MGBLX vs. MIEIX
MGBLX (MFS Global Opportunistic Bond Fund Class R2) and MIEIX (MFS International Equity Fund Class R6) are both mutual funds - MGBLX is a Global Bonds fund tracking the Bloomberg Global Aggregate Index (USD Hedged), while MIEIX is a Foreign Large Cap Equities fund managed by MFS. Over the past 10 years, MGBLX returned 1.53%/yr vs 9.95%/yr for MIEIX. At a 0.25 correlation, their price movements are largely independent. MGBLX charges 1.19%/yr vs 0.68%/yr for MIEIX.
Performance
MGBLX vs. MIEIX - Performance Comparison
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Returns By Period
In the year-to-date period, MGBLX achieves a 0.68% return, which is significantly lower than MIEIX's 3.10% return. Over the past 10 years, MGBLX has underperformed MIEIX with an annualized return of 1.53%, while MIEIX has yielded a comparatively higher 9.95% 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%
MIEIX
- 1D
- 0.38%
- 1M
- 0.50%
- YTD
- 3.10%
- 6M
- 3.18%
- 1Y
- 12.13%
- 3Y*
- 10.86%
- 5Y*
- 7.46%
- 10Y*
- 9.95%
MGBLX vs. MIEIX - 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% |
MIEIX MFS International Equity Fund Class R6 | 3.10% | 23.22% | 4.13% | 19.06% | -14.82% | 15.13% | 11.11% | 28.42% | -10.66% | 28.01% |
Correlation
The correlation between MGBLX and MIEIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.25 |
Over the past year, MGBLX and MIEIX have become more correlated (0.47) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
MGBLX vs. MIEIX — Risk / Return Rank
MGBLX
MIEIX
MGBLX vs. MIEIX - 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 International Equity Fund Class R6 (MIEIX). 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 | MIEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.00 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.64 | 3.48 | +0.15 |
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Drawdowns
MGBLX vs. MIEIX - Drawdown Comparison
The maximum MGBLX drawdown since its inception was -18.71%, smaller than the maximum MIEIX drawdown of -53.13%. Use the drawdown chart below to compare losses from any high point for MGBLX and MIEIX.
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Drawdown Indicators
| MGBLX | MIEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -53.13% | +34.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -11.26% | +8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.74% | -13.43% | +7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -28.07% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -31.35% | +12.64% |
Current DrawdownCurrent decline from peak | -1.08% | -1.62% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -8.97% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 3.21% | -2.10% |
Volatility
MGBLX vs. MIEIX - Volatility Comparison
The current volatility for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) is 0.98%, while MFS International Equity Fund Class R6 (MIEIX) has a volatility of 3.68%. This indicates that MGBLX experiences smaller price fluctuations and is considered to be less risky than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGBLX | MIEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 3.68% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 10.60% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 13.32% | -9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 15.38% | -11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 15.93% | -11.28% |
MGBLX vs. MIEIX - Expense Ratio Comparison
MGBLX has a 1.19% expense ratio, which is higher than MIEIX's 0.68% expense ratio.
Dividends
MGBLX vs. MIEIX - Dividend Comparison
MGBLX's dividend yield for the trailing twelve months is around 4.24%, more than MIEIX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MIEIX MFS International Equity Fund Class R6 | 2.60% | 2.68% | 1.47% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% |
Frequently Asked Questions
MGBLX and MIEIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIEIX has higher volatility (3.68%) compared to MGBLX (0.98%). In terms of maximum drawdown, MGBLX dropped -18.71% vs MIEIX's -53.13%.
MGBLX currently has the higher Sharpe Ratio (1.19 vs 0.84), 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.
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