MIGFX vs. MMHYX
MIGFX (MFS Massachusetts Investors Growth Stock Fund) and MMHYX (MFS Municipal High Income Fund) are both mutual funds - MIGFX is a Large Cap Growth Equities fund managed by MFS, while MMHYX is a High Yield Muni fund managed by MFS. Over the past 10 years, MIGFX returned 14.47%/yr vs 2.76%/yr for MMHYX. At a correlation of -0.00, they often move in opposite directions. MIGFX charges 0.70%/yr vs 0.61%/yr for MMHYX.
Performance
MIGFX vs. MMHYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIGFX achieves a -5.25% return, which is significantly lower than MMHYX's 2.80% return. Over the past 10 years, MIGFX has outperformed MMHYX with an annualized return of 14.47%, while MMHYX has yielded a comparatively lower 2.76% 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%
MMHYX
- 1D
- 0.00%
- 1M
- 2.01%
- YTD
- 2.80%
- 6M
- 3.33%
- 1Y
- 8.28%
- 3Y*
- 5.54%
- 5Y*
- 0.92%
- 10Y*
- 2.76%
MIGFX vs. MMHYX - 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% |
MMHYX MFS Municipal High Income Fund | 2.80% | 5.02% | 6.72% | 5.30% | -14.64% | 5.31% | 3.39% | 9.94% | 2.09% | 7.66% |
Correlation
The correlation between MIGFX and MMHYX 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 1984 | -0.00 |
The correlation between MIGFX and MMHYX shifts across timeframes, from -0.00 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIGFX vs. MMHYX — Risk / Return Rank
MIGFX
MMHYX
MIGFX vs. MMHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) and MFS Municipal High Income Fund (MMHYX). 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 | MMHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.59 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.80 | -2.52 |
| Martin ratioReturn relative to average drawdown | 0.91 | 9.87 | -8.96 |
Loading charts...
Drawdowns
MIGFX vs. MMHYX - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.83%, which is greater than MMHYX's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for MIGFX and MMHYX.
Loading charts...
Drawdown Indicators
| MIGFX | MMHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -23.28% | -38.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -2.91% | -10.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -7.71% | -10.97% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -19.89% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -19.89% | -12.53% |
Current DrawdownCurrent decline from peak | -7.21% | -0.13% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -2.88% | -16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 0.83% | +3.46% |
Volatility
MIGFX vs. MMHYX - Volatility Comparison
MFS Massachusetts Investors Growth Stock Fund (MIGFX) has a higher volatility of 4.99% compared to MFS Municipal High Income Fund (MMHYX) at 0.98%. This indicates that MIGFX's price experiences larger fluctuations and is considered to be riskier than MMHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIGFX | MMHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 0.98% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.71% | 2.49% | +8.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 3.39% | +9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 4.96% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 4.84% | +13.37% |
MIGFX vs. MMHYX - Expense Ratio Comparison
MIGFX has a 0.70% expense ratio, which is higher than MMHYX's 0.61% expense ratio.
Dividends
MIGFX vs. MMHYX - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 12.02%, more than MMHYX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MMHYX MFS Municipal High Income Fund | 4.35% | 5.77% | 3.91% | 3.59% | 3.03% | 2.95% | 3.57% | 3.99% | 4.18% | 4.38% | 4.31% | 4.64% |
Frequently Asked Questions
MIGFX and MMHYX 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 MMHYX (0.98%). In terms of maximum drawdown, MIGFX dropped -61.83% vs MMHYX's -23.28%.
MMHYX currently has the higher Sharpe Ratio (2.41 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.
Find the right allocation for MIGFX and MMHYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer