MGBLX vs. VTILX

Last updated Jun 23, 2026

MGBLX (MFS Global Opportunistic Bond Fund Class R2) and VTILX (Vanguard Total International Bond II Index Fund) are both Global Bonds funds - MGBLX tracks the Bloomberg Global Aggregate Index (USD Hedged) while VTILX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 5 years, MGBLX returned 0.42%/yr vs 0.45%/yr for VTILX. A 0.79 correlation means they provide meaningful diversification when combined. MGBLX charges 1.19%/yr vs 0.07%/yr for VTILX.

Performance

MGBLX vs. VTILX - Performance Comparison

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

Returns By Period

In the year-to-date period, MGBLX achieves a 0.68% return, which is significantly lower than VTILX's 1.11% 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%

VTILX

• 1D: 0.04%
• 1M: 1.05%
• YTD: 1.11%
• 6M: 1.50%
• 1Y: 2.39%
• 3Y*: 4.41%
• 5Y*: 0.45%
• 10Y*: —

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

MGBLX vs. VTILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MGBLX MFS Global Opportunistic Bond Fund Class R2	0.68%	5.38%	1.81%	7.69%	-11.57%	-1.42%
VTILX Vanguard Total International Bond II Index Fund	1.11%	2.96%	3.91%	8.85%	-13.01%	0.38%

Correlation

The correlation between MGBLX and VTILX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.79

The correlation between MGBLX and VTILX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

MGBLX vs. VTILX — Risk / Return Rank

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

MGBLX

MGBLX Risk / Return Rank: 18
MGBLX Sharpe Ratio Rank: 20
MGBLX Sortino Ratio Rank: 22
MGBLX Omega Ratio Rank: 20
MGBLX Calmar Ratio Rank: 15
MGBLX Martin Ratio Rank: 14

VTILX

VTILX Risk / Return Rank: 9
VTILX Sharpe Ratio Rank: 10
VTILX Sortino Ratio Rank: 10
VTILX Omega Ratio Rank: 10
VTILX Calmar Ratio Rank: 9
VTILX Martin Ratio Rank: 8

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. VTILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and Vanguard Total International Bond II Index Fund (VTILX). 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	VTILX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	0.77	+0.42
Sortino ratio: Return per unit of downside risk	1.82	1.12	+0.70
Omega ratio: Gain probability vs. loss probability	1.22	1.14	+0.08
Calmar ratio: Return relative to maximum drawdown	1.25	0.81	+0.43
Martin ratio: Return relative to average drawdown	3.64	2.23	+1.41

MGBLX vs. VTILX - Sharpe Ratio Comparison

The current MGBLX Sharpe Ratio is 1.19, which is higher than the VTILX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of MGBLX and VTILX, 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

MGBLX vs. VTILX - Drawdown Comparison

The maximum MGBLX drawdown since its inception was -18.71%, which is greater than VTILX's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for MGBLX and VTILX.

Drawdown Indicators

	MGBLX	VTILX	Difference
Max Drawdown Largest peak-to-trough decline	-18.71%	-15.85%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-2.90%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-5.74%	-2.90%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	-15.85%	-1.25%
Max Drawdown (10Y) Largest decline over 10 years	-18.71%	—	—
Current Drawdown Current decline from peak	-1.08%	-0.76%	-0.32%
Average Drawdown Average peak-to-trough decline	-6.54%	-5.86%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.06%	+0.05%

Volatility

MGBLX vs. VTILX - Volatility Comparison

MFS Global Opportunistic Bond Fund Class R2 (MGBLX) and Vanguard Total International Bond II Index Fund (VTILX) have volatilities of 0.98% and 1.03%, 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.

Volatility by Period

	MGBLX	VTILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.03%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	2.64%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	3.08%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.30%	4.46%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	4.36%	+0.29%

MGBLX vs. VTILX - Expense Ratio Comparison

MGBLX has a 1.19% expense ratio, which is higher than VTILX's 0.07% expense ratio.

Dividends

MGBLX vs. VTILX - Dividend Comparison

MGBLX's dividend yield for the trailing twelve months is around 4.24%, less than VTILX's 4.34% 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%
VTILX Vanguard Total International Bond II Index Fund	4.34%	4.27%	4.52%	4.22%	0.94%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGBLX and VTILX in my portfolio?

MGBLX and VTILX have a correlation of 0.79, 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 VTILX?

VTILX has higher volatility (1.03%) compared to MGBLX (0.98%). In terms of maximum drawdown, MGBLX dropped -18.71% vs VTILX's -15.85%.

Which has better risk-adjusted returns?

MGBLX currently has the higher Sharpe Ratio (1.19 vs 0.77), 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.