MMT vs. PFL
MMT (MFS Multimarket Income Trust) and PFL (PIMCO Income Strategy Fund) are both Multisector Bonds funds. Over the past 10 years, MMT returned 6.71%/yr vs 8.97%/yr for PFL. At 0.27, their price movements are largely independent.
Performance
MMT vs. PFL - Performance Comparison
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Returns By Period
In the year-to-date period, MMT achieves a 2.62% return, which is significantly higher than PFL's -1.19% return. Over the past 10 years, MMT has underperformed PFL with an annualized return of 6.71%, while PFL has yielded a comparatively higher 8.97% annualized return.
MMT
- 1D
- -0.21%
- 1M
- 2.95%
- YTD
- 2.62%
- 6M
- 2.02%
- 1Y
- 15.44%
- 3Y*
- 9.75%
- 5Y*
- 1.87%
- 10Y*
- 6.71%
PFL
- 1D
- 0.00%
- 1M
- -0.37%
- YTD
- -1.19%
- 6M
- -0.20%
- 1Y
- 14.63%
- 3Y*
- 12.12%
- 5Y*
- 2.98%
- 10Y*
- 8.97%
MMT vs. PFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 2.62% | 8.10% | 12.40% | 10.14% | -22.96% | 13.11% | 8.88% | 30.32% | -7.70% | 9.29% |
PFL PIMCO Income Strategy Fund | -1.19% | 13.03% | 11.51% | 17.29% | -17.92% | 4.62% | 7.11% | 19.65% | 2.06% | 21.26% |
Correlation
The correlation between MMT and PFL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2003 | 0.27 |
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Return for Risk
MMT vs. PFL — Risk / Return Rank
MMT
PFL
MMT vs. PFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Multimarket Income Trust (MMT) and PIMCO Income Strategy Fund (PFL). 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.
| MMT | PFL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.78 | +0.25 |
Sortino ratioReturn per unit of downside risk | 3.13 | 2.57 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.90 | +1.41 |
Martin ratioReturn relative to average drawdown | 9.62 | 8.42 | +1.20 |
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
| MMT | PFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.78 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.21 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.49 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.30 | +0.11 |
Drawdowns
MMT vs. PFL - Drawdown Comparison
The maximum MMT drawdown since its inception was -35.70%, smaller than the maximum PFL drawdown of -77.97%. Use the drawdown chart below to compare losses from any high point for MMT and PFL.
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Drawdown Indicators
| MMT | PFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -77.97% | +42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -7.64% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -33.30% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -48.40% | +12.70% |
Current DrawdownCurrent decline from peak | -1.08% | -3.08% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -11.05% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.73% | -0.04% |
Volatility
MMT vs. PFL - Volatility Comparison
The current volatility for MFS Multimarket Income Trust (MMT) is 4.33%, while PIMCO Income Strategy Fund (PFL) has a volatility of 6.50%. This indicates that MMT experiences smaller price fluctuations and is considered to be less risky than PFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMT | PFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 6.50% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 7.81% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 10.37% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 13.93% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.27% | 18.35% | -4.08% |
Dividends
MMT vs. PFL - Dividend Comparison
MMT's dividend yield for the trailing twelve months is around 8.62%, less than PFL's 12.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 8.62% | 8.65% | 8.65% | 8.65% | 9.38% | 7.86% | 8.07% | 8.16% | 9.86% | 8.83% | 8.71% | 9.05% |
PFL PIMCO Income Strategy Fund | 11.07% | 11.59% | 11.66% | 11.57% | 12.04% | 9.53% | 9.44% | 9.11% | 9.94% | 9.25% | 10.22% | 11.09% |