MFSSX vs. CGDV
Compare and contrast key facts about MFS Massachusetts Municipal Bond Fund (MFSSX) and Capital Group Dividend Value ETF (CGDV).
MFSSX is managed by MFS. It was launched on Apr 8, 1985. CGDV is an actively managed fund by Capital Group. It was launched on Feb 22, 2022.
Performance
MFSSX vs. CGDV - Performance Comparison
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MFSSX vs. CGDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MFSSX MFS Massachusetts Municipal Bond Fund | -0.66% | 4.04% | 1.94% | 5.59% | -8.02% |
CGDV Capital Group Dividend Value ETF | -2.26% | 25.50% | 20.10% | 28.81% | -2.89% |
Returns By Period
In the year-to-date period, MFSSX achieves a -0.66% return, which is significantly higher than CGDV's -2.26% return.
MFSSX
- 1D
- 0.20%
- 1M
- -2.52%
- YTD
- -0.66%
- 6M
- 0.95%
- 1Y
- 3.30%
- 3Y*
- 2.72%
- 5Y*
- 0.29%
- 10Y*
- 1.66%
CGDV
- 1D
- 2.88%
- 1M
- -6.44%
- YTD
- -2.26%
- 6M
- 1.93%
- 1Y
- 20.99%
- 3Y*
- 21.38%
- 5Y*
- —
- 10Y*
- —
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MFSSX vs. CGDV - Expense Ratio Comparison
MFSSX has a 0.83% expense ratio, which is higher than CGDV's 0.33% expense ratio.
Return for Risk
MFSSX vs. CGDV — Risk / Return Rank
MFSSX
CGDV
MFSSX vs. CGDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Municipal Bond Fund (MFSSX) and Capital Group Dividend Value ETF (CGDV). 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.
| MFSSX | CGDV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.26 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.83 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.01 | -1.15 |
Martin ratioReturn relative to average drawdown | 2.71 | 8.64 | -5.94 |
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
| MFSSX | CGDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.26 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.04 | +0.06 |
Correlation
The correlation between MFSSX and CGDV is 0.10, 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
MFSSX vs. CGDV - Dividend Comparison
MFSSX's dividend yield for the trailing twelve months is around 3.23%, more than CGDV's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFSSX MFS Massachusetts Municipal Bond Fund | 3.23% | 4.20% | 2.81% | 2.43% | 1.84% | 1.91% | 2.44% | 3.27% | 3.42% | 3.74% | 3.64% | 3.70% |
CGDV Capital Group Dividend Value ETF | 1.34% | 1.29% | 1.60% | 1.65% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MFSSX vs. CGDV - Drawdown Comparison
The maximum MFSSX drawdown since its inception was -17.05%, smaller than the maximum CGDV drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for MFSSX and CGDV.
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Drawdown Indicators
| MFSSX | CGDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -21.82% | +4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -10.91% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.13% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -7.15% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -3.72% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.54% | -0.89% |
Volatility
MFSSX vs. CGDV - Volatility Comparison
The current volatility for MFS Massachusetts Municipal Bond Fund (MFSSX) is 1.13%, while Capital Group Dividend Value ETF (CGDV) has a volatility of 5.60%. This indicates that MFSSX experiences smaller price fluctuations and is considered to be less risky than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFSSX | CGDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 5.60% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 9.27% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 16.77% | -11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 15.62% | -11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 15.62% | -11.29% |