MIGFX vs. MHOIX
MIGFX (MFS Massachusetts Investors Growth Stock Fund) and MHOIX (MFS Global High Yield Fund) are both mutual funds - MIGFX is a Large Cap Growth Equities fund managed by MFS, while MHOIX is a High Yield Bonds fund managed by MFS. Over the past 10 years, MIGFX returned 14.10%/yr vs 4.61%/yr for MHOIX. Their 0.31 correlation means their historical movements had little consistent relationship. MIGFX charges 0.70%/yr vs 0.81%/yr for MHOIX.
Performance
MIGFX vs. MHOIX - Performance Comparison
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Returns By Period
In the year-to-date period, MIGFX achieves a -2.12% return, which is significantly lower than MHOIX's 1.26% return. Over the past 10 years, MIGFX has outperformed MHOIX with an annualized return of 14.10%, while MHOIX has yielded a comparatively lower 4.61% annualized return.
MIGFX
- 1D
- -0.34%
- 1M
- 0.57%
- 6M
- -1.74%
- YTD
- -2.12%
- 1Y
- 3.33%
- 3Y*
- 12.82%
- 5Y*
- 8.05%
- 10Y*
- 14.10%
- ALL TIME*
- 7.41%
MHOIX
- 1D
- 0.00%
- 1M
- -0.70%
- 6M
- 0.47%
- YTD
- 1.26%
- 1Y
- 4.71%
- 3Y*
- 7.74%
- 5Y*
- 3.43%
- 10Y*
- 4.61%
- ALL TIME*
- 5.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIGFX vs. MHOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIGFX MFS Massachusetts Investors Growth Stock Fund | -2.12% | 9.97% | 27.25% | 24.13% | -19.20% | 26.06% | 22.55% | 39.89% | 0.81% | 28.68% |
MHOIX MFS Global High Yield Fund | 1.26% | 8.54% | 7.55% | 11.97% | -10.72% | 2.97% | 4.28% | 14.28% | -2.83% | 7.36% |
Correlation
The correlation between MIGFX and MHOIX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1998 | 0.31 |
The correlation between MIGFX and MHOIX shifts across timeframes, from 0.31 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MIGFX vs. MHOIX — Risk / Return Rank
MIGFX
MHOIX
MIGFX vs. MHOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) and MFS Global High Yield Fund (MHOIX). 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 | MHOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.36 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 2.00 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.36 | 9.32 | -8.96 |
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Drawdowns
MIGFX vs. MHOIX - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.83%, which is greater than MHOIX's maximum drawdown of -40.07%. Use the drawdown chart below to compare losses from any high point for MIGFX and MHOIX.
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Drawdown Indicators
| MIGFX | MHOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -40.07% | -21.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -2.27% | -11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -3.63% | -15.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -16.50% | -10.17% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -19.76% | -12.66% |
Current DrawdownCurrent decline from peak | -4.15% | -0.70% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -18.91% | -3.37% | -15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 0.49% | +4.08% |
Volatility
MIGFX vs. MHOIX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund (MIGFX) has a higher volatility of 3.27% compared to MFS Global High Yield Fund (MHOIX) at 0.59%. This indicates that MIGFX's price experiences larger fluctuations and is considered to be riskier than MHOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIGFX | MHOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.59% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 2.31% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 2.96% | +10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 4.91% | +12.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 5.02% | +13.18% |
MIGFX vs. MHOIX - Expense Ratio Comparison
MIGFX has a 0.70% expense ratio, which is lower than MHOIX's 0.81% expense ratio.
Dividends
MIGFX vs. MHOIX - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 10.83%, more than MHOIX's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHOIX MFS Global High Yield Fund | 4.81% | 5.27% | 4.68% | 4.03% | 7.71% | 5.57% | 4.45% | 4.79% | 4.96% | 4.99% | 5.84% | 7.64% |
MIGFX MFS Massachusetts Investors Growth Stock Fund | 10.83% | 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 MHOIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIGFX has higher volatility (3.27%) compared to MHOIX (0.59%). In terms of maximum drawdown, MIGFX dropped -61.83% vs MHOIX's -40.07%.
MHOIX currently has the higher Sharpe Ratio (1.55 vs 0.12), 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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