Correlation
The correlation between MMHYX and VWALX is -0.09. 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.
MMHYX vs. VWALX
Compare and contrast key facts about MFS Municipal High Income Fund (MMHYX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
MMHYX is managed by MFS. It was launched on Feb 23, 1984. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMHYX or VWALX.
Performance
MMHYX vs. VWALX - Performance Comparison
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Key characteristics
MMHYX:
0.52
VWALX:
0.16
MMHYX:
0.63
VWALX:
0.15
MMHYX:
1.11
VWALX:
1.03
MMHYX:
0.35
VWALX:
0.08
MMHYX:
1.59
VWALX:
0.26
MMHYX:
1.85%
VWALX:
2.02%
MMHYX:
6.46%
VWALX:
6.26%
MMHYX:
-23.27%
VWALX:
-17.24%
MMHYX:
-4.72%
VWALX:
-4.30%
Returns By Period
The year-to-date returns for both stocks are quite close, with MMHYX having a -2.35% return and VWALX slightly lower at -2.37%. Over the past 10 years, MMHYX has underperformed VWALX with an annualized return of 2.73%, while VWALX has yielded a comparatively higher 2.94% annualized return.
MMHYX
-2.35%
-0.06%
-2.68%
3.36%
2.63%
2.26%
2.73%
VWALX
-2.37%
0.05%
-2.75%
1.11%
2.90%
1.76%
2.94%
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MMHYX vs. VWALX - Expense Ratio Comparison
MMHYX has a 0.61% expense ratio, which is higher than VWALX's 0.09% expense ratio.
Risk-Adjusted Performance
MMHYX vs. VWALX — Risk-Adjusted Performance Rank
MMHYX
VWALX
MMHYX vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal High Income Fund (MMHYX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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.
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Dividends
MMHYX vs. VWALX - Dividend Comparison
MMHYX's dividend yield for the trailing twelve months is around 4.42%, more than VWALX's 4.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMHYX MFS Municipal High Income Fund | 4.42% | 4.26% | 4.35% | 3.99% | 2.95% | 3.56% | 1.88% | 4.18% | 4.38% | 4.31% | 4.31% | 4.50% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 4.03% | 3.83% | 3.59% | 3.44% | 3.55% | 3.39% | 3.75% | 3.85% | 3.76% | 3.88% | 3.75% | 3.83% |
Drawdowns
MMHYX vs. VWALX - Drawdown Comparison
The maximum MMHYX drawdown since its inception was -23.27%, which is greater than VWALX's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for MMHYX and VWALX.
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Volatility
MMHYX vs. VWALX - Volatility Comparison
MFS Municipal High Income Fund (MMHYX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) have volatilities of 1.17% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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