MFWTX vs. MALOX

Last updated Aug 1, 2026

MFWTX (MFS Global Total Return Fund) and MALOX (BlackRock Global Allocation Fund) are both Global Allocation funds. Over the past 10 years, MFWTX returned 6.35%/yr vs 8.16%/yr for MALOX. Their correlation of 0.82 means they have usually moved in the same direction. MFWTX charges 1.09%/yr vs 0.81%/yr for MALOX.

Performance

MFWTX vs. MALOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Global Total Return Fund (MFWTX) and BlackRock Global Allocation Fund (MALOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFWTX achieves a 8.13% return, which is significantly higher than MALOX's 6.23% return. Over the past 10 years, MFWTX has underperformed MALOX with an annualized return of 6.35%, while MALOX has yielded a comparatively higher 8.16% annualized return.

MFWTX

• 1D: 0.70%
• 1M: 2.14%
• 6M: 4.45%
• YTD: 8.13%
• 1Y: 15.13%
• 3Y*: 10.42%
• 5Y*: 5.27%
• 10Y*: 6.35%
• ALL TIME*: 7.85%

MALOX

• 1D: 1.65%
• 1M: -1.50%
• 6M: 3.29%
• YTD: 6.23%
• 1Y: 15.55%
• 3Y*: 12.79%
• 5Y*: 5.67%
• 10Y*: 8.16%
• ALL TIME*: 8.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MALOX BlackRock Global Allocation Fund	$0.00	$0.00	$0.00
MFWTX MFS Global Total Return Fund	$0.00	$0.00	$0.00

MFWTX vs. MALOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFWTX MFS Global Total Return Fund	8.13%	15.48%	3.92%	10.29%	-10.86%	8.31%	9.35%	18.25%	-7.19%	14.77%
MALOX BlackRock Global Allocation Fund	6.23%	19.63%	9.23%	12.63%	-15.86%	6.69%	24.93%	17.56%	-7.40%	13.59%

Correlation

The correlation between MFWTX and MALOX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Aug 31, 1990	0.82

The correlation between MFWTX and MALOX shifts across timeframes, from 0.76 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MFWTX vs. MALOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MFWTX

MFWTX Risk / Return Rank: 73
MFWTX Sharpe Ratio Rank: 82
MFWTX Sortino Ratio Rank: 82
MFWTX Omega Ratio Rank: 79
MFWTX Calmar Ratio Rank: 64
MFWTX Martin Ratio Rank: 57

MALOX

MALOX Risk / Return Rank: 54
MALOX Sharpe Ratio Rank: 56
MALOX Sortino Ratio Rank: 56
MALOX Omega Ratio Rank: 53
MALOX Calmar Ratio Rank: 49
MALOX Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MFWTX vs. MALOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Global Total Return Fund (MFWTX) and BlackRock Global Allocation Fund (MALOX). 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.

	MFWTX	MALOX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.39	+0.56
Sortino ratio: Return per unit of downside risk	2.88	2.01	+0.87
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.12
Calmar ratio: Return relative to maximum drawdown	2.16	1.79	+0.38
Martin ratio: Return relative to average drawdown	7.66	7.28	+0.38

MFWTX vs. MALOX - Sharpe Ratio Comparison

The current MFWTX Sharpe Ratio is 1.96, which is higher than the MALOX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MFWTX and MALOX, 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

MFWTX vs. MALOX - Drawdown Comparison

The maximum MFWTX drawdown since its inception was -33.22%, roughly equal to the maximum MALOX drawdown of -32.83%. Use the drawdown chart below to compare losses from any high point for MFWTX and MALOX.

Drawdown Indicators

	MFWTX	MALOX	Difference
Max Drawdown Largest peak-to-trough decline	-33.22%	-32.83%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-8.31%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-8.56%	-10.04%	+1.48%
Max Drawdown (5Y) Largest decline over 5 years	-20.36%	-22.76%	+2.40%
Max Drawdown (10Y) Largest decline over 10 years	-23.37%	-22.76%	-0.61%
Current Drawdown Current decline from peak	0.00%	-2.52%	+2.52%
Average Drawdown Average peak-to-trough decline	-3.54%	-3.91%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.04%	-0.14%

Volatility

MFWTX vs. MALOX - Volatility Comparison

The current volatility for MFS Global Total Return Fund (MFWTX) is 1.78%, while BlackRock Global Allocation Fund (MALOX) has a volatility of 3.38%. This indicates that MFWTX experiences smaller price fluctuations and is considered to be less risky than MALOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFWTX	MALOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	3.38%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	5.90%	9.10%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	7.46%	10.70%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.13%	11.03%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.57%	10.75%	-1.18%

MFWTX vs. MALOX - Expense Ratio Comparison

MFWTX has a 1.09% expense ratio, which is higher than MALOX's 0.81% expense ratio.

Dividends

MFWTX vs. MALOX - Dividend Comparison

MFWTX's dividend yield for the trailing twelve months is around 7.66%, less than MALOX's 10.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALOX BlackRock Global Allocation Fund	10.80%	9.22%	7.68%	1.54%	6.01%	10.32%	10.15%	5.68%	5.50%	4.81%	2.10%	9.86%
MFWTX MFS Global Total Return Fund	7.66%	8.42%	8.94%	3.69%	2.64%	10.29%	7.20%	4.41%	3.33%	2.17%	1.13%	4.29%

Frequently Asked Questions

Can I hold both MFWTX and MALOX in my portfolio?

MFWTX and MALOX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFWTX or MALOX?

MALOX has higher volatility (3.38%) compared to MFWTX (1.78%). In terms of maximum drawdown, MFWTX dropped -33.22% vs MALOX's -32.83%.

Which has better risk-adjusted returns?

MFWTX currently has the higher Sharpe Ratio (1.96 vs 1.39), 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.