MGF vs. MEIKX
MGF (MFS Government Markets Income Trust) and MEIKX (MFS Value Fund) are both mutual funds - MGF is a Government Bonds fund managed by MFS, while MEIKX is a Large Cap Value Equities fund managed by MFS. Over the past 10 years, MGF returned 1.31%/yr vs 10.34%/yr for MEIKX. At a 0.07 correlation, their price movements are largely independent. MGF charges 0.02%/yr vs 0.43%/yr for MEIKX.
Performance
MGF vs. MEIKX - Performance Comparison
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Returns By Period
In the year-to-date period, MGF achieves a -1.76% return, which is significantly lower than MEIKX's 9.10% return. Over the past 10 years, MGF has underperformed MEIKX with an annualized return of 1.31%, while MEIKX has yielded a comparatively higher 10.34% annualized return.
MGF
- 1D
- 0.35%
- 1M
- 1.71%
- 6M
- -2.08%
- YTD
- -1.76%
- 1Y
- 0.18%
- 3Y*
- 3.82%
- 5Y*
- -1.11%
- 10Y*
- 1.31%
MEIKX
- 1D
- 0.28%
- 1M
- 1.36%
- 6M
- 6.00%
- YTD
- 9.10%
- 1Y
- 14.94%
- 3Y*
- 14.00%
- 5Y*
- 8.79%
- 10Y*
- 10.34%
MGF vs. MEIKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGF MFS Government Markets Income Trust | -1.76% | 6.24% | 4.17% | 3.78% | -15.81% | -0.22% | 7.80% | 10.32% | 1.33% | 2.62% |
MEIKX MFS Value Fund | 9.10% | 13.37% | 11.98% | 8.32% | -5.92% | 25.59% | 4.09% | 30.18% | -9.81% | 17.26% |
Correlation
The correlation between MGF and MEIKX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.07 |
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Return for Risk
MGF vs. MEIKX — Risk / Return Rank
MGF
MEIKX
MGF vs. MEIKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Government Markets Income Trust (MGF) and MFS Value Fund (MEIKX). 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.
| MGF | MEIKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.21 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.05 | 7.60 | -7.65 |
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Drawdowns
MGF vs. MEIKX - Drawdown Comparison
The maximum MGF drawdown since its inception was -35.74%, smaller than the maximum MEIKX drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for MGF and MEIKX.
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Drawdown Indicators
| MGF | MEIKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -56.81% | +21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.12% | -6.76% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -13.15% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -17.50% | -5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | -36.68% | +13.80% |
Current DrawdownCurrent decline from peak | -6.51% | -0.66% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -9.40% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.96% | +1.04% |
Volatility
MGF vs. MEIKX - Volatility Comparison
MFS Government Markets Income Trust (MGF) has a higher volatility of 4.99% compared to MFS Value Fund (MEIKX) at 3.06%. This indicates that MGF's price experiences larger fluctuations and is considered to be riskier than MEIKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGF | MEIKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 3.06% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 7.84% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 10.61% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 13.91% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 16.47% | -6.24% |
MGF vs. MEIKX - Expense Ratio Comparison
MGF has a 0.02% expense ratio, which is lower than MEIKX's 0.43% expense ratio.
Dividends
MGF vs. MEIKX - Dividend Comparison
MGF's dividend yield for the trailing twelve months is around 8.00%, less than MEIKX's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIKX MFS Value Fund | 9.07% | 9.72% | 9.49% | 8.58% | 7.77% | 3.43% | 2.75% | 3.28% | 3.76% | 4.14% | 3.84% | 6.12% |
MGF MFS Government Markets Income Trust | 8.00% | 7.65% | 7.81% | 7.82% | 8.45% | 7.71% | 7.58% | 7.50% | 7.81% | 7.92% | 8.09% | 8.05% |
Frequently Asked Questions
MGF and MEIKX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGF has higher volatility (4.99%) compared to MEIKX (3.06%). In terms of maximum drawdown, MGF dropped -35.74% vs MEIKX's -56.81%.
MEIKX currently has the higher Sharpe Ratio (1.41 vs -0.01), 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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