MHITX vs. HYG
Compare and contrast key facts about MFS High Income Fund (MHITX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
MHITX is managed by MFS. It was launched on Feb 17, 1978. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHITX or HYG.
Correlation
The correlation between MHITX and HYG is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MHITX vs. HYG - Performance Comparison
Key characteristics
MHITX:
2.10
HYG:
2.33
MHITX:
3.46
HYG:
3.41
MHITX:
1.55
HYG:
1.44
MHITX:
4.04
HYG:
4.15
MHITX:
13.04
HYG:
16.10
MHITX:
0.61%
HYG:
0.61%
MHITX:
3.78%
HYG:
4.19%
MHITX:
-36.80%
HYG:
-34.24%
MHITX:
-0.44%
HYG:
-0.19%
Returns By Period
In the year-to-date period, MHITX achieves a 0.65% return, which is significantly lower than HYG's 1.73% return. Both investments have delivered pretty close results over the past 10 years, with MHITX having a 3.92% annualized return and HYG not far ahead at 3.95%.
MHITX
0.65%
-0.32%
2.28%
7.57%
2.96%
3.92%
HYG
1.73%
0.57%
3.26%
9.43%
3.23%
3.95%
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MHITX vs. HYG - Expense Ratio Comparison
MHITX has a 0.86% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
MHITX vs. HYG — Risk-Adjusted Performance Rank
MHITX
HYG
MHITX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS High Income Fund (MHITX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
MHITX vs. HYG - Dividend Comparison
MHITX's dividend yield for the trailing twelve months is around 5.61%, less than HYG's 6.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHITX MFS High Income Fund | 5.61% | 6.14% | 5.67% | 5.31% | 4.34% | 4.49% | 4.74% | 5.21% | 4.91% | 5.44% | 5.96% | 5.89% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.38% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
MHITX vs. HYG - Drawdown Comparison
The maximum MHITX drawdown since its inception was -36.80%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for MHITX and HYG. For additional features, visit the drawdowns tool.
Volatility
MHITX vs. HYG - Volatility Comparison
MFS High Income Fund (MHITX) has a higher volatility of 0.99% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.90%. This indicates that MHITX's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.