MMHYX vs. MEIKX
Compare and contrast key facts about MFS Municipal High Income Fund (MMHYX) and MFS Value Fund (MEIKX).
MMHYX is managed by MFS. It was launched on Feb 23, 1984. MEIKX is managed by MFS. It was launched on May 1, 2006.
Performance
MMHYX vs. MEIKX - Performance Comparison
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MMHYX vs. MEIKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMHYX MFS Municipal High Income Fund | -0.10% | 5.02% | 6.72% | 5.30% | -14.64% | 5.31% | 3.39% | 9.94% | 2.09% | 7.66% |
MEIKX MFS Value Fund | 1.11% | 13.37% | 11.98% | 8.32% | -5.92% | 25.59% | 4.09% | 30.18% | -9.81% | 17.26% |
Returns By Period
In the year-to-date period, MMHYX achieves a -0.10% return, which is significantly lower than MEIKX's 1.11% return. Over the past 10 years, MMHYX has underperformed MEIKX with an annualized return of 2.78%, while MEIKX has yielded a comparatively higher 10.10% annualized return.
MMHYX
- 1D
- 0.41%
- 1M
- -1.99%
- YTD
- -0.10%
- 6M
- 1.57%
- 1Y
- 3.37%
- 3Y*
- 4.84%
- 5Y*
- 0.89%
- 10Y*
- 2.78%
MEIKX
- 1D
- 1.64%
- 1M
- -5.00%
- YTD
- 1.11%
- 6M
- 3.65%
- 1Y
- 10.49%
- 3Y*
- 12.15%
- 5Y*
- 8.48%
- 10Y*
- 10.10%
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MMHYX vs. MEIKX - Expense Ratio Comparison
MMHYX has a 0.61% expense ratio, which is higher than MEIKX's 0.43% expense ratio.
Return for Risk
MMHYX vs. MEIKX — Risk / Return Rank
MMHYX
MEIKX
MMHYX vs. MEIKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal High Income Fund (MMHYX) 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.
| MMHYX | MEIKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.70 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.89 | 1.04 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.03 | -0.20 |
Martin ratioReturn relative to average drawdown | 2.42 | 4.53 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MMHYX | MEIKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.70 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.61 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.61 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.39 | +0.72 |
Correlation
The correlation between MMHYX and MEIKX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MMHYX vs. MEIKX - Dividend Comparison
MMHYX's dividend yield for the trailing twelve months is around 4.37%, less than MEIKX's 9.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHYX MFS Municipal High Income Fund | 4.37% | 5.77% | 3.91% | 3.59% | 3.03% | 2.95% | 3.57% | 3.99% | 4.18% | 4.38% | 4.31% | 4.64% |
MEIKX MFS Value Fund | 9.82% | 9.72% | 9.49% | 8.58% | 7.77% | 3.43% | 2.75% | 3.28% | 3.76% | 4.14% | 3.84% | 6.12% |
Drawdowns
MMHYX vs. MEIKX - Drawdown Comparison
The maximum MMHYX drawdown since its inception was -23.28%, smaller than the maximum MEIKX drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for MMHYX and MEIKX.
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Drawdown Indicators
| MMHYX | MEIKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -56.81% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -11.09% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -17.50% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -19.89% | -36.68% | +16.79% |
Current DrawdownCurrent decline from peak | -2.38% | -5.00% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -9.51% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.52% | -0.52% |
Volatility
MMHYX vs. MEIKX - Volatility Comparison
The current volatility for MFS Municipal High Income Fund (MMHYX) is 1.27%, while MFS Value Fund (MEIKX) has a volatility of 3.64%. This indicates that MMHYX 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.
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Volatility by Period
| MMHYX | MEIKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 3.64% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 7.85% | -5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 14.82% | -8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 13.91% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 16.55% | -11.73% |