MMT vs. TSI
MMT (MFS Multimarket Income Trust) and TSI (TCW Strategic Income Fund Inc.) are both Multisector Bonds funds. Over the past 10 years, MMT returned 5.96%/yr vs 5.24%/yr for TSI. At a 0.10 correlation, their price movements are largely independent.
Performance
MMT vs. TSI - Performance Comparison
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Returns By Period
In the year-to-date period, MMT achieves a 0.12% return, which is significantly higher than TSI's -6.08% return. Over the past 10 years, MMT has outperformed TSI with an annualized return of 5.96%, while TSI has yielded a comparatively lower 5.24% annualized return.
MMT
- 1D
- -0.66%
- 1M
- -1.23%
- YTD
- 0.12%
- 6M
- -0.65%
- 1Y
- 5.94%
- 3Y*
- 8.92%
- 5Y*
- 1.80%
- 10Y*
- 5.96%
TSI
- 1D
- -0.11%
- 1M
- -0.04%
- YTD
- -6.08%
- 6M
- -3.17%
- 1Y
- -0.59%
- 3Y*
- 6.73%
- 5Y*
- 2.14%
- 10Y*
- 5.24%
MMT vs. TSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 0.12% | 8.10% | 12.40% | 10.14% | -22.96% | 13.11% | 8.88% | 30.32% | -7.70% | 9.29% |
TSI TCW Strategic Income Fund Inc. | -6.08% | 9.72% | 13.45% | 7.13% | -14.33% | 8.08% | 3.77% | 17.97% | -3.83% | 16.42% |
Correlation
The correlation between MMT and TSI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 1988 | 0.10 |
The correlation between MMT and TSI shifts across timeframes, from 0.10 (all time) to 0.30 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MMT vs. TSI — Risk / Return Rank
MMT
TSI
MMT vs. TSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Multimarket Income Trust (MMT) and TCW Strategic Income Fund Inc. (TSI). 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 | TSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.99 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.07 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.89 | -0.18 | +3.07 |
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 | TSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | -0.07 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.20 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.37 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
MMT vs. TSI - Drawdown Comparison
The maximum MMT drawdown since its inception was -35.70%, smaller than the maximum TSI drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for MMT and TSI.
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Drawdown Indicators
| MMT | TSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -60.35% | +24.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -8.30% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -8.30% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -18.56% | -13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -30.00% | -5.70% |
Current DrawdownCurrent decline from peak | -3.50% | -6.11% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -7.69% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.31% | -1.25% |
Volatility
MMT vs. TSI - Volatility Comparison
MFS Multimarket Income Trust (MMT) has a higher volatility of 3.16% compared to TCW Strategic Income Fund Inc. (TSI) at 1.85%. This indicates that MMT's price experiences larger fluctuations and is considered to be riskier than TSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMT | TSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.85% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 7.32% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 8.41% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 10.92% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 14.04% | +0.25% |
Dividends
MMT vs. TSI - Dividend Comparison
MMT's dividend yield for the trailing twelve months is around 8.96%, more than TSI's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 8.96% | 8.65% | 8.65% | 8.65% | 9.38% | 7.86% | 8.07% | 8.16% | 9.86% | 8.83% | 8.71% | 9.05% |
TSI TCW Strategic Income Fund Inc. | 8.44% | 6.58% | 8.00% | 7.73% | 7.00% | 6.36% | 4.83% | 7.39% | 7.07% | 5.36% | 5.21% | 4.08% |
Frequently Asked Questions
MMT and TSI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMT has higher volatility (3.16%) compared to TSI (1.85%). In terms of maximum drawdown, MMT dropped -35.70% vs TSI's -60.35%.
MMT currently has the higher Sharpe Ratio (0.68 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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