MGF vs. MFEKX
MGF (MFS Government Markets Income Trust) and MFEKX (MFS Growth R6) are both mutual funds - MGF is a Government Bonds fund managed by MFS, while MFEKX is a Large Cap Growth Equities fund actively managed by MFS. Over the past 10 years, MGF returned 1.11%/yr vs 16.68%/yr for MFEKX. Their 0.06 correlation means their historical movements had little consistent relationship. MGF charges 0.02%/yr vs 0.51%/yr for MFEKX.
Performance
MGF vs. MFEKX - Performance Comparison
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Returns By Period
In the year-to-date period, MGF achieves a -2.79% return, which is significantly lower than MFEKX's 0.75% return. Over the past 10 years, MGF has underperformed MFEKX with an annualized return of 1.11%, while MFEKX has yielded a comparatively higher 16.68% annualized return.
MGF
- 1D
- 0.00%
- 1M
- -1.39%
- 6M
- -3.88%
- YTD
- -2.79%
- 1Y
- -1.49%
- 3Y*
- 3.13%
- 5Y*
- -1.39%
- 10Y*
- 1.11%
- ALL TIME*
- 2.22%
MFEKX
- 1D
- 2.48%
- 1M
- -1.77%
- 6M
- 1.80%
- YTD
- 0.75%
- 1Y
- 4.18%
- 3Y*
- 22.00%
- 5Y*
- 10.95%
- 10Y*
- 16.68%
- ALL TIME*
- 16.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MFEKX MFS Growth R6 | $0.00 | $0.00 | $0.00 |
| $174.87K | $200.97K | $288.87K |
MGF vs. MFEKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGF MFS Government Markets Income Trust | -2.79% | 6.24% | 4.17% | 3.78% | -15.81% | -0.22% | 7.80% | 10.32% | 1.33% | 2.62% |
MFEKX MFS Growth R6 | 0.75% | 12.44% | 49.62% | 36.27% | -31.07% | 23.71% | 31.77% | 37.82% | 2.40% | 30.97% |
Correlation
The correlation between MGF and MFEKX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2011 | 0.06 |
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Return for Risk
MGF vs. MFEKX — Risk / Return Rank
MGF
MFEKX
MGF vs. MFEKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Government Markets Income Trust (MGF) and MFS Growth R6 (MFEKX). 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 | MFEKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.14 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.36 | 0.44 | -0.80 |
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Drawdowns
MGF vs. MFEKX - Drawdown Comparison
The maximum MGF drawdown since its inception was -35.74%, roughly equal to the maximum MFEKX drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for MGF and MFEKX.
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Drawdown Indicators
| MGF | MFEKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -36.06% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -17.27% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -23.22% | +14.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -36.06% | +13.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | -36.06% | +13.18% |
Current DrawdownCurrent decline from peak | -7.49% | -5.57% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -5.62% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.54% | -2.28% |
Volatility
MGF vs. MFEKX - Volatility Comparison
The current volatility for MFS Government Markets Income Trust (MGF) is 2.50%, while MFS Growth R6 (MFEKX) has a volatility of 5.27%. This indicates that MGF experiences smaller price fluctuations and is considered to be less risky than MFEKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGF | MFEKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 5.27% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 14.10% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 17.52% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 22.14% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 21.30% | -11.07% |
MGF vs. MFEKX - Expense Ratio Comparison
MGF has a 0.02% expense ratio, which is lower than MFEKX's 0.51% expense ratio.
Dividends
MGF vs. MFEKX - Dividend Comparison
MGF's dividend yield for the trailing twelve months is around 8.17%, less than MFEKX's 12.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEKX MFS Growth R6 | 12.65% | 14.82% | 25.31% | 4.82% | 1.04% | 2.74% | 3.55% | 1.57% | 3.88% | 2.49% | 1.70% | 3.64% |
MGF MFS Government Markets Income Trust | 8.17% | 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 MFEKX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFEKX has higher volatility (5.27%) compared to MGF (2.50%). In terms of maximum drawdown, MGF dropped -35.74% vs MFEKX's -36.06%.
MFEKX currently has the higher Sharpe Ratio (0.14 vs -0.11), 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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