MFSCX vs. DFSMX
Compare and contrast key facts about MFS South Carolina Municipal Bond Fund (MFSCX) and DFA Short Term Municipal Bond Portfolio (DFSMX).
MFSCX is managed by MFS. It was launched on Oct 30, 1984. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
MFSCX vs. DFSMX - Performance Comparison
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MFSCX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFSCX MFS South Carolina Municipal Bond Fund | -0.80% | 4.22% | 1.97% | 5.59% | -11.11% | 1.77% | 4.03% | 6.75% | 1.03% | 4.33% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.15% |
Returns By Period
In the year-to-date period, MFSCX achieves a -0.80% return, which is significantly lower than DFSMX's 0.55% return. Over the past 10 years, MFSCX has outperformed DFSMX with an annualized return of 1.49%, while DFSMX has yielded a comparatively lower 1.23% annualized return.
MFSCX
- 1D
- 0.18%
- 1M
- -2.94%
- YTD
- -0.80%
- 6M
- 0.81%
- 1Y
- 3.43%
- 3Y*
- 2.72%
- 5Y*
- 0.20%
- 10Y*
- 1.49%
DFSMX
- 1D
- 0.04%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- 1.23%
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MFSCX vs. DFSMX - Expense Ratio Comparison
MFSCX has a 0.84% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
MFSCX vs. DFSMX — Risk / Return Rank
MFSCX
DFSMX
MFSCX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS South Carolina Municipal Bond Fund (MFSCX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| MFSCX | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 3.68 | -2.92 |
Sortino ratioReturn per unit of downside risk | 1.04 | 6.50 | -5.46 |
Omega ratioGain probability vs. loss probability | 1.20 | 3.20 | -1.99 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 4.59 | -3.74 |
Martin ratioReturn relative to average drawdown | 2.43 | 21.83 | -19.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFSCX | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 3.68 | -2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 2.11 | -2.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 1.60 | -1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.78 | -0.71 |
Correlation
The correlation between MFSCX and DFSMX is 0.38, 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.
Dividends
MFSCX vs. DFSMX - Dividend Comparison
MFSCX's dividend yield for the trailing twelve months is around 3.45%, more than DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFSCX MFS South Carolina Municipal Bond Fund | 3.45% | 4.42% | 2.86% | 2.31% | 1.61% | 1.60% | 2.20% | 3.00% | 3.13% | 3.06% | 3.16% | 3.19% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
MFSCX vs. DFSMX - Drawdown Comparison
The maximum MFSCX drawdown since its inception was -16.34%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for MFSCX and DFSMX.
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Drawdown Indicators
| MFSCX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.34% | -2.66% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -0.39% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -1.67% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -16.34% | -1.69% | -14.65% |
Current DrawdownCurrent decline from peak | -2.94% | -0.06% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.24% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.10% | +1.82% |
Volatility
MFSCX vs. DFSMX - Volatility Comparison
MFS South Carolina Municipal Bond Fund (MFSCX) has a higher volatility of 1.30% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that MFSCX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFSCX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 0.11% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 0.37% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 0.68% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 0.78% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 0.77% | +3.35% |