MISSX vs. MIEIX
MISSX (MFS Mississippi Municipal Bond Fund) and MIEIX (MFS International Equity Fund Class R6) are both mutual funds - MISSX is a Municipal Bonds fund managed by MFS, while MIEIX is a Foreign Large Cap Equities fund managed by MFS. Over the past 10 years, MISSX returned 1.58%/yr vs 10.37%/yr for MIEIX. At a correlation of -0.04, they often move in opposite directions. MISSX charges 0.85%/yr vs 0.68%/yr for MIEIX.
Performance
MISSX vs. MIEIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MISSX having a 1.99% return and MIEIX slightly higher at 2.02%. Over the past 10 years, MISSX has underperformed MIEIX with an annualized return of 1.58%, while MIEIX has yielded a comparatively higher 10.37% annualized return.
MISSX
- 1D
- 0.00%
- 1M
- 2.00%
- YTD
- 1.99%
- 6M
- 2.40%
- 1Y
- 7.74%
- 3Y*
- 3.67%
- 5Y*
- 0.51%
- 10Y*
- 1.58%
MIEIX
- 1D
- -1.03%
- 1M
- -0.55%
- YTD
- 2.02%
- 6M
- 1.69%
- 1Y
- 9.15%
- 3Y*
- 11.68%
- 5Y*
- 6.92%
- 10Y*
- 10.37%
MISSX vs. MIEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MISSX MFS Mississippi Municipal Bond Fund | 1.99% | 4.94% | 1.62% | 4.40% | -10.37% | 1.95% | 4.25% | 6.82% | 1.04% | 4.07% |
MIEIX MFS International Equity Fund Class R6 | 2.02% | 23.22% | 4.13% | 19.06% | -14.82% | 15.13% | 11.11% | 28.42% | -10.66% | 28.01% |
Correlation
The correlation between MISSX and MIEIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 1996 | -0.04 |
The correlation between MISSX and MIEIX shifts across timeframes, from -0.04 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MISSX vs. MIEIX — Risk / Return Rank
MISSX
MIEIX
MISSX vs. MIEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Mississippi Municipal Bond Fund (MISSX) and MFS International Equity Fund Class R6 (MIEIX). 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.
| MISSX | MIEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.15 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.94 | +1.53 |
| Martin ratioReturn relative to average drawdown | 8.49 | 3.27 | +5.22 |
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Drawdowns
MISSX vs. MIEIX - Drawdown Comparison
The maximum MISSX drawdown since its inception was -15.13%, smaller than the maximum MIEIX drawdown of -53.13%. Use the drawdown chart below to compare losses from any high point for MISSX and MIEIX.
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Drawdown Indicators
| MISSX | MIEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -53.13% | +38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -11.26% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.56% | -13.43% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -28.07% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -15.13% | -31.35% | +16.22% |
Current DrawdownCurrent decline from peak | -0.11% | -2.66% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -8.96% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.22% | -2.32% |
Volatility
MISSX vs. MIEIX - Volatility Comparison
The current volatility for MFS Mississippi Municipal Bond Fund (MISSX) is 0.92%, while MFS International Equity Fund Class R6 (MIEIX) has a volatility of 3.74%. This indicates that MISSX experiences smaller price fluctuations and is considered to be less risky than MIEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISSX | MIEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.74% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 10.63% | -8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 13.33% | -10.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 15.39% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 15.72% | -11.61% |
MISSX vs. MIEIX - Expense Ratio Comparison
MISSX has a 0.85% expense ratio, which is higher than MIEIX's 0.68% expense ratio.
Dividends
MISSX vs. MIEIX - Dividend Comparison
MISSX's dividend yield for the trailing twelve months is around 3.40%, more than MIEIX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEIX MFS International Equity Fund Class R6 | 2.62% | 2.68% | 1.47% | 1.67% | 1.26% | 5.40% | 1.00% | 3.12% | 1.63% | 1.85% | 1.78% | 1.71% |
MISSX MFS Mississippi Municipal Bond Fund | 3.40% | 4.40% | 2.74% | 2.24% | 1.81% | 1.93% | 2.40% | 3.25% | 3.23% | 3.27% | 3.47% | 3.76% |
Frequently Asked Questions
MISSX and MIEIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIEIX has higher volatility (3.74%) compared to MISSX (0.92%). In terms of maximum drawdown, MISSX dropped -15.13% vs MIEIX's -53.13%.
MISSX currently has the higher Sharpe Ratio (2.38 vs 0.79), 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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