	16.16%	13.21%	16.87%	-15.79%	20.41%	13.46%	26.96%	-7.92%	20.67%
MEIKX MFS Value Fund	6.47%	13.37%	11.98%	8.32%	-5.92%	25.59%	4.09%	30.18%	-9.81%	17.26%

Correlation

The correlation between MFJIX and MEIKX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.85

The correlation between MFJIX and MEIKX shifts across timeframes, from 0.73 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MFJIX vs. MEIKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFJIX

MFJIX Risk / Return Rank: 47
MFJIX Sharpe Ratio Rank: 46
MFJIX Sortino Ratio Rank: 45
MFJIX Omega Ratio Rank: 46
MFJIX Calmar Ratio Rank: 44
MFJIX Martin Ratio Rank: 53

MEIKX

MEIKX Risk / Return Rank: 33
MEIKX Sharpe Ratio Rank: 30
MEIKX Sortino Ratio Rank: 30
MEIKX Omega Ratio Rank: 27
MEIKX Calmar Ratio Rank: 39
MEIKX Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MFJIX vs. MEIKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2060 Fund (MFJIX) and MFS Value Fund (MEIKX). 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.

	MFJIX	MEIKX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.43	+0.29
Sortino ratio: Return per unit of downside risk	2.43	2.09	+0.34
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.28	2.25	+0.03
Martin ratio: Return relative to average drawdown	9.62	7.76	+1.87

MFJIX vs. MEIKX - Sharpe Ratio Comparison

The current MFJIX Sharpe Ratio is 1.72, which is comparable to the MEIKX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of MFJIX and MEIKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MFJIX vs. MEIKX - Drawdown Comparison

The maximum MFJIX drawdown since its inception was -32.96%, smaller than the maximum MEIKX drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for MFJIX and MEIKX.

Drawdown Indicators

	MFJIX	MEIKX	Difference
Max Drawdown Largest peak-to-trough decline	-32.96%	-56.81%	+23.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-6.76%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.56%	-13.15%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-23.20%	-17.50%	-5.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.68%	—
Current Drawdown Current decline from peak	-1.82%	-1.49%	-0.33%
Average Drawdown Average peak-to-trough decline	-4.38%	-9.42%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.95%	+0.03%

Volatility

MFJIX vs. MEIKX - Volatility Comparison

MFS Lifetime 2060 Fund (MFJIX) has a higher volatility of 4.24% compared to MFS Value Fund (MEIKX) at 3.27%. This indicates that MFJIX's price experiences larger fluctuations and is considered to be riskier than MEIKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFJIX	MEIKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.27%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	7.90%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	10.65%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	13.92%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	16.51%	-1.30%

MFJIX vs. MEIKX - Expense Ratio Comparison

MFJIX has a 0.00% expense ratio, which is lower than MEIKX's 0.43% expense ratio.

Dividends

MFJIX vs. MEIKX - Dividend Comparison

MFJIX's dividend yield for the trailing twelve months is around 5.90%, less than MEIKX's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIKX MFS Value Fund	9.32%	9.72%	9.49%	8.58%	7.77%	3.43%	2.75%	3.28%	3.76%	4.14%	3.84%	6.12%
MFJIX MFS Lifetime 2060 Fund	5.90%	6.44%	4.08%	3.18%	5.33%	6.26%	1.76%	2.77%	2.93%	2.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFJIX and MEIKX in my portfolio?

MFJIX and MEIKX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFJIX or MEIKX?

MFJIX has higher volatility (4.24%) compared to MEIKX (3.27%). In terms of maximum drawdown, MFJIX dropped -32.96% vs MEIKX's -56.81%.

Which has better risk-adjusted returns?

MFJIX currently has the higher Sharpe Ratio (1.72 vs 1.43), 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.