MHITX vs. MFIOX
MHITX (MFS High Income Fund) and MFIOX (MFS Income Fund) are both mutual funds - MHITX is a High Yield Bonds fund managed by MFS, while MFIOX is a Intermediate Core-Plus Bond fund managed by MFS. Over the past 10 years, MHITX returned 4.41%/yr vs 2.69%/yr for MFIOX. At a 0.40 correlation, their price movements are largely independent. MHITX charges 0.86%/yr vs 0.73%/yr for MFIOX.
Performance
MHITX vs. MFIOX - Performance Comparison
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Returns By Period
In the year-to-date period, MHITX achieves a 0.66% return, which is significantly higher than MFIOX's 0.28% return. Over the past 10 years, MHITX has outperformed MFIOX with an annualized return of 4.41%, while MFIOX has yielded a comparatively lower 2.69% 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%
MFIOX
- 1D
- -0.34%
- 1M
- 0.58%
- YTD
- 0.28%
- 6M
- 0.67%
- 1Y
- 4.59%
- 3Y*
- 4.94%
- 5Y*
- 0.54%
- 10Y*
- 2.69%
MHITX vs. MFIOX - 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% |
MFIOX MFS Income Fund | 0.28% | 7.37% | 2.66% | 7.46% | -14.14% | -0.28% | 9.47% | 11.36% | -2.38% | 5.73% |
Correlation
The correlation between MHITX and MFIOX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1987 | 0.40 |
The correlation between MHITX and MFIOX shifts across timeframes, from 0.40 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MHITX vs. MFIOX — Risk / Return Rank
MHITX
MFIOX
MHITX vs. MFIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS High Income Fund (MHITX) and MFS Income Fund (MFIOX). 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 | MFIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.77 | +0.61 |
| Martin ratioReturn relative to average drawdown | 11.13 | 5.39 | +5.75 |
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Drawdowns
MHITX vs. MFIOX - Drawdown Comparison
The maximum MHITX drawdown since its inception was -46.76%, which is greater than MFIOX's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for MHITX and MFIOX.
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Drawdown Indicators
| MHITX | MFIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.76% | -19.07% | -27.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -2.81% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.88% | -5.88% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -19.07% | +2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -19.29% | -19.07% | -0.22% |
Current DrawdownCurrent decline from peak | -0.32% | -1.30% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -2.18% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.92% | -0.38% |
Volatility
MHITX vs. MFIOX - Volatility Comparison
The current volatility for MFS High Income Fund (MHITX) is 0.95%, while MFS Income Fund (MFIOX) has a volatility of 1.11%. This indicates that MHITX experiences smaller price fluctuations and is considered to be less risky than MFIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHITX | MFIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.11% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.71% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.65% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 5.52% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 4.88% | +0.73% |
MHITX vs. MFIOX - Expense Ratio Comparison
MHITX has a 0.86% expense ratio, which is higher than MFIOX's 0.73% expense ratio.
Dividends
MHITX vs. MFIOX - Dividend Comparison
MHITX's dividend yield for the trailing twelve months is around 6.24%, more than MFIOX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIOX MFS Income Fund | 4.71% | 4.70% | 5.04% | 4.72% | 2.24% | 3.29% | 2.80% | 3.04% | 3.07% | 3.26% | 3.61% | 4.35% |
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 MFIOX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFIOX has higher volatility (1.11%) compared to MHITX (0.95%). In terms of maximum drawdown, MHITX dropped -46.76% vs MFIOX's -19.07%.
MHITX currently has the higher Sharpe Ratio (1.61 vs 1.36), 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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