MHITX vs. FAGOX
MHITX (MFS High Income Fund) and FAGOX (Fidelity Advisor Growth Opportunities Fund Class M) are both mutual funds - MHITX is a High Yield Bonds fund managed by MFS, while FAGOX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, MHITX returned 4.41%/yr vs 22.38%/yr for FAGOX. At a 0.25 correlation, their price movements are largely independent. MHITX charges 0.86%/yr vs 1.28%/yr for FAGOX.
Performance
MHITX vs. FAGOX - Performance Comparison
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Returns By Period
In the year-to-date period, MHITX achieves a 0.66% return, which is significantly lower than FAGOX's 14.98% return. Over the past 10 years, MHITX has underperformed FAGOX with an annualized return of 4.41%, while FAGOX has yielded a comparatively higher 22.38% annualized return.
MHITX
- 1D
- 0.00%
- 1M
- 0.49%
- YTD
- 0.66%
- 6M
- 1.20%
- 1Y
- 6.03%
- 3Y*
- 7.35%
- 5Y*
- 2.85%
- 10Y*
- 4.41%
FAGOX
- 1D
- -1.23%
- 1M
- 2.68%
- YTD
- 14.98%
- 6M
- 13.77%
- 1Y
- 34.64%
- 3Y*
- 30.37%
- 5Y*
- 11.41%
- 10Y*
- 22.38%
MHITX vs. FAGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHITX MFS High Income Fund | 0.66% | 8.72% | 5.56% | 11.12% | -11.60% | 3.20% | 4.49% | 14.48% | -3.28% | 6.20% |
FAGOX Fidelity Advisor Growth Opportunities Fund Class M | 14.98% | 21.86% | 38.37% | 44.80% | -38.56% | 11.05% | 68.19% | 39.94% | 14.61% | 34.34% |
Correlation
The correlation between MHITX and FAGOX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1987 | 0.25 |
The correlation between MHITX and FAGOX shifts across timeframes, from 0.25 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MHITX vs. FAGOX — Risk / Return Rank
MHITX
FAGOX
MHITX vs. FAGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS High Income Fund (MHITX) and Fidelity Advisor Growth Opportunities Fund Class M (FAGOX). 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.
| MHITX | FAGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.22 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.13 | 8.14 | +2.99 |
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Drawdowns
MHITX vs. FAGOX - Drawdown Comparison
The maximum MHITX drawdown since its inception was -46.76%, smaller than the maximum FAGOX drawdown of -65.31%. Use the drawdown chart below to compare losses from any high point for MHITX and FAGOX.
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Drawdown Indicators
| MHITX | FAGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.76% | -65.31% | +18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -16.27% | +13.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.88% | -26.64% | +22.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -44.84% | +28.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.29% | -44.84% | +25.55% |
Current DrawdownCurrent decline from peak | -0.32% | -1.47% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -13.54% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 4.44% | -3.90% |
Volatility
MHITX vs. FAGOX - Volatility Comparison
The current volatility for MFS High Income Fund (MHITX) is 0.95%, while Fidelity Advisor Growth Opportunities Fund Class M (FAGOX) has a volatility of 8.30%. This indicates that MHITX experiences smaller price fluctuations and is considered to be less risky than FAGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHITX | FAGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 8.30% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 15.83% | -13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 19.75% | -15.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 25.05% | -19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 24.01% | -18.40% |
MHITX vs. FAGOX - Expense Ratio Comparison
MHITX has a 0.86% expense ratio, which is lower than FAGOX's 1.28% expense ratio.
Dividends
MHITX vs. FAGOX - Dividend Comparison
MHITX's dividend yield for the trailing twelve months is around 6.24%, more than FAGOX's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGOX Fidelity Advisor Growth Opportunities Fund Class M | 3.66% | 4.21% | 0.00% | 0.00% | 0.00% | 10.01% | 5.29% | 4.15% | 12.10% | 7.48% | 15.51% | 11.14% |
MHITX MFS High Income Fund | 6.24% | 6.04% | 5.07% | 4.68% | 4.07% | 4.34% | 4.49% | 4.65% | 5.06% | 4.85% | 5.39% | 6.36% |
Frequently Asked Questions
MHITX and FAGOX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGOX has higher volatility (8.30%) compared to MHITX (0.95%). In terms of maximum drawdown, MHITX dropped -46.76% vs FAGOX's -65.31%.
FAGOX currently has the higher Sharpe Ratio (1.84 vs 1.61), 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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