MGF vs. PEDIX
MGF (MFS Government Markets Income Trust) and PEDIX (PIMCO Extended Duration Fund) are both Government Bonds funds. Over the past 10 years, MGF returned 1.11%/yr vs -4.27%/yr for PEDIX. Their 0.16 correlation means their historical movements had little consistent relationship. MGF charges 0.02%/yr vs 0.50%/yr for PEDIX.
Performance
MGF vs. PEDIX - Performance Comparison
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Returns By Period
In the year-to-date period, MGF achieves a -2.79% return, which is significantly higher than PEDIX's -5.53% return. Over the past 10 years, MGF has outperformed PEDIX with an annualized return of 1.11%, while PEDIX has yielded a comparatively lower -4.27% 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%
PEDIX
- 1D
- -0.17%
- 1M
- -5.94%
- 6M
- -5.80%
- YTD
- -5.53%
- 1Y
- -4.34%
- 3Y*
- -5.13%
- 5Y*
- -12.22%
- 10Y*
- -4.27%
- ALL TIME*
- 3.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $174.87K | $200.97K | $288.87K | |
| $0.00 | $0.00 | $0.00 |
MGF vs. PEDIX - 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% |
PEDIX PIMCO Extended Duration Fund | -5.53% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
Correlation
The correlation between MGF and PEDIX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2006 | 0.16 |
The correlation between MGF and PEDIX shifts across timeframes, from 0.16 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MGF vs. PEDIX — Risk / Return Rank
MGF
PEDIX
MGF vs. PEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Government Markets Income Trust (MGF) and PIMCO Extended Duration Fund (PEDIX). 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 | PEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | -0.17 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.36 | -0.36 | 0.00 |
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Drawdowns
MGF vs. PEDIX - Drawdown Comparison
The maximum MGF drawdown since its inception was -35.74%, smaller than the maximum PEDIX drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for MGF and PEDIX.
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Drawdown Indicators
| MGF | PEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -60.38% | +24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -12.59% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -22.63% | +13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -56.15% | +33.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.88% | -60.38% | +37.50% |
Current DrawdownCurrent decline from peak | -7.49% | -55.62% | +48.13% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -21.45% | +10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.96% | -2.70% |
Volatility
MGF vs. PEDIX - Volatility Comparison
The current volatility for MFS Government Markets Income Trust (MGF) is 2.50%, while PIMCO Extended Duration Fund (PEDIX) has a volatility of 3.90%. This indicates that MGF experiences smaller price fluctuations and is considered to be less risky than PEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGF | PEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.90% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 10.96% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 14.69% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 22.05% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 20.48% | -10.25% |
MGF vs. PEDIX - Expense Ratio Comparison
MGF has a 0.02% expense ratio, which is lower than PEDIX's 0.50% expense ratio.
Dividends
MGF vs. PEDIX - Dividend Comparison
MGF's dividend yield for the trailing twelve months is around 8.17%, more than PEDIX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEDIX PIMCO Extended Duration Fund | 3.84% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
Frequently Asked Questions
MGF and PEDIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEDIX has higher volatility (3.90%) compared to MGF (2.50%). In terms of maximum drawdown, MGF dropped -35.74% vs PEDIX's -60.38%.
MGF currently has the higher Sharpe Ratio (-0.11 vs -0.15), 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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