MISSX vs. MITTX
MISSX (MFS Mississippi Municipal Bond Fund) and MITTX (MFS Massachusetts Investors Trust) are both mutual funds - MISSX is a Municipal Bonds fund managed by MFS, while MITTX is a Large Cap Blend Equities fund managed by MFS. Over the past 10 years, MISSX returned 1.42%/yr vs 13.25%/yr for MITTX. Their -0.01 correlation means they have often moved in opposite directions in the past. MISSX charges 0.85%/yr vs 0.70%/yr for MITTX.
Performance
MISSX vs. MITTX - Performance Comparison
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Returns By Period
In the year-to-date period, MISSX achieves a 0.44% return, which is significantly lower than MITTX's 8.24% return. Over the past 10 years, MISSX has underperformed MITTX with an annualized return of 1.42%, while MITTX has yielded a comparatively higher 13.25% annualized return.
MISSX
- 1D
- -0.23%
- 1M
- -2.23%
- 6M
- -0.07%
- YTD
- 0.44%
- 1Y
- 6.11%
- 3Y*
- 3.18%
- 5Y*
- 0.02%
- 10Y*
- 1.42%
- ALL TIME*
- 4.00%
MITTX
- 1D
- 1.66%
- 1M
- 1.10%
- 6M
- 5.46%
- YTD
- 8.24%
- 1Y
- 15.92%
- 3Y*
- 15.27%
- 5Y*
- 9.15%
- 10Y*
- 13.25%
- ALL TIME*
- 7.50%
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 |
MISSX vs. MITTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MISSX MFS Mississippi Municipal Bond Fund | 0.44% | 4.94% | 1.62% | 4.40% | -10.37% | 1.95% | 4.25% | 6.82% | 1.04% | 4.07% |
MITTX MFS Massachusetts Investors Trust | 8.24% | 13.67% | 19.69% | 19.26% | -16.27% | 26.73% | 18.72% | 31.92% | -5.56% | 23.55% |
Correlation
The correlation between MISSX and MITTX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 1992 | -0.01 |
The correlation between MISSX and MITTX shifts across timeframes, from -0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MISSX vs. MITTX — Risk / Return Rank
MISSX
MITTX
MISSX vs. MITTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Mississippi Municipal Bond Fund (MISSX) and MFS Massachusetts Investors Trust (MITTX). 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 | MITTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.21 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.44 | +0.88 |
| Martin ratioReturn relative to average drawdown | 8.04 | 6.05 | +1.99 |
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Drawdowns
MISSX vs. MITTX - Drawdown Comparison
The maximum MISSX drawdown since its inception was -15.13%, smaller than the maximum MITTX drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for MISSX and MITTX.
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Drawdown Indicators
| MISSX | MITTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -49.54% | +34.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -9.76% | +6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -5.55% | -16.10% | +10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -23.27% | +8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -15.13% | -33.45% | +18.32% |
Current DrawdownCurrent decline from peak | -2.23% | -1.11% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -10.51% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.32% | -1.42% |
Volatility
MISSX vs. MITTX - Volatility Comparison
The current volatility for MFS Mississippi Municipal Bond Fund (MISSX) is 1.11%, while MFS Massachusetts Investors Trust (MITTX) has a volatility of 3.18%. This indicates that MISSX experiences smaller price fluctuations and is considered to be less risky than MITTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISSX | MITTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 3.18% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 9.44% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 12.09% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.32% | 15.79% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 17.18% | -13.06% |
MISSX vs. MITTX - Expense Ratio Comparison
MISSX has a 0.85% expense ratio, which is higher than MITTX's 0.70% expense ratio.
Dividends
MISSX vs. MITTX - Dividend Comparison
MISSX's dividend yield for the trailing twelve months is around 3.18%, less than MITTX's 11.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISSX MFS Mississippi Municipal Bond Fund | 3.18% | 4.40% | 2.74% | 2.24% | 1.81% | 1.93% | 2.40% | 3.25% | 3.23% | 3.27% | 3.47% | 3.76% |
MITTX MFS Massachusetts Investors Trust | 11.01% | 14.33% | 14.47% | 10.96% | 9.35% | 8.66% | 8.14% | 7.58% | 13.49% | 7.27% | 5.55% | 6.02% |
Frequently Asked Questions
MISSX and MITTX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MITTX has higher volatility (3.18%) compared to MISSX (1.11%). In terms of maximum drawdown, MISSX dropped -15.13% vs MITTX's -49.54%.
MISSX currently has the higher Sharpe Ratio (2.20 vs 1.16), 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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