MMT vs VOO
MMT vs VOO
MFS Multimarket Income Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. MMT offers more diversification with 547 holdings.
Side-by-Side Comparison
| Metric | MMT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.17% | 0.03% | |
| AUM | $266M | $979.0B | |
| Dividend Yield | 8.21% | 1.09% | |
| Holdings | 920 | 509 | |
| YTD Return | -2.09% | +9.95% | |
| 1Y Return | +1.48% | +19.58% | |
| 3Y Return (annualized) | +7.20% | +19.43% | |
| 5Y Return (annualized) | +1.36% | +12.89% | |
| Volatility (annualized) | 10.8% | 14.2% | |
| Max Drawdown | -47.7% | -34.3% | |
| Fund Family | MFS Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 12, 1987 | Sep 7, 2010 |
MMT vs VOO Performance
MFS Multimarket Income Trust (MMT) is a ETF from MFS Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MMT returned +1.48% while VOO returned +19.58%. Year to date, MMT is down 2.09% versus a gain of 9.95% for VOO.
Over three years, MMT compounded at +7.20% per year against +19.43% for VOO; over five years the annualized figures are +1.36% and +12.89% respectively. Across the full 16-year window we track, VOO has the edge at +13.35% annualized vs +0.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.8% for MMT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.7% for MMT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MMT charges 1.17% per year while VOO charges 0.03%. On a $10,000 position that is $117 vs $3 annually, a gap of $114 per year that compounds over a long holding period. On income, MMT currently yields 8.21% against 1.09% for VOO.
Holdings Overlap
MMT and VOO share 0 holdings out of 1052 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MMT or VOO?
MMT has an expense ratio of 1.17% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $114 per year of difference.
Which performed better, MMT or VOO?
Over the past year MMT returned +1.48% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), MMT annualized +0.23% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, MMT or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 10.8% for MMT. Worst drawdown: MMT -47.7% vs VOO -34.3%.
Should I hold both MMT and VOO?
MMT and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMT and VOO?
MMT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1052 unique securities.
Which pays a higher dividend, MMT or VOO?
MMT yields 8.21% while VOO yields 1.09%, so MMT currently pays the higher dividend yield.
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