Correlation
The correlation between MHOIX and MHITX is 0.29, 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.
MHOIX vs. MHITX
Compare and contrast key facts about MFS Global High Yield Fund (MHOIX) and MFS High Income Fund (MHITX).
MHOIX is managed by MFS. It was launched on Jul 1, 1998. MHITX is managed by MFS. It was launched on Feb 17, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHOIX or MHITX.
Performance
MHOIX vs. MHITX - Performance Comparison
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Key characteristics
MHOIX:
2.53
MHITX:
1.97
MHOIX:
3.32
MHITX:
2.81
MHOIX:
1.60
MHITX:
1.47
MHOIX:
2.35
MHITX:
2.44
MHOIX:
10.42
MHITX:
9.63
MHOIX:
0.82%
MHITX:
0.85%
MHOIX:
3.56%
MHITX:
4.34%
MHOIX:
-40.04%
MHITX:
-36.81%
MHOIX:
0.00%
MHITX:
0.00%
Returns By Period
In the year-to-date period, MHOIX achieves a 2.03% return, which is significantly lower than MHITX's 2.43% return. Over the past 10 years, MHOIX has outperformed MHITX with an annualized return of 4.19%, while MHITX has yielded a comparatively lower 3.90% annualized return.
MHOIX
2.03%
0.90%
1.93%
8.25%
7.05%
5.05%
4.19%
MHITX
2.43%
0.98%
1.63%
7.59%
5.84%
4.33%
3.90%
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MHOIX vs. MHITX - Expense Ratio Comparison
MHOIX has a 0.81% expense ratio, which is lower than MHITX's 0.86% expense ratio.
Risk-Adjusted Performance
MHOIX vs. MHITX — Risk-Adjusted Performance Rank
MHOIX
MHITX
MHOIX vs. MHITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global High Yield Fund (MHOIX) and MFS High Income Fund (MHITX). 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.
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Dividends
MHOIX vs. MHITX - Dividend Comparison
MHOIX's dividend yield for the trailing twelve months is around 5.18%, less than MHITX's 5.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHOIX MFS Global High Yield Fund | 5.18% | 5.61% | 4.68% | 8.95% | 5.56% | 4.47% | 4.76% | 4.92% | 4.98% | 5.85% | 6.69% | 6.36% |
MHITX MFS High Income Fund | 5.57% | 6.06% | 5.61% | 5.26% | 4.35% | 4.44% | 4.63% | 5.08% | 4.87% | 5.44% | 5.96% | 5.89% |
Drawdowns
MHOIX vs. MHITX - Drawdown Comparison
The maximum MHOIX drawdown since its inception was -40.04%, which is greater than MHITX's maximum drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for MHOIX and MHITX.
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Volatility
MHOIX vs. MHITX - Volatility Comparison
The current volatility for MFS Global High Yield Fund (MHOIX) is 0.87%, while MFS High Income Fund (MHITX) has a volatility of 1.30%. This indicates that MHOIX experiences smaller price fluctuations and is considered to be less risky than MHITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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