MGBLX vs. MEIIX

Last updated Jun 6, 2026

MGBLX (MFS Global Opportunistic Bond Fund Class R2) and MEIIX (MFS Value Fund Class I) are both mutual funds - MGBLX is a Global Bonds fund tracking the Bloomberg Global Aggregate Index (USD Hedged), while MEIIX is a Large Cap Value Equities fund managed by MFS. Over the past 10 years, MGBLX returned 1.57%/yr vs 9.92%/yr for MEIIX. At a 0.08 correlation, their price movements are largely independent. MGBLX charges 1.19%/yr vs 0.55%/yr for MEIIX.

Performance

MGBLX vs. MEIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and MFS Value Fund Class I (MEIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGBLX achieves a 0.31% return, which is significantly lower than MEIIX's 5.69% return. Over the past 10 years, MGBLX has underperformed MEIIX with an annualized return of 1.57%, while MEIIX has yielded a comparatively higher 9.92% annualized return.

MGBLX

• 1D: 0.12%
• 1M: 0.04%
• YTD: 0.31%
• 6M: 0.60%
• 1Y: 3.91%
• 3Y*: 4.18%
• 5Y*: 0.39%
• 10Y*: 1.57%

MEIIX

• 1D: 1.57%
• 1M: 0.99%
• YTD: 5.69%
• 6M: 7.30%
• 1Y: 15.03%
• 3Y*: 13.77%
• 5Y*: 7.92%
• 10Y*: 9.92%

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

MGBLX vs. MEIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGBLX MFS Global Opportunistic Bond Fund Class R2	0.31%	5.38%	1.81%	7.69%	-11.57%	-3.48%	10.52%	7.91%	-2.66%	7.22%
MEIIX MFS Value Fund Class I	5.69%	13.26%	11.86%	8.21%	-6.02%	25.43%	3.99%	30.04%	-9.90%	17.20%

Correlation

The correlation between MGBLX and MEIIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010	0.08

The correlation between MGBLX and MEIIX shifts across timeframes, from 0.07 (10 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MGBLX vs. MEIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGBLX

MGBLX Risk / Return Rank: 16
MGBLX Sharpe Ratio Rank: 17
MGBLX Sortino Ratio Rank: 19
MGBLX Omega Ratio Rank: 17
MGBLX Calmar Ratio Rank: 14
MGBLX Martin Ratio Rank: 13

MEIIX

MEIIX Risk / Return Rank: 30
MEIIX Sharpe Ratio Rank: 27
MEIIX Sortino Ratio Rank: 26
MEIIX Omega Ratio Rank: 25
MEIIX Calmar Ratio Rank: 37
MEIIX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGBLX vs. MEIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and MFS Value Fund Class I (MEIIX). 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.

	MGBLX	MEIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.41	-0.30
Sortino ratio: Return per unit of downside risk	1.71	2.06	-0.35
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	1.17	2.19	-1.02
Martin ratio: Return relative to average drawdown	3.53	7.56	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGBLX vs. MEIIX - Sharpe Ratio Comparison

The current MGBLX Sharpe Ratio is 1.12, which is comparable to the MEIIX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of MGBLX and MEIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGBLX	MEIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	1.41	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.57	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.60	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.57	-0.27

Drawdowns

MGBLX vs. MEIIX - Drawdown Comparison

The maximum MGBLX drawdown since its inception was -18.71%, smaller than the maximum MEIIX drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for MGBLX and MEIIX.

Drawdown Indicators

	MGBLX	MEIIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.71%	-52.64%	+33.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-6.76%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-5.74%	-13.19%	+7.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	-17.58%	+0.48%
Max Drawdown (10Y) Largest decline over 10 years	-18.71%	-36.70%	+17.99%
Current Drawdown Current decline from peak	-1.45%	-0.68%	-0.77%
Average Drawdown Average peak-to-trough decline	-6.55%	-6.55%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.96%	-0.89%

Volatility

MGBLX vs. MEIIX - Volatility Comparison

The current volatility for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) is 1.34%, while MFS Value Fund Class I (MEIIX) has a volatility of 2.72%. This indicates that MGBLX experiences smaller price fluctuations and is considered to be less risky than MEIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGBLX	MEIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	2.72%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	7.85%	-5.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	10.49%	-7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.29%	13.94%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	16.56%	-11.91%

MGBLX vs. MEIIX - Expense Ratio Comparison

MGBLX has a 1.19% expense ratio, which is higher than MEIIX's 0.55% expense ratio.

Dividends

MGBLX vs. MEIIX - Dividend Comparison

MGBLX's dividend yield for the trailing twelve months is around 4.25%, less than MEIIX's 9.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIIX MFS Value Fund Class I	9.20%	9.52%	9.30%	8.41%	7.58%	3.32%	2.63%	3.17%	3.62%	4.04%	2.91%	5.97%
MGBLX MFS Global Opportunistic Bond Fund Class R2	4.25%	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

Can I hold both MGBLX and MEIIX in my portfolio?

MGBLX and MEIIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGBLX or MEIIX?

MEIIX has higher volatility (2.72%) compared to MGBLX (1.34%). In terms of maximum drawdown, MGBLX dropped -18.71% vs MEIIX's -52.64%.

Which has better risk-adjusted returns?

MEIIX currently has the higher Sharpe Ratio (1.41 vs 1.12), 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.