MNWIX vs. BTPIX
Compare and contrast key facts about MFS Managed Wealth Fund (MNWIX) and Salient Tactical Plus Fund (BTPIX).
MNWIX is managed by BlackRock. It was launched on Jun 26, 2014. BTPIX is managed by Salient Funds. It was launched on Dec 30, 2012.
Performance
MNWIX vs. BTPIX - Performance Comparison
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MNWIX vs. BTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNWIX MFS Managed Wealth Fund | -3.15% | 7.71% | 6.42% | 5.41% | -2.15% | 1.35% | 3.11% | 8.70% | 2.10% | 6.70% |
BTPIX Salient Tactical Plus Fund | -0.83% | -2.44% | 3.17% | 4.22% | -1.65% | 6.48% | 7.46% | 7.54% | 2.94% | 0.26% |
Returns By Period
In the year-to-date period, MNWIX achieves a -3.15% return, which is significantly lower than BTPIX's -0.83% return. Both investments have delivered pretty close results over the past 10 years, with MNWIX having a 3.48% annualized return and BTPIX not far behind at 3.36%.
MNWIX
- 1D
- 1.42%
- 1M
- -2.93%
- YTD
- -3.15%
- 6M
- -2.57%
- 1Y
- 2.10%
- 3Y*
- 5.16%
- 5Y*
- 3.31%
- 10Y*
- 3.48%
BTPIX
- 1D
- 0.94%
- 1M
- -4.03%
- YTD
- -0.83%
- 6M
- 0.08%
- 1Y
- -0.10%
- 3Y*
- 1.45%
- 5Y*
- 1.46%
- 10Y*
- 3.36%
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MNWIX vs. BTPIX - Expense Ratio Comparison
MNWIX has a 0.67% expense ratio, which is lower than BTPIX's 1.08% expense ratio.
Return for Risk
MNWIX vs. BTPIX — Risk / Return Rank
MNWIX
BTPIX
MNWIX vs. BTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Managed Wealth Fund (MNWIX) and Salient Tactical Plus Fund (BTPIX). 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.
| MNWIX | BTPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | -0.01 | +0.39 |
Sortino ratioReturn per unit of downside risk | 0.55 | 0.04 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.03 | +0.35 |
Martin ratioReturn relative to average drawdown | 1.56 | 0.07 | +1.50 |
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
| MNWIX | BTPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | -0.01 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.24 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.39 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.44 | +0.35 |
Correlation
The correlation between MNWIX and BTPIX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MNWIX vs. BTPIX - Dividend Comparison
MNWIX's dividend yield for the trailing twelve months is around 0.78%, less than BTPIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNWIX MFS Managed Wealth Fund | 0.78% | 0.76% | 1.13% | 0.78% | 0.70% | 0.13% | 0.24% | 0.54% | 0.42% | 0.94% | 2.65% | 1.19% |
BTPIX Salient Tactical Plus Fund | 2.83% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% | 0.00% |
Drawdowns
MNWIX vs. BTPIX - Drawdown Comparison
The maximum MNWIX drawdown since its inception was -5.57%, smaller than the maximum BTPIX drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for MNWIX and BTPIX.
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Drawdown Indicators
| MNWIX | BTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.57% | -13.30% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -6.84% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | -8.90% | +3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -5.57% | -11.04% | +5.47% |
Current DrawdownCurrent decline from peak | -4.16% | -5.88% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -3.90% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.63% | -1.29% |
Volatility
MNWIX vs. BTPIX - Volatility Comparison
MFS Managed Wealth Fund (MNWIX) and Salient Tactical Plus Fund (BTPIX) have volatilities of 2.54% and 2.59%, 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.
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Volatility by Period
| MNWIX | BTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.59% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 8.09% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 8.83% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 6.11% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 8.62% | -4.85% |