MSFRX vs. VBIAX

Last updated Jun 4, 2026

MSFRX (MFS Total Return Fund) and VBIAX (Vanguard Balanced Index Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, MSFRX returned 7.97%/yr vs 9.83%/yr for VBIAX. Their correlation of 0.92 suggests significant overlap in exposure. MSFRX charges 0.72%/yr vs 0.07%/yr for VBIAX.

Performance

MSFRX vs. VBIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Total Return Fund (MSFRX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSFRX achieves a 3.03% return, which is significantly lower than VBIAX's 7.35% return. Over the past 10 years, MSFRX has underperformed VBIAX with an annualized return of 7.97%, while VBIAX has yielded a comparatively higher 9.83% annualized return.

MSFRX

• 1D: 0.05%
• 1M: 0.98%
• YTD: 3.03%
• 6M: 4.12%
• 1Y: 11.65%
• 3Y*: 12.46%
• 5Y*: 6.31%
• 10Y*: 7.97%

VBIAX

• 1D: 0.15%
• 1M: 3.71%
• YTD: 7.35%
• 6M: 7.26%
• 1Y: 19.35%
• 3Y*: 15.04%
• 5Y*: 8.01%
• 10Y*: 9.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSFRX vs. VBIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSFRX MFS Total Return Fund	3.03%	10.98%	14.73%	10.34%	-9.70%	14.00%	9.72%	20.20%	-5.80%	12.18%
VBIAX Vanguard Balanced Index Fund Admiral Shares	7.35%	13.61%	14.58%	17.54%	-16.90%	14.21%	16.40%	21.78%	-2.86%	13.89%

Correlation

The correlation between MSFRX and VBIAX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000	0.92

Over the past year, the correlation between MSFRX and VBIAX has dropped to 0.66 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.

Return for Risk

MSFRX vs. VBIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFRX

MSFRX Risk / Return Rank: 37
MSFRX Sharpe Ratio Rank: 38
MSFRX Sortino Ratio Rank: 41
MSFRX Omega Ratio Rank: 37
MSFRX Calmar Ratio Rank: 40
MSFRX Martin Ratio Rank: 31

VBIAX

VBIAX Risk / Return Rank: 76
VBIAX Sharpe Ratio Rank: 76
VBIAX Sortino Ratio Rank: 74
VBIAX Omega Ratio Rank: 70
VBIAX Calmar Ratio Rank: 75
VBIAX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSFRX vs. VBIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Total Return Fund (MSFRX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.

	MSFRX	VBIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.52	-0.75
Sortino ratio: Return per unit of downside risk	2.68	3.59	-0.92
Omega ratio: Gain probability vs. loss probability	1.32	1.47	-0.15
Calmar ratio: Return relative to maximum drawdown	2.41	3.42	-1.01
Martin ratio: Return relative to average drawdown	7.20	15.60	-8.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFRX vs. VBIAX - Sharpe Ratio Comparison

The current MSFRX Sharpe Ratio is 1.77, which is comparable to the VBIAX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of MSFRX and VBIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSFRX	VBIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.52	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.73	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.88	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.64	+0.01

Drawdowns

MSFRX vs. VBIAX - Drawdown Comparison

The maximum MSFRX drawdown since its inception was -37.28%, roughly equal to the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for MSFRX and VBIAX.

Drawdown Indicators

	MSFRX	VBIAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.28%	-35.90%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.96%	-5.83%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-8.56%	-11.70%	+3.14%
Max Drawdown (5Y) Largest decline over 5 years	-17.02%	-21.53%	+4.51%
Max Drawdown (10Y) Largest decline over 10 years	-24.70%	-22.78%	-1.92%
Current Drawdown Current decline from peak	-2.11%	0.00%	-2.11%
Average Drawdown Average peak-to-trough decline	-5.00%	-4.44%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.27%	+0.38%

Volatility

MSFRX vs. VBIAX - Volatility Comparison

The current volatility for MFS Total Return Fund (MSFRX) is 1.76%, while Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a volatility of 2.26%. This indicates that MSFRX experiences smaller price fluctuations and is considered to be less risky than VBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFRX	VBIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	2.26%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	4.92%	6.11%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	7.90%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.74%	11.05%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	11.21%	-0.76%

MSFRX vs. VBIAX - Expense Ratio Comparison

MSFRX has a 0.72% expense ratio, which is higher than VBIAX's 0.07% expense ratio.

Dividends

MSFRX vs. VBIAX - Dividend Comparison

MSFRX's dividend yield for the trailing twelve months is around 8.79%, more than VBIAX's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFRX MFS Total Return Fund	8.79%	8.93%	14.87%	6.19%	5.38%	8.33%	6.93%	3.22%	4.99%	5.67%	3.54%	5.55%
VBIAX Vanguard Balanced Index Fund Admiral Shares	5.21%	6.00%	5.27%	4.35%	2.83%	3.19%	2.65%	2.28%	2.32%	1.95%	2.09%	2.09%

Frequently Asked Questions

Can I hold both MSFRX and VBIAX in my portfolio?

MSFRX and VBIAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFRX or VBIAX?

VBIAX has higher volatility (2.26%) compared to MSFRX (1.76%). In terms of maximum drawdown, MSFRX dropped -37.28% vs VBIAX's -35.90%.

Which has better risk-adjusted returns?

VBIAX currently has the higher Sharpe Ratio (2.52 vs 1.77), 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.