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 | -3.13% | 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 | 1.48% | 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 -3.13% return, which is significantly lower than AMECX's 1.48% return. Over the past 10 years, MGWIX has outperformed AMECX with an annualized return of 8.99%, while AMECX has yielded a comparatively lower 8.21% annualized return.
MGWIX
- 1D
- -0.12%
- 1M
- -7.12%
- YTD
- -3.13%
- 6M
- -1.88%
- 1Y
- 9.90%
- 3Y*
- 10.29%
- 5Y*
- 5.84%
- 10Y*
- 8.99%
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
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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 | 0.83 | 1.55 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.13 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.71 | -0.75 |
Martin ratioReturn relative to average drawdown | 4.39 | 8.01 | -3.62 |
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 | 0.83 | 1.55 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.85 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.77 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.72 | -0.15 |
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 8.51%, less than AMECX's 9.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGWIX MFS Growth Allocation Fund | 8.51% | 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 | 9.86% | 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 | -7.33% | -5.74% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.46% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.74% | +0.29% |
Volatility
MGWIX vs. AMECX - Volatility Comparison
MFS Growth Allocation Fund (MGWIX) has a higher volatility of 3.38% compared to American Funds The Income Fund of America Class A (AMECX) at 2.94%. 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 | 3.38% | 2.94% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 5.49% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 9.48% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 9.44% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.82% | 10.66% | +2.16% |