MMT vs. VGI
MMT (MFS Multimarket Income Trust) and VGI (Virtus Global Multi-Sector Income Fund) are both Multisector Bonds funds. Over the past 10 years, MMT returned 5.91%/yr vs 4.93%/yr for VGI. At a 0.36 correlation, their price movements are largely independent.
Performance
MMT vs. VGI - Performance Comparison
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Returns By Period
In the year-to-date period, MMT achieves a 0.86% return, which is significantly higher than VGI's 0.52% return. Over the past 10 years, MMT has outperformed VGI with an annualized return of 5.91%, while VGI has yielded a comparatively lower 4.93% annualized return.
MMT
- 1D
- 0.45%
- 1M
- 0.74%
- YTD
- 0.86%
- 6M
- 0.64%
- 1Y
- 6.20%
- 3Y*
- 9.33%
- 5Y*
- 2.01%
- 10Y*
- 5.91%
VGI
- 1D
- 0.00%
- 1M
- 1.50%
- YTD
- 0.52%
- 6M
- 1.16%
- 1Y
- 8.75%
- 3Y*
- 12.52%
- 5Y*
- 2.63%
- 10Y*
- 4.93%
MMT vs. VGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMT MFS Multimarket Income Trust | 0.86% | 8.10% | 12.40% | 10.14% | -22.96% | 13.11% | 8.88% | 30.32% | -7.70% | 9.29% |
VGI Virtus Global Multi-Sector Income Fund | 0.52% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
Correlation
The correlation between MMT and VGI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.36 |
The correlation between MMT and VGI shifts across timeframes, from 0.34 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MMT vs. VGI — Risk / Return Rank
MMT
VGI
MMT vs. VGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Multimarket Income Trust (MMT) and Virtus Global Multi-Sector Income Fund (VGI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MMT | VGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.07 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.74 | -0.86 |
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Drawdowns
MMT vs. VGI - Drawdown Comparison
The maximum MMT drawdown since its inception was -35.70%, smaller than the maximum VGI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for MMT and VGI.
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Drawdown Indicators
| MMT | VGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -48.08% | +12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -8.21% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -12.34% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -32.29% | -32.95% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -48.08% | +12.38% |
Current DrawdownCurrent decline from peak | -2.79% | -2.86% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -10.40% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.34% | -0.19% |
Volatility
MMT vs. VGI - Volatility Comparison
MFS Multimarket Income Trust (MMT) has a higher volatility of 2.48% compared to Virtus Global Multi-Sector Income Fund (VGI) at 1.86%. This indicates that MMT's price experiences larger fluctuations and is considered to be riskier than VGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMT | VGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.86% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 6.48% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 7.87% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 10.53% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 16.74% | -2.44% |
Dividends
MMT vs. VGI - Dividend Comparison
MMT's dividend yield for the trailing twelve months is around 8.96%, less than VGI's 12.97% 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% |
VGI Virtus Global Multi-Sector Income Fund | 12.97% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
Frequently Asked Questions
MMT and VGI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMT has higher volatility (2.48%) compared to VGI (1.86%). In terms of maximum drawdown, MMT dropped -35.70% vs VGI's -48.08%.
VGI currently has the higher Sharpe Ratio (1.12 vs 0.70), 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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