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 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MHITX vs. HYG - Performance Comparison
Key characteristics
MHITX:
1.70
HYG:
1.71
MHITX:
2.51
HYG:
2.53
MHITX:
1.42
HYG:
1.36
MHITX:
2.16
HYG:
2.14
MHITX:
8.51
HYG:
11.35
MHITX:
0.85%
HYG:
0.86%
MHITX:
4.29%
HYG:
5.69%
MHITX:
-36.81%
HYG:
-34.24%
MHITX:
-1.09%
HYG:
-0.54%
Returns By Period
In the year-to-date period, MHITX achieves a 0.91% return, which is significantly lower than HYG's 1.79% return. Both investments have delivered pretty close results over the past 10 years, with MHITX having a 3.81% annualized return and HYG not far ahead at 3.96%.
MHITX
0.91%
0.66%
1.28%
6.21%
4.84%
3.81%
HYG
1.79%
1.38%
2.66%
8.06%
5.41%
3.96%
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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 5.74%, less than HYG's 5.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHITX MFS High Income Fund | 5.74% | 6.12% | 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 | 5.89% | 6.01% | 5.74% | 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 -36.81%, 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
The current volatility for MFS High Income Fund (MHITX) is 2.38%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 4.23%. This indicates that MHITX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.