Correlation
The correlation between MGWIX and VOO is 0.94, 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.
MGWIX vs. VOO
Compare and contrast key facts about MFS Growth Allocation Fund (MGWIX) and Vanguard S&P 500 ETF (VOO).
MGWIX is managed by MFS. It was launched on Jun 27, 2002. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGWIX or VOO.
Performance
MGWIX vs. VOO - Performance Comparison
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Key characteristics
MGWIX:
0.78
VOO:
0.70
MGWIX:
1.01
VOO:
1.05
MGWIX:
1.14
VOO:
1.15
MGWIX:
0.70
VOO:
0.69
MGWIX:
3.07
VOO:
2.62
MGWIX:
2.78%
VOO:
4.93%
MGWIX:
12.71%
VOO:
19.55%
MGWIX:
-47.69%
VOO:
-33.99%
MGWIX:
-0.55%
VOO:
-3.45%
Returns By Period
In the year-to-date period, MGWIX achieves a 4.60% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, MGWIX has underperformed VOO with an annualized return of 8.09%, while VOO has yielded a comparatively higher 12.81% annualized return.
MGWIX
4.60%
4.30%
1.32%
9.88%
7.83%
9.56%
8.09%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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MGWIX vs. VOO - Expense Ratio Comparison
MGWIX has a 0.69% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MGWIX vs. VOO — Risk-Adjusted Performance Rank
MGWIX
VOO
MGWIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Growth Allocation Fund (MGWIX) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
MGWIX vs. VOO - Dividend Comparison
MGWIX's dividend yield for the trailing twelve months is around 5.96%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGWIX MFS Growth Allocation Fund | 5.96% | 6.24% | 3.84% | 4.83% | 7.28% | 3.79% | 5.00% | 6.89% | 5.04% | 3.11% | 5.08% | 1.83% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
MGWIX vs. VOO - Drawdown Comparison
The maximum MGWIX drawdown since its inception was -47.69%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MGWIX and VOO.
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Volatility
MGWIX vs. VOO - Volatility Comparison
The current volatility for MFS Growth Allocation Fund (MGWIX) is 2.87%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that MGWIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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