MNWIX vs. GTAPX
MNWIX (MFS Managed Wealth Fund) and GTAPX (Quantitative U.S. Long/Short Equity Portfolio) are both Long-Short funds. Over the past 10 years, MNWIX returned 3.94%/yr vs 5.74%/yr for GTAPX. At a 0.33 correlation, their price movements are largely independent. MNWIX charges 0.67%/yr vs 1.25%/yr for GTAPX.
Performance
MNWIX vs. GTAPX - Performance Comparison
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Returns By Period
In the year-to-date period, MNWIX achieves a 1.58% return, which is significantly lower than GTAPX's 4.19% return. Over the past 10 years, MNWIX has underperformed GTAPX with an annualized return of 3.94%, while GTAPX has yielded a comparatively higher 5.74% annualized return.
MNWIX
- 1D
- 0.22%
- 1M
- 0.45%
- YTD
- 1.58%
- 6M
- 1.43%
- 1Y
- 4.62%
- 3Y*
- 6.23%
- 5Y*
- 4.03%
- 10Y*
- 3.94%
GTAPX
- 1D
- -0.67%
- 1M
- -0.82%
- YTD
- 4.19%
- 6M
- 3.55%
- 1Y
- 13.63%
- 3Y*
- 10.84%
- 5Y*
- 9.23%
- 10Y*
- 5.74%
MNWIX vs. GTAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNWIX MFS Managed Wealth Fund | 1.58% | 7.71% | 6.42% | 5.41% | -2.15% | 1.35% | 3.11% | 8.70% | 2.10% | 6.70% |
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 4.19% | 12.79% | 13.28% | 4.42% | 3.16% | 17.72% | -5.16% | 3.26% | -8.65% | 8.74% |
Correlation
The correlation between MNWIX and GTAPX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.33 |
The correlation between MNWIX and GTAPX shifts across timeframes, from 0.26 (10 years) to 0.39 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MNWIX vs. GTAPX — Risk / Return Rank
MNWIX
GTAPX
MNWIX vs. GTAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Managed Wealth Fund (MNWIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX). 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.
| MNWIX | GTAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.34 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 4.46 | -3.67 |
| Martin ratioReturn relative to average drawdown | 3.15 | 13.68 | -10.53 |
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Drawdowns
MNWIX vs. GTAPX - Drawdown Comparison
The maximum MNWIX drawdown since its inception was -5.57%, smaller than the maximum GTAPX drawdown of -30.40%. Use the drawdown chart below to compare losses from any high point for MNWIX and GTAPX.
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Drawdown Indicators
| MNWIX | GTAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.57% | -30.40% | +24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -3.01% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | -12.21% | +6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | -12.21% | +6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -5.57% | -30.40% | +24.83% |
Current DrawdownCurrent decline from peak | -0.44% | -1.84% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -7.02% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.97% | +0.42% |
Volatility
MNWIX vs. GTAPX - Volatility Comparison
MFS Managed Wealth Fund (MNWIX) and Quantitative U.S. Long/Short Equity Portfolio (GTAPX) have volatilities of 2.12% and 2.13%, 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 | GTAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.13% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 5.21% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 6.84% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.07% | 10.87% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.89% | 10.23% | -6.34% |
MNWIX vs. GTAPX - Expense Ratio Comparison
MNWIX has a 0.67% expense ratio, which is lower than GTAPX's 1.25% expense ratio.
Dividends
MNWIX vs. GTAPX - Dividend Comparison
MNWIX's dividend yield for the trailing twelve months is around 0.75%, less than GTAPX's 15.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTAPX Quantitative U.S. Long/Short Equity Portfolio | 15.92% | 16.63% | 11.79% | 11.23% | 0.00% | 0.00% | 0.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
MNWIX MFS Managed Wealth Fund | 0.75% | 0.76% | 1.13% | 0.78% | 0.70% | 0.13% | 0.24% | 0.54% | 0.42% | 0.94% | 2.65% | 1.19% |
Frequently Asked Questions
MNWIX and GTAPX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTAPX has higher volatility (2.13%) compared to MNWIX (2.12%). In terms of maximum drawdown, MNWIX dropped -5.57% vs GTAPX's -30.40%.
GTAPX currently has the higher Sharpe Ratio (1.96 vs 0.75), 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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