MTCIX vs. PAIIX
MTCIX (MFS Technology Fund) and PAIIX (PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)) are both mutual funds - MTCIX is a Technology Equities fund managed by MFS, while PAIIX is a Global Bonds fund managed by PIMCO. Over the past 10 years, MTCIX returned 20.94%/yr vs 2.63%/yr for PAIIX. Their -0.05 correlation means they have often moved in opposite directions in the past. MTCIX charges 0.88%/yr vs 0.90%/yr for PAIIX.
Performance
MTCIX vs. PAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, MTCIX achieves a 12.57% return, which is significantly higher than PAIIX's -0.75% return. Over the past 10 years, MTCIX has outperformed PAIIX with an annualized return of 20.94%, while PAIIX has yielded a comparatively lower 2.63% annualized return.
MTCIX
- 1D
- 3.64%
- 1M
- -2.03%
- 6M
- 13.12%
- YTD
- 12.57%
- 1Y
- 24.44%
- 3Y*
- 31.99%
- 5Y*
- 15.49%
- 10Y*
- 20.94%
- ALL TIME*
- 10.74%
PAIIX
- 1D
- 0.31%
- 1M
- -1.14%
- 6M
- -1.12%
- YTD
- -0.75%
- 1Y
- 2.36%
- 3Y*
- 5.21%
- 5Y*
- 2.13%
- 10Y*
- 2.63%
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MTCIX MFS Technology Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MTCIX vs. PAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 12.57% | 16.39% | 56.76% | 54.42% | -36.18% | 14.11% | 46.45% | 38.84% | 1.85% | 38.78% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | -0.75% | 8.23% | 4.02% | 6.63% | -6.00% | -0.84% | 6.95% | 6.40% | -0.80% | 3.97% |
Correlation
The correlation between MTCIX and PAIIX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | -0.05 |
The correlation between MTCIX and PAIIX shifts across timeframes, from -0.05 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MTCIX vs. PAIIX — Risk / Return Rank
MTCIX
PAIIX
MTCIX vs. PAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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.
| MTCIX | PAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.76 | +0.41 |
| Martin ratioReturn relative to average drawdown | 3.55 | 2.29 | +1.26 |
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Drawdowns
MTCIX vs. PAIIX - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -82.78%, which is greater than PAIIX's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for MTCIX and PAIIX.
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Drawdown Indicators
| MTCIX | PAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.78% | -13.59% | -69.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.59% | -4.25% | -14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -25.97% | -4.25% | -21.72% |
Max Drawdown (5Y)Largest decline over 5 years | -42.74% | -9.80% | -32.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -10.44% | -32.30% |
Current DrawdownCurrent decline from peak | -8.11% | -1.68% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -29.72% | -1.99% | -27.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 1.40% | +4.73% |
Volatility
MTCIX vs. PAIIX - Volatility Comparison
MFS Technology Fund (MTCIX) has a higher volatility of 7.15% compared to PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) at 1.20%. This indicates that MTCIX's price experiences larger fluctuations and is considered to be riskier than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTCIX | PAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 1.20% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 3.74% | +15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 4.20% | +19.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.95% | 3.48% | +22.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.30% | 3.03% | +21.27% |
MTCIX vs. PAIIX - Expense Ratio Comparison
MTCIX has a 0.88% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Dividends
MTCIX vs. PAIIX - Dividend Comparison
MTCIX's dividend yield for the trailing twelve months is around 12.18%, more than PAIIX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 12.18% | 13.71% | 26.78% | 9.66% | 10.35% | 11.58% | 4.97% | 3.87% | 4.97% | 3.51% | 1.84% | 3.62% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.27% | 4.44% | 3.72% | 2.05% | 7.25% | 2.59% | 1.90% | 3.75% | 1.78% | 2.73% | 2.23% | 5.44% |
Frequently Asked Questions
MTCIX and PAIIX 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.
MTCIX has higher volatility (7.15%) compared to PAIIX (1.20%). In terms of maximum drawdown, MTCIX dropped -82.78% vs PAIIX's -13.59%.
MTCIX currently has the higher Sharpe Ratio (0.92 vs 0.77), 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.
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