MMT vs VTI
MMT vs VTI
MFS Multimarket Income Trust vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | MMT | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.17% | 0.03% | |
| AUM | $266M | $663.5B | |
| Dividend Yield | 8.21% | 1.07% | |
| Holdings | 920 | 3,543 | |
| YTD Return | -2.09% | +10.14% | |
| 1Y Return | +1.48% | +19.82% | |
| 3Y Return (annualized) | +7.20% | +18.94% | |
| 5Y Return (annualized) | +1.36% | +11.79% | |
| Volatility (annualized) | 10.8% | 15.4% | |
| Max Drawdown | -47.7% | -56.6% | |
| Fund Family | MFS Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 12, 1987 | May 24, 2001 |
MMT vs VTI Performance
MFS Multimarket Income Trust (MMT) is a ETF from MFS Investment Management and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year MMT returned +1.48% while VTI returned +19.82%. Year to date, MMT is down 2.09% versus a gain of 10.14% for VTI.
Over three years, MMT compounded at +7.20% per year against +18.94% for VTI; over five years the annualized figures are +1.36% and +11.79% respectively. Across the full 25-year window we track, VTI has the edge at +7.99% annualized vs +0.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -56.6% for VTI. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMT charges 1.17% per year while VTI 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 1.07% for VTI.
Holdings Overlap
MMT and VTI share 0 holdings out of 3330 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 VTI?
MMT has an expense ratio of 1.17% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $114 per year of difference.
Which performed better, MMT or VTI?
Over the past year MMT returned +1.48% vs +19.82% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), MMT annualized +0.23% vs +7.99% for VTI. Past performance does not guarantee future results.
Which is riskier, MMT or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 10.8% for MMT. Worst drawdown: MMT -47.7% vs VTI -56.6%.
Should I hold both MMT and VTI?
MMT and VTI have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMT and VTI?
MMT and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3330 unique securities.
Which pays a higher dividend, MMT or VTI?
MMT yields 8.21% while VTI yields 1.07%, so MMT currently pays the higher dividend yield.
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