MHITX vs. PRCPX
Compare and contrast key facts about MFS High Income Fund (MHITX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
MHITX is managed by MFS. It was launched on Feb 17, 1978. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
MHITX vs. PRCPX - Performance Comparison
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MHITX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHITX MFS High Income Fund | -1.83% | 8.72% | 5.56% | 11.12% | -11.60% | 3.20% | 4.49% | 14.48% | -3.28% | 6.20% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, MHITX achieves a -1.83% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, MHITX has underperformed PRCPX with an annualized return of 4.51%, while PRCPX has yielded a comparatively higher 6.83% annualized return.
MHITX
- 1D
- 0.00%
- 1M
- -2.55%
- YTD
- -1.83%
- 6M
- -0.26%
- 1Y
- 5.83%
- 3Y*
- 6.34%
- 5Y*
- 2.66%
- 10Y*
- 4.51%
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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MHITX vs. PRCPX - Expense Ratio Comparison
MHITX has a 0.86% expense ratio, which is higher than PRCPX's 0.81% expense ratio.
Return for Risk
MHITX vs. PRCPX — Risk / Return Rank
MHITX
PRCPX
MHITX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS High Income Fund (MHITX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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.
| MHITX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 3.47 | -2.04 |
Sortino ratioReturn per unit of downside risk | 2.11 | 5.52 | -3.41 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.93 | -0.54 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 4.53 | -2.59 |
Martin ratioReturn relative to average drawdown | 7.71 | 21.08 | -13.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MHITX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 3.47 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.23 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 1.26 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.88 | -0.28 |
Correlation
The correlation between MHITX and PRCPX is 0.75, 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.
Dividends
MHITX vs. PRCPX - Dividend Comparison
MHITX's dividend yield for the trailing twelve months is around 5.78%, less than PRCPX's 12.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHITX MFS High Income Fund | 5.78% | 6.04% | 5.07% | 4.68% | 4.07% | 4.34% | 4.49% | 4.65% | 5.06% | 4.85% | 5.39% | 6.36% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
MHITX vs. PRCPX - Drawdown Comparison
The maximum MHITX drawdown since its inception was -46.76%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for MHITX and PRCPX.
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Drawdown Indicators
| MHITX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.76% | -23.07% | -23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -3.03% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -14.34% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.29% | -23.07% | +3.78% |
Current DrawdownCurrent decline from peak | -2.55% | -1.74% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -3.16% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.65% | +0.09% |
Volatility
MHITX vs. PRCPX - Volatility Comparison
MFS High Income Fund (MHITX) has a higher volatility of 1.44% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that MHITX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHITX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.10% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 2.52% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.11% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 4.79% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 5.45% | +0.17% |