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 1.31%/yr vs 17.34%/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 -1.76% return, which is significantly lower than MFEKX's 4.14% return. Over the past 10 years, MGF has underperformed MFEKX with an annualized return of 1.31%, while MFEKX has yielded a comparatively higher 17.34% 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%
MFEKX
- 1D
- 1.04%
- 1M
- 1.79%
- 6M
- 2.97%
- YTD
- 4.14%
- 1Y
- 9.12%
- 3Y*
- 24.92%
- 5Y*
- 11.98%
- 10Y*
- 17.34%
MGF vs. MFEKX - 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% |
MFEKX MFS Growth R6 | 4.14% | 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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
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 | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.49 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.55 | -1.60 |
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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 | -6.12% | -17.27% | +11.15% |
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 | -6.51% | -2.40% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -5.62% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 5.43% | -2.43% |
Volatility
MGF vs. MFEKX - Volatility Comparison
The current volatility for MFS Government Markets Income Trust (MGF) is 4.99%, while MFS Growth R6 (MFEKX) has a volatility of 6.43%. 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 | 4.99% | 6.43% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 13.73% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 17.00% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 22.08% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 21.25% | -11.02% |
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 8.00%, less than MFEKX's 14.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEKX MFS Growth R6 | 14.23% | 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 | 8.00% | 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 MFEKX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFEKX has higher volatility (6.43%) compared to MGF (4.99%). In terms of maximum drawdown, MGF dropped -35.74% vs MFEKX's -36.06%.
MFEKX currently has the higher Sharpe Ratio (0.50 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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