MHOIX vs. PRCPX
Compare and contrast key facts about MFS Global High Yield Fund (MHOIX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
MHOIX is managed by MFS. It was launched on Jul 1, 1998. 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
MHOIX vs. PRCPX - Performance Comparison
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MHOIX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHOIX MFS Global High Yield Fund | -1.41% | 8.54% | 7.55% | 11.97% | -10.72% | 2.97% | 4.28% | 14.28% | -2.83% | 7.36% |
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, MHOIX achieves a -1.41% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, MHOIX has underperformed PRCPX with an annualized return of 4.96%, while PRCPX has yielded a comparatively higher 6.83% annualized return.
MHOIX
- 1D
- 0.00%
- 1M
- -2.27%
- YTD
- -1.41%
- 6M
- -0.17%
- 1Y
- 5.93%
- 3Y*
- 7.65%
- 5Y*
- 3.38%
- 10Y*
- 4.96%
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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MHOIX vs. PRCPX - Expense Ratio Comparison
Both MHOIX and PRCPX have an expense ratio of 0.81%.
Return for Risk
MHOIX vs. PRCPX — Risk / Return Rank
MHOIX
PRCPX
MHOIX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global High Yield Fund (MHOIX) 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.
| MHOIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 3.47 | -1.65 |
Sortino ratioReturn per unit of downside risk | 2.52 | 5.52 | -3.00 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.93 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.53 | -2.55 |
Martin ratioReturn relative to average drawdown | 8.71 | 21.08 | -12.37 |
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
| MHOIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 3.47 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.23 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 1.26 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.88 | +0.15 |
Correlation
The correlation between MHOIX and PRCPX is 0.79, 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
MHOIX vs. PRCPX - Dividend Comparison
MHOIX's dividend yield for the trailing twelve months is around 4.93%, less than PRCPX's 12.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHOIX MFS Global High Yield Fund | 4.93% | 5.27% | 4.68% | 4.03% | 7.71% | 5.57% | 4.45% | 4.79% | 4.96% | 4.99% | 5.84% | 7.64% |
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
MHOIX vs. PRCPX - Drawdown Comparison
The maximum MHOIX drawdown since its inception was -40.07%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for MHOIX and PRCPX.
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Drawdown Indicators
| MHOIX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.07% | -23.07% | -17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.03% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -14.34% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.76% | -23.07% | +3.31% |
Current DrawdownCurrent decline from peak | -2.27% | -1.74% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.16% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.65% | +0.05% |
Volatility
MHOIX vs. PRCPX - Volatility Comparison
MFS Global High Yield Fund (MHOIX) and T. Rowe Price Credit Opportunities Fund (PRCPX) have volatilities of 1.10% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHOIX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.10% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.52% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 4.11% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.79% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 5.45% | -0.39% |