MMIBX vs. MUB
Compare and contrast key facts about MFS Municipal Income Fund (MMIBX) and iShares National AMT-Free Muni Bond ETF (MUB).
MMIBX is managed by MFS. It was launched on Dec 28, 1986. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMIBX or MUB.
Performance
MMIBX vs. MUB - Performance Comparison
Returns By Period
In the year-to-date period, MMIBX achieves a 3.06% return, which is significantly higher than MUB's 1.54% return. Over the past 10 years, MMIBX has underperformed MUB with an annualized return of 1.82%, while MUB has yielded a comparatively higher 2.18% annualized return.
MMIBX
3.06%
-0.47%
2.88%
8.54%
0.51%
1.82%
MUB
1.54%
-0.24%
2.39%
5.52%
1.16%
2.18%
Key characteristics
| MMIBX | MUB | |
|---|---|---|
| Sharpe Ratio | 2.32 | 1.44 |
| Sortino Ratio | 3.47 | 2.07 |
| Omega Ratio | 1.52 | 1.28 |
| Calmar Ratio | 0.75 | 0.87 |
| Martin Ratio | 10.29 | 5.97 |
| Ulcer Index | 0.88% | 0.94% |
| Daily Std Dev | 3.92% | 3.89% |
| Max Drawdown | -16.77% | -13.68% |
| Current Drawdown | -4.44% | -1.24% |
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MMIBX vs. MUB - Expense Ratio Comparison
MMIBX has a 1.45% expense ratio, which is higher than MUB's 0.07% expense ratio.
Correlation
The correlation between MMIBX and MUB is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
MMIBX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal Income Fund (MMIBX) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
MMIBX's dividend yield for the trailing twelve months is around 2.71%, less than MUB's 2.95% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
MMIBX vs. MUB - Drawdown Comparison
The maximum MMIBX drawdown since its inception was -16.77%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for MMIBX and MUB. For additional features, visit the drawdowns tool.
Volatility
MMIBX vs. MUB - Volatility Comparison
MFS Municipal Income Fund (MMIBX) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.96% and 1.95%, 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.