MFSSX vs. LSMSX
Compare and contrast key facts about MFS Massachusetts Municipal Bond Fund (MFSSX) and Western Asset SMASh Series TF Fund (LSMSX).
MFSSX is managed by MFS. It was launched on Apr 8, 1985. LSMSX is managed by Franklin Templeton. It was launched on Dec 22, 2015.
Performance
MFSSX vs. LSMSX - Performance Comparison
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MFSSX vs. LSMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFSSX MFS Massachusetts Municipal Bond Fund | -0.37% | 4.04% | 1.94% | 5.59% | -10.79% | 2.02% | 3.71% | 7.56% | 0.77% | 4.42% |
LSMSX Western Asset SMASh Series TF Fund | 0.04% | 3.22% | 2.22% | 7.96% | -10.03% | 4.11% | 4.48% | 8.16% | 0.46% | 4.92% |
Returns By Period
In the year-to-date period, MFSSX achieves a -0.37% return, which is significantly lower than LSMSX's 0.04% return.
MFSSX
- 1D
- 0.30%
- 1M
- -1.95%
- YTD
- -0.37%
- 6M
- 1.15%
- 1Y
- 3.20%
- 3Y*
- 2.82%
- 5Y*
- 0.33%
- 10Y*
- 1.69%
LSMSX
- 1D
- 0.31%
- 1M
- -2.02%
- YTD
- 0.04%
- 6M
- 1.43%
- 1Y
- 3.42%
- 3Y*
- 3.36%
- 5Y*
- 1.17%
- 10Y*
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MFSSX vs. LSMSX - Expense Ratio Comparison
MFSSX has a 0.83% expense ratio, which is higher than LSMSX's 0.01% expense ratio.
Return for Risk
MFSSX vs. LSMSX — Risk / Return Rank
MFSSX
LSMSX
MFSSX vs. LSMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Municipal Bond Fund (MFSSX) and Western Asset SMASh Series TF Fund (LSMSX). 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 | LSMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.69 | 0.00 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.91 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.67 | +0.19 |
Martin ratioReturn relative to average drawdown | 2.70 | 1.88 | +0.82 |
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 | LSMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.26 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.59 | +0.51 |
Correlation
The correlation between MFSSX and LSMSX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MFSSX vs. LSMSX - Dividend Comparison
MFSSX's dividend yield for the trailing twelve months is around 3.22%, less than LSMSX's 3.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFSSX MFS Massachusetts Municipal Bond Fund | 3.22% | 4.20% | 2.81% | 2.43% | 1.84% | 1.91% | 2.44% | 3.27% | 3.42% | 3.74% | 3.64% | 3.70% |
LSMSX Western Asset SMASh Series TF Fund | 3.96% | 3.83% | 4.30% | 3.37% | 2.38% | 2.73% | 2.33% | 2.55% | 2.34% | 0.90% | 0.00% | 0.00% |
Drawdowns
MFSSX vs. LSMSX - Drawdown Comparison
The maximum MFSSX drawdown since its inception was -17.05%, which is greater than LSMSX's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for MFSSX and LSMSX.
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Drawdown Indicators
| MFSSX | LSMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -15.00% | -2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -6.21% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -15.00% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -16.13% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -2.32% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -2.88% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.22% | -0.56% |
Volatility
MFSSX vs. LSMSX - Volatility Comparison
MFS Massachusetts Municipal Bond Fund (MFSSX) and Western Asset SMASh Series TF Fund (LSMSX) have volatilities of 1.19% and 1.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFSSX | LSMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.16% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 1.63% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 5.77% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 4.45% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.52% | -0.19% |