MSNYX vs. MFEIX
MSNYX (MFS New York Municipal Bond Fund) and MFEIX (MFS Growth I) are both mutual funds - MSNYX is a Municipal Bonds fund managed by MFS, while MFEIX is a Large Cap Growth Equities fund managed by MFS. Over the past 10 years, MSNYX returned 1.66%/yr vs 16.59%/yr for MFEIX. Their -0.05 correlation means they have often moved in opposite directions in the past. MSNYX charges 0.83%/yr vs 0.60%/yr for MFEIX.
Performance
MSNYX vs. MFEIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MSNYX having a 0.67% return and MFEIX slightly higher at 0.70%. Over the past 10 years, MSNYX has underperformed MFEIX with an annualized return of 1.66%, while MFEIX has yielded a comparatively higher 16.59% annualized return.
MSNYX
- 1D
- -0.30%
- 1M
- -2.45%
- 6M
- 0.17%
- YTD
- 0.67%
- 1Y
- 6.21%
- 3Y*
- 3.54%
- 5Y*
- -0.09%
- 10Y*
- 1.66%
- ALL TIME*
- 4.47%
MFEIX
- 1D
- 2.48%
- 1M
- -1.78%
- 6M
- 1.75%
- YTD
- 0.70%
- 1Y
- 4.08%
- 3Y*
- 21.94%
- 5Y*
- 10.87%
- 10Y*
- 16.59%
- ALL TIME*
- 9.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MFEIX MFS Growth I | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MSNYX vs. MFEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSNYX MFS New York Municipal Bond Fund | 0.67% | 4.09% | 2.91% | 6.67% | -12.93% | 2.97% | 3.80% | 7.96% | 0.59% | 5.57% |
MFEIX MFS Growth I | 0.70% | 12.34% | 49.67% | 36.15% | -31.14% | 23.59% | 31.65% | 37.69% | 2.30% | 30.86% |
Correlation
The correlation between MSNYX and MFEIX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | -0.05 |
The correlation between MSNYX and MFEIX shifts across timeframes, from -0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MSNYX vs. MFEIX — Risk / Return Rank
MSNYX
MFEIX
MSNYX vs. MFEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS New York Municipal Bond Fund (MSNYX) and MFS Growth I (MFEIX). 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.
| MSNYX | MFEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.04 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.14 | +2.21 |
| Martin ratioReturn relative to average drawdown | 7.96 | 0.42 | +7.53 |
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Drawdowns
MSNYX vs. MFEIX - Drawdown Comparison
The maximum MSNYX drawdown since its inception was -18.43%, smaller than the maximum MFEIX drawdown of -72.24%. Use the drawdown chart below to compare losses from any high point for MSNYX and MFEIX.
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Drawdown Indicators
| MSNYX | MFEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.43% | -72.24% | +53.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -17.30% | +14.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.22% | -23.24% | +16.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.43% | -36.11% | +17.68% |
Max Drawdown (10Y)Largest decline over 10 years | -18.43% | -36.11% | +17.68% |
Current DrawdownCurrent decline from peak | -2.45% | -5.58% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -23.62% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 5.56% | -4.64% |
Volatility
MSNYX vs. MFEIX - Volatility Comparison
The current volatility for MFS New York Municipal Bond Fund (MSNYX) is 1.19%, while MFS Growth I (MFEIX) has a volatility of 5.28%. This indicates that MSNYX experiences smaller price fluctuations and is considered to be less risky than MFEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSNYX | MFEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.28% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 14.10% | -11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 17.53% | -13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 22.16% | -17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.62% | 21.35% | -16.73% |
MSNYX vs. MFEIX - Expense Ratio Comparison
MSNYX has a 0.83% expense ratio, which is higher than MFEIX's 0.60% expense ratio.
Dividends
MSNYX vs. MFEIX - Dividend Comparison
MSNYX's dividend yield for the trailing twelve months is around 3.29%, less than MFEIX's 12.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEIX MFS Growth I | 12.81% | 14.99% | 25.47% | 4.86% | 1.05% | 2.76% | 3.57% | 1.57% | 3.78% | 2.50% | 1.61% | 3.65% |
MSNYX MFS New York Municipal Bond Fund | 3.29% | 4.64% | 3.17% | 2.77% | 2.06% | 2.13% | 2.52% | 3.08% | 3.53% | 3.58% | 3.56% | 3.76% |
Frequently Asked Questions
MSNYX and MFEIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFEIX has higher volatility (5.28%) compared to MSNYX (1.19%). In terms of maximum drawdown, MSNYX dropped -18.43% vs MFEIX's -72.24%.
MSNYX currently has the higher Sharpe Ratio (2.07 vs 0.13), 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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