MGWIX vs. AMECX
Compare and contrast key facts about MFS Growth Allocation Fund (MGWIX) and American Funds The Income Fund of America Class A (AMECX).
MGWIX is managed by MFS. It was launched on Jun 27, 2002. AMECX is managed by American Funds. It was launched on Dec 1, 1973.
Performance
MGWIX vs. AMECX - Performance Comparison
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MGWIX vs. AMECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGWIX MFS Growth Allocation Fund | -1.13% | 13.63% | 10.71% | 14.86% | -15.92% | 16.01% | 14.75% | 26.55% | -5.59% | 19.22% |
AMECX American Funds The Income Fund of America Class A | 2.83% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
Returns By Period
In the year-to-date period, MGWIX achieves a -1.13% return, which is significantly lower than AMECX's 2.83% return. Over the past 10 years, MGWIX has outperformed AMECX with an annualized return of 9.22%, while AMECX has yielded a comparatively lower 8.35% annualized return.
MGWIX
- 1D
- 2.06%
- 1M
- -4.92%
- YTD
- -1.13%
- 6M
- 0.06%
- 1Y
- 11.84%
- 3Y*
- 11.04%
- 5Y*
- 6.03%
- 10Y*
- 9.22%
AMECX
- 1D
- 1.33%
- 1M
- -4.18%
- YTD
- 2.83%
- 6M
- 5.30%
- 1Y
- 15.39%
- 3Y*
- 12.45%
- 5Y*
- 8.08%
- 10Y*
- 8.35%
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MGWIX vs. AMECX - Expense Ratio Comparison
MGWIX has a 0.69% expense ratio, which is higher than AMECX's 0.56% expense ratio.
Return for Risk
MGWIX vs. AMECX — Risk / Return Rank
MGWIX
AMECX
MGWIX vs. AMECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Growth Allocation Fund (MGWIX) and American Funds The Income Fund of America Class A (AMECX). 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.
| MGWIX | AMECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.65 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.27 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.97 | -0.65 |
Martin ratioReturn relative to average drawdown | 5.95 | 9.13 | -3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGWIX | AMECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.65 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.86 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.79 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.72 | -0.14 |
Correlation
The correlation between MGWIX and AMECX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MGWIX vs. AMECX - Dividend Comparison
MGWIX's dividend yield for the trailing twelve months is around 8.34%, less than AMECX's 9.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGWIX MFS Growth Allocation Fund | 8.34% | 8.24% | 6.24% | 3.84% | 4.83% | 7.28% | 3.79% | 5.00% | 6.89% | 5.04% | 3.11% | 5.08% |
AMECX American Funds The Income Fund of America Class A | 9.73% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
Drawdowns
MGWIX vs. AMECX - Drawdown Comparison
The maximum MGWIX drawdown since its inception was -47.83%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for MGWIX and AMECX.
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Drawdown Indicators
| MGWIX | AMECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.83% | -41.92% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -8.19% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -15.78% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -29.09% | -26.13% | -2.96% |
Current DrawdownCurrent decline from peak | -5.42% | -4.48% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.46% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.77% | +0.29% |
Volatility
MGWIX vs. AMECX - Volatility Comparison
MFS Growth Allocation Fund (MGWIX) has a higher volatility of 4.14% compared to American Funds The Income Fund of America Class A (AMECX) at 3.35%. This indicates that MGWIX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGWIX | AMECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.35% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 5.64% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 9.54% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 9.45% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.83% | 10.67% | +2.16% |