MIGFX vs. MFARX
MIGFX (MFS Massachusetts Investors Growth Stock Fund) and MFARX (MFS Arkansas Municipal Bond Fund) are both mutual funds - MIGFX is a Large Cap Growth Equities fund managed by MFS, while MFARX is a Municipal Bonds fund managed by MFS. Over the past 10 years, MIGFX returned 14.47%/yr vs 1.78%/yr for MFARX. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.70% expense ratio.
Performance
MIGFX vs. MFARX - Performance Comparison
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Returns By Period
In the year-to-date period, MIGFX achieves a -5.25% return, which is significantly lower than MFARX's 1.78% return. Over the past 10 years, MIGFX has outperformed MFARX with an annualized return of 14.47%, while MFARX has yielded a comparatively lower 1.78% annualized return.
MIGFX
- 1D
- -1.11%
- 1M
- -2.96%
- YTD
- -5.25%
- 6M
- -6.15%
- 1Y
- 2.64%
- 3Y*
- 13.12%
- 5Y*
- 8.52%
- 10Y*
- 14.47%
MFARX
- 1D
- 0.00%
- 1M
- 1.97%
- YTD
- 1.78%
- 6M
- 2.19%
- 1Y
- 8.06%
- 3Y*
- 3.58%
- 5Y*
- 0.74%
- 10Y*
- 1.78%
MIGFX vs. MFARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIGFX MFS Massachusetts Investors Growth Stock Fund | -5.25% | 9.97% | 27.25% | 24.13% | -19.20% | 26.06% | 22.55% | 39.89% | 0.81% | 28.68% |
MFARX MFS Arkansas Municipal Bond Fund | 1.78% | 5.02% | 1.53% | 5.31% | -9.87% | 2.38% | 4.24% | 6.44% | 1.24% | 4.10% |
Correlation
The correlation between MIGFX and MFARX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 1992 | -0.03 |
The correlation between MIGFX and MFARX shifts across timeframes, from -0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MIGFX vs. MFARX — Risk / Return Rank
MIGFX
MFARX
MIGFX vs. MFARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) and MFS Arkansas Municipal Bond Fund (MFARX). 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.
| MIGFX | MFARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.56 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.62 | -2.33 |
| Martin ratioReturn relative to average drawdown | 0.91 | 8.82 | -7.91 |
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Drawdowns
MIGFX vs. MFARX - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.83%, which is greater than MFARX's maximum drawdown of -15.10%. Use the drawdown chart below to compare losses from any high point for MIGFX and MFARX.
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Drawdown Indicators
| MIGFX | MFARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -15.10% | -46.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -3.05% | -10.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -7.78% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -15.10% | -11.57% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -15.10% | -17.32% |
Current DrawdownCurrent decline from peak | -7.21% | 0.00% | -7.21% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -1.87% | -17.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 0.90% | +3.39% |
Volatility
MIGFX vs. MFARX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund (MIGFX) has a higher volatility of 4.99% compared to MFS Arkansas Municipal Bond Fund (MFARX) at 0.84%. This indicates that MIGFX's price experiences larger fluctuations and is considered to be riskier than MFARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIGFX | MFARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 0.84% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.71% | 2.37% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 3.38% | +9.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 4.72% | +12.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 4.13% | +14.08% |
MIGFX vs. MFARX - Expense Ratio Comparison
Both MIGFX and MFARX have an expense ratio of 0.70%.
Dividends
MIGFX vs. MFARX - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 12.02%, more than MFARX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFARX MFS Arkansas Municipal Bond Fund | 3.43% | 4.47% | 2.96% | 2.47% | 1.96% | 2.16% | 2.52% | 3.04% | 3.08% | 2.98% | 3.26% | 3.26% |
MIGFX MFS Massachusetts Investors Growth Stock Fund | 12.02% | 11.39% | 17.15% | 4.11% | 4.49% | 10.47% | 7.43% | 7.39% | 10.76% | 6.87% | 5.12% | 6.51% |
Frequently Asked Questions
MIGFX and MFARX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIGFX has higher volatility (4.99%) compared to MFARX (0.84%). In terms of maximum drawdown, MIGFX dropped -61.83% vs MFARX's -15.10%.
MFARX currently has the higher Sharpe Ratio (2.36 vs 0.30), 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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