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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGWIX or AMECX.
Correlation
The correlation between MGWIX and AMECX is 0.89, 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.
Performance
MGWIX vs. AMECX - Performance Comparison
Key characteristics
MGWIX:
0.93
AMECX:
1.87
MGWIX:
1.26
AMECX:
2.46
MGWIX:
1.18
AMECX:
1.35
MGWIX:
0.91
AMECX:
2.37
MGWIX:
3.52
AMECX:
7.71
MGWIX:
2.54%
AMECX:
1.91%
MGWIX:
9.61%
AMECX:
7.88%
MGWIX:
-44.48%
AMECX:
-43.59%
MGWIX:
-3.48%
AMECX:
0.00%
Returns By Period
In the year-to-date period, MGWIX achieves a 4.35% return, which is significantly lower than AMECX's 5.65% return. Both investments have delivered pretty close results over the past 10 years, with MGWIX having a 5.05% annualized return and AMECX not far behind at 4.95%.
MGWIX
4.35%
2.29%
0.75%
9.27%
4.71%
5.05%
AMECX
5.65%
3.61%
4.26%
14.74%
5.53%
4.95%
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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.
Risk-Adjusted Performance
MGWIX vs. AMECX — Risk-Adjusted Performance Rank
MGWIX
AMECX
MGWIX vs. AMECX - Risk-Adjusted Performance 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.
Dividends
MGWIX vs. AMECX - Dividend Comparison
MGWIX's dividend yield for the trailing twelve months is around 2.23%, less than AMECX's 3.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGWIX MFS Growth Allocation Fund | 2.23% | 2.33% | 1.90% | 2.55% | 3.40% | 1.17% | 1.78% | 2.43% | 2.19% | 1.48% | 1.87% | 1.83% |
AMECX American Funds The Income Fund of America Class A | 3.88% | 4.10% | 3.66% | 3.38% | 2.86% | 3.19% | 3.20% | 3.35% | 2.82% | 3.09% | 3.26% | 3.64% |
Drawdowns
MGWIX vs. AMECX - Drawdown Comparison
The maximum MGWIX drawdown since its inception was -44.48%, roughly equal to the maximum AMECX drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for MGWIX and AMECX. For additional features, visit the drawdowns tool.
Volatility
MGWIX vs. AMECX - Volatility Comparison
MFS Growth Allocation Fund (MGWIX) has a higher volatility of 2.23% compared to American Funds The Income Fund of America Class A (AMECX) at 2.05%. 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.