MMAIX vs. MEIKX

Last updated Jun 4, 2026

MMAIX (MFS Moderate Allocation Fund) and MEIKX (MFS Value Fund) are both mutual funds - MMAIX is a Diversified Portfolio fund managed by MFS, while MEIKX is a Large Cap Value Equities fund managed by MFS. Over the past 10 years, MMAIX returned 7.81%/yr vs 10.06%/yr for MEIKX. Their correlation of 0.89 suggests significant overlap in exposure. MMAIX charges 0.65%/yr vs 0.43%/yr for MEIKX.

Performance

MMAIX vs. MEIKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Moderate Allocation Fund (MMAIX) and MFS Value Fund (MEIKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMAIX achieves a 4.77% return, which is significantly higher than MEIKX's 4.52% return. Over the past 10 years, MMAIX has underperformed MEIKX with an annualized return of 7.81%, while MEIKX has yielded a comparatively higher 10.06% annualized return.

MMAIX

• 1D: 0.28%
• 1M: 1.87%
• YTD: 4.77%
• 6M: 5.06%
• 1Y: 12.20%
• 3Y*: 10.77%
• 5Y*: 5.08%
• 10Y*: 7.81%

MEIKX

• 1D: 0.60%
• 1M: 0.43%
• YTD: 4.52%
• 6M: 5.90%
• 1Y: 13.08%
• 3Y*: 13.32%
• 5Y*: 7.88%
• 10Y*: 10.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MMAIX vs. MEIKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMAIX MFS Moderate Allocation Fund	4.77%	11.68%	8.68%	12.23%	-15.03%	12.04%	13.86%	22.10%	-4.20%	15.10%
MEIKX MFS Value Fund	4.52%	13.37%	11.98%	8.32%	-5.92%	25.59%	4.09%	30.18%	-9.81%	17.26%

Correlation

The correlation between MMAIX and MEIKX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 1, 2006	0.89

The correlation between MMAIX and MEIKX shifts across timeframes, from 0.73 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MMAIX vs. MEIKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MMAIX

MMAIX Risk / Return Rank: 35
MMAIX Sharpe Ratio Rank: 36
MMAIX Sortino Ratio Rank: 36
MMAIX Omega Ratio Rank: 36
MMAIX Calmar Ratio Rank: 29
MMAIX Martin Ratio Rank: 40

MEIKX

MEIKX Risk / Return Rank: 23
MEIKX Sharpe Ratio Rank: 20
MEIKX Sortino Ratio Rank: 20
MEIKX Omega Ratio Rank: 19
MEIKX Calmar Ratio Rank: 28
MEIKX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MMAIX vs. MEIKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Moderate Allocation Fund (MMAIX) and MFS Value Fund (MEIKX). 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.

	MMAIX	MEIKX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.29	+0.44
Sortino ratio: Return per unit of downside risk	2.50	1.88	+0.62
Omega ratio: Gain probability vs. loss probability	1.32	1.23	+0.10
Calmar ratio: Return relative to maximum drawdown	2.00	1.98	+0.01
Martin ratio: Return relative to average drawdown	8.56	6.87	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMAIX vs. MEIKX - Sharpe Ratio Comparison

The current MMAIX Sharpe Ratio is 1.74, which is higher than the MEIKX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of MMAIX and MEIKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MMAIX	MEIKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.29	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.57	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.61	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.40	+0.27

Drawdowns

MMAIX vs. MEIKX - Drawdown Comparison

The maximum MMAIX drawdown since its inception was -37.57%, smaller than the maximum MEIKX drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for MMAIX and MEIKX.

Drawdown Indicators

	MMAIX	MEIKX	Difference
Max Drawdown Largest peak-to-trough decline	-37.57%	-56.81%	+19.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-6.76%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-9.38%	-13.15%	+3.77%
Max Drawdown (5Y) Largest decline over 5 years	-21.36%	-17.50%	-3.86%
Max Drawdown (10Y) Largest decline over 10 years	-23.38%	-36.68%	+13.30%
Current Drawdown Current decline from peak	0.00%	-1.80%	+1.80%
Average Drawdown Average peak-to-trough decline	-3.89%	-9.45%	+5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.95%	-0.50%

Volatility

MMAIX vs. MEIKX - Volatility Comparison

The current volatility for MFS Moderate Allocation Fund (MMAIX) is 2.05%, while MFS Value Fund (MEIKX) has a volatility of 2.35%. This indicates that MMAIX experiences smaller price fluctuations and is considered to be less risky than MEIKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMAIX	MEIKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	2.35%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	5.71%	7.75%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	10.37%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	13.91%	-4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.00%	16.55%	-6.55%

MMAIX vs. MEIKX - Expense Ratio Comparison

MMAIX has a 0.65% expense ratio, which is higher than MEIKX's 0.43% expense ratio.

Dividends

MMAIX vs. MEIKX - Dividend Comparison

MMAIX's dividend yield for the trailing twelve months is around 7.25%, less than MEIKX's 9.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIKX MFS Value Fund	9.50%	9.72%	9.49%	8.58%	7.77%	3.43%	2.75%	3.28%	3.76%	4.14%	3.84%	6.12%
MMAIX MFS Moderate Allocation Fund	7.25%	7.60%	7.09%	3.69%	4.31%	5.70%	3.88%	4.70%	6.34%	4.66%	2.92%	5.02%

Frequently Asked Questions

Can I hold both MMAIX and MEIKX in my portfolio?

MMAIX and MEIKX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMAIX or MEIKX?

MEIKX has higher volatility (2.35%) compared to MMAIX (2.05%). In terms of maximum drawdown, MMAIX dropped -37.57% vs MEIKX's -56.81%.

Which has better risk-adjusted returns?

MMAIX currently has the higher Sharpe Ratio (1.74 vs 1.29), 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.