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 1.37%/yr vs 17.81%/yr for MFEKX. At a 0.06 correlation, their price movements are largely independent. 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 -2.10% return, which is significantly lower than MFEKX's 5.30% return. Over the past 10 years, MGF has underperformed MFEKX with an annualized return of 1.37%, while MFEKX has yielded a comparatively higher 17.81% annualized return.
MGF
- 1D
- 0.00%
- 1M
- 0.64%
- YTD
- -2.10%
- 6M
- -0.29%
- 1Y
- 0.15%
- 3Y*
- 3.60%
- 5Y*
- -0.77%
- 10Y*
- 1.37%
MFEKX
- 1D
- 1.65%
- 1M
- 1.35%
- YTD
- 5.30%
- 6M
- 5.10%
- 1Y
- 16.32%
- 3Y*
- 25.33%
- 5Y*
- 13.41%
- 10Y*
- 17.81%
MGF vs. MFEKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGF MFS Government Markets Income Trust | -2.10% | 6.24% | 4.17% | 3.78% | -15.81% | -0.22% | 7.80% | 10.32% | 1.33% | 2.62% |
MFEKX MFS Growth R6 | 5.30% | 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 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.91 | -0.88 |
| Martin ratioReturn relative to average drawdown | 0.06 | 2.93 | -2.87 |
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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 | -6.05% | -17.27% | +11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -23.22% | +14.28% |
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 | -6.84% | -1.31% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -5.63% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 5.35% | -2.54% |
Volatility
MGF vs. MFEKX - Volatility Comparison
The current volatility for MFS Government Markets Income Trust (MGF) is 4.01%, while MFS Growth R6 (MFEKX) has a volatility of 6.45%. 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 | 4.01% | 6.45% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 13.44% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 16.74% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.32% | 22.01% | -10.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 21.27% | -11.08% |
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 8.03%, less than MFEKX's 14.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEKX MFS Growth R6 | 14.07% | 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 | 8.03% | 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 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFEKX has higher volatility (6.45%) compared to MGF (4.01%). In terms of maximum drawdown, MGF dropped -35.74% vs MFEKX's -36.06%.
MFEKX currently has the higher Sharpe Ratio (0.94 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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