MGBLX vs. DAIOX
MGBLX (MFS Global Opportunistic Bond Fund Class R2) and DAIOX (Dunham International Opportunity Bond Fund) are both Global Bonds funds. Over the past 10 years, MGBLX returned 1.53%/yr vs 0.96%/yr for DAIOX. A 0.68 correlation means they provide meaningful diversification when combined. MGBLX charges 1.19%/yr vs 1.58%/yr for DAIOX.
Performance
MGBLX vs. DAIOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGBLX achieves a 0.68% return, which is significantly lower than DAIOX's 3.27% return. Over the past 10 years, MGBLX has outperformed DAIOX with an annualized return of 1.53%, while DAIOX has yielded a comparatively lower 0.96% annualized return.
MGBLX
- 1D
- 0.00%
- 1M
- 1.15%
- YTD
- 0.68%
- 6M
- 1.22%
- 1Y
- 4.04%
- 3Y*
- 4.31%
- 5Y*
- 0.42%
- 10Y*
- 1.53%
DAIOX
- 1D
- -0.13%
- 1M
- 1.29%
- YTD
- 3.27%
- 6M
- 3.64%
- 1Y
- 6.33%
- 3Y*
- 7.37%
- 5Y*
- 1.65%
- 10Y*
- 0.96%
MGBLX vs. DAIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGBLX MFS Global Opportunistic Bond Fund Class R2 | 0.68% | 5.38% | 1.81% | 7.69% | -11.57% | -3.48% | 10.52% | 7.91% | -2.66% | 7.22% |
DAIOX Dunham International Opportunity Bond Fund | 3.27% | 5.68% | 5.33% | 12.18% | -14.11% | -2.18% | 3.85% | 3.82% | -5.00% | 9.50% |
Correlation
The correlation between MGBLX and DAIOX is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.68 |
The correlation between MGBLX and DAIOX has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGBLX vs. DAIOX — Risk / Return Rank
MGBLX
DAIOX
MGBLX vs. DAIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and Dunham International Opportunity Bond Fund (DAIOX). 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.
| MGBLX | DAIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.41 | -1.16 |
| Martin ratioReturn relative to average drawdown | 3.64 | 9.99 | -6.36 |
Loading charts...
Drawdowns
MGBLX vs. DAIOX - Drawdown Comparison
The maximum MGBLX drawdown since its inception was -18.71%, smaller than the maximum DAIOX drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for MGBLX and DAIOX.
Loading charts...
Drawdown Indicators
| MGBLX | DAIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -27.58% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.58% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | -3.91% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -24.80% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -24.96% | +6.25% |
Current DrawdownCurrent decline from peak | -1.08% | -0.13% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -9.18% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.62% | +0.49% |
Volatility
MGBLX vs. DAIOX - Volatility Comparison
MFS Global Opportunistic Bond Fund Class R2 (MGBLX) has a higher volatility of 0.98% compared to Dunham International Opportunity Bond Fund (DAIOX) at 0.87%. This indicates that MGBLX's price experiences larger fluctuations and is considered to be riskier than DAIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGBLX | DAIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.87% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.85% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 3.23% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 4.66% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 5.86% | -1.21% |
MGBLX vs. DAIOX - Expense Ratio Comparison
MGBLX has a 1.19% expense ratio, which is lower than DAIOX's 1.58% expense ratio.
Dividends
MGBLX vs. DAIOX - Dividend Comparison
MGBLX's dividend yield for the trailing twelve months is around 4.24%, more than DAIOX's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAIOX Dunham International Opportunity Bond Fund | 3.93% | 4.22% | 4.16% | 4.56% | 7.17% | 2.88% | 2.23% | 0.23% | 0.42% | 0.11% | 1.10% | 0.05% |
MGBLX MFS Global Opportunistic Bond Fund Class R2 | 4.24% | 4.01% | 2.53% | 1.55% | 2.99% | 4.72% | 3.15% | 1.81% | 1.66% | 1.08% | 1.15% | 1.63% |
Frequently Asked Questions
MGBLX and DAIOX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGBLX has higher volatility (0.98%) compared to DAIOX (0.87%). In terms of maximum drawdown, MGBLX dropped -18.71% vs DAIOX's -27.58%.
DAIOX currently has the higher Sharpe Ratio (1.92 vs 1.19), 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.
Find the right allocation for MGBLX and DAIOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer