MMIBX vs. AFTEX
Compare and contrast key facts about MFS Municipal Income Fund (MMIBX) and American Funds Tax Exempt Bond Fund (AFTEX).
MMIBX is managed by MFS. It was launched on Dec 28, 1986. AFTEX is managed by American Funds. It was launched on Oct 2, 1979.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMIBX or AFTEX.
Performance
MMIBX vs. AFTEX - Performance Comparison
Returns By Period
In the year-to-date period, MMIBX achieves a 3.06% return, which is significantly higher than AFTEX's 2.40% return. Over the past 10 years, MMIBX has underperformed AFTEX with an annualized return of 1.82%, while AFTEX has yielded a comparatively higher 2.29% annualized return.
MMIBX
3.06%
-0.47%
2.88%
8.54%
0.51%
1.82%
AFTEX
2.40%
-0.38%
2.44%
7.14%
1.17%
2.29%
Key characteristics
| MMIBX | AFTEX | |
|---|---|---|
| Sharpe Ratio | 2.32 | 2.33 |
| Sortino Ratio | 3.47 | 3.50 |
| Omega Ratio | 1.52 | 1.54 |
| Calmar Ratio | 0.75 | 0.90 |
| Martin Ratio | 10.29 | 9.73 |
| Ulcer Index | 0.88% | 0.78% |
| Daily Std Dev | 3.92% | 3.26% |
| Max Drawdown | -16.77% | -14.38% |
| Current Drawdown | -4.44% | -1.75% |
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MMIBX vs. AFTEX - Expense Ratio Comparison
MMIBX has a 1.45% expense ratio, which is higher than AFTEX's 0.50% expense ratio.
Correlation
The correlation between MMIBX and AFTEX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MMIBX vs. AFTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal Income Fund (MMIBX) and American Funds Tax Exempt Bond Fund (AFTEX). 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.
Dividends
MMIBX vs. AFTEX - Dividend Comparison
MMIBX's dividend yield for the trailing twelve months is around 2.71%, less than AFTEX's 2.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMIBX MFS Municipal Income Fund | 2.71% | 2.47% | 1.92% | 1.45% | 1.86% | 2.29% | 2.69% | 2.69% | 2.88% | 2.75% | 2.70% | 3.06% |
AFTEX American Funds Tax Exempt Bond Fund | 2.86% | 2.69% | 2.33% | 1.95% | 2.27% | 2.63% | 2.88% | 3.05% | 3.17% | 3.21% | 3.38% | 3.52% |
Drawdowns
MMIBX vs. AFTEX - Drawdown Comparison
The maximum MMIBX drawdown since its inception was -16.77%, which is greater than AFTEX's maximum drawdown of -14.38%. Use the drawdown chart below to compare losses from any high point for MMIBX and AFTEX. For additional features, visit the drawdowns tool.
Volatility
MMIBX vs. AFTEX - Volatility Comparison
MFS Municipal Income Fund (MMIBX) has a higher volatility of 1.96% compared to American Funds Tax Exempt Bond Fund (AFTEX) at 1.62%. This indicates that MMIBX's price experiences larger fluctuations and is considered to be riskier than AFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.